/biz/ - Business & Finance

Bought in last summer anon. Was my dual moon mission with crypto. But being that you are probably a noob and this is babis first stock let me give you some valuable advice you wont listen to.

1. Weed stocks are almost entirely driven by speculation and we just went through a cooling off period

2. Once weed is legalized in Canada dont expect infinite gains. This is actually when the asset class will likely reflect the fundamentals behind them.

3. Legalization in the states on a federal level is still wayyyyysss off if possible. Senate would be too split, not to say more ststes wont open up but those effects would be negligible unless New York legalized it.

4. The market prediction is largely driven by black market pseudo-data and no one really knows the demand for legal weed

5. Large goverment taxation and bureaucracy could slow and clog the market making it far less profitable once everybody (Aurora, Canopy, Aphria ex.) have to compete for goverment set prices.

With that being said I'm sure you will lmao and do whatever you want. Just tread carefully and don't margin trade

WHEN THAT PRE LEGALIZATION BULL RUN ON WEED? GODFUCKINGDAMNIT I re-entered at 30$ on Canopy. I SHUDDA JUST PUT IT INTO ETH