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Marijuana stocks
Old 07-25-2018, 12:37 PM   #1
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Marijuana stocks

Most public listing for companies producing marijuana are currently on the Toronto Stock Exchange. They have been asked to provide shareholder lists to the US.

Here is a cautionary tale:
Venture capital investor banned from the US

Here is another bizarre example:
Landlord gets refused entry
Quote:
He said he spoke with a commercial landlord in Edmonton who was barred because he leases property to a cannabis company in Colorado.
And also even being employed in the industry can be a problem:
Employee denied entry

Of course, the Canadian Border Officials also deny anyone in possession even if they are driving from Washington to BC, both of which are legal possession states. Hopefully that will get fixed in October.

Interesting times!
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Old 07-25-2018, 01:32 PM   #2
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I lean strongly towards decriminalization / legalization of cannabis. However, as long as dealing MJ is a felony (volume based) at the federal level, I will stay far afield from any investment in said weed. The perp driving the getaway car can be charged with the same crime as the trigger puller. How about the investor who is underwriting a still very illegal enterprise?
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Old 07-25-2018, 02:17 PM   #3
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Outside of a Mighty vape and couple of ounces now and then, that's all my cannabis investments.

This new war between the US and Canada over folks involved in the industry is plain stupid. Hopefully adults can see a resolution is a good idea.
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Old 07-25-2018, 02:26 PM   #4
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Someone actively engaged in an illegal enterprise I can see, but this? 28 states have legalized medical and/or recreational weed. 5 more and itís over 2/3ís. Sounds like it ought to count as an amendment to me.
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Old 08-02-2018, 08:30 AM   #5
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Lots of speculation. Risking money on stock in int'l markets will never be illegal. The man would have to block the entire exchange, said company could then relist on other exchanges or be bought by proxy in ETF's worldwide. So the only way to block would be total capital flow restriction, ie empire collapse, Venezuela/Rwanda style. Not likely, but if it does happen.... we will all have bigger problems than a few shares of Canopy on the TSE.
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Old 08-02-2018, 09:39 AM   #6
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I've been buying and selling a marijuana stock in my Roth. It goes up and I sell, it goes down and I buy. It's not quite a penny stock, but it's close. It's a fun way to build up cash in my Roth gambling fund. I'm not worried about being put on any lists, since I assume I've been on them all for decades anyway.
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Old 08-05-2018, 06:11 AM   #7
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Harley, what mj stock?
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Old 08-05-2018, 09:19 PM   #8
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General Cannabis (CANN). It's not necessarily a good company to own, but it does seem to go up to $4 and down to $2.50, where I sell and buy. I heard about it here from someone, and just started playing with it. I just bought it for the third time recently. Next time there's good news on the MMJ or legalization front it will probably jump up to my sell point again. I suspect if you want to really invest in a MJ stock there are probably better choices.
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Old 08-06-2018, 05:47 AM   #9
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thanks Harley, I just wanted a place to start. it's a sector I think will
make money.
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Old 08-06-2018, 06:25 AM   #10
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I bought 1000 shares of WLDFF in the spring. Less that 1/4 of 1% of my stash. I'm down 50%. Had a few idle dollars sitting in the play account.
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Old 12-08-2018, 07:50 PM   #11
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And now there is an even easier way, just buy Altria!
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Old 12-09-2018, 06:46 PM   #12
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Just bought MJ on Thursday ...
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Marijuana stocks
Old 12-10-2018, 11:50 AM   #13
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Marijuana stocks

Iíll probably add a bit to my stash today. Just for recreation.
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Old 12-10-2018, 05:37 PM   #14
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I bought MJ ETF today and am hoping for HIGH returns
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Old 12-21-2018, 04:27 PM   #15
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I'm still buying MJ ... today at 24 ...
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Old 12-21-2018, 04:38 PM   #16
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Not a user but its certainly a commodity item. A weed by definition. As the market matures I don't see a big opportunity. Easy to grow by anyone, much easier than producing beer.
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Old 12-21-2018, 04:44 PM   #17
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Originally Posted by foxfirev5 View Post
Not a user but its certainly a commodity item. A weed by definition. As the market matures I don't see a big opportunity. Easy to grow by anyone, much easier than producing beer.
Yet it seem like these companies are burning thru millions of dollars and not making money.
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Old 12-21-2018, 04:50 PM   #18
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Exactly. And that's why they'll be bought up by the big guys. A few early investors will make money on the buyout. The rest are left to pick up the crumbs.
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