Marijuana / Medical Cannabis Industry and Their Stocks

[MJ DeMarco]

As I've mentioned a few years back in several threads (sorry can't find the posts) I believe Cannabis and its medical implications will be the newest big thing and we've already seen it happening in some of the publicly traded stocks.

Are any stocks on your radar?
Any we should watch?
Any you invested in?

Recent upswings have happened in CRON, TLRY, and a few others.

And for all of you that want to invest in marijuana related companies, but don't know where, there's the marijuana ETF, affectionately called "MJ".

As for myself, I was eyeballing "MJ" a few months ago and then forgot about it. Looks like I missed part of a big run.

 

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[minivanman]

Just had a phone meeting this afternoon about this industry. Can't say what we are going to do right now but maybe later I can.... after we present it to them. We hope they are smart enough to see the value in what we have to offer. I said YES before my partner even finished telling me what he was thinking. lol The down side to this is we have 3 more partners but they did all agree. We need them or else we would not have 3 other people. They are top notch.

 

[Bryan James]

As I've mentioned a few years back in several threads (sorry can't find the posts) I believe Cannabis and its medical implications will be the newest big thing and we've already seen it happening in some of the publicly traded stocks.

Are any stocks on your radar?
Any we should watch?
Any you invested in?

Recent upswings have happened in CRON, TLRY, and a few others.

And for all of you that want to invest in marijuana related companies, but don't know where, there's the marijuana ETF, affectionately called "MJ".

As for myself, I was eyeballing "MJ" a few months ago and then forgot about. Looks like I missed part of a big run.

A lot of investor buddies of mine strongly disagree with me on this subject. I am a much more conservative/cautious investor myself and as of now hitting the jackpot on one of these marijuana stocks is like pure speculation. For starters, these companies have only been public for a few years, or even months now, meaning we the public only just recently got the opportunity to find out about the management teams and any of their financials. In addition, so many new companies in this sector continue to pop up and make headlines; I have no clue as of now which company within the next 5 to 10 years will be the top dog or even in the top 3 of the industry. Personally I look for long-term financial consistency in their financial reports for a durable competitive advantage which at this time is pretty much impossible to discern. If anyone out there is planning on investing in any weed stocks, however, just be extremely careful and understand the high risk. Of course, anyone could potentially make a ton of money on the existing public companies out there, it's just something I, being a more conservative investor, personally need to hold out on for the time being. Lastly, the valuations on these companies are extremely alarming: Canopy is a hot stock in this space right now; they have a valuation of $10 BILLION, and last year had a revenue income of $77 million on a net loss of $70 million! Perhaps eventually they could be the "Amazon" or "Apple" of the weed space, but as of now it's an enormous risk. There's just too little predictive control I have in this sector at the moment.