That will only be known with time, Campbell said. Theres speculation thats the case. Certainly theres individual stocks that are in a bubble territory I dont believe the overall sector is going Marijuana Stocks to be wiped out or become worthless. Brett Wilson, aCalgary entrepreneur and a co-founder of the oil and gas investment firm FirstEnergy Capital Corp., is building a portfolio of cannabis investments. He says he hasntsmoked marijuana since 1976 at the University of Saskatchewan, buthe is still seeinggreen. By taking a positionin cannabis companies,Wilsonwants to accelerate research into marijuanas medicinal properties while promoting what he calls responsible consumption, but there is also money to be made. The size of the market has not even been tapped; we just dont know how big it is, hesaid. Its too early to think about who the winners and losers are because theres going to be so many winners, and thats really whats attracting capital to this industry right now at a frenetic pace. Wilson isamong several market backerswho recentlyinvested $3 million in Vancouver-based Tokyo Smoke, which wants to becomethe Starbucks of cannabis. While Wilson has thrown his name behind several emerging cannabis players, he said he is aware ofovervalued companies seeking investor dollars. There are a few stories that are a bit bubbly, he said.
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