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Medical Cannabis Industry and Their Stocks

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by MJ DeMarco, Sep 5, 2018.

  1. HotRocket
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    HotRocket New Contributor Read Millionaire Fastlane

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    TRST:TSX/CNTFF:OTC (CannTrust) is my largest position and seems very strong relative to peers and their market caps
     
  2. Angelic
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    I like NXTTF. They're basically trying to be the Amazon of weed. Definitely has huge potential.
     
  3. 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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    Jeff Sessions resigns, great news for cannabis stocks and getting the industry de-stigmatized. Immediate reaction on stocks.
     
  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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    It will be legal everywhere in the USA by 2021.
     
  5. 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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  6. healthsupps
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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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    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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  8. 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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  9. bringitnow28329
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    bringitnow28329 Bronze Contributor

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    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.
     
  10. MoreVolume
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    MoreVolume Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    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
     
  11. NewManRising
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    NewManRising Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    I got a little it of Aurora. Just letting it sit for the long term. Didn't risk a lot.
     
  12. 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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    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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  14. Roli
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    Roli Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Brilliant quote.
     

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