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General thoughts on Cannabis investments
Posted on 11/6/20 at 2:53 pm
Posted on 11/6/20 at 2:53 pm
Looking for some lively discussion as we creep through the end of a Friday.
Talking with a friend and he starts in on with all the legalization he thinks Cannabis companies have some upside. Just for fun I look into the “market” and it is all over the place and who knows what is what. It looks like everything has dropped significantly since inception.
I think there are better ways to make money, and told my friend he’s better off selling on the street if he wants a risk reward play with a high enough reward. Hahaha
Any thoughts on the market?
Talking with a friend and he starts in on with all the legalization he thinks Cannabis companies have some upside. Just for fun I look into the “market” and it is all over the place and who knows what is what. It looks like everything has dropped significantly since inception.
I think there are better ways to make money, and told my friend he’s better off selling on the street if he wants a risk reward play with a high enough reward. Hahaha
Any thoughts on the market?
This post was edited on 11/6/20 at 3:03 pm
12
Posted on 11/6/20 at 3:00 pm to TigerGrad2011
Sure...if you want to make real money, open a dispensary. There is also money to be made in testing facilities because every product sold legally has to be tested.
Posted on 11/6/20 at 3:59 pm to AUHighPlainsDrifter
Bigger money in cultivation if you’re in a medical only state. If you have a dispensary you need rec retail to make real money. Or so I’ve been told.
Posted on 11/6/20 at 4:00 pm to TigerGrad2011
Invest like during the Gold Rush. Most miners went bankrupt. Money was made with the equipment miners used.
Posted on 11/6/20 at 4:42 pm to stoms
quote:
Bigger money in cultivation if you’re in a medical only state. If you have a dispensary you need rec retail to make real money. Or so I’ve been told.
Sounds about right since the states tax the shite out of it. I have a buddy in Bozeman that has been in the cultivation business for a looong time. He's about to open a dispensary there as well. That's where the real money is at...vertical integration.
Posted on 11/6/20 at 4:53 pm to TigerGrad2011
Get your own dispensary.
Otherwise, it's a crapshoot. No real way to evaluate these companies.
Otherwise, it's a crapshoot. No real way to evaluate these companies.
Posted on 11/6/20 at 5:56 pm to TigerGrad2011
You missed it.
Posted on 11/6/20 at 6:47 pm to TigerGrad2011
if you are talking about buying cannabis stocks, now is the time.
if you are talking about starting a cannabis business, that time has passed
very shortly big tobacco will take over and that will be that
if you are talking about starting a cannabis business, that time has passed
very shortly big tobacco will take over and that will be that
This post was edited on 11/6/20 at 6:48 pm
Posted on 11/7/20 at 3:37 am to TigerGrad2011
Made out good the past couple days on ACB. It jumped the most out of the ones I have saved. It will run again if they mention legalization or anything.
Posted on 11/8/20 at 7:27 pm to TigerGrad2011
It’s all about the shroom stocks now. mind medicine and compass
Posted on 11/8/20 at 10:28 pm to AUHighPlainsDrifter
AUHighPlainsDrifter
You sure do know a lot about the topic. :)
quote:
Sure...if you want to make real money, open a dispensary. There is also money to be made in testing facilities because every product sold legally has to be tested.
You sure do know a lot about the topic. :)
Posted on 11/10/20 at 6:22 pm to cgrand
My question about these kind of stocks is do you want to buy a Canadian company such as ACB, CGC, or TLRY?
Or would you want to go with an American company such as CRLBF, CURLF, or GTBIF?
The Canadian companies are already listed in the NYSE, but the US companies are still OTC. Doesn't make any sense to me on why that is.
I really think once the US atleast decriminalizes Marijuana that these US based companies will skyrocket. And also if the Senate ever gets their heads out of their asses and passes the SAFE banking act to allow access to banking and credit and the like.
I think this will happen sooner rather than later (not necessarily because of a Biden presidency, that should help though) but because of states desperately needing more money.
Or would you want to go with an American company such as CRLBF, CURLF, or GTBIF?
The Canadian companies are already listed in the NYSE, but the US companies are still OTC. Doesn't make any sense to me on why that is.
I really think once the US atleast decriminalizes Marijuana that these US based companies will skyrocket. And also if the Senate ever gets their heads out of their asses and passes the SAFE banking act to allow access to banking and credit and the like.
I think this will happen sooner rather than later (not necessarily because of a Biden presidency, that should help though) but because of states desperately needing more money.
Posted on 11/10/20 at 6:59 pm to LSUBanker
quote:
Invest like during the Gold Rush. Most miners went bankrupt. Money was made with the equipment miners used.
So, Grow Generation?
Posted on 11/10/20 at 9:01 pm to BigOrangeBri
quote:
So, Grow Generation?
That's the one I'm in. It appears they're executing the expansion plan nicely and aren't directly affected by adverse legislation
Posted on 11/11/20 at 7:42 am to Ballstein32
the house is expected to take up MORE this week. Senate is sitting on SAFE. We need strong support from the chief executive to push these through
this is what the people want
this is what the people want
Posted on 11/11/20 at 8:24 am to TigerGrad2011
Almost a page and no mentions of the allstar cannabis stock the MB has stamped and certified?
LVVV?
LVVV?
This post was edited on 11/11/20 at 8:24 am
Posted on 11/11/20 at 10:18 am to TigerGrad2011
Cannabis investing has not gone well for me. So I bowed out.
Posted on 11/11/20 at 11:50 am to Hazelnut
quote:
Cannabis investing has not gone well for me. So I bowed out.
we all got burned.
if buying now, stops need to be nut-hugging tight
Posted on 11/11/20 at 11:56 am to TigerGrad2011
The underlying problem with Cannabis growing companies----soon there will be too much production.
Many people see the relaxing of laws concerning cannabis as being good for the existing companies in the production business. The reality is that it will be their death.
When Texas or even Louisiana allows anyone to produce cannabis then cannabis will become a commodity just like corn. The RIO Grande Valley of Texas could provide all the demand for cannabis for the entire USA easily. These greenhouse growers will not stand a chance.
No one has established a cannabis brand that cannot be taken down with cheaper dope.
Many people see the relaxing of laws concerning cannabis as being good for the existing companies in the production business. The reality is that it will be their death.
When Texas or even Louisiana allows anyone to produce cannabis then cannabis will become a commodity just like corn. The RIO Grande Valley of Texas could provide all the demand for cannabis for the entire USA easily. These greenhouse growers will not stand a chance.
No one has established a cannabis brand that cannot be taken down with cheaper dope.
This post was edited on 11/11/20 at 11:58 am
Posted on 11/11/20 at 12:09 pm to JDGTiger
quote:
When Texas or even Louisiana allows anyone to produce cannabis then cannabis will become a commodity just like corn. The RIO Grande Valley of Texas could provide all the demand for cannabis for the entire USA easily. These greenhouse growers will not stand a chance.
the bolded part is true...for mass market cannabis
there will still be a massive market for luxury cannabis.
old crow vs pappy van winkle
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