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Here’s why marijuana stocks won’t get a boost by presidential candidates’ legalization bill

Many investors see a big opportunity in marijuana.

Alas, it is not as simple as buying a handful of marijuana stocks on good news. Often it backfires and investors lose money on the ensuing volatility. When I wrote “How to potentially become a marijuana millionaire, albeit carefully,” the most important word in the headline was “carefully.”

Sen. Cory Booker, a Democratic presidential candidate, is reintroducing a bill that would legalize marijuana at the federal level. Four of his fellow presidential candidates, Sen. Elizabeth Warren, Sen. Kirsten Gillibrand, Sen. Kamala Harris and Sen. Bernie Sanders are cosponsoring the bill.

Martha Stewart is teaming up with Canopy Growth CGC, -0.76% to develop and market a line of CBD products.

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