- This topic has 13 replies, 9 voices, and was last updated 6 years, 6 months ago by .
-
Posts
-
It’s only a matter of time until it’s legal in all 50 states!!!!!
What about federal?
Freddyfish, you sound like you’re on it.
Anyone have an opinion on buying marijuana stocks ?!?!
Sell high
Not actually recommended.
Make sure they are Pot Yisroel (some are only makpid on this during the high holidays)
Probably a good long-term stock. As it gets more widely legalized, commercial growers and processors have the potential to become drug company sized corporations.
They are drug companies.
Safer than smuggling it illegally and selling it, but a smaller profit.
I got some GWPH over a year ago, when I saw the trend coming, but it’s still up only 30% since then. Buy Amazon or AAPL first.
FF, they give you computers in yeshiva?
The current “marijuana stocks” are for small companies that are likely to be pushed aside when larger well-established companies enter the business. In effect you have two problems buy stocks in that industry. If the movement towards legalization reverses, you own shares in a company whose main activity is illegal. If the movement towards legalization continues, the companies in similar businesses (tobacco, food, alcohol, etc.) are likely to move in and crush the small players you are investing in.
If you are not a professional investor, you are likely to get burned playing the stock market.
- You must be logged in to reply to this topic.