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661

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lawl... They better pass this bill.

$$$ lawl... They better pass this bill.

(post is archived)

[–] • 2 pts

Ok so here is how it went down in Canada. When it was announced, a whole bunch of new companies sprung up and had crazy high valuations for having never even had $1 in sales. A bunch of them were bought up privately or by other companies and squashed. Unless you know someone willing to provide you with inside information (don't do it, it is illegal), wait for an index to pop up and just buy that.

[–] • 0 pt

I'm long Tilray, I believe they will be the InBev of weed.

[–] • 1 pt

I hope you're right. Lots of people got fucked by M&A of the Canadian weed stocks.

[–] • 0 pt

Cannabis is not a good long term play.

[–] • 0 pt

I strongly disagree

[–] • 1 pt

The problem is that cannabis is dirt cheap when you take out the black market limitations.

Border cities in the US are getting $40 per ounce as opposed to $400 that they're trying to get at dispensaries in Vegas.

While marketing will squeeze out extra profits, cheap hydro sells itself and will overcome designer brands.

I'll give the truly great growers their due. Great weed is difficult to produce.

However, good weed can be produced by any idiot and people aren't going to pay for the extra effort.

Something to think about, long term.

[–] • 1 pt

legitimate points. California is already seeing issues because they have taxed legal weed out of the market, people are returning to dealers.

[–] [deleted] • 0 pt (edited )

Alright Mr "Dewine will never sign" a concealed carry bill. What's your take on so I can make sure to double down on the opposite of your prediction?

https://seekingalpha.com/news/3817191-pot-stocks-gain-as-marijuana-legalization-bill-scheduled-for-house-vote

** The sheep will rejoice, the dogs will growl and the wolves will rub their paws together with glee.

[–] • 0 pt

Wow. You joined last month? I have no idea who you are. Not that it matters. Odd you are calling me out on that. I admitted I was surprised that DeWine signed it. So what? Not sure what your point is.

[–] [deleted] • 1 pt

I joined a bit ago but also a bit of an old goat. The number of us in the heartland has always given me pause. Even traveling across the country, us great lakers are everywhere.

As far as me calling you out, yeh and nay. I'm not looking forward to the pork that'll be tied to a law being voted on to, supposedly, repeal a law that was passed long ago under the guise of the greater good.

I'm just being a jackass, even more so with the nicer weather.

[–] • 1 pt

I'm not looking forward to the pork that'll be tied to a law being voted on to

Sadly this is the way of Washington.

I'm just being a jackass

lol, no worries mate. I don't mind people busting my balls. It just struck me as out of left field since I haven't seen you around.