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12-13-2016, 11:38 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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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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Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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12-13-2016, 11:41 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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 Quote:
Originally Posted by frayne
I see this as a potentially high growth investment opportunity.
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Sorry, sorry - couldn't resist. Now back to our regularly scheduled programming in this thread.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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12-13-2016, 11:44 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Ground control to Major Tom ! 
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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12-13-2016, 11:48 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,043
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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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Time > $$$ ~ 100% equities ~ FIRE @2031
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12-13-2016, 11:48 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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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.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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12-13-2016, 11:51 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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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
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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12-13-2016, 12:13 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Quote:
Originally Posted by Major Tom
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.
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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.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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12-13-2016, 12:21 PM
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#8
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Recycles dryer sheets
Join Date: May 2016
Posts: 317
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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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12-13-2016, 12:27 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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12-13-2016, 12:28 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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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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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-14-2016, 06:54 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,329
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Quote:
Originally Posted by frayne
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.
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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.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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12-14-2016, 07:45 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,544
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A "green" investment?
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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12-14-2016, 08:45 AM
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#13
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Full time employment: Posting here.
Join Date: Nov 2008
Location: Jacksonville
Posts: 637
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Quote:
Originally Posted by CDRE
This is a budding industry (yeah, a little pun intended) that I'd guess will merge under the tobacco industry.
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No smoke screen here! 
Mike
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12-15-2016, 01:36 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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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
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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12-15-2016, 01:44 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Why yes, yes I have. Oh, wait, you mean investing, not smo......
Never mind! 
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12-15-2016, 02:15 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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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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12-15-2016, 02:47 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Aug 2009
Posts: 1,578
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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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12-15-2016, 03:46 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
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Quote:
Originally Posted by donheff
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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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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12-15-2016, 03:55 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,902
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There's a reason Scotts Miracle-Gro, ticker SMG, is up over 40% this year.
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12-15-2016, 05:05 PM
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#20
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Recycles dryer sheets
Join Date: Aug 2015
Location: Bee Cave, TX
Posts: 201
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all of a sudden I'm getting hungry.
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