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DewSweeper09

By DewSweeper09
in The Grill Room

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Note: This thread is 1802 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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colin007 Incredible Member

colin007

Posted
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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 🙂

Colin P.

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Yukari Great Member

Yukari

Posted
Posted
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.

Don

:titleist: 910 D2, 8.5˚, Adila RIP 60 S-Flex
:titleist: 980F 15˚
:yonex: EZone Blades (3-PW) Dynamic Gold S-200
:vokey:   Vokey wedges, 52˚; 56˚; and 60˚
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DewSweeper09 Well Established Member

DewSweeper09

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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 Incredible Member

saevel25

Posted
Posted
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. 

Matt Dougherty, P.E.
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DewSweeper09 Well Established Member

DewSweeper09

Posted
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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 Great Member

Yukari

Posted
Posted

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.

Don

:titleist: 910 D2, 8.5˚, Adila RIP 60 S-Flex
:titleist: 980F 15˚
:yonex: EZone Blades (3-PW) Dynamic Gold S-200
:vokey:   Vokey wedges, 52˚; 56˚; and 60˚
:scotty_cameron:  2014 Scotty Cameron Select Newport 2

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Note: This thread is 1802 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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