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Patrick, the time to get in was when there was anticipation/speculation on legalization.
But which companies to actually get into? Are any of them publicly traded? Prolly can't be, legally.
SMG up 50% in a year
2.00 annual dividend
But cannabis is for stoned losers
I'm not recommending to anybody to buy any of those companies. lol. XXII is relative to me so I count it.
Most have little concept or vision as to the arena they have entered when playing penny poker and in reality
are throwing themselves blindfolded to the lions. It's a tough neighborhood a dirty business and you need
game to enter, survive and thrive.
SMG up 50% in a year
2.00 annual dividend
But cannabis is for stoned losers
OK, SMG looks solid so I bought some. The reasonable p/e and 2% dividend sold me, along with the beautiful trajectory over the years. Thanks for the tip!
One concern is their large debt compared to assets, but given the sustained growth over the years, I think it's probably to such a burden.
Also a positive for me is their headquarters in boring Ohio. Makes them seem more solid and real.
Cannabis may be for stoned losers, but I occasionally use it myself, and am pretty confident it's not terribly harmful. Less harmful than alcohol anyway.
Cannabis may be for stoned losers, but I occasionally use it myself
😮
😎
Patrick, the time to get in was when there was anticipation/speculation on legalization.
Unless you are going long, you're late to the party.
My weed stocks have done well for me overall:
Didn't realize that a glass or two of wine with dinner was actually affecting my sleep negatively. Seemed like too little alcohol to have an effect on sleep, but I was wrong about that.
Yes, even though weed is ultimately a commodity, so are tobacco and alcohol, and they make boatloads of money. Someone just has to come up with a consistently high quality brand of weed and a catchy ad campaign, and that brand will be worth a billion dollars easily.
I've stopped drinking entirely for now in favor of weed (only at night, usually just before bed), and am very happy with the change. Didn't realize that a glass or two of wine with dinner was actually affecting my sleep negatively. Seemed like too little alcohol to have an effect on sleep, but I was wrong about that. Weed has the slight disadvantage that it raises my heart rate a bit, but I sleep extremely well with it anyway. Indica works better than sativa for me.
My weed stocks have done well for me overall:
Symbol TotalChg TotalChg%
APHA -5,641.32 -28.91%
CWBHF +16,827.78 +86.14%
KSHB +3,550.95 +17.66%
CNTTF +4,397.55 +22.79%
Rehabs
Rehabs
Not a good sector IMO, too many players, too much weed. Some are trying to differentiate themselves by going the medically certified CBD route which may be an option.
mell saysNot a good sector IMO, too many players, too much weed. Some are trying to differentiate themselves by going the medically certified CBD route which may be an option.
Would be a nightmare trying to figure out in which weed stocks to invest.
Cannabis is a highly regulated market of varying pockets within jurisdictions. The state jurisdictions don't allow selling over state lines.
What is happening in OR most likely will never happen in IL.
CBD , otoh is almost a national market if not already. A few large companies buying from large, contracted farmers will soon be established much like corn/soybeans.
Price of CBD will be a race to the bottom. Cannabis, within certain jurisdictions will remain expensive and highly regulates.
I'd buy whatever company looks to be winning the CBD race. Probably stay away from cannabis companies unless you take enormous ti...
FortWayneIndiana saysRehabs
If insurance pays for it, the rehab centers can charge $25k for a week long program.
Black market will become equally attractive again, esp
http://www.newsindata.com/home/2017/2/10/retail-marijuana-sales-top-1-billion-in-colorado
#investing