May 9, 2018 8:18 am at 8:18 am #1518032
It’s only a matter of time until it’s legal in all 50 states!!!!!May 9, 2018 8:52 am at 8:52 am #1518045
What about federal?May 9, 2018 8:52 am at 8:52 am #1518050JosephParticipant
Freddyfish, you sound like you’re on it.May 9, 2018 8:55 am at 8:55 am #1518060☕ DaasYochid ☕Participant
Anyone have an opinion on buying marijuana stocks ?!?!
Sell highMay 9, 2018 9:07 am at 9:07 am #1518063
Not actually recommended.May 9, 2018 9:50 am at 9:50 am #1518440YW Moderator-42Moderator
Make sure they are Pot Yisroel (some are only makpid on this during the high holidays)May 9, 2018 9:55 am at 9:55 am #1518075NOYBParticipant
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.May 9, 2018 11:02 am at 11:02 am #1518444
They are drug companies.May 9, 2018 11:58 am at 11:58 am #1518513screwdriverdelightParticipant
Safer than smuggling it illegally and selling it, but a smaller profit.May 9, 2018 8:17 pm at 8:17 pm #1518791
Joseph ur a bossss!!!May 9, 2018 8:17 pm at 8:17 pm #1518792
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!!!May 10, 2018 7:09 am at 7:09 am #1518831ChalabiJewParticipant
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.May 10, 2018 7:09 am at 7:09 am #1518836screwdriverdelightParticipant
FF, they give you computers in yeshiva?May 10, 2018 7:29 am at 7:29 am #1518875akupermaParticipant
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.
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