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07-25-2018, 11:37 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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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:
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He said he spoke with a commercial landlord in Edmonton who was barred because he leases property to a cannabis company in Colorado.
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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!
__________________
For the fun of it...Keith
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07-25-2018, 12:32 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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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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Never let yesterday use up too much of today.
W. Rogers
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07-25-2018, 01:17 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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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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07-25-2018, 01:26 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2015
Posts: 1,539
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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 it’s over 2/3’s. Sounds like it ought to count as an amendment to me.
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Wisdom starts with wonder
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08-02-2018, 07:30 AM
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#5
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Full time employment: Posting here.
Join Date: Aug 2017
Location: claremont
Posts: 601
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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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08-02-2018, 08:39 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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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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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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08-05-2018, 05:11 AM
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#7
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gone traveling
Join Date: Nov 2014
Posts: 435
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Harley, what mj stock?
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08-05-2018, 08:19 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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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.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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08-06-2018, 04:47 AM
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#9
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gone traveling
Join Date: Nov 2014
Posts: 435
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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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08-06-2018, 05:25 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,544
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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.
__________________
-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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12-08-2018, 06:50 PM
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#11
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Full time employment: Posting here.
Join Date: Aug 2017
Location: claremont
Posts: 601
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And now there is an even easier way, just buy Altria!
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12-09-2018, 05:46 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,610
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Just bought MJ on Thursday ...
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12-10-2018, 10:50 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jan 2015
Posts: 1,539
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Marijuana stocks
I’ll probably add a bit to my stash today. Just for recreation.
__________________
Wisdom starts with wonder
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12-10-2018, 04:37 PM
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#14
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Dryer sheet wannabe
Join Date: Jul 2018
Posts: 20
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I bought MJ ETF today and am hoping for HIGH returns 
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12-21-2018, 03:27 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,610
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I'm still buying MJ ... today at 24 ...
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12-21-2018, 03:38 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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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.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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12-21-2018, 03:44 PM
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#17
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Recycles dryer sheets
Join Date: Mar 2018
Posts: 364
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Quote:
Originally Posted by foxfirev5
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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Yet it seem like these companies are burning thru millions of dollars and not making money.
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12-21-2018, 03:50 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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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.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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02-25-2019, 08:52 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Jan 2015
Posts: 1,539
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Quote:
Originally Posted by foxfirev5
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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Actually good home grown is more challenging than making beer (or so I’ve heard). It’s just easier to grab a six pack for most people. That’s why this story caught my eye.
https://finance.yahoo.com/news/canop...050013073.html
__________________
Wisdom starts with wonder
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02-25-2019, 04:10 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,610
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Hi All,
I'm still holding MJ - mainly so I can talk about it at COCKTAIL parties ... the irony!
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