Weed Money!

[The_Dude]

I reasonably expect the prohibition on marijuana to meet its end in the next 12-24 months. As such, and with obvious recognition to the potential of the ultimate cash crop, I’m looking to get in now to buy stock in cannabis companies. I’m also a financial dummy. Suggestions or thoughts on the potential? 

[Ann]

You are a bit behind as it has been a hot/cold sector. As each new state approves it, the stocks go up and down.

Tilray (TLYR)
Aurora Cannabis Inc (ACB)
Charlotte's Web Holdings Inc (CWBHF)

10 Marijuana Stocks Reddit is Buying Amid New Federal Marijuana Legalization Bill

[Koko]

2 hours ago, The_Dude said:

I reasonably expect the prohibition on marijuana to meet its end in the next 12-24 months. As such, and with obvious recognition to the potential of the ultimate cash crop, I’m looking to get in now to buy stock in cannabis companies. I’m also a financial dummy. Suggestions or thoughts on the potential? 

 

My brother has had some success in some pot investing (he doesn't put much in, but it had been gaining last time I knew).

 

You have to be very careful where you invest, though. I would avoid companies in states like California (and likely NY) that will overregulate the industry to the point where the black market is the only place pot growers/dealers make a profit.

[The_Dude]

20 minutes ago, Koko said:

 

My brother has had some success in some pot investing (he doesn't put much in, but it had been gaining last time I knew).

 

You have to be very careful where you invest, though. I would avoid companies in states like California (and likely NY) that will overregulate the industry to the point where the black market is the only place pot growers/dealers make a profit.

Great point on NY and California. Will focus on Colorado companies. 
 

Im gonna sell my AMC stock and use them dollars on weed monies. 

[The_Dude]

1 hour ago, Ann said:

You are a bit behind as it has been a hot/cold sector. As each new state approves it, the stocks go up and down.

Tilray (TLYR)
Aurora Cannabis Inc (ACB)
Charlotte's Web Holdings Inc (CWBHF)

10 Marijuana Stocks Reddit is Buying Amid New Federal Marijuana Legalization Bill

Thanks for the Reddit link, Ann!

[KD in CA]

Do any of them pay quarterly dividends in flower?

[devnull]

Cannabis stocks seem to have gone up in a puff of odd smelling smoke within the last year.

 

Is it time to light up or let it just kinda chill?

Edited July 27, 2023 by devnull

[Koko]

16 hours ago, devnull said:

Cannabis stocks seem to have gone up in a puff of odd smelling smoke within the last year.

 

Is it time to light up or let it just kinda chill?

 

Too many stoners thinking they can make a buck flooded the markets, and too many regulations and fees imposed by states for it to be financially viable.

 

Meanwhile, the local black market weed dealer is still going strong.