Marijuana stocks? | TigerDroppings.com
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WarCamEagle
Auburn Fan
Member since Jun 2011
2033 posts

Marijuana stocks?

Since Washington and Colorado now legalized marijuana is it a good idea to invest in these stocks? What stocks do you guys reccomend?


death valley driver
Duke Fan
CHOPPA CITY
Member since Jul 2004
10948 posts

re: Marijuana stocks?
ERBB


L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
17203 posts

re: Marijuana stocks?
Dvd


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Putty
LSU Fan
Member since Oct 2003
21669 posts

re: Marijuana stocks?
I'm waiting for the Feds to legalize and then MO etc transition from tobacco farming to the sticky icky


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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
27094 posts

re: Marijuana stocks?
I'd start with YUM brands.


Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
487 posts

re: Marijuana stocks?
quote:

I'd start with YUM brands.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
16678 posts

re: Marijuana stocks?
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?


TigerTreyjpg
LSU Fan
Monroe, LA
Member since Jun 2008
5420 posts

re: Marijuana stocks?
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?


Nawlens Gator
Florida Fan
louisiana
Member since Sep 2005
2569 posts

re: Marijuana stocks?

Buy Frito-Lay, maker of Cheeto's


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