Anyone have an opinion on buying marijuana stocks 🌱?!?!

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Viewing 14 posts - 1 through 14 (of 14 total)
  • Author
    Posts
  • #1518032

    Freddyfish
    Participant

    It’s only a matter of time until it’s legal in all 50 states!!!!!

    #1518045

    👑RebYidd23
    Participant

    What about federal?

    #1518050

    Joseph
    Participant

    Freddyfish, you sound like you’re on it.

    #1518060

    ☕ DaasYochid ☕
    Participant

    Anyone have an opinion on buying marijuana stocks ?!?!

    Sell high

    #1518063

    👑RebYidd23
    Participant

    Not actually recommended.

    #1518440

    YW Moderator-42
    Moderator

    Make sure they are Pot Yisroel (some are only makpid on this during the high holidays)

    #1518075

    NOYB
    Participant

    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.

    #1518444

    👑RebYidd23
    Participant

    They are drug companies.

    #1518513

    screwdriverdelight
    Participant

    Safer than smuggling it illegally and selling it, but a smaller profit.

    #1518791

    Freddyfish
    Participant

    Joseph ur a bossss!!!

    #1518792

    Freddyfish
    Participant

    I’m purely involved in the financial aspect of it Baruch HaShem I am in yeshiva and have a job I don’t have time for marijuana!!!

    #1518831

    ChalabiJew
    Participant

    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.

    #1518836

    screwdriverdelight
    Participant

    FF, they give you computers in yeshiva?

    #1518875

    akuperma
    Participant

    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.

Viewing 14 posts - 1 through 14 (of 14 total)
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