Alright, let’s start this out by admitting something. Prior to National Fritters Day we had no idea that Fritters came in any other variety than Apple. A whole new world was opened up to us when we discovered that there were blueberry fritters, and banana fritters, pineapple fritters and even...

Health

/

ArcaMax

I Have $1,000. Should I Invest In Cannabis, Crypto Or Psychedelics?

By Benzinga Staff Writer, The Fresh Toast on

Published in Cannabis Daily

Overall, each sector offers potential if a person understands the space. Here’s what experts have to say.

By Andrew Ward

Portfolio diversity is always ideal, but what if you had to go all in on just one with exactly $1000 to invest?

While some advise to play it safe, others opt for the more risky but potentially rewarding investment strategies, focusing on nascent spaces like crypto, psychedelics and cannabis. Of these three, which is the most appealing to today’s marketplace? With Each Market Showing Potential, Crypto and Cannabis Get The Edge Each sector received its support among the unscientific polling this writer conducted. An October LinkedIn poll saw 40% selecting cannabis. Crypto received 38% of the votes, with psychedelics receiving 22%.

This article should note that the pool of LinkedIn respondents largely came from the cannabis industry.

Going off traffic from Benzinga, much of the readership is eager to learn more about crypto. Significant interest is centralized on all things Elon Musk, Dogecoin and Shiba Inus. As of early November, other topics of interest include emerging assets like Floki Inu (CRYPTO: FLOKI) and prominent names like Ethereum.

 

On November 2, 2021, just two of the site’s top 20 read articles were not about crypto. The first cannabis article to make the list came in at 27. Psychedelics didn’t crack the top 50 that day. Support for Choosing Crypto Dr. Jeremy Britton, CFO of BostonCoin, believes that cannabis and psychedelics are “fascinating solutions for many real-world problems” but noted their similarities to pharma stocks.

Britton, a financial analyst for 29 years, gave the edge to his sector due to its lack of red tape, saying regulations can delay rollouts and ROIs for years.

“It is often the red tape and regulations which slow some of these projects down for many months, if not many years,” Britton said. “As much as crypto can be dangerous due to its lack of regulation, the lack of red tape also gives it speed.”

Jonathan Seif, managing partner at the disruptive tech-focused advisory firm The ProFolio Group, also noted crypto’s rapidly evolving market. “With large financial institutions purchasing billions of dollars in crypto, the industry is not slowing down.”

...continued

swipe to next page
 

 
Alright, let’s start this out by admitting something. Prior to National Fritters Day we had no idea that Fritters came in any other variety than Apple. A whole new world was opened up to us when we discovered that there were blueberry fritters, and banana fritters, pineapple fritters and even...

Comics

Marvin For Better or For Worse David Horsey Clay Bennett Mike Smith John Darkow
Alright, let’s start this out by admitting something. Prior to National Fritters Day we had no idea that Fritters came in any other variety than Apple. A whole new world was opened up to us when we discovered that there were blueberry fritters, and banana fritters, pineapple fritters and even...