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hobo_dan
Social climber
Minnesota
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Topic Author's Reply - Jan 31, 2019 - 06:20pm PT
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Thanks Ricky--Right now all of the investing is in Canadian. The U.S. market is like some shiny penny in the future.
I wonder how long it took the Alcohol industry to even itself out? The high tax thing is what brings the politicians in- forgettingt hat the people being taxed are the people they're supposed to serve. Go figure.
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perswig
climber
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Jan 31, 2019 - 06:43pm PT
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Anybody else here buying into Cannabis stocks?
What, and give up my bath salts futures?
Nope, I'm holding.
Thanks.
Dale
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hobo_dan
Social climber
Minnesota
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Topic Author's Reply - Feb 1, 2019 - 06:41am PT
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With total respect for the Peter Principle --I decided to unload my individual positions and just hang onto the ETF. I don't hav the resources to pick up on the next hot thing. That said, if you see a guy on the street wearing a barrel and begging for work- stop by and say Hello and ask how the Shoe shine business is going.
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Caveman
climber
Cumberland Plateau
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US should stay out of the drug business.
Psilocybin is a schedule 1 drug while fentanyl is schedule 2.
Good example of how whack US drug laws are.
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drunkboater
Trad climber
Whitefish
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I started investing in October and am up 63%. I'm only invested in Canadian companies because I use Robbinhood, and can only buy off the NYSE. If you use a real broker you can buy into companies that are operating in america from the Toronto exchange.
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Kalimon
Social climber
Ridgway, CO
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Until you can take your pot money proceeds and deposit that cash in a ligit bank account, you are speculating in a gray market.
DMT nails it . . . stocks are risky enough as it is, investing in an industry that does not have access to the banking system is probably not a great idea.
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Reilly
Mountain climber
The Other Monrovia- CA
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Investing more than 5% of your net worth in any one thing is a bad idea.
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Mungeclimber
Trad climber
Nothing creative to say
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Uh, why buy the weed biz when you make higher margins on fertilizer, irrigation systems or stocks that support the industry?
Drugs are bad, mmmmkay. Lol
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mouse from merced
Trad climber
The finger of fate, my friends, is fickle.
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All this high-falutin' investment talk is makin' my head spin like I just smoked a "Czar Bomba" pre-rolled splif in a closet with the door shut.
You guys do the investin' and I'll do the ingestin', mmmkay?
Many drugs are not mmmkay, but weed ain't one.
Psilocybin is not one, either, but you go your way and I'll go mine.
😎
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Don Paul
Social climber
Washington DC
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One town in Colorado that's really seen a boom from MJ is Trinidad. Trinidad is the last stop on the way to Texas, which has the largest population of any place near Colorado. It's unlikely anyone from Denver, or on a ski vacation to CO would go there to buy weed. Those pot shops are for Texans.
There is also a belief, right or wrong, that law enforcement is no longer enforcing marijuana laws at all. It seems safe for people to grow, lets say 30-50 plants in their garage in Boulder or Ned, and just sell to a few friends. If they got busted they could confuse the police with medical cards and say they're caregivers with a legal number of plants. If you cross the line into Wyoming they have signs saying not to bring mj up there, but practically no one lives in Wyoming, Kansas, etc. and not a lot of cops. It's a losing battle for those states and they know it. I expect 5-10 more years of turmoil still to come. I doubt you would get into trouble buying these stocks, but the people you're investing in aren't very trustworthy.
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Caveman
climber
Cumberland Plateau
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Feb 19, 2019 - 08:05am PT
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"It was officially launched in 1996, which makes the local cannabis medical program one of the oldest in the world"
https://www.medicaldaily.com/brief-history-medical-cannabis-ancient-anesthesia-modern-dispensary-370344
"2737 B.C. According to Chinese legend, Emperor Shen Neng was one of the first major leaders in the ancient world to officially prescribe marijuana tea to treat various illnesses — including gout, rheumatism, malaria, and poor memory, according to Understanding Marijuana: A New Look at the Scientific Evidence.
2000-1400 B.C. Compared to the Western world and even other parts of Asia like China and Japan, India had always remained closely tied to cannabis use — medicinally, religiously, recreationally, and spiritually."
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Inner City
Trad climber
Portland, OR
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Feb 19, 2019 - 08:52am PT
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Bought one: CURLF
Got a tip from a friend who knows the founder.
Seems like a crowded space already though...
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SilverSnurfer
Mountain climber
SLC, UT.
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Feb 19, 2019 - 09:21am PT
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"Psilocybin is a schedule 1 drug while Fentanyl is schedule 2."
While I would agree that it makes no sense that psilocybin is Schedule I as it has no high potential for abuse (and, in fact, it is only justifiable as schedule I by reasoning that ingestion is abuse) ,contrasting it with Fentanyl isn't meaningful-Fentanyl is a perfect fit for schedule II.
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