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What are your thoughts on marijuana stocks?

Posted on 1/10/14 at 10:31 pm
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
34065 posts
Posted on 1/10/14 at 10:31 pm
I saw some threads in the search but they were a few months old. Now that we are past legalization where do you think this is going? It looks like GW pharm took a nice jump. I'm starting to think that there will be a bubble similar, but not as big, as the tech bubble. People buying whatever stock is associated with it and buying complete crap for the most part.
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 1/10/14 at 11:02 pm to
A lot of smoke to sift through but no telling how high they can get.

Ask some buds about it.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/10/14 at 11:04 pm to
I had some thoughts about this but I forgot what they were.
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 1/10/14 at 11:18 pm to
I just buy Frito-Lay.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/11/14 at 2:22 am to
Doritos
Taco Bell



preferably taco bell since they have Dorito tacos
Posted by tigers102886
Member since May 2008
1227 posts
Posted on 1/11/14 at 9:53 am to
Marijuana Stocks are primarily penny stocks right now. With Colorado beginning to sell recreational marijuana on January 1, the stocks soared 200%-400% in a few days based upon that and not any actual company news. The stocks have since plummeted and will probably continue to fall. If you really wanted to gamble on these penny stocks, my suggestion would be to wait until April/May, buy when they are all really low, and then sell in June when the state of Washington begins selling marijuana recreationally.
Posted by S
RIP Wayde
Member since Jan 2007
155917 posts
Posted on 1/11/14 at 1:38 pm to
my sister did well with PHOT last week, different story this week

LINK
This post was edited on 1/11/14 at 1:40 pm
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68227 posts
Posted on 1/11/14 at 10:25 pm to
I saw this article about banks not dealing with pot dealers for fear that fedgov bank regulators might shut them down for aiding and abetting federal criminals.

After all, pot is still against federal law.

So, why should a regulated stock exchange feel comfortable trading their shares?

Banks reject pot $$$
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