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Most liked posts in thread: Medical Cannabis Industry and Their Stocks

  1. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    It will be legal everywhere in the USA by 2021.
     
  2. Jakeeck
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    Jakeeck Silver Contributor Read Millionaire Fastlane Speedway Pass

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    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.
     
  3. topherea
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    topherea Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    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.
     
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  4. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    I have small positions in :

    CRON
    ACBFF
    APHQF
    GTBIF
    OGRMF
     
  5. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Jeff Sessions resigns, great news for cannabis stocks and getting the industry de-stigmatized. Immediate reaction on stocks.
     
  6. Vigilante
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    Vigilante Legendary Contributor Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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  7. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Holy sh*t, 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...
     
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  8. garyfritz
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    garyfritz Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Summit Attendee

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    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.
     
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  9. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    minivanman Gold Contributor Speedway Pass

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    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.
     
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  11. Bryan James
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    Bryan James Bronze Contributor Speedway Pass

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    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.
     
  12. ApparentHorizon
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    ApparentHorizon Gold Contributor Speedway Pass

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    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.
     
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  13. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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  14. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Stock halted for trading multiple times today (5 freaking times!) ... hit a high of 300. :oops:
     
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  15. rootexcess
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    rootexcess New Contributor

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    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.
     
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  16. Raoul Duke
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    Raoul Duke The .45 longslide, with laser sighting. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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  17. theresgot2bemore
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  18. sparechange
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    sparechange Gold Contributor Speedway Pass

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    murica, where ya goto jail for smoking a joint but are allowed to walk around walmart with an AK47
     
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  19. healthsupps
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    healthsupps Contributor FASTLANE INSIDER

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    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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  20. Angelic
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    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.
     
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    Ama New Contributor

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    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.
     
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  22. Jaden Jones
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    Jaden Jones Igloo Builder Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I own stocks in Aurora (ACB) and Green Organic (TGOD). I have had ACB since it was about $4, I really should have sold when it hit $14, but Im still up. Ive done quite well selling options on it and I think it will still go up. I bought TGOD when it was rumoured ACB was going to buy them, it never happened, but Ive still made some gains on it. I still think there is tonnes of room to grow, at least with the big players. It might be too late in the game for any up and comers though.
     
  23. Timmy1990
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    I only own AC8 ASX listed.
     
  24. Vigilante
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