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Cannabis stocks...are they a buy?
Posted on 1/28/17 at 7:18 pm
Posted on 1/28/17 at 7:18 pm
With marijuana becoming legal in 29 states, are there any publicly traded companies involved in the growing or dispensing of cannabis. Seems this is a market with lots of upside.
5
Posted on 1/28/17 at 7:38 pm to samson73103
Not really but here are some to look at that would be good speculation for grow infrastructure.
IIPR- medical grow reit. With a focused plan of triple net lease backs. Brand new though and highly risky.
SMG- probably the best bet they're gonna try and be the big dog of your grow supplies from light to soil to hydroponics.
There also is one pharma play into cannabis which is
GWPH- I always think about buying some of this but seems still pretty risky for my tastes and plenty of marijuana excitement baked into the price already.
Everything else I've seen are penny stocks and not worth mentioning.
IIPR- medical grow reit. With a focused plan of triple net lease backs. Brand new though and highly risky.
SMG- probably the best bet they're gonna try and be the big dog of your grow supplies from light to soil to hydroponics.
There also is one pharma play into cannabis which is
GWPH- I always think about buying some of this but seems still pretty risky for my tastes and plenty of marijuana excitement baked into the price already.
Everything else I've seen are penny stocks and not worth mentioning.
Posted on 1/28/17 at 9:46 pm to samson73103
The market is still very much in its infancy if you ask me. Any investing done will be pure speculation and high risk.
The input costs I've read about to grow it on any sort of commercial scale are high and regulation is strict. There are supply chains to build, major distributors (such as grocery stores/pharmacies) need to buy in, and perhaps most importantly there is still a stigma attached to it that will inhibit market growth for a while yet.
All of this is to say that even though the government is coming around to the idea that doesn't mean the market will start booming overnight. None of that sounds like an appealing buy to me.
The input costs I've read about to grow it on any sort of commercial scale are high and regulation is strict. There are supply chains to build, major distributors (such as grocery stores/pharmacies) need to buy in, and perhaps most importantly there is still a stigma attached to it that will inhibit market growth for a while yet.
All of this is to say that even though the government is coming around to the idea that doesn't mean the market will start booming overnight. None of that sounds like an appealing buy to me.
This post was edited on 1/28/17 at 9:50 pm
Posted on 1/29/17 at 6:59 am to samson73103
SMG....Scotts Miracle Grow...I've enjoyed the ride.
Posted on 1/30/17 at 10:17 am to samson73103
Lots of upside and LOTS of risk. If you get the right one(s) you will be smiling. I'm holding on to a 50% ride on CBDS since December and still hanging on. It has retreated from over 100% gain last week. I've got some play money in a basket of potential players. Waiting on SMG to move back down to below $90 and I will enter a position.
APHQF
TWMJF
ACBFF
INSY
CBDS
GWPH
SMG
APHQF
TWMJF
ACBFF
INSY
CBDS
GWPH
SMG
Posted on 1/30/17 at 1:23 pm to samson73103
IMO, industrial hemp is as much of a slamdunk as you can find.
I really like HEMP Inc. as they are an industrial grower. It is a penny stock.
I really like HEMP Inc. as they are an industrial grower. It is a penny stock.
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