Some of my wall street friends said Canopy Growth will never gain but I feel like that’s because they were there for the boom and lost money when it fell.
It seems to have surged a couple times lately. And other stocks like Aurora and Tilray have had little surges.
Is Cannabis a good place to be in as we approach an American election where it will be on the ballot in some states?
Or are you still staying away?
What are people’s thoughts on Cannabis stocks?
byu/ZitRemedy11 inwallstreetbets
Posted by ZitRemedy11
48 Comments
Gonna tell you after my edible kicks in 
In California cannabis companies are crashing and burning
Staying away
They are dead stocks, canopy, aurora, and sundial especially. With individual state legalization they are irrelevant.
Avoid bc of federal law
I work in the industry. I probably won’t touch a cannabis stock for years. In many states, especially my own companies are falling everyday. Each states has their own regulations. Some extreme while others are way too relaxed. Until it’s regulated on a federal level investing is going to be difficult.
Imo the whole industry has been incredibly unprofitable. 95% of all of these businesses are struggling to make money and that shows an issue with the industry not just the companies. I would stay away. Or at least stick to just the few profitable ones if you want to take a gamble.
Some cannabis stocks are so beaten down and hated that they seem like obvious good trades. For example CRON was trading under $2 earlier this year, with a market cap far below their net cash! I bought at like $1.95 and sold around $2.60. Would rinse and repeat the trade if given the opportunity.
It’s way to easy to grow. Rabbit and chicken sh it. Some dirt. Boom. Done.
It’s like asking for daffodil wine stocks. The value is in the bottling and making bottles. Not dafodill
That ship has sailed.
They will jump then fall with every good news. I have a lot invested in long term options waiting for the next stage of legalisation… it hasn’t paid of yet but I’m still hopeful
Don’t know about anybody else but all my Chefer friends continued to just buy from their dealers cause it was cheaper than paying the taxes.
Until schedule 3 actually happens they aren’t going anywhere. Cannabis stocks will not go far for a few years imo. Not only do you need schedule 3, you need a crackdown on black markets before it actually becomes profitable, that is years away.
Canabis stocks = “yesterday’s tuna-fish.” Next!
dead stocks
Meh, ill skip
I’m good. Been stung too many times on it lol
I loss money on them. Waste of time for me.
Florida has it on the ballot this November for legalization. I think you’ll see a small surge, not quite like Canada but a good amount then it will come back down. I believe the stock won’t stabilize until the feds legalize it. The stocks are so cheap and honestly holding 1000 shares is nothing. So my plan is to sell after the election. I almost wonder if Biden will legalize weed as a final Hail Mary to beat Trump.
My DD:
I smoke two joints in the morning
I smoke two joints at night
I smoke two joints when I play video games
It makes me feel alright
I smoke two joints in time of peace
And two in times of war
I smoke two joints before I smoke two joints
And then I smoke two more
They’re a total money grab. They pop & drop all the time.. If you see it go UP UP, then buy a put. cuz it’ll be lower than before when it comes down the next day.
They can be great to scalp but I would not suggest holding them. Just like GameStop, when they start running you can get in and out in big runs for like 40% or more
I believe that when cannabis becomes profitable on the large scale, the big tobacco companies will either buy out the small guys or start their own. With their supply chain, marketing and distribution, they’ll crush today’s cannabis stocks. But all of this is probably 5+ years from now.
Fantastic I’m in the green! Love em I add 30 dollars evey paycheck and they have treated me well
IMO there is one really good opportunity and it’s HITI. But it’s a long play. There are several articles on seeking alpha that go more in depth.
The problem is the industry is oversaturated with too many companies. Once a strong blueprint for the business comes to fruition, a company like J&j or Eli will swoop in and dominate it. There is a good possibility they will buy a company that’s already established, but it’s hard to predict which company
Maybe the American one will do well if weed is finally rescheduled. I don’t about the Canadian ones, they have been on one hell of a losing streak
lol I can’t believe everyone here’s saying no .
I have made money lol I’m in the green . They buy crappy cannabis stocks I just own one company a lot and another 50 percent of that and yes they r a small part of a diversified portfolio
The new farm bill is going to crush whatever life is left.
Stocks only go up
its a shame u cant smoke em 💨
I spent 6 years managing a farm in California before the market crashed, still have friends in the industry. Schedule 3 changed nothing, we need federal legalization so we have normal interstate commerce. Individual state markets usually devolve into a mess, and dealing with different regulations in every state makes MSO’s inefficient. SAFE Banking is a convenience but barely cracks my top 5 wishlist for the industry. Access to customers is a huge problem and easy to block within the state, 60% of small California towns still don’t have dispensaries because of ‘think of the children’ reasons. Stay away.
ETFs are down like 83% plus or minus. Big tobacco acquisitions?
There are so many regulations and so much competition (including from illegal dealers) that it is highly unlikely they’ll be a good long-term hold. Pops are made for selling
IV will increase as we get closer to the election, plus the rescheduling. Buy calls.
Move on man
I suggest looking into **IIPR** [Innovative Industrial Properties](https://innovativeindustrialproperties.com) as an out of the box cannabis investment.
– Awesome dividend
– Low Float
– Actively expanding
The problem is often “who” is running them.
Then there is the federal issue. For a cannabis stock to become a Phillip Morris, it needs to advertise and brand their products on a scale that would surely bring federal attention.
Cresco labs has good product. No idea how the stock will do though
Look into the big MSO’s (multi state operators) that are actually making money. For example I’m all in Green Thumb ($GTBIF) and Trulieve (TCNNF)
Started buying TLRY under 1.80. It’s not land locked and has global reach with good brands. My opinion an evaluation under 1.5b is a good spot. 2 cents from an ape. 🤓
Well there is more world than US. $HITI for example is already making money just in Canada! And they are looking forward the expantion to Europe. Im bullish about this one.
Cannabis stock will boom with Federal rescheduling, Cannabis companies will finally be able to transport their products across state lines, immediately increasing their legal availability to customers 50x… Regardless of the black markets current productivity and competitiveness, the companies that will be newly listed on the NYSE within the first 5 years~ will most likely be extremely bullish. Cannabis is expected to be a 114B legal market (currently around 34B) in the next 10 years. I’d imagine some hedges plan to capitalize on it.
I sold mine off to buy chipotle. Stoners love burritos
It’s pretty gay
Buy low, sell high!
The Canadian companies that truly believe they will be able to sell their pot in USA are selling their investors a dream that will never come true. USA doesn’t sell Canadian cigarettes and only certain beers which have to be made to American standards (water in a jar).
Marijuana farms / industry are already losing their heads in the USA so I highly doubt the government is going to allow even more competition destroying business in America.
Some of these companies, paying $50+ million dollars a year to its executives who have done nothing healthy for the corporation or the business as a whole is practically their entire deficit. Stay away from marijuana stocks. The people involved in it are there to milk your wallet dry and nothing more.
As someone whos worked in that industry for 8+ years. The investors and CEO’s literally waste as much money as possible each year then complain the company is falling short. On top of hiring their coc dealers as high paid executives ( not a joke ) who often give the worst possible advice on managing grows and how to increase quality. I once had a officer of grow operations tell me to write a fucking THESIS on why putting fans in our rooms would help the quality of flower and how it would help with powdery mildew reduction.. They to this day still produce the worst quality bud in Maryland selling it as top shelf.