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Thread: WEED is it time to buy stock

  1. #1

    Join Date
    Jun 2006
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    Default WEED is it time to buy stock

    I just heard several states passed legal weed, notably Wash DC. It's just me thinking that can the rest of the states be that far behind? I never really had a problem with it compared to our legal alcohol acceptance. I see far more problems with alcohol than weed. Although they say that the verdict is not out or enough known about weed to determine long term side effects, other than short term memory loss. Ahhhhh, now what was I saying. We all know the adverse effects of alcohol and it continues to be accepted in our society. I missed out on some recent IPO just by my lack of confidence in making purchases of stocks online and now they are thriving ie:alibaba, Facebook, and go pro. I hesitate when I hear the nay Sayers saying it could be risky. I'm sure they are also saying that about weed stock. With DC on board our nations capital that appears to me that the door has just been opened wide. Has anyone had any dealings with weed stock, I know there has been discussions on this in the past?


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  3. #2

    Default Re: WEED is it time to buy stock

    I wouldn't. Just because they can legally sell it doesn't mean they can make money on it. Check out this article to see how the IRS is taxing 70% of their profits.

    Marijuana profits up in smoke under IRS rules

    The Fed may not get you criminally, but they can get you fiscally. There is more than one way to win.
    Last edited by Cactus; 11-05-2014 at 09:31 AM.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
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  5. #3

    Join Date
    Dec 2009
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    Oregon
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    Default Re: WEED is it time to buy stock

    Quote Originally Posted by GUCHI View Post
    I just heard several states passed legal weed, notably Wash DC. It's just me thinking that can the rest of the states be that far behind? I never really had a problem with it compared to our legal alcohol acceptance. I see far more problems with alcohol than weed. Although they say that the verdict is not out or enough known about weed to determine long term side effects, other than short term memory loss. Ahhhhh, now what was I saying. We all know the adverse effects of alcohol and it continues to be accepted in our society. I missed out on some recent IPO just by my lack of confidence in making purchases of stocks online and now they are thriving ie:alibaba, Facebook, and go pro. I hesitate when I hear the nay Sayers saying it could be risky. I'm sure they are also saying that about weed stock. With DC on board our nations capital that appears to me that the door has just been opened wide. Has anyone had any dealings with weed stock, I know there has been discussions on this in the past?
    Well, Cactus may have a good point, but I am considering it. Could always just buy and hold till the feds acquiesce. CA and a couple other States will follow WA, CO, OR, and AK in 2016. Here's an interesting link for those who are considering this:

    Marijuana Stocks & Public Companies : Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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  7. #4

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
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    Default Re: WEED is it time to buy stock

    Anybody can grow their own - why buy it.

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  9. #5

    Join Date
    May 2011
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    Florida
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    Default Re: WEED is it time to buy stock

    Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

    The chart there looks really bad right now. I might consider it when it turns around.

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  11. #6

    Join Date
    Jun 2006
    Location
    Wilmington,NC
    Posts
    821

    Default Re: WEED is it time to buy stock

    Thanks for the reads folks, something to take nice n slow until things develope more

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