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File: 752 KB, 2645x1982, medical-marijuana-dispensary.jpg [View same] [iqdb] [saucenao] [google]
12832302 No.12832302 [Reply] [Original]

Fuck crypto. Let's talk cannabis.
https://www.cnbc.com/2019/02/22/forget-bitcoin-cannabis-is-the-place-to-go-says-us-wealth-advisor.html

What are the best weed stocks to invest in?

>> No.12832315

you've got to be kidding me. if you don't think this shit is priced already you're out of your fucking mind. John Boehner is even shilling weed to stupid people who are dumb enough to think they're in on the "ground floor." Think about that when the ad pops on your fox news brain drain.

>> No.12832316

>>12832302
>says-us-wealth-advisor

>> No.12832333

What about weed etfs

>> No.12832352

>>12832316
exactly. this bubble is going to be brutal for retail investors thinking they'll double their cashed out 401k. Look at the fucking price of legal weed these days.

>> No.12832358

Hexo ipo'd just a few weeks ago and has one of the lowest market caps, has deal in place with Molson Coors to produce cbd drinks. I bought in for a bit. Also holding ACB and CGC as current space leaders

>> No.12832367
File: 2.98 MB, 4032x3024, 20190202_211210.jpg [View same] [iqdb] [saucenao] [google]
12832367

DUDE
M
I
D
S

>> No.12832365

>>12832315
what does it mean when something is 'priced'?

>> No.12832392
File: 25 KB, 480x473, a5dfb4c399f6a49578ec99f124245abb.jpg [View same] [iqdb] [saucenao] [google]
12832392

The big 3 are

CGC CRON TLRY

APH and ACB look pretty fucked up

Some low caps are CANNTRUST ORGANIGRAM EMBLEM HEXO

American stocks include MPX GTII iAnthus Acreage

Personally I'm going with cannabinoid biopharma. Check out the ticker NMUS

>> No.12832396

>>12832365
it means future growth is already accounted for in the retail sale price. So the real value will only equal what you paid several years from now. This is why they are trying to sell you this shit, so they can take their profits and fuck off.

>> No.12832439

I had a random squad-fill fortnite teammate try to shill me TLRY at $200. I don't know if there's much dumber retail even left to buy your weed bags.

>> No.12832445

>buying the top
never changed biz

>> No.12832457

>>12832367
>Not pouring the milk in to make the picture complete.
pussy

>> No.12832528

>>12832457
that would be a waste of milk

>> No.12832556

>>12832528
Well right now its a waste of pixels

>> No.12832572

>>12832367
>posts low grade
>calls it mids
not gonna make it

>> No.12832576

>>12832315
this

>>12832302
market is absolutly saturated. Just bought a quarter ounce for ELEVEN DOLLAR including tax. Market is saturated. My state’s officials say there’s enough supply to last 6 years.

Whoever makes it in the weed business already did decades ago when it was illegal. Whoever continues to make it is going to have to own both production and retail of boutique of high grade product, with all inefficiencies cut out of the entire process.

The margin is thin with cannabis.

>> No.12832625

>>12832576
just watch murder mountain on netflix. if humboldt county is fucked... All small (legit) weed businesses are fucked. Phillip Morris and Koch Industries will steam roll these people. It fucking sucks.

>> No.12832670

>>12832445
Remember: Buy high, sell low.

>> No.12832678
File: 196 KB, 747x1000, tp1m6Ez.jpg [View same] [iqdb] [saucenao] [google]
12832678

>>12832365
>what does it mean when something is 'priced'?

Weed stocks are currently pumped up well beyond their value based on current earnings in expectation of rapid growth. This has happened three times before and shows no signs of ending the cycle. They pump up real crazy, crash like hell, consolidate, pump again. Most of the stocks are in bull trappy territory on the back side of the peak at this time. That's why people say don't buy them. It doesn't mean don't buy them ever. It means wait at least until daily RSI settles down. There have been several opportunities to buy dude weed shares when the stocks are in oversold territory over the past three years. Sit tight and be patient. The time will come.

>> No.12832699

>>12832678
they're the same as shit coins. never hold them long term unless you are comfortable with a lot of risk.

>> No.12832702
File: 65 KB, 552x687, 1550591546480.jpg [View same] [iqdb] [saucenao] [google]
12832702

>>12832576
Saw a sign for a $30 ounce today (Oregon), it's a buyer's market

>> No.12832709

I got 25 shares of MJ am I fugged?

>> No.12832720

>>12832678
>>12832302
You can do this and lose money or buy in low with cron, Hexo and APHA and make bank
RSI means shit with weed just look at Cron the fucker sat at 85 for 4 days.
There’s no reason right now not to be risky and buy in to at least 1 of the big three and one small one as well
If you don’t I guarantee you’ll miss a huge run
Be a boomer or be a winner your your pick

>> No.12832736
File: 128 KB, 1080x1920, Screenshot_20190115-115515.png [View same] [iqdb] [saucenao] [google]
12832736

Tfw I bought 3 shares of shit coin cgc and sold 2 at 50% roi and then the last at $50

Wish I had bought 100 shares. After being in crypto for a few years the charts for weed are stupid easy to trade and if you are buying now you are a brainlet

>> No.12832743

>>12832396
Its still illegal in a shit load of states surely there is much more growth ahead as legalization spreads.

>> No.12832748

>>12832720
>If you don’t I guarantee you’ll miss a huge run

Run already happened, sport. Just watch. Also "buy in low" applies to none of those tickers right now.