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re: Cannabis stocks...are they a buy?
Posted on 1/29/17 at 3:47 pm to Decisions
Posted on 1/29/17 at 3:47 pm to Decisions
Seeing as it's high risk, given current regulations. Is there ever a tipping point where you think it might be a good point to jump in? I just see so much potential in this area but just seem to be skeptical to put anything significant into it.
Posted on 1/30/17 at 10:27 am to TheDre
I'd monitor government ag policy and regulations closely as they're going through if you really want to jump out ahead. Talk to some farmers. Those in vegetable and tobacco cropping strike me as the best prepared to jump into it. See what they think needs to happen.
If they ever deregulate it enough to where your average Joe farmer can jump in and start growing it as well then you'll have something. Right now it's just major corporations and hobbyists. There's not enough supply to feed any major distribution.
If I was a betting man I would put this market's timeline on a decade or so. Maybe even a bit more. There's just no knowledge on commercially growing it or infrastructure and machinery to facilitate getting it to market yet (i.e. John Deere and co. won't have a mj harvester on the market for a while).
But hey, I've been wrong before. And I'm mainly discussing the building of a sustainable and healthy economy. Fundamentals. Stocks often move in complete ignorance of fundamentals due to excitement, speculation, or fear. I'm sure there will be money made on those movements in the meanwhile.
If they ever deregulate it enough to where your average Joe farmer can jump in and start growing it as well then you'll have something. Right now it's just major corporations and hobbyists. There's not enough supply to feed any major distribution.
If I was a betting man I would put this market's timeline on a decade or so. Maybe even a bit more. There's just no knowledge on commercially growing it or infrastructure and machinery to facilitate getting it to market yet (i.e. John Deere and co. won't have a mj harvester on the market for a while).
But hey, I've been wrong before. And I'm mainly discussing the building of a sustainable and healthy economy. Fundamentals. Stocks often move in complete ignorance of fundamentals due to excitement, speculation, or fear. I'm sure there will be money made on those movements in the meanwhile.
This post was edited on 1/30/17 at 10:30 am
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