Thread: Cannabis stocks

I have several. Check out AGTK.

There’s no way cannabis can’t be considered a budding growth industry.
I’m going to roll up on some stock this week. Have to start somewhere.

Originally Posted by PKizzle

I have several. Check out AGTK.

Full time employees = ONE

The profit is definitely in the buds.

Originally Posted by RazorCat

There’s no way cannabis can’t be considered a budding growth industry.
I’m going to roll up on some stock this week. Have to start somewhere.

I'm not so sure here....the growth occurred with the proposition which decreed medicinal use. I dont really see much more new use by calling it recreational. But if the question is will the stock be bid up anyways? Certainly could...in the short term.

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Originally Posted by blackoutcl

Full time employees = ONE

I too would be boggled if it were long term or a large $ amount, but I am short term and with a small position and it has doubled. Profit is profit.


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I'm long on CANN and a few other. STZ is expensive that related to marijuana drink and not many could afford couple hundred to thousand shares then call options is a good way to go with this.

Originally Posted by amoeba

I'm not so sure here....the growth occurred with the proposition which decreed medicinal use. I dont really see much more new use by calling it recreational. But if the question is will the stock be bid up anyways? Certainly could...in the short term.

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The increase in the number of users in the last decade hasn’t changed drastically as a result of legalization, medically or recreationally, as much as it has due to a decrease in disapproval. A societal change in attitude.
https://www.forbes.com/sites/tomange.../#18a3ea6651b7
Teen use (thank God) has actually decreased in Colorado since legalization.
But, almost all the money generated by the distribution and sale of marijuana has historically been untaxed and unregulated.
Now, those billions of dollars are steadily moving into the legal marketplace. That’s where there’s money to be made. The shift of profits from sales and distribution to legal sources. And the change in how people use cannabis. Vaping, for example, has/will become huge as a clean (as possible), portable, concealable cannabis delivery system. That trend has already begun.
Anyway, it’s going to be entertaining trying to pick the winners going forward.

Who has the scoop on california marijuana stocks. I'm jonesing here. What has some high expectations? Looking to pump about $20-$30g into something.

Mike Tyson breaks ground on California marijuana ranch

"CALIFORNIA CITY, Calif. (AP) — Former heavyweight champion Mike Tyson is becoming a California marijuana entrepreneur.

TheBlast.com reports that Tyson and partners on Dec. 20 broke ground on a plot for a cannabis resort in California City, a remote Mojave Desert town that's about a 110-mile (177-kilometer) drive north of Los Angeles.

Partner Robert Hickman tells the website that the undeveloped lands are primed to be cultivated and that Tyson Ranch will be an oasis.

In a video of the event, California City Mayor Jennifer Wood thanks Tyson for his commitment to the community, saying the industry will provide medical marijuana to people in need, revenue, jobs and income for residents.

Calls and emails from The Associated Press to a Tyson representative and the mayor were not immediately returned Tuesday."

OK. So todays news about AG Jeff Sessions has scared me a bit. I looked up CANN which dropped on this news 30%. I pulled back to a modest 750 shares at $7.35 per share for about $5,512 plus $7 for the trade which I had to do over the phone as Vanguard has put a hold on online trades with this.

Crossed fingers for a bounce back up.