Cannabis stocks

[pmaloney]

The profit is definitely in the buds. :smile:

 

[amoeba]

There’s no way cannabis can’t be considered a budding growth industry.
I’m going to roll up on some stock this week. Have to start somewhere.

I'm not so sure here....the growth occurred with the proposition which decreed medicinal use. I dont really see much more new use by calling it recreational. But if the question is will the stock be bid up anyways? Certainly could...in the short term.

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[PKizzle]

Full time employees = ONE :boggled:

I too would be boggled if it were long term or a large $ amount, but I am short term and with a small position and it has doubled. Profit is profit.


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[SWAVET]

I'm long on CANN and a few other. STZ is expensive that related to marijuana drink and not many could afford couple hundred to thousand shares then call options is a good way to go with this.

 

[RazorCat]

I'm not so sure here....the growth occurred with the proposition which decreed medicinal use. I dont really see much more new use by calling it recreational. But if the question is will the stock be bid up anyways? Certainly could...in the short term.

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The increase in the number of users in the last decade hasn’t changed drastically as a result of legalization, medically or recreationally, as much as it has due to a decrease in disapproval. A societal change in attitude.
https://www.forbes.com/sites/tomang...-use-not-caused-by-legalization/#18a3ea6651b7
Teen use (thank God) has actually decreased in Colorado since legalization.
But, almost all the money generated by the distribution and sale of marijuana has historically been untaxed and unregulated.
Now, those billions of dollars are steadily moving into the legal marketplace. That’s where there’s money to be made. The shift of profits from sales and distribution to legal sources. And the change in how people use cannabis. Vaping, for example, has/will become huge as a clean (as possible), portable, concealable cannabis delivery system. That trend has already begun.
Anyway, it’s going to be entertaining trying to pick the winners going forward.

 

[rktect1]

Who has the scoop on california marijuana stocks. I'm jonesing here. What has some high expectations? Looking to pump about $20-$30g into something.

 

[Buster]

Mike Tyson breaks ground on California marijuana ranch

"CALIFORNIA CITY, Calif. (AP) — Former heavyweight champion Mike Tyson is becoming a California marijuana entrepreneur.

TheBlast.com reports that Tyson and partners on Dec. 20 broke ground on a plot for a cannabis resort in California City, a remote Mojave Desert town that's about a 110-mile (177-kilometer) drive north of Los Angeles.

Partner Robert Hickman tells the website that the undeveloped lands are primed to be cultivated and that Tyson Ranch will be an oasis.

In a video of the event, California City Mayor Jennifer Wood thanks Tyson for his commitment to the community, saying the industry will provide medical marijuana to people in need, revenue, jobs and income for residents.

Calls and emails from The Associated Press to a Tyson representative and the mayor were not immediately returned Tuesday."

 

[rktect1]

OK. So todays news about AG Jeff Sessions has scared me a bit. I looked up CANN which dropped on this news 30%. I pulled back to a modest 750 shares at $7.35 per share for about $5,512 plus $7 for the trade which I had to do over the phone as Vanguard has put a hold on online trades with this.

Crossed fingers for a bounce back up.

 

[nnuut]

I lived in the Mojave desert when I was a kid, lots of land, not much water. They might be able to grow Tumble Weeds there.

The third largest city in California is this huge desert ghost town

• Leanna Garfield

Dec. 10, 2015, 10:50 AM

California's two largest cities by area, Los Angeles and San Diego, have beautiful beaches and boast more than a million residents.
California City, which sits in the tumbleweed and dust-filled Mojave desert, is the unexpected third.
Just 14,000 people live in the 203-square-mile city northeast of Los Angeles, as a video from YouTube personality Tom Scott reveals.
A ghostly patch of land, California City signifies the unrealistic ambitions of post-WWII development.
In the late 1940s, California experienced a population boom. Looking to get rich quick, many real estate developers looked West to build new suburbs. Clearing California City's land for development ironically led to more dust storms, and the suburbs never quite caught on.
"They built it, and no one came," Scott says in the video. [more]

California City ghost town in the Mojave Desert - Business Insider

 

[Buster]

I lived in the Mojave desert when I was a kid, lots of land, not much water. They might be able to grow Tumble Weeds there.

The third largest city in California is this huge desert ghost town

And this has WHAT to do with cannabis stocks, I dare ask?

 

[nasa1974]

The Tyson post mentions California City.

 

[nnuut]

Read the post about Tyson. That will explain nnuut's post.

Yep, I don't think Mike qualifies as a knowledgeable FARMER.

 

[RazorCat]

OK. So todays news about AG Jeff Sessions has scared me a bit. I looked up CANN which dropped on this news 30%. I pulled back to a modest 750 shares at $7.35 per share for about $5,512 plus $7 for the trade which I had to do over the phone as Vanguard has put a hold on online trades with this.

Crossed fingers for a bounce back up.

Yeah, I saw this brief story on MSN this AM. The part were it states "Sessions compares marijuana to heroin and blames it for spikes in violence" has me a bit confused.
Is he talking about the violence associated with the sell and distribution of illegal pot? You know, the stuff law enforcement has been almost powerless to stop for decades because it's, you know, illegal and unregulated?
Or is he referring to those mythical creatures, the violent pot smoker? I've never personally encountered one, but apparently they exist if that's what Sessions is referring to.

US to end policy that let legal pot flourish
https://www.msn.com/en-us/news/us/us-to-end-policy-that-let-legal-pot-flourish/ar-BBHRgOQ?li=BBnbfcL

 

[RazorCat]

I wonder if the fact that it's the desert, and there's no water, came up in the conversation between Tyson and the California City Mayor?

 

[Buster]

The Tyson post mentions California City.

OH..I see now..I thought it was "a" California City, not a city named California....And here I though Oklahoma was the only one being clever with Oklahoma City in Oklahoma county in Oklahoma...go figure

 

[Buster]

I wonder if the fact that it's the desert, and there's no water, came up in the conversation between Tyson and the California City Mayor?

I'm sure plans for irrigation is also on the table..Ever see the huge and many GREEN crop circles around Phoenix?..So it's very doable.......Can't drive a car without gasoline

 

[nnuut]

I'm sure plans for irrigation is also on the table..Ever see the huge and many GREEN crop circles around Phoenix?..So it's very doable.......Can't drive a car without gasoline

The land in the Desert is cheap, if it could be used for agriculture I'm sure it would have been done before.

 

[James48843]

Sessions announces end to policy that allowed legal pot to flourish

DOJ leaders said the Obama-era policies made marijuana industry players too comfortable.

By JOSH GERSTEIN and CRISTIANO LIMA
01/04/2018 09:31 AM EST
Updated 01/04/2018 12:15 PM EST

Attorney General Jeff Sessions announced Thursday he is rescinding an Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, prompting quick pushback from at least two Republican senators from states that allow its use.

In a long-awaited move, the Justice Department chief withdrew federal guidelines that effectively limited prosecutions of businesses and individuals who sold pot in a legal manner under state law, even though the drug remains illegal under federal law.

Sessions said future prosecutions would be up to individual U.S. attorneys. However, the announcement appeared intended to discourage marijuana-related business by being deliberately vague about future federal enforcement efforts. The effort will likely further muddle the legal status of marijuana for states that have passed legislation allowing people to grow, buy or use pot.

"Given the Department's well-established general principles, previous nationwide guidance specific to marijuana enforcement is unnecessary and is rescinded, effective immediately," Sessions said in a one-page memo sent to federal prosecutors nationwide.

More:
https://www.politico.com/story/2018...rijuana-policy-us-attorney-enforcement-324020

 

[amoeba]

OK. So todays news about AG Jeff Sessions has scared me a bit. I looked up CANN which dropped on this news 30%. I pulled back to a modest 750 shares at $7.35 per share for about $5,512 plus $7 for the trade which I had to do over the phone as Vanguard has put a hold on online trades with this.

Crossed fingers for a bounce back up.

A bit? Apparently not much if you bought. Or did you sell?

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[blackoutcl]

Sector has been down lately but hoping this is a dip so I bought more. In SPRWF @ 2.08. Still up over 100% on LBUY