Stock Market

[colin007]

My weed stock (CRON) hasn't being doing shit...took a huge hit and hasn't fully recovered. Fortunately, I have my own weed to fix my blues 🙂

[Yukari]

23 minutes ago, colin007 said:

My weed stock (CRON) hasn't being doing shit...took a huge hit and hasn't fully recovered. Fortunately, I have my own weed to fix my blues 🙂

I think CRESCO labs is vertically integrated.  So I went with them instead.

[DewSweeper09]

On 2/10/2021 at 11:07 AM, Yukari said:

Given many states allowing marijuana use, I invested in some marijuana stocks (Cresco Labs: CRLBF) last year.  It has gone up over 60% since Biden won the election.

They’ve done pretty good lately, but extremely volatile.

It’s reliant on it getting legalized on a federal level. If that happens, watch out. 

[saevel25]

Just now, DewSweeper09 said:

They’ve done pretty good lately, but extremely volatile.

It’s reliant on it getting legalized on a federal level. If that happens, watch out. 

Even then it might turn into a bubble. I would scrutinize each company to make sure they are set up for the long term. I foresee this turning into a situation were maybe Big Pharma comes in and buys these small businesses to get large market share. Or, a few companies soon buy out other ones to consolidate down to a handful of businesses. This seems to be the trend for every industry over time. Long term, you want to be in those companies. 

[DewSweeper09]

2 minutes ago, saevel25 said:

Even then it might turn into a bubble. I would scrutinize each company to make sure they are set up for the long term. I foresee this turning into a situation were maybe Big Pharma comes in and buys these small businesses to get large market share. Or, a few companies soon buy out other ones to consolidate down to a handful of businesses. This seems to be the trend for every industry over time. Long term, you want to be in those companies. 

Very possible. I don’t really invest in weed stocks. I threw a few grand at an etf called MJ. That’s it, and I’ve let it sit and it’s doubled but still don’t trust it.

[Yukari]

As with any stocks, you should do your due diligence.  But it's always a risk-reward situation. 

I am hoping with so many states legalizing MJ, I am betting on it to go legal on the federal level.  

Just put down a few $ that i can afford to gamble.