Marijuana Companies For InvestingWho has the most experience the large Medical Companies or new upstarts. Of course Capital investment does not look like a problem.
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I’d look at it differently — who has the competitive advantage? The industry may grow, but does anyone have a better, patented or “trade secret” product, or a better method of distribution or delivery that can’t be easily copied, or a brand? Otherwise, it seems like a fun story but, from a business case, it’s really just a lot of people trying to grow and sell an expensive vegetable in a highly regulated environment.
There may be winners or losers in this early buildout of legal marijuana, but I have a hard time seeing any large or strong companies emerging from the current crop of hyped penny stocks in the sector … and no big players will have major marijuana businesses unless and until it really becomes nationally regulated. Can’t say that any of these look more appealing than the last crop of heavily hyped breakthrough plant stocks (those being the Stevia stocks, almost all of which were vapor and most of which are teetering on the edge), but I do confess that I haven’t studied the individual hyped marijuana stocks to any great degree. Perhaps I’m missing the next big thing that becomes a sustainable business and the ADM of THC, but I really doubt it.
I have about $1300 total split between GRNH, PHOT and HEMP. All three have shaky financials, billions of shares outstanding and have gone up about 1000% in the past three months. Now that’s a real bubble. It is the equivalent of bitcoins moving from 100 to 100,000 in three months which never occurred.
As with all bubbles, I am waiting for bigger fools to buy the into the pot market. None of these companies have a real competitive advantage which couldn’t be duplicated by a bigger firm with more money. Since I just got in (because the industry tickles my fancy), I am only up 5%. Collectively, they may double and are probably not be worth the risk, but I doubt there is a chance at all any will rise ten fold.
As to bitcoins, my $3 grand investment is now worth 2, and I’m letting it ride simply because no one is talking about rich people’s alternate Ven currency. It is only the poor man’s Bitcoins that the popular press is mocking. If the super rich one percent feel the need for an electronic counter currency which is older than bitcoins, why should I doubt their judgement?
Hey PJ, how did that $3k bitcoin investment end up?
Jut wondering if there is any conversation on the equipment companies that supply the growers etc. I heard that those penny stocks may be worth looking into–any truth to that?
Check the three I mentioned,, you may be the bigger fool that buys me out!
It is very interesting to see everyone looking for that penny stock.
When it will most likely be the Tobacco Industry that controls it in the end.
Quite a double negative, what will the anti smoking laws do now?
I have my number one pick but it should be obvious.
Well no one commented on my RAD comment as the Pharmacies
being the point of sale.
Hemp INC.,seems to be at least a real company .It has just received there first shipment of hemp hearts which is now legal, from there farms in the region of china ,which is the biggest producer of hemp. One of the uses is medicinal. These hearts are a organic product to be sold in places like whole foods ect .Another one on the medical side is MJNA .
Doubt it im going for the equipment and supply companies
On another subject…The current hype filling the mailboxes is the stock which will herald “The Death of the Internet” in 2014. Of course you have to join and be fleeced before you get the name of the blockbuster stock. Does anyone have any idea which company Mr. Newsletter is talking about?
That one’s here: http://www.stockgumshoe.com/reviews/motley-fool-stock-advisor/deciphering-motley-fools-r-i-p-internet-1-explosive-interworld-stock-for-89x-your-money-by-2020/
NDEV’s the only real investment. http://investorshub.advfn.com/boards/board.aspx?board_id=16208