The prospect of federal legalization in the U.S. could spark a torrent of acquisitions in the cannabis industry. This is just one that has a lot of positive hype to go along with the technicals. There are dozens of pot stocks. Take your pick and do your due diligence and you can make some d'oh. (This is not stock advice. )Just what I've heard from peeples who do this for a living. I've heard it has a lot of volume and may hit 4. The election has given the pot industry a boost. I just buy gas and food with my money. Electric cars and clean energy are good bets, too, btw.
Thanks. I am watching it. (In passing, the big story in the stock market over the past 3 months has been oil exploration and production companies.)
In the meantime, I went ahead and established a small, initial position Fire & Flower Cannabis FAF.to. OTCQX: FFLWF. It is owned by Alimentacion Couche-Tard (own) that runs a growing international empire of roadside convenience stores and fuel stops.
Fire & Flower just announced that it would list on NASDAQ. Already one of the largest cannabis retailers in Canada, FAF also recently announced a strategic agreement with private Canadian company to distribute products in CA, AZ and NV.
This is a very speculative play. For adults with risk management skills. Or for trust funders, oil patch workers and the terminally ill with nothing to lose.
I would not recommend any mary jane stock. Tried that once and and lost my whole investment.
But it is Reddit hot at the moment.
It's like any other stock. Do your diligence, pick your entry and exit points. I rolled a good bit of my at risk fund into mj and solar energy stocks right after the election. It's been a healthy start to the year. I've already hit my sell points on a few of them. I've bought back in on a couple of the energy stocks.
The reddit stuff is baffling to me. There is very little view of fundamentals, just crowd think and momentum. I've thought of trying to make an options model that works on against them, but crazy doesn't fit in a spreadsheet. Just review your stop loss orders frequently and move them as appropriate.
I also subscribe to the theory that once you hear about the next great thing, it is too late to act on it.
Time to place your US cannabis bets in the stock market?
Any favourites to share? Please pump away.
I'd go short on prisons.
LOL!
OK, I'll bite. Names?
It seems that one should have shorted US private prisons before Biden's executive order in late January to limit use of private prisons for the justice system.
The prospect of federal legalization in the U.S. could spark a torrent of acquisitions in the cannabis industry. This is just one that has a lot of positive hype to go along with the technicals. There are dozens of pot stocks. Take your pick and do your due diligence and you can make some d'oh. (This is not stock advice. )Just what I've heard from peeples who do this for a living. I've heard it has a lot of volume and may hit 4. The election has given the pot industry a boost. I just buy gas and food with my money. Electric cars and clean energy are good bets, too, btw.
Three Democratic senators announced this week that they would introduce legislation that would remove marijuana from a federal list of prohibited drugs, effectively legalizing the recreational use of cannabis for adults in the United States.
