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What are your thoughts on marijuana stocks?
Posted on 1/10/14 at 10:31 pm
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.
7
Posted on 1/10/14 at 11:02 pm to jmarto1
A lot of smoke to sift through but no telling how high they can get.
Ask some buds about it.
Ask some buds about it.
Posted on 1/10/14 at 11:04 pm to jmarto1
I had some thoughts about this but I forgot what they were.
Posted on 1/10/14 at 11:18 pm to jmarto1
I just buy Frito-Lay.
Posted on 1/10/14 at 11:33 pm to LSURussian
They're gonna grow. Pun intended.
I'd invest in the company who makes Funyons too..Frito lay?
I'd invest in the company who makes Funyons too..Frito lay?
Posted on 1/11/14 at 2:22 am to jmarto1
Doritos
Taco Bell
preferably taco bell since they have Dorito tacos
Taco Bell
preferably taco bell since they have Dorito tacos
Posted on 1/11/14 at 8:42 am to Walking the Earth
quote:
A lot of smoke to sift through but no telling how high they can get. Ask some buds about it.
Great work, sir
Posted on 1/11/14 at 9:53 am to jmarto1
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 on 1/11/14 at 10:15 am to tigers102886
Didn't know about Washington. I thought about getting a couple penny stocks with some money that I don't care about losing. I looked up GW Pharm and they were up $41 per share.
Posted on 1/11/14 at 11:21 am to jmarto1
No definitive date for Washington yet, but supposed to be some time in June. All the penny stocks follow marijuana news. The increased dramatically when Colorado and Washington voted to legalize a year ago, increased again when Colorado began selling, so I assume the same pattern will occur with Washington.
Posted on 1/11/14 at 12:10 pm to Ray Finkle
quote:
I'd invest in the company who makes Funyons too..Frito lay?
Open a pizza joint that delivers chips as well in Denver. Manning was ahead of the curve I guess?
Posted on 1/11/14 at 2:43 pm to S
Definitely seems like a play money type of investment. Hit a profit and take what you got and don't complain.
Posted on 1/11/14 at 3:15 pm to htownjeep
quote:
Manning was ahead of the curve I guess?
it all makes sense now
Posted on 1/11/14 at 10:25 pm to jmarto1
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 $$$
After all, pot is still against federal law.
So, why should a regulated stock exchange feel comfortable trading their shares?
Banks reject pot $$$
Posted on 1/11/14 at 11:43 pm to TrueTiger
The federal gov't will just keep that law in their back pocket at this point. Run your dispensary on the straight and narrow and you should be fine. The amount of money coming in is changing attitudes pretty quickly.
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