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Marijuana stocks?

Posted on 11/6/12 at 11:35 pm
Posted by WarCamEagle
Member since Jun 2011
2189 posts
Posted on 11/6/12 at 11:35 pm
Since Washington and Colorado now legalized marijuana is it a good idea to invest in these stocks? What stocks do you guys reccomend?
Posted by death valley driver
CHOPPA CITY
Member since Jul 2004
11591 posts
Posted on 11/7/12 at 12:28 am to
ERBB
Posted by L S Usetheforce
Member since Jun 2004
22745 posts
Posted on 11/7/12 at 6:14 am to
Dvd
Posted by Putty
Member since Oct 2003
25482 posts
Posted on 11/7/12 at 9:54 am to
I'm waiting for the Feds to legalize and then MO etc transition from tobacco farming to the sticky icky
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 11/7/12 at 11:21 am to
I'd start with YUM brands.
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 11/7/12 at 1:24 pm to
quote:

I'd start with YUM brands.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 11/7/12 at 1:38 pm to
Growing and selling marijuana are still crimes per the federal government. The Internal Revenue Code specifically prohibits deductions for expenses incurred in criminal enterprises. So any company engaged in growing and/or selling marijuana will have to pay income tax on its gross sales. Are you sure you want to invest in an activity that pays 35% of gross revenues to the IRS before it pays any of its operating expenses?
Posted by TigerTreyjpg
Monroe, LA
Member since Jun 2008
5815 posts
Posted on 11/7/12 at 2:20 pm to
quote:

Are you sure you want to invest in an activity that pays 35% of gross revenues to the IRS before it pays any of its operating expenses?


Are you sure you want to invest in a company run by potheads, no matter what the tax structure is?
Posted by Nawlens Gator
louisiana
Member since Sep 2005
5827 posts
Posted on 11/7/12 at 2:41 pm to

Buy Frito-Lay, maker of Cheeto's
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