Are weed stocks a good long-term investment?

[Anonymous No.30245399]

>inb4 dude weed lmao
I'm a britbong, and I've seen some recent success with a cannabis medicine pilot here (Project21) as well as Cancard. Whilst recreational use isn't going to happen any time soon, I was wondering whether it would be a good idea to put a little bit of money in some companies here.

Should I invest in the dude weed lmao or not?

[Anonymous No.30245960]

>>30245399
no. fuck no.
>bought 3 weed stocks.
>Did some research before hand. Companies look great. Lots of new products coming down the line.
>I don't know much about the stock market.
>Buy 2 weed penny stocks 100 bucks each.
>They go up for like 2 weeks.
>I've doubled my money.
>Decide not to sell but to hold onto these stocks because I own a lot of them and if they go up to 1 dollar or something I will quadruple my money.
>Weed stocks go down... literally in the red zone for 4 YEARS!
>4 years in the fuck red zone.
>I didn't even buy the stock at the top. I bought them for .02, .03, and .0075.
>They've gone downwards.

No dude the weed stocks are literally marketing for stupid people to buy into the stock market and lose whatever small amount of money they have.

[Anonymous No.30246066]

>>30245960
>Companies look great. Lots of new products coming down the line.
BUY MY BRIDGE

[Anonymous No.30246285]

>>30246066
don't know what that means but if these faggot ass weed stocks ever go back to the price I got them then I'm unloading. I'm basically out 300 bucks.

You're a faggot nigger btw you fucking cunt fuck off.

[Anonymous No.30246394]

>>30246285
>don't know what that means
You shouldn't be here

[Anonymous No.30246448]

>>30246394
i've earned the right to be on any board on 4chan guy.

[Anonymous No.30246536]

>>30246448
You're actively hurting yourself lmao by all means stay here and put more money into someone else's pocket if that's what you wanna do
Or you should research what the consumers of the businesses you invest in actually want.

[Anonymous No.30246587]

>>30245399
weed stock were my first finance purchase and i got burned immediately. never again.

[Anonymous No.30247212]

>>30245960
so you bought the riskiest weed stocks?
>>30245399
OP focus on US weed companies like Trulieve, Curaleaf, Green Thumb, Cresco

[Anonymous No.30247243]

>>30245960
What companies were they exactly? Weed companies are very new on the UK market.

[Anonymous No.30247248]

Just grow weed instead so you have something to trade with when the economy collapses.

[Anonymous No.30247389]

>>30245399
I am a what you might call a "White negro."
-jewish beat generation

[Anonymous No.30247597]

>>30245399
>Are weed stocks a good long-term investment?
No britbong fren, long term everyone and their mom is going to grow it on a spacebucket at home. Nobody has a secret sauce on this.

[Anonymous No.30247846]

would a weed ETF like CNBS be a better idea? hard to trade individual companies when there's pretty much 0 ways to tell that any of these publicly traded ones are going to go anywhere this early in the legal weed economy and most of the weed money is being captured by small non-tradeable companies anyway

[Anonymous No.30248391]

>>30247212
Trulieve and Curaleaf both have garbage weed and business models and only can survive because of lack of competition in Florida due to regulations. Potheads want to buy from local stores but that option isn't available here. You'd make more money growing your own weed and selling it to your neighbors instead of investing in them.

[Anonymous No.30248636]

>>30245399
buy hitif. it's your chance for generational wealth.

[Anonymous No.30248681]

>>30245399
dude weed lmao

[Anonymous No.30248736]

>>30245399
I'm in the industry. No one knows what they're doing, taxes are eating everyone alive and only a couple companies are turning profit. Stay away from retail and invest in cultivation, manufacturing or distribution.

[Anonymous No.30248752]

>>30245399
Companies like Curaleaf are setting themselves up for being the top brands in the near future when weed gets federal legal in the United States

[Anonymous No.30250208]

>>30245399
Are tomato or pepper stocks good long-term investments?
Anything where you can plant a tiny seed and produce 20lbs of the stuff without even trying isn't a good investment.

[Anonymous No.30250214]

>>30245960
literally in the red zone for 4 YEARS!
This is 2021, new times, you just bought a company that had troubles.
>No dude weed stock marketing for stupid people
You gonna feel stupid in 5 years for saying this

[Anonymous No.30250826]

Long Term, it's a great investment, but since this is /biz/, let me explain. Long term does not mean next week, next month, or even end of year. Long term is like long cat. Long term is loooooong. But not really that long. Not ten years. More like 3.

[Anonymous No.30250907]

>>30245399
if you wanna make a profit, create glass pieces.

[Anonymous No.30250948]

Ok, so the general sentiment is against buying dude weed stocks.

Thanks /biz/ - I'm going to put my money on memecoins instead.

[Anonymous No.30251095]

>>30250948
don't do that either dude. by a productive asset and research the company.

I know nothing of the weed industry or legality in britbongland, but here in the US, the vibe I'm getting is well positioned US companies should do ok (US companies, not Canadian companies).

Anyway, memecoins is a losing game, but you know this.

[Anonymous No.30251116]

>>30245399
yes and no.

a few of the companies will probably become like the google and microsoft of weed, but most of them will go out of business.

[Anonymous No.30251120]

>>30250948

go long on marijuana ETFs. its a product that can be stored in many forms for long periods of time and growth is dependent on the politics of legalization.

ETFs will hedge the risk, but by and large if one is losing they all are.

Canopy Corp made me a couple thousand this year for the run up to the elections.

[Anonymous No.30251209]

>>30250907
I got a grav pipe and that thing is indestructable. How can they stay in business if i never need to buy another one as long as I live? A little bit of planned obsolescence can go a long way. I'm not suggesting they sell me one that will break though. I love my Grav