In 2013, FOX Business Network explored the business of vice. From casinos to marijuana fields, here are 5 stock picks from the world of booze and sin.
1. Online Gambling
Have Las Vegas casinos run out of luck? Thanks to online betting, you no longer need to leave the comfort of your home to gamble. Jeff Ma, a former member of the MIT Blackjack team (the inspiration for the book Bringing Down the House and 21) says the best way to beat the odds is to invest in casino stocks that are prepared to take advantage of online gambling.
According to economist Andrew Zatlin, Boston Beer Company is one of the best-performing stocks of the past 10 years.
With looming tax hikes and fewer and fewer smokers (not to mention the e-cig), some market watchers predict the tobacco industry could take another big hit in 2014. Morningstar equity analyst Thomas Mullarkey weighs in on the future of the tobacco industry and offers his picks for the best places to park your cash.
Even though recreational marijuana is only legal in Washington and Colorado, it has opened the door for many investment opportunities. ArcView Group CEO Troy Dayton helps people invest in the pot business and says some are willing to put up $50,000 for a chance to cash in.
If controversy and success had a child, it might be named Larry Flynt. FBN's Liz Claman sat down with Hustler founder Larry Flynt who weighed in on the business of sex and sin and where he sees the biggest potential for growth.