Buying stock in weed?

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  1. Ddaddy

    Ddaddy I'm changing the World... one pixel at a time! FABO Gold Member

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    It isn’t up to Joe...it’s up to Congress. And we all know what a can of worms that is...

    I deal with FDA and DEA on a regular basis for CBD and THC and until Congress makes a firm law regarding legalizing weed, it will remain a complete cluster f*ck for business development around it. Further, once FDA approves a Pharmaceutical drug using an active ingredient in weed, no one can legally put it in anything else even calling it a supplement. Just like you can’t put Viagra in Cheerios and call it a supplement.

    The regulatory landscape is a complete nightmare.
     
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    • LocuMob

      LocuMob Fluid Technician FABO Gold Member

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      I know it's up to congress, it's one of Joe's wishes.

      I can imagine what a mess it is behind the scenes.
       
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      • Mouse action

        Mouse action Well-Known Member

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        All my week stock keeps going up in smoke
         
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        • 67/6barracuda

          67/6barracuda FABO Gold Member FABO Gold Member

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          Only because trillions of stimulus is being pumped into it. Wait till the new car smell wears off.
           
        • RustyRatRod

          RustyRatRod I was born on a Monday. Not last Monday. FABO Gold Member

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          ...

           
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          • kursplat

            kursplat FABO Gold Member FABO Gold Member

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            so what about it's straight laced brother hemp? here's a cheap stock for ya
             
          • go-fish

            go-fish Well-Known Member

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            Tell me about it! I get it for free from my wife and I caught a life sentence. 17 years in.:BangHead:
             
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            • MOPARMAGA

              MOPARMAGA FABO Gold Member FABO Gold Member

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              As a recovering addict & bad guy I couldn't make another penny off of any drug & feel good about myself. But best of luck to anyone who does !
               
            • 383Scampman

              383Scampman Well-Known Member

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              Why don't you buy stocks in poison . Much better returns . Come over to my house and I will show you the ashes of my son and grandson who started with weed . How about meth stocks ? Or crack ? I have no use for anyone who profits from someone's misery .
               
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              • Ddaddy

                Ddaddy I'm changing the World... one pixel at a time! FABO Gold Member

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                Hemp is even a worse bet. The market is over-saturated and the only profitable part of it is the CBD they can extract and it faces the exact same regulatory risks I stated earlier. Once FDA gets busy enforcing the CBD restrictions on OTC products resulting from there being approved prescription CBD drug products, hemp is done.
                 
              • 12many

                12many Well-Known Member

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                Two years ago a invested about $3000 in a diverse cannabis portfolio, CBD only (drinks, oils etc) a few recreational use grower companies, packaging companies etc. within a few months i was up over $500 in growth and was getting ready to invest more. Then all of a sudden all of it started to tank to the point my value was at $1500. Dumped All investments , but for Charlottes Web (cbd) and rolled everything into that one. Quickly regained and after factoring transaction fees etc sold it off and got every dime out of the endeavor. Have been watching all the investments that I dumped, including the at the time good performing Charlottes Web, pretty much 80-90% less value now than at the time I dumped them. Phew!!! Too volatile for me (I knew that going in) You got extra money to play with by all means good luck. I’ll stick with my 401k :lol:
                 
              • EvaUnit

                EvaUnit Member

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                Yes. As soon as cannabis was legalized in Canada I started ordering it more often. Cannabis is often prescribed as a treatment to stop various inflammations. The main thing is to write the specific actions of cannabis and how it can help with pneumonia. Then the government will be interested in this idea. When my sister gave up gymnastics, her knee became inflamed (it looked terrible). This was due to the fact, that she began to accumulate fluid in the knee area (I don't remember the exact diagnosis). The doctors took out this liquid with a big syringe, every month. My sister suffered incredibly until one of our friends recommended her to order it at weedsmart.net. She was agreed to everything, and so she ordered cannabis. A month later, the knee began to return to normal and soon the inflammation passed. This situation has radically changed my attitude to cannabis.
                 
                Last edited: Apr 4, 2021
              • RussellSullivan

                RussellSullivan FABO Gold Member FABO Gold Member

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                How can you be asleep if you're standing on the corner all night? :rolleyes:
                 
              • DodgeLad

                DodgeLad Victim of Circumstance

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                Governor of NM to sign legal recreational weed bill today. It's already medically legal and the stuff is everywhere. Schwag comes up illegally from Old Mexico, lots of local illegal and legal indoor growing, purchased medical MJ making it's around too. Wonder what the difference will be with Big Brother in the mix.
                 
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                • Mouse action

                  Mouse action Well-Known Member

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                  N.Y. Just got legal,,up to 3oz personal is not a crime,
                  Although I think 3oz is a lot of weed to be walking around with.but hey it’s also legal to change your gender,,,,so what do I know???
                   
                • cojohnso

                  cojohnso Well-Known Member

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                  Right now? It does appear to disorganized. (Like weed smokers? Lol) I'll wait.
                   
                • 68383GTS

                  68383GTS Well-Known Member

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                  I bought some Nio ev stock and a few others.
                   
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