Gambling on Marijuana Legalization: Bet On Pot or Stocks?

How to squeeze green from green?

The beginning of legal recreational marijuana sales in Colorado — and the possibility of the same in California — has left one question on some peoples' minds.

Just how do I make money off of all this?

A fair question, and one that's not immediately easy to answer. Sure, you could go the old-school route — grow weed and then sell it at gouge-worthy prices. But this being a legal marketplace operating under the auspices of 21st-century capitalism, slanging bags is neither the lone nor best option.

You could also day-trade. Some cannabis stocks gained as much as 80 percent yesterday.

But beware: others have tried this and lost their hemp shirts.

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