HOT TOPIC Marijuana / Medical Cannabis Industry and Their Stocks

[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 ?

 

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[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

 

[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.

 

[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

 

[NewManRising]

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

 

[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.

 

[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.

 

[Roli]

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

Brilliant quote.

 

[JohnBuffet]

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

 

[Ryan Howard]

My dad and I have a strictly high risk portfolio that’s all marijuana stocks. Canopy growth has done wonders for us. Bought in at $5 it’s sitting right around $43 right now. We also have planet 13 stock which is super cheap right now sitting at about $1.50 but their vision is in the long game it’s basically like a marijuana entertainment center and the biggest dispensary in the world. Also got into MedMen pretty early

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

 

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[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.

 

[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.

 

[MJ DeMarco]

Good day for MJ, double-entendre included.

 

[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.

 

[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.

 

[Bryan James]

ACB (Aurora) looks like a relatively strong stock with a pretty decent competitive advantage, given its sector. I bought in a few months ago at $7, currently at $9. Going long on it, so far haven't been disappointed.

 

[ZeroTo100]

$CTST really woke some people up...

However, I’m a buyer when there is blood in the streets!

Bought back some $tgodf today. Shares are super cheap...I’ve sold this in the 4s

Also looking to add some more $pyx and I really like $cwbhf $grwg and $ogi

Love the buying opportunities here. Anybody here getting your hands in anything?

 

[MJ DeMarco]

ACB report bad quarterly results.

Aurora stock plunges 11% as cannabis producer scales back expansion amid declining revenue

Aurora Cannabis Inc. reported a 19% sequential decline in revenue, reporting sales of C$75.3 million ($56.8 million) versus C$98.9 in the previous quarter,...

www.marketwatch.com

The industry continues to take a beating.

What's happening in the cannibis world? Are sales flatlining? Did expansion happen too fast, like the dot-com era?

 

[ZeroTo100]

ACB report bad quarterly results.

Aurora stock plunges 11% as cannabis producer scales back expansion amid declining revenue

Aurora Cannabis Inc. reported a 19% sequential decline in revenue, reporting sales of C$75.3 million ($56.8 million) versus C$98.9 in the previous quarter,...

www.marketwatch.com

The industry continues to take a beating.

What's happening in the cannibis world? Are sales flatlining? Did expansion happen too fast, like the dot-com era?

basically, Canadian govt is slow with retail rollout. Only 24 outlets opened. My understanding is 2020 will have close to 1000. It’s legal and was a great marketing story but companies outpacing govt - demand is there but consumers have nowhere to shop, the OCS is dreadful to deal with, it’s a nightmare. the street is super impatient- everyone wants to see blow out numbers but people are starting to realize we are a year or two away. MJ is only in its infancy right now but major corrections are happening. Honestly, I wouldn’t even call it a bear market - it’s a bubble. One stock I’m down 77% ($17k). Should have had stops in but I didn’t and was traveling.Hoping we beat tax season or another round is coming. It’s ugly but patience will set us free.

 

[MJ DeMarco]

Looks like a House panel gave the industry a little fodder to nibble on...

 

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[absolomon]

Looks like a House panel gave the industry a little fodder to nibble on...

Now it just has to go through Senate

 

[Bryan James]

@absolomon Did you post this at 4:20 on purpose lol

 

[tylerwilkinson]

Today was a good day if you haven’t been holding a lonnnnng time.

 

[MJ DeMarco]

Cannabis stocks rocked as FDA warning undermines case for CBD investments

Oh No! The FDA has ruled that CBD can be dangerous! Must stop buying it because the all-knowing FDA says so!

Cannabis stocks rocked as FDA warning undermines case for CBD investments

Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it...

www.marketwatch.com

I wonder who issued that conclusion, the Pfizer or the Merck executive?

LOL.

 

[ZeroTo100]

Cannabis stocks rocked as FDA warning undermines case for CBD investments

Oh No! The FDA has ruled that CBD can be dangerous! Must stop buying it because the all-knowing FDA says so!

Cannabis stocks rocked as FDA warning undermines case for CBD investments

Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it...

www.marketwatch.com

I wonder who issued that conclusion, the Pfizer or the Merck executive?

LOL.

they are all frauds, the biggest being Canaccord.