Cannabis Conundrum

Discussion in 'Penny Stocks' started by GottStock, Apr 2, 2014.

  1. safetydancepants

    safetydancepants Member

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    Retail stores are about 1-1.5 months away from opening in Washington right now. I see most of these stocks listed had a huge boom in January, but have tapered down since then, and are at their lowest cost since January. I'm thinking now is a good time to scoop up an assortment of them, and if we get another huge spike when stores open in WA, then we could sell high (pun intended :) ) then, or hold onto them for long term and see where this all goes. Thoughts?
     
  2. healthandfitness

    healthandfitness Well-Known Member

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    This is a very interesting post, I have not been following this at all. I was however in the capital building in GA, and overheard some women outside of a chamber speaking about possible legalization for medical cannibus in GA also. In a decade, we will see a different industrial outlook for this crop, as an agricultural messiah and new millennium cash crop.

    I will stay tuned to this topic to see how it develops.
     
  3. firelily99

    firelily99 Well-Known Member

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    I think that it can be good investing provided that you do a lot of research on the various companies/dealers who are selling the product.
     
  4. jessejeffers

    jessejeffers Member

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    I was just to ask something about this! Thanks for doing it for me!
     
  5. JaydonTyler

    JaydonTyler Well-Known Member

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    I've been looking at these stocks recently. Still unsure about investing, so I'm not going to just yet. It could be a great investment. Now would be the right time to buy in as the prices seem fair. I'm not ready to do it though.
     
  6. fortunado30

    fortunado30 Member

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    I think there is a lucrative market in cannabis investment but it is still too young to predict whether it is a worthy investment. Since it is still debated on the terms of legality on many states, it will take some time before this industry can develop. I agree that it is very interesting to watch.
     
  7. LittleMissMia

    LittleMissMia Guest

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    I had no clue about these stocks. I would like to invest in these. I can't imagine the stocks going down in this area. It's definitely a growing market and will continue to be as more and more states legalize Cannabis.
     
  8. Strykstar

    Strykstar Well-Known Member

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    Well right now cannabis is sold in specialized stores, whose stocks are available, but would those stocks drop if cannabis starts to be sold in every pharmacy as medication?
    That could really harm these specialized companies.
     
  9. uggonen

    uggonen Well-Known Member

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    This one is true. I would personally flip the shit out of the stocks before cannabis starts being sold in every store available.
     
  10. Peninha

    Peninha Senior Investor

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    I don't think that is going to happen to be honest, I am not seeing governments making it legal to be sold everywhere, but on the other hand they do it with alcohol and tobacco.
     

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