The headline – “What to Do When Your Child Wants Marijuana Stocks” – at first almost seems like a gag. But on this 4/20-minus-three Thursday, New York Times parenting columnist Ron Lieber (pictured) is entirely serious:
Few mothers and fathers prepare themselves for a circumstance I’ve encountered twice in just the last month: What to do about a child who wants to buy stock in marijuana companies? Should the fact that we probably don’t want our children consuming the stuff mean that they shouldn’t try to make money off of it either?
Lieber offers three general directives for parents seeking to guide their progeny’s stock market picks. The reader comments to this one are definitely going to be worth watching; here’s some early reaction from mom Joanne:
I’d absolutely give my daughter supportive advice to invest in marijuana companies as I believe that it is time for the pox to be over regarding marijuana AND it is an enormous new business opportunity that will change the economics of our country. On the other hand, it’s most pharmaceutical companies that I would advise her against investing her money.
Per Lieber’s forward-looking columnist footnote, he has a book coming out in February 2015 that relates to this post, titled The Opposite of Spoiled.[Photo courtesy: ronlieber.com]