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Just Curious !
Old 12-13-2016, 12:38 PM   #1
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Just Curious !

Is there an ETF or index MF that tracks the cannibus/marijuanna industry in the US ?

Serious question and I know there will be some wise comments but I see this as a potentially high growth investment opportunity.
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Old 12-13-2016, 12:41 PM   #2
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Originally Posted by frayne View Post
I see this as a potentially high growth investment opportunity.


Sorry, sorry - couldn't resist. Now back to our regularly scheduled programming in this thread.
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Old 12-13-2016, 12:44 PM   #3
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Ground control to Major Tom !
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Old 12-13-2016, 12:48 PM   #4
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High growth indeed will produce more than high yield green plants.

curious if anyone has dab'bled in this as well
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Old 12-13-2016, 12:48 PM   #5
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On a more serious note, as I understand it, dispensaries have great trouble finding banking services, and often have to run cash operations, due to the fact that cannabis is still listed as a schedule 1 drug at the Federal level. I wonder if this restriction applies to growers as well? I'm guessing it does. I'm thinking that this listing is unlikely to be changed under the incoming administration.

So - if the majority of cannabis operations in states where cannabis is legal, are still being run as cash operations, or under strict financial limits due to the banking regulations, how possible would it be for a fund to track these businesses? Perhaps someone else can weigh in with an opinion. I'm thinking there are many other growth industries which would be far easier to invest in.
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Old 12-13-2016, 12:51 PM   #6
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Ground control to Major Tom !
Somewhere in there is a line about me floating in my tin can on a pleasant hybrid strain, but I'm still struggling with my first cuppa joe of the day, and not feeling smart enough to come up with it yet
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Old 12-13-2016, 01:13 PM   #7
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On a more serious note, as I understand it, dispensaries have great trouble finding banking, and often have to run cash operations, due to the fact that cannabis is still listed as a schedule 1 drug at the Federal level. I wonder if this restriction applies to growers as well? I'm guessing it does. I'm thinking that this listing is unlikely to be changed under the incoming administration.

So - if the majority of cannabis operations in states where cannabis is legal, are still being run as cash operations, or under strict financial limits due to the banking regulations, how possible would it be for a fund to track these businesses? Perhaps someone else can weigh in with an opinion. I'm thinking there are many other growth industries which would be far easier to invest in.

Understand and agree to a certain extent. That said, the cannabis industry is not going away and as each state legalizes the growth, selling and use of the herb it is only a matter of time until someone takes one of these commercial operations public. I can't see the feds stepping in for all the obvious state's rights reasons. The industry is in its infancy and I see a good long term (no pun intended) growth investment opportunity.

Major Tom, take your protein pills and put your helmet on.
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Old 12-13-2016, 01:21 PM   #8
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This is a budding industry (yeah, a little pun intended) that I'd guess will merge under the tobacco industry.
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Old 12-13-2016, 01:27 PM   #9
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Meanwhile, in Canada....

Pot stocks surge following federal task force recommendations - The Globe and Mail
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Old 12-13-2016, 01:28 PM   #10
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How to legally invest in pot companies

http://marijuanaindex.com/

Not for me, but there's good money being made. As always, picking winners and losers early on is tricky. With the legal issues still not fully resolved, there could be some serious fits and starts along the way.
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Old 12-14-2016, 07:54 AM   #11
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the cannabis industry is not going away and as each state legalizes the growth, selling and use of the herb it is only a matter of time until someone takes one of these commercial operations public. I can't see the feds stepping in for all the obvious state's rights reasons. The industry is in its infancy and I see a good long term (no pun intended) growth investment opportunity.
I feel that this is likely. The money interests and states rights arguments support leaving the industry alone. But there are enough congressional elements adamantly opposed to MJ that the whole house of cards could collapse. One word to DoJ and the DEA and the entire industry could end up in jail. Not what you would call a stable environment for investing.
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Old 12-14-2016, 08:45 AM   #12
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A "green" investment?
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Old 12-14-2016, 09:45 AM   #13
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This is a budding industry (yeah, a little pun intended) that I'd guess will merge under the tobacco industry.
No smoke screen here!

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Old 12-15-2016, 02:36 PM   #14
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Maybe you should consider going back to school. A local community college in Maryland has this to offer....

BPA 227 - Entrepreneurial Opportunity in Expanding Markets: Cannabis Legalization
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Old 12-15-2016, 02:44 PM   #15
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High growth indeed will produce more than high yield green plants.

curious if anyone has dab'bled in this as well
Why yes, yes I have. Oh, wait, you mean investing, not smo......

Never mind!
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Old 12-15-2016, 03:15 PM   #16
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OK... read the article posted above.... it did not change my thought on this... but, it is my thinking and who knows for sure...



I doubt that you can invest in a company that grows or sell the weed... it is still illegal federally and as such a company cannot go public (in general) doing an illegal activity....


From the little that I have read, all companies are closely held... so maybe a sole proprietor or a partnership... you might be able to incorporate in a state where it is legal, but not put your stock on some kind of exchange...


Well.... I am going to contradict myself!!!! Here is a list of stocks you can buy....


List of Marijuana Stocks - Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™
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Old 12-15-2016, 03:47 PM   #17
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GWPH is a stock that I see mentioned a lot regarding Marijuana companies. Not a fly by night.
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Old 12-15-2016, 04:46 PM   #18
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I feel that this is likely. The money interests and states rights arguments support leaving the industry alone. But there are enough congressional elements adamantly opposed to MJ that the whole house of cards could collapse. One word to DoJ and the DEA and the entire industry could end up in jail. Not what you would call a stable environment for investing.
It appears that the supreme court has ruled that the feds can not force the states to enforce federal laws. Thus only federal agents could be used to enforce weed laws in the states that allow it (assuming the states choose not to enforce). This also happened late in prohibition with several states choosing not to enforce the Volstead act. It then becomes an interesting question of the priorities of federal law enforcement what happens but I suspect the federal enforcement will be at best spotty due to other priorities.
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Old 12-15-2016, 04:55 PM   #19
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There's a reason Scotts Miracle-Gro, ticker SMG, is up over 40% this year.
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Old 12-15-2016, 06:05 PM   #20
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all of a sudden I'm getting hungry.
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