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05-07-2014, 08:05 PM #1
The Weed Fund
What companies do you guys see as long terms in this sector? I think it would be great to have a go to list for all the legit companies selling for pennies now but have huge potential.
Post below who you think should be in the weed fund and I will update the list!
Will start with one...
Last edited by mattzoom; 05-08-2014 at 02:39 PM.________________________
Current Line Up...
2011 Cadillac CTS-V
05-07-2014, 08:19 PM #2Senior Member
- Join Date
- Jun 2010
I've made some great money with these stocks and I've lost more than half my gains during this year only. However, I have some Marijuana stocks that I feel will be like buying Apple when it came out.
FITX wasn't the first to be offered or legal for Canada. We'll see...these stocks have been more than volatile.
05-07-2014, 08:24 PM #3
I think this sector has a lot of potential. It can only get stronger as more states will begin to fully legalize. Eventually people will stop being ignorant and realize all of the benefits of hemp products, not to mention the tax benefits of legalizing a drug that is going to be sold regardless of legality. I'll definitely keep an eye on this thread to see how you guys do.
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05-07-2014, 08:29 PM #4
I see this as a bubble. Personally, I won't invest but will tune-in to see how this pans out.
05-07-2014, 08:32 PM #5
05-07-2014, 09:24 PM #6
05-07-2014, 09:34 PM #7
It's actually pretty similar to what has happened with mobile games. Initially it was mostly smaller developers all creating games, but now it is much harder to survive as an indie developer. The power has consolidated within companies like Zynga and Rovio. The industry itself is quite strong, but the bubble that existed for all the indie developers years ago has popped.
05-08-2014, 01:03 AM #8
There are probably nt that many that I would think are a good investment since a loot if them are pump and dumps and are getting haunted lately.
One that I would check out is IGC which is on the Nasdaq so safer than most. The OTC ones.
05-14-2014, 02:51 PM #9
Thougts on these? Been keeping eyes on them..
Current Line Up...
2011 Cadillac CTS-V
05-22-2014, 07:14 AM #10
The cannabis industry is one of the few places I would consider myself an expert. I've done consultant work with many different types of ventures in this industry (Grow ops, Edibles, Concentrates, Financing, Testing) and can tell you first hand these are huge pump and dump targets because...
A) They can't legally be listed on a real exchange, thus it's a great excuse for being small cap in such a widely popular market for investors.
B) The momentum of legalization makes people believe anything associated with marijuana will do well over time without having an understanding of the underlying business.
Let me just say this before I go. This is an easy business. If you have a clean record, are decently competent, and have the capital you can make a killing in this industry right now. The margins are so rediculously high that it makes up for the intense regulation and this industry will only grow. All of this is herbal, no patent pipelines baby so no big pharms are going to mess with you. It's not federally legal, so you don't even have to worry about big tobacco. I would think any intelligent businessman would understand that a high margin, medium barrier of entry, low competition business is going to grow. I mean I've worked with people who made 1200% on their inital in months (SoG Grow Op Not typical), but still. The real question is if they are legitiment why don't they reinvest in themselves of find someone before OTC to do it? If they don't understand that then I don't want to invest in the managment anyway."The best way to predict the future is to create it." - Peter Drucker
“Formal education will make you a living; self-education will make you a fortune.” - Jim Rohn