re: Let’s talk weed stocks in this thread

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Think about it like this: Marijuana is an industry that is about to completely explode. Think "90's internet" type of explosion. There's a million different ways to make money in this, as a company. Grow hemp for paper and clothes, grow hemp for CBD oil, make medicinal products, make recreational products, invent new strains, invent new delivery methods, gummies, vapes, etc. Company A makes the best vapes, company B has the best way to buy online, company C grows the best plants...... Just like the 90's internet, lots of companies are gonna have good ideas and fail to execute. Companies will start out with nothing and become a giant. Other players will unsuccessfully enter the market while others do well. So, right now you have a lot of guys forming companies using the 1990's playbook. They're making IPOs, will pocket the money, and move on to the next company. You also have guys buying these stocks using the crypto currency pump and dump style schemes. go over to /weedstocks on reddit and it's nothign but guys pumping various stocks. In 10-15 years, it'll be fleshed out. If you're lucky, one of the stocks you buy today will end up being the next RJ Reynolds or InBev of Weed. Right now, it's a crapshoot.

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Well said. I don't know if it will explode like the dot com bubble, but agree that is ripe for outsized growth. So, I think if you can avoid the landmines (i.e. fraud and stock price manipulation), you can make outsized returns over the long run.