If and when it gets legalized, bigger players like phillip morris and others like them will likely step in and ruin everything for the start ups.
In addition, the best option is to grow your own anyway, and its really not that difficult to do so. So those that want to consume quality bud will probably do that instead of whatever marlboro green GMO spice added mutant garbage they will be selling at 7-11.
I don’t see potential for long term gain in the stock market for grow operations and retail weed sales, maybe for bio research and concentrate laboratories, but IDK which publicly traded companies like that even exist.
You are correct to think this way as alot of companies will not survive the transition to full legality. How ever Canada has already gone fully legal and the big companies there are investing deeply into other countries, some even have ties to the bigger pharmacuetical companies and government connections that will allow them to hold onto there place in the market. Some of the bigger names you speak of are already involved with cannabis companies outside of the usa posed to hit the ground running when the feds back off. When a already succesfull cannabis company is aquired by or funded by a huge company like Philip morris they will have a huge distribution network already in place.
I wouldn’t invest solely in cannabis but if done right it is a industry with alot of room to grow.
Cannabis stocks are high risk but can offer high rewards. If you buy low or at the initial offer and sell during the inflation caused by market anticipation you can make some quick money. I wouldn’t invest to much long term as the value will go up and down alot before things smooth out. It’s a new industry and most of it’s earnings are based on predictions and will be untill some more long term data can be analyzed. I think the biggest gains will be threw aquistions of smaller companies by larger ones. Those who hold the permits and licenses already will have to be bought out and that process has already started. It takes some research but if you understand the direction the market is going and can see who is stacking the deck in there favor you can make some pretty reasonable investments.
The canna stocks have took a hard hit even before this whole Corona situation. I consider them long term investments as it’s a growing market and once the USA ends it’s federal laws against cannabis they will sky rocket.
It’s awefully quite in here for how active the markets have been.
If anybody is using Robinhood still and wants out with out paying transfer fees or having to sell everything let’s talk. They should be called sheriff of knotingham instead of Robinhood
I have been very pleased with the only two cannabis stocks I own.
IIRP is currently trading around $215, the past year’s high price was $221. Very nice.
Scotts Miracle Gro (SMG) has done quite well also. It is trading at around $239.
I own both of these at a cost basis well below $100.
There is still plenty of upside with both of these companies, considering the seeming inevitability of continuing legalization.
I have not, and would not, do business with online “brokers” such as Robinhood.
Just sayin’.
This is why I do not like platforms such as Robinhood.
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When a Robinhood user makes a trade, the platform is actually contracting out to a third party “market maker” (like Citadel Securities) that provides the liquidity to cover the trade. Robinhood settles up with them in a few days—two, to be precise, which is why this settlement system is called “T+2.” Businesses that participate in this kind of clearinghouse arrangement are regulated by an industry-owned organization called the Depository Trust & Clearing Corporation (DTCC), which sets things like capital requirements to make sure that companies like Robinhood have enough collateral on hand to cover the trades before they’re settled up at the clearinghouse two days later. The extreme trading volume for stocks like $GME drew down on Robinhood’s available capital, which is why the CEO says the platform had to pause those trades.
In other words, setting aside the potential for corruption, the Robinhood debacle was a problem of both business model—Robinhood users weren’t its real “customers”—and technology—the trades don’t settle immediately, so this rare event gunked up the financial plumbing of the clearinghouse system.
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excerpts from below excellent piece;
The stock market seems like a great alternative to putting money in a paper bag lighting it on fire and throwing out a moving car over a bridge. But really neither is attractive. Buy crypto.
I’ve done pretty well on the Canna stocks but I bought them all realy low, I bought gw around $80 per share sold at $214.
Bought sundial growers below .50 cent sold when it broke $2 bought back at 1.24.
Im invested in over 20 different Canna stocks and a bunch of the shrooms stocks as well.
I figure drugs have made alot of people alot of money and the price keeps going up lol
You only lose if you sell at a loss or the company goes under.
Still way better odds then the dam casino
I know we have talked about stocks in a few threads, but who here happens to actually have sundial (SNDL), APRU, or BUDZ? Just actually wondering…no idea why.
I have sundial and have bought and sold it several times as it goes up and down, been doing the same with 21st century group and huge , zyne and a few others. Buy low sell high
Hey guys, I’ve been away from OG for a while but I have been keeping up with weed stocks.
My personal favorite is High Tide (HITI or HITIF in the USA).
Canadian retailer, expanding rapidly. They don’t grow at all for as far as I know. They have a couple of store brands: Canna Cabana,META, and a couple others. They also have some accessories selling brands. They just purchased Smoke Cartel for instance.
Still trading on the OTC Markets as of now, but they have their eye on the NASDAQ. Already put in some work to get listed, and might have a reverse split in the future to reach stock price compliance…
Trading at like 60-80 cents. I have a couple, and intend to keep them for a long time.
