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.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vigilante]

It will be legal everywhere in the USA by 2021.

 

[Jakeeck]

I do a lot of copywriting for startups and you wouldn't believe how many people are coming to me to write for their new marijuana business in the past month.

It's even more than the crypto requests I got back when that had its blowup.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Guest3722A]

A buddy of mine said he put $20k into this industry and turned it into $250k and then recommended this list of Canadian companies:
SPLIF

MGCLF

ACBFF

APHQF

OGRMF

TWMJF

CGC

FUAPF

Some are penny, most are pink sheet. One or two I believe got placed on the Nasdaq.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Jeff Sessions resigns, great news for cannabis stocks and getting the industry de-stigmatized. Immediate reaction on stocks.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Ha Ha Ha, so all it took was weed to get Congress to finally work together in a bipartisan fashion?

https://www.marketwatch.com/story/cannabis-stocks-lower-as-investors-await-the-fate-of-the-states-act-2019-04-08

I'm thinking it will pass.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Tilray is going nuts.

Stock is up nearly 30% today into the 150's, was already up massively... started around the 25 range.

Holy shit, and today it (TLRY) is up another 45%, $225 as I post...

A $25,000 investment back when it was $25 is now worth $225,000.

Millionaires are being made, assuming they sell somewhere before it pulls back...

 

[Vigilante]

I have small positions in :

CRON
ACBFF
APHQF
GTBIF
OGRMF

 

[garyfritz]

Bigger concern IMO is picking the winners. There were dozens of car companies back in the first half of the 20th century, but 90% or more went bust, and their stock was worthless. Doesn't help to pick the right race if your horse dies halfway through. There will be a LOT of "dead horses" as the industry shakes out. I'd be careful.

 

[MJ DeMarco]

Shaping up to be the Theranos for the Cannabis industry...

Fraud, bro-marketing, backyard garages, shell companies...

The collapse of this cannabis stock offers a valuable lesson to every investor

 

[MJ DeMarco]

Infuriating, we can't allow these small entrepreneurs to take advantage and possibly make the money, lets route everything through the FDA so we can guarantee that the right lobbyists, corporations, and politicians make the money.

 

[Vigilante]

Can Canopy Growth Corp. Maintain a $10 Billion Market Cap?

 

[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.

 

[ApparentHorizon]

Long hedge $MJ against short tobacco ($MO, $PM, $BTI) if that counts. All on 4/19. Wasn't going to wait that extra day until 4/20.

$MO is about to bite me again at 61, but the other 3 are covering well.

I'm scared of gov't action to get into any one medical cannabis stock.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Tilray stock rises 10% on plans to import cannabis to U.S. for clinical trial

Tilray is going nuts.

Stock is up nearly 30% today into the 150's, was already up massively... started around the 25 range.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

Holy sh*t, and today it (TLRY) is up another 45%, $225 as I post...

Stock halted for trading multiple times today (5 freaking times!) ... hit a high of 300.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[rootexcess]

Why not apply for a legal growing operation and try to grow yourself. In some states you can have 36 plants. Then maybe automate it and sell it as a service to others

Legal cultivation has extremely high overhead and startup costs and it can take a long time to start getting returns. That's assuming everything was plug and play and that's just simply not usually the case. Expenses can stack up quickly in cannabis. Starting any kind of large scale production facility comes with many complexities and nuances. As far as 36 plants, that's not going to make a very good revenue stream. That is an extremely limited plant count.

I would start looking into ancillary markets as well, particularly processing/packaging, extraction and lab equipment. This is where your money is going to be moving forward. As the legal markets stabilize you will see price per unit become competitive and inevitably drop. Still plenty of money to be had by all, but the cannabis black market pricing model is on borrowed time.

 

[sparechange]

murica, where ya goto jail for smoking a joint but are allowed to walk around walmart with an AK47

 

[Angelic]

I got a little it of Aurora. Just letting it sit for the long term. Didn't risk a lot.

I did too. I like the price it's at right now, definitely has room to grow being one of the big names in the industry.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ama]

Hi everyone, what's your investment strategy in mj stocks now? Going long seems dependent on a second wave on more states legalizing medicinal and recreational and which alcohol/tobacco company will buy the company. In 2016, cgc was a good buy because they received huge licensing rights to grow and I remember reading they provided licensing manuals. I don't know how to weigh in at cgc's current market cap. Are there any trends in history we can look at to see how people have reacted to an industry growing dependent on government approvals?

Has anyone here looked into getting a license in their state to become a provider?

There is a namaste tech, but I have no idea what they do. They say they are making a portal for online purchasing and even a medical app of some kind, an online pharmacy fulfillment process? How can we verify? A lot of these mj stocks that have gone to worthless are because of beautiful marketing and no substance.

 

[MJ DeMarco]

Hey all,

with mairjuana become legal in even more states is anyone investing or planning to invest in marinuana stocks? I've been looking at the Cronos stock and it keeps going up. I'd love to hear people's opinions.

Thanks

We have a thread on marijuana stocks, your thread has been consolidated there.

 

[MJ DeMarco]

Good day for MJ, double-entendre included.

 

[Raoul Duke]

CBD Market Will Hit $22 Billion by 2022: Exclusive Look at New Report – Rolling Stone

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[theresgot2bemore]

Jimmy Buffett Is Getting Into the Weed Business With Billionaire Wrigley Gum Heir - Maxim

This should boost up Surterra's, aka Surterra Wellness in FL, stock. Big names are getting involved before the legalization goes through it seems.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[healthsupps]

Do weed stocks look like dot com and blockchain hype to anyone else? No doubt they are going to be massive markets, but are these prices realistic this early on ?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[bringitnow28329]

Shaping up to be the Theranos for the Cannabis industry...

Fraud, bro-marketing, backyard garages, shell companies...

The collapse of this cannabis stock offers a valuable lesson to every investor

This is typical of penny stock companies and yes this is a penny stocks. The only difference is now some of these scams are going public through alternate means and being listed on the big boards instead of the Pinksheets and OTCBB. After the SEC started to crack down on OTC pump and dumps in Novemeber 2013, stock promoters moved on to listed small caps instead. Regardless of the fact that IGC was a scam, it was a great trader while it was moving. The fact is stocks don't generally spike from $1 to $10+ for very long because traders need their funds for the next pump and dump that comes along. You just don't want to be holding these kind of stocks overnight imo. They are for day trading only.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MoreVolume]

I purchased 70 shares in the Canadian company CannTrust Holdings (CNTTF on the stock exchange) a few months back @ $5.83
They seem like one of the few companies who will still be around a decade from now. It seems like they are trying to be the company that is standardized. Exact info on dosage, effects, package weight, etc.

With that being said, I don't expect the stock to do much. I bought it on a 2nd trading account so it wont mess up my great growth percentage from my initial portfolio. LOL

 

[Roli]

Doesn't help to pick the right race if your horse dies halfway through.

Brilliant quote.

 

[CigarMan]

What an incredible week. Took big profit on stocks I bought just last week

Still holding CURA, TRUL, GTII with significant profits.. all three are still blowing up.

I was happy to unload CRON.

I had to unload APHA for several reasons even though there is a good chance it will go higher.

Medmen I sold for small profit after they got hit with another lawsuit.. I was up 14k at one point... also shady trading action going on.

Got frisky and spend 13k on some Canopy puts on Friday... usually I would wait for 1 hour downtrend but everyone is anticipating poor earnings this month and everyone is looking to buy after the earnings and not before. I will add to this position of the 1 hour trend breaks bearish and close the position if it breaks bullish.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.