Investing

Marijuana Stocks

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  • Apr 24th, 2018 2:54 pm
Sr. Member
Apr 5, 2009
891 posts
73 upvotes
grilw wrote:
Nov 14th, 2017 4:32 am
Getting my feet wet
Not the best day to come in at market price on opening, but hindsight is always 20/20 welcome to the market :)
Sr. Member
Sep 15, 2006
616 posts
169 upvotes
Sorry if this has been asked numerous times and pardon my stupidity, but is trading marij stocks legal, even though it hasn't been legalized in Canada? I just recently had a conversation with some people re: and it seems like there is a lot of money to be had in it. Can these companies get shut down and then you lose your money?

Again, sorry if this is a stupid question.
Deal Addict
User avatar
Feb 25, 2004
1127 posts
40 upvotes
Vancouver
Steven91 wrote:
Nov 14th, 2017 11:32 am
Not the best day to come in at market price on opening, but hindsight is always 20/20 welcome to the market :)
Thank you. About break-even today thanks to ACB order going through mid-morning.

Some research analyst was on BNN this morning, their price target for Y/E 2017 is still 16.50 for WEED :| , that's not good news ...
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Deal Addict
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Feb 25, 2004
1127 posts
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Vancouver
RFD effect? Hah
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Sr. Member
Dec 14, 2011
992 posts
277 upvotes
London
engman13 wrote:
Nov 14th, 2017 12:47 pm
Sorry if this has been asked numerous times and pardon my stupidity, but is trading marij stocks legal, even though it hasn't been legalized in Canada? I just recently had a conversation with some people re: and it seems like there is a lot of money to be had in it. Can these companies get shut down and then you lose your money?

Again, sorry if this is a stupid question.
Medical MJ is legal.
Deal Addict
User avatar
Jun 19, 2009
4636 posts
759 upvotes
Scarborough
engman13 wrote:
Nov 14th, 2017 12:47 pm
Sorry if this has been asked numerous times and pardon my stupidity, but is trading marij stocks legal, even though it hasn't been legalized in Canada? I just recently had a conversation with some people re: and it seems like there is a lot of money to be had in it. Can these companies get shut down and then you lose your money?

Again, sorry if this is a stupid question.
Yes trading these stocks are legal. Most of these companies have a medical aspect and once legalization occurs in Canada will have the infrastructure/capacity to provide for the casual market as well. There's a lot of money to be made, but also a lot of money to be lost as well.
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Feb 25, 2004
1127 posts
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Vancouver
jerryhung wrote:
Nov 14th, 2017 1:31 pm
ACB very strong today, insane volume, 52M so far already
$6.9 -> $5.26 -> $6.3x now
Just took some profits on ACB from purchasing earlier today at 5.81!
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Deal Addict
Nov 17, 2007
1693 posts
174 upvotes
Kitchener
Sold 20% of Weed today, got back roughly 50% of my initial investment.
Deal Addict
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Feb 25, 2004
1127 posts
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Vancouver
What's the deal with HEMP? Literally a penny stock right now
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Deal Guru
Dec 31, 2005
13279 posts
708 upvotes
grilw wrote:
Nov 14th, 2017 1:42 pm
What's the deal with HEMP? Literally a penny stock right now
Its at 2.88...highest its ever been? What are you referring? The US NASDAQ stock...that's a different beast.
Sr. Member
Sep 15, 2006
616 posts
169 upvotes
SkimGuy wrote:
Nov 14th, 2017 1:16 pm
Yes trading these stocks are legal. Most of these companies have a medical aspect and once legalization occurs in Canada will have the infrastructure/capacity to provide for the casual market as well. There's a lot of money to be made, but also a lot of money to be lost as well.
Thanks, that makes sense. Just like anything on the stock market, there's risk to lose a lot. I don't plan on jumping in without doing my research but it's good to know regardless!
Sr. Member
Nov 20, 2008
808 posts
108 upvotes
Would like to choose a few stocks to invest longer term in. Is there any suggestions on where to find info to get started investing in this rather new industry?
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Feb 25, 2004
1127 posts
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1C5 wrote:
Nov 14th, 2017 2:10 pm
Would like to choose a few stocks to invest longer term in. Is there any suggestions on where to find info to get started investing in this rather new industry?
I think that is the whole point of this thread ...
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