Weekend reads: a marijuana-friendly retirement location – MarketWatch

Investors have poured a lot of money into shares of cannabis companies this year, as they anticipate a continual lifting of states’ bans against its recreational use. Managers of mutual funds and exchange-traded funds that hold these stocks believe we’re still at a very early stage for the industry.

But what about people thinking about where to live when they retire? Silvia Ascarelli helps a reader looking to retire in a location that is marijuana-friendly, but also leans to the right politically, among other requirements.

Try the MarketWatch “where should I retire” tool for your own customized search.

Also read: I’m 64, single, considering retirement after fighting cancer — I have $1.6 million. Should I retire?

Marijuana stocks’ gyrations

Shares of marijuana stocks showed this week how an unfolding industry can be whipsawed. The ETFMG Alternative Harvest ETF MJ, -2.12% — the largest cannabis ETF — had surged 131% for 2011 through Feb. 10, before falling 25% on Feb. 11. Shares of Canopy Growth Corp. CGC, -0.76% WEED, -0.87%, which is 38.6% owned by Constellation Brands Inc. STZ, +2.18%, were up 112% year-to-date through Feb. 10, before slumping 22% on Feb. 11.

Go to Cannabis Watch for full coverage of marijuana industry developments. Recent coverage includes:

Elon Musk’s support for bitcoin

You can see on the chart above that investors and traders were clamoring for bitcoin BTCUSD, +1.54% even before Tesla Inc. TSLA, +0.52% said in its annual report on Feb. 8 that it had purchased $1.5 billion worth of the cryptocurrency.

Here’s more coverage of Tesla CEO Elon Musk’s support for cryptocurrencies and what it means:

  • Electricity to power bitcoin surges to new heights as price gets Tesla boost
  • Should I buy dogecoin? Why prices of the cryptocurrency are surging — but risky
Two masks

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said last month that it was “common sense” that wearing two masks would provide more protection against the transmission of Covid-19.

Now the Centers for Disease Control and Prevention has put out practical guidelines for using two masks, as Nicole Lyn Pesce explains.

A deep look at Black History Month

Meera Jagannathan explains the background of Black History Month and the many ways to observe it and extend its lessons.

Paying to jump the vaccine line

Some wealthy donors to medical facilities enjoy public acknowledgment of their generosity by having their names on pavilions or even individual hospital rooms. But some hospitals have gone further to express their gratitude — inviting VIP donors to take advantage of early access to Covid-19 vaccinations, Leslie Albrecht reports.

Evictions roll on, despite moratoriums

Jacob Passy lists landlords that have filed for hundreds of evictions since the CDC’s moratorium on evictions went into effect.

Shares of Draft Kings Inc. have risen 232% over the past year, helping propel the Sparrow Growth Fund. (AP Photo/Charles Krupa, File)


A winning investing strategy following a repetitive process

Barbara Kollmeyer interviews Gerald Sparrow, the manager of the Sparrow Growth Fund SGNFX, +0.45%, which has achieved remarkable returns in recent years.

Tantalizing real estate

Millennials apparently have become so obsessed with scrolling through property listings on Zillow, that Saturday Night Live saw fit to lampoon the fad. Jacob Passy explains what may not be a bad trend at all.

How Bezos may give

With so much wealth, Jeff Bezos may become even more influential as a philanthropist than he has been as CEO of Amazon.com Inc. AMZN, +0.51%. The founder of the internet retail giant plans to step down from his management role in the third quarter. Leslie Albrecht describes the philanthropic work Bezos has already been doing and interviews experts on which organizations he may decide to help next.

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Source: https://www.marketwatch.com/story/weekend-reads-a-marijuana-friendly-retirement-location-11613152572

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