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Started By
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Is anyone else watching the cannabis industry closely?
Posted on 4/18/18 at 10:53 pm
Posted on 4/18/18 at 10:53 pm
I've been following this GBLX company since they won the bid for Baton Rouge production. I'm a novice seeking advise
LINK
LINK
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Posted on 4/18/18 at 11:37 pm to YogaPants
Where are you able to invest in marijuana? I can’t seem to find any stocks on Robinhood or Vanguard. I would be interested in investing.
Posted on 4/19/18 at 2:20 am to BigOrangeVols
I own a good bit of shares in IGC, CRON, and BPMX. All on robin hood
Posted on 4/19/18 at 7:18 am to YogaPants
Long TWMJF
Posted on 4/19/18 at 7:47 am to YogaPants
much like crypto it's not really ready for prime time. there is a lot of risk especislly with sessions in office.
Posted on 4/19/18 at 7:54 am to YogaPants
there are some very key catalysts coming but not just yet, with the most key being Sessions either resigning or being fired by Trump. the week that happens, expect fireworks for the sector.
Posted on 4/19/18 at 8:15 am to oklahogjr
As an Altria shareholder, hoping they can get into the industry within the next decade.
Posted on 4/19/18 at 8:32 am to BigOrangeVols
quote:
Where are you able to invest in marijuana? I can’t seem to find any stocks on Robinhood or Vanguard. I would be interested in investing.
MJ ETF
Posted on 4/19/18 at 8:49 am to YogaPants
I still say the infrastructure is a ways off for the large-scale volume and business people are wanting to see. The future of this crop is not greenhouse/warehouse farming if it's truly going to blow up.
Posted on 4/19/18 at 10:31 am to Decisions
If legalized, the infrastructure should already be available and/or the capital from big business will roll in. No big companies are going to touch it until it’s legal so it’s no surprise that the industry isn’t at scale.
Posted on 4/19/18 at 10:43 am to lynxcat
Also, have to look at this from a company perspective. Obviously you cannot come to work drunk. If MJ is legalized , you won't be able to come to work high. However, with no good test (like a breathalyzer ) all a company has to do to fire you with cause would be to piss test you, see a positive results , and claim that you were "high". There goes your job.
Posted on 4/19/18 at 10:54 am to crazycubes
quote:
Also, have to look at this from a company perspective. Obviously you cannot come to work drunk. If MJ is legalized , you won't be able to come to work high. However, with no good test (like a breathalyzer ) all a company has to do to fire you with cause would be to piss test you, see a positive results , and claim that you were "high". There goes your job.
They can do that right now.
Once legalized, HR policies will likely follow suit.
Posted on 4/19/18 at 10:59 am to YogaPants
Yeah, I follow it. It is total wild west. I think 2nd and 3rd level plays are the way to go.
Posted on 4/19/18 at 1:44 pm to lynxcat
Some things could be adapted/appropriated quickly such as transplanting, fertilizing, and company buying points.
Other parts will need more time/money: harvesting equipment, on-farm processing and storage, company processing plants, etc.
If it was legalized tomorrow I think farmers and companies could have enough of the details worked out to really have the industry chugging along in....2-3 years, depending on margins and capital availability.
Of course I don't think we're anywhere close to nationwide legalization, so who knows when the clock will start ticking.
Other parts will need more time/money: harvesting equipment, on-farm processing and storage, company processing plants, etc.
If it was legalized tomorrow I think farmers and companies could have enough of the details worked out to really have the industry chugging along in....2-3 years, depending on margins and capital availability.
Of course I don't think we're anywhere close to nationwide legalization, so who knows when the clock will start ticking.
Posted on 4/19/18 at 3:06 pm to brian_wilson
quote:
Yeah, I follow it. It is total wild west. I think 2nd and 3rd level plays are the way to go.
IIPR
Posted on 4/19/18 at 3:49 pm to Decisions
quote:
If it was legalized tomorrow I think farmers and companies could have enough of the details worked out to really have the industry chugging along in....2-3 years, depending on margins and capital availability.
Growing marijuana is distinctly different than growing other crops. Traditional farming models aren't going to work. Grow operations are quite difficult to scale.
source: grow marijuana as a hobby. It isn't that hard to grown, but it ain't growing tomatoes. So much can go wrong.
Posted on 4/19/18 at 4:15 pm to brian_wilson
Where'd you learn all that?
Drug school?!!!
Drug school?!!!
Posted on 4/19/18 at 4:37 pm to whodatigahbait
quote:
IIPR
bought at 17 and sold a while ago.
of course when it goes legal this stock is next to worthless.
Posted on 4/19/18 at 5:07 pm to brian_wilson
quote:
Growing marijuana is distinctly different than growing other crops. Traditional farming models aren't going to work.
What's different about it? I'm genuinely curious.
quote:
Grow operations are quite difficult to scale.
So are vegetables, tobacco, and several other specialty crops. You'd be shocked at the scale some farmers are growing these crops on, though.
quote:
So much can go wrong.
That's farming, alright.
Posted on 4/19/18 at 5:22 pm to brian_wilson
quote:
Grow operations are quite difficult to scale.
what kind of setup are you running? a few grand and I can have you pumping out 8 plants in a closet mostly automated. will require once a day maintenance most likely though....or rather my friends could as i wouldn't do anything illegal
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