My investment tips for anything, not just cannabis, is that you want to invest for the long run, meaning don't day trade. Over time, investing for the long run is a winning strategy for wealth management. Choose stocks you think have good management teams and well-articulated business strategies including what their competitive advantages are and then sit on them. This industry is nascent and could have a 20-30 year run before reaching maturity so you could get outsized returns compared to the public markets but what you really want are long term holds that will let your capital grow for when you need it in the future. Do your diligence, make your picks, and then go do something else.
Beginner tips for investing in marijuana stocks. I would not. Your money is much better-spent building and growing your own medical marijuana for your family and friends. The big commercial pot will never supply all the strains, and as people will find they will NOT be growing the best cannabis. The "boutique growers" as I call them will be supplying the sick and needy with strain-specific help for the ones truly in medical need. I would invest in yourself and your own garden. Weedsthatplease.com will teach you how to grow that premium cannabis for FREE! It is very hard for me to trust the medical complex in America anymore based upon their lack of action in getting cannabis removed from the CSA Schedule. I believe they could have had it removed anytime they desired... They just did not desire it, and still, lie about it today.
Don’t track them too closely. Big picture. I’d play the ETFs and avoid specific ones. Too much volatility and it’s better to place a sector bet if you like the industry.
Investment tips: focus on publicly traded companies on major exchanges (CSE, TSX, NASDAQ, NYSE, etc). Also, look into these companies global footprint as a sign for future market growth, expansion, and production capacity.