Buying stock in weed?

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68383GTS

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I have buying stock in cannibas. Anybody else buying it? All mine is Canadian companys. What are you thoughts on it. I am thinking stocks have to go up on the long term
 
I think you're probably right, but it is still in its infancy and lots of them are already failing. Once the market is solidly established and it has settled on how many retailers can be supported I think the rewards will be there.
 
I think you're probably right, but it is still in its infancy and lots of them are already failing. Once the market is solidly established and it has settled on how many retailers can be supported I think the rewards will be there.
Is it more the pharmaceutical grower or the retailer failing?
 
I've reduced all my positions to 25%.
I hold Canopy, Aphria, Cronos, Hexo, and Cannabix for pot stks.
I'm playing with house money now, so nothin to lose.
Cannabix is a pot breathalyzer, just got it's patent, and should run for a while .
I'm also in AAPL, AMZN, QS, DOCU, TDOC, ZM, CWH, THO, amongst others, - all pretty much house money ..

HEY DONALD ! ! ! - the stock market is still going up, as it has for the last decade ! !.
DESPITE YOU ! ! !
 
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From what I have seen its the retailer at this point, however I am aware of a couple of plants that were expected to be built but have been canceled or postponed.
 
Taxed to heck. Prices are outrageously high. Some contracts have been cancelled for one reason or another(QC control I believe) The retailers from what I have seen are operational and the "fails" are the growers/contractors.
The Reserves(and black market) have lots of selection and lower prices.
You can buy plants/seeds etc and grow your own legally. Not sure how this would work out for the Gov in the long run?
This is in Canada
 
Oregon and Colorado weed markets have collapsed due to oversupply.

You're about 5 years too late. As more states get it, the less it's worth. Long-term the biggest companies will make money but when most states are allowing you to grow your own, that's probably limited, too.

Invest in lead and brass. Goes up every four years, and you can turn it into food if you need to.
 
Why pay for it, when you can get it free anywhere...
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Oh hell no!
I've dabbled at the edges of the industry since before it was legalized in my state. There are far too many variables to invest in this business. One flaky executive seems to bring the most professional cannibas business to its knees. Supply often far outpaces demand, leaving the bud company with too much inventory. Overly zealous gov't regulation and taxation make the most sure fire business plans barely break even.
After eight years of legalization, I've seen very few companies actually turn a profit. The best most bud businesses can hope for is to be bought up by the few corporations who have waxed the correct politician's hands. But maybe it is different for the Canucks?
 
I have been watching KERN. It's been bouncing between $2 and $10. It's a software package for cradle to grave tracking of the cannabis products by the feds or any authority having jurisdiction. It could become the go to software in an ever increasing market. Don't own any yet but my guy is looking at it for me. I don't own any of the production stocks though.
 
I work in the Pharmaceutical industry and specifically with two companies developing CBD and THC drug products. No way in hell would I invest in weed companies. The regulatory playing field is full of land mines and the rules keep changing daily. I saw one company bring $20 million in CBD into Canada only to have the government shut them down a few weeks later telling them that they couldn’t use it in product manufacturing, only research. They went bankrupt overnight.

The weed industry is like the California Gold Rush, with losers out numbering winners 50:1 on any given day. The difference with weed is that the Governments can say at any moment that you can’t do anything with it. Gold never had that problem.
 
I missed my penny stock company Frontier Communications when it was .02 a share. Now it's .50 a share. Not a bad bump for someone who bought 500 bucks worth of it whe it was 2 cents! Sadly it wasn't me.....how does a huge telco company get down to .02 a share? No weed stock for me. When it's legal. It can be grown by anyone and its literally a weed, grows very well.
 
I couldn't believe how cheap it was in Blaine Washington when I was there. And strong. I'm not sure how their laws and taxes are structured, but they have been making a killing for the states end of the revenue stream. The seller at the shop wasn't upset at all, he was equally stoked. If you can buy alcohol, I don't see any reason why you can't buy marijuana. There are stupid people that will consume both, but we don't judge the product only base on those individuals, do we? Marijuana isn't illegal because it's dangerous, it's because the government can, and has been profiting from it for decades. And they will as each state rules in favor of legalizing it. And if Uncle Joe gets his way, it will finally be legal on the federal level. Good for my friends on the west coast.
 
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