Buying stock in weed?

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  1. Ddaddy

    Ddaddy I'm changing the World... one pixel at a time! FABO Gold Member

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    It isn’t up to Joe...it’s up to Congress. And we all know what a can of worms that is...

    I deal with FDA and DEA on a regular basis for CBD and THC and until Congress makes a firm law regarding legalizing weed, it will remain a complete cluster f*ck for business development around it. Further, once FDA approves a Pharmaceutical drug using an active ingredient in weed, no one can legally put it in anything else even calling it a supplement. Just like you can’t put Viagra in Cheerios and call it a supplement.

    The regulatory landscape is a complete nightmare.
     
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    • LocuMob

      LocuMob Fluid Technician FABO Gold Member

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      I know it's up to congress, it's one of Joe's wishes.

      I can imagine what a mess it is behind the scenes.
       
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      • Mouse action

        Mouse action Well-Known Member

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        All my week stock keeps going up in smoke
         
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        • 67/6barracuda

          67/6barracuda FABO Gold Member FABO Gold Member

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          Only because trillions of stimulus is being pumped into it. Wait till the new car smell wears off.
           
        • RustyRatRod

          RustyRatRod I was born on a Monday. Not last Monday. FABO Gold Member

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          ...

           
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          • kursplat

            kursplat FABO Gold Member FABO Gold Member

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            so what about it's straight laced brother hemp? here's a cheap stock for ya
             
          • go-fish

            go-fish Well-Known Member

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            Tell me about it! I get it for free from my wife and I caught a life sentence. 17 years in.:BangHead:
             
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            • MOPARMAGA

              MOPARMAGA FABO Gold Member FABO Gold Member

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              As a recovering addict & bad guy I couldn't make another penny off of any drug & feel good about myself. But best of luck to anyone who does !
               
            • 383Scampman

              383Scampman Well-Known Member

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              Why don't you buy stocks in poison . Much better returns . Come over to my house and I will show you the ashes of my son and grandson who started with weed . How about meth stocks ? Or crack ? I have no use for anyone who profits from someone's misery .
               
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              • Ddaddy

                Ddaddy I'm changing the World... one pixel at a time! FABO Gold Member

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                Hemp is even a worse bet. The market is over-saturated and the only profitable part of it is the CBD they can extract and it faces the exact same regulatory risks I stated earlier. Once FDA gets busy enforcing the CBD restrictions on OTC products resulting from there being approved prescription CBD drug products, hemp is done.
                 
              • 12many

                12many Well-Known Member

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                Two years ago a invested about $3000 in a diverse cannabis portfolio, CBD only (drinks, oils etc) a few recreational use grower companies, packaging companies etc. within a few months i was up over $500 in growth and was getting ready to invest more. Then all of a sudden all of it started to tank to the point my value was at $1500. Dumped All investments , but for Charlottes Web (cbd) and rolled everything into that one. Quickly regained and after factoring transaction fees etc sold it off and got every dime out of the endeavor. Have been watching all the investments that I dumped, including the at the time good performing Charlottes Web, pretty much 80-90% less value now than at the time I dumped them. Phew!!! Too volatile for me (I knew that going in) You got extra money to play with by all means good luck. I’ll stick with my 401k :lol:
                 
              • EvaUnit

                EvaUnit Member

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                Yes. As soon as cannabis was legalized in Canada I started ordering it more often. Cannabis is often prescribed as a treatment to stop various inflammations. The main thing is to write the specific actions of cannabis and how it can help with pneumonia. Then the government will be interested in this idea. When my sister gave up gymnastics, her knee became inflamed (it looked terrible). This was due to the fact, that she began to accumulate fluid in the knee area (I don't remember the exact diagnosis). The doctors took out this liquid with a big syringe, every month. My sister suffered incredibly until one of our friends recommended her to order it at weedsmart.net. She was agreed to everything, and so she ordered cannabis. A month later, the knee began to return to normal and soon the inflammation passed. This situation has radically changed my attitude to cannabis.
                 
                Last edited: Apr 4, 2021
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                • RussellSullivan

                  RussellSullivan FABO Gold Member FABO Gold Member

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                  How can you be asleep if you're standing on the corner all night? :rolleyes:
                   
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                  • DodgeLad

                    DodgeLad Victim of Circumstance

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                    Governor of NM to sign legal recreational weed bill today. It's already medically legal and the stuff is everywhere. Schwag comes up illegally from Old Mexico, lots of local illegal and legal indoor growing, purchased medical MJ making it's around too. Wonder what the difference will be with Big Brother in the mix.
                     
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                    • Mouse action

                      Mouse action Well-Known Member

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                      N.Y. Just got legal,,up to 3oz personal is not a crime,
                      Although I think 3oz is a lot of weed to be walking around with.but hey it’s also legal to change your gender,,,,so what do I know???
                       
                    • cojohnso

                      cojohnso Well-Known Member

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                      Right now? It does appear to disorganized. (Like weed smokers? Lol) I'll wait.
                       
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                      • 68383GTS

                        68383GTS Well-Known Member

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                        I bought some Nio ev stock and a few others.
                         
                      • Idwald

                        Idwald New Member

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                        This is the most profitable investment. Despite all the instability of the stock, you will still remain in the black. Cannabis is needed by most of the population, and therefore it will be constantly bought. For example, my entire entourage constantly buys various cannabis seeds at a bargain price and grows them at home. Only they don't sell it, as it requires a special permit and, in principle, a lot of fuss with the documents. But at the same time, they spend quite a lot of money on cannabis. So consider that you have secured a prosperous old age.
                         
                        Last edited: May 26, 2021
                      • cosgig

                        cosgig MoBro Inc. FABO Gold Member

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                        I’ve been buying stock in weed for years. Not sure how it’s going, but I feel fiiiine!
                         
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                        • K.O. SWINGER

                          K.O. SWINGER Meeting in the alley since 1976

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                          Okay pot has been legal in Oregon for a couple years now the same for Washington state to compare it to opioids is uneducated fear, no one od's from smoking pot. And if you drink alcohol it's pretty hypocritical point of view nobody smokes pot and goes home and slaps there wife around or becomes a belligerent a******or gets pregnant at a way too young of age because somebody convinced her to drink some beers. The list goes on and on if you're honest with yourself. As far as investment it was somewhat lucrative in Oregon for a minute now the market's flooded high quality pot is ridiculously cheap. if you're doing it for investment purposes find somewhere where it's illegal LOL and it's heyday you could literally grow gold the prices were about the same pr ounce. Kids should not smoke it and it should not be available to them !! as far as adults go that's their choice.
                           
                          Last edited: May 23, 2021
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                          • seabee

                            seabee FABO Gold Member FABO Gold Member

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                            I wish that were case. Unfortunately, the US Gov and "Fed" has screwed with gold owners for the last 100+ years. gold-confiscation-poster.jpg We just can't win.
                             
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                            • barbee6043

                              barbee6043 barbee 6043 FABO Gold Member

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                              Dunno. But I hear ya ca buy way cheaper weed in the Ozarks!? And its ORGANIC!
                               
                            • Sublime one

                              Sublime one 72 Demon FABO Gold Member

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                              Well them boys from Oklahoma roll their joints all wrong!
                               
                            • Ron816

                              Ron816 Well-Known Member

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                              I would not want to invest in anything that will add to the deterioration of the United States of America
                               
                            • cosgig

                              cosgig MoBro Inc. FABO Gold Member

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                              • Ludleth

                                Ludleth Member

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                                You see, I do agree with you actually, I also think that on a long term they might be great and have a "boom", that would make the entire world speechless. However, let's be honest, it might happen in a couple of years, but it could also happen in a couple of decades! I do think that it would happen, but not soon, not at all, I would say at least 25 years from now on! I would rather invest those money in some great cbd blunt wraps that would actually help me relax after a really tough working day!
                                 
                                Last edited: Jun 9, 2021
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