Weed Stocks – Piggington's Econo-Almanac

This topic has 60 replies, 17 voices, and was last updated 10 years, 7 months ago by livinincali.

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January 9, 2014 at 7:04 AM #20912

Coronita
Participant

Ok… Name your most speculative MJ/weed stocks you are buying…

I bought 3000 shares of PHOT for fun @$0.35/share

Anything else interesting out there?

January 9, 2014 at 7:50 AM #769626

LAAFTERHOURS
Participant

All recreational shops are raising prices like crazy due to shortages in supply. The recreational shops think that should level off many months from now so jump at your chance now and ride the wave.

Medicinal only shops are still running strong with their supply and not raising prices. The recreational markup is crazy and you can’t get the same stuff that medicinal patients can get.

January 9, 2014 at 7:59 AM #769627

jeff303
Participant

Banking regulations still need to be updated so that legal pot businesses can open bank accounts and accept credit card payments. Until this happens, I think it might be too risky from an investment perspective.

January 9, 2014 at 12:22 PM #769628

livinincali
Participant

Nice volatile bubble stock you got there. This morning you could have got out with a 30% gain. Now you’re looking at a 20% loss. Of course tomorrow you might be up 20% or down 20%.

January 9, 2014 at 12:29 PM #769629

mike92104
Participant

I’m sure it will shoot up again at 4:20 p.m.

January 9, 2014 at 3:18 PM #769633

XBoxBoy
Participant

Besides PHOT what other weed stocks are there?

January 9, 2014 at 4:27 PM #769634

jeff303
Participant

[quote=XBoxBoy]Besides PHOT what other weed stocks are there?[/quote]

There’s MJNA but it seems dicey. What about companies that make supplies like grow lamps, etc.? Amusingly enough, there’s POT, which is only tangentially related.

January 9, 2014 at 11:48 PM #769653

CA renter
Participant

[quote=LAAFTERHOURS]All recreational shops are raising prices like crazy due to shortages in supply. The recreational shops think that should level off many months from now so jump at your chance now and ride the wave.

Medicinal only shops are still running strong with their supply and not raising prices. The recreational markup is crazy and you can’t get the same stuff that medicinal patients can get.[/quote]

I’m out of the loop on this stuff, but do we have legal “recreational” shops??? How does that work?

January 10, 2014 at 7:14 AM #769660

XBoxBoy
Participant

[quote=CA renter]I’m out of the loop on this stuff, but do we have legal “recreational” shops??? How does that work?[/quote]

Colorado now has legalized pot for recreational use. So in Colorado there are now legal “recreational” shops. Not so in California. Least not yet.

January 10, 2014 at 7:21 AM #769661

livinincali
Participant

[quote=livinincali] Of course tomorrow you might be up 20% or down 20%.[/quote]

Looks like 20% movement for today was right. Unfortunately is was down another 20% to .19/sh

January 10, 2014 at 8:10 AM #769662

Coronita
Participant

[quote=livinincali][quote=livinincali] Of course tomorrow you might be up 20% or down 20%.[/quote]

Looks like 20% movement for today was right. Unfortunately is was down another 20% to .19/sh[/quote]

Meh it’s like 3000 shares. I think I can afford it if it goes to $0….

January 10, 2014 at 8:32 AM #769666

scaredyclassic
Participant

Colorado legalizing before CA. Truly embarrassing … CA is out of it.

January 10, 2014 at 9:33 AM #769667

spdrun
Participant

^^^

California has strong cops’ and jailers’ unions with lobbyists, CO less so.

BTW: When I saw the title, I thought that the thread would be about hoarding marijuana in preparation for the zombie apocalypse. Got to have something to calm the angry zombies down — then again, hungry zombies may not be ideal either.

January 10, 2014 at 9:59 AM #769669

livinincali
Participant

A good investment would have been to buy weed here in CA and drive it to CO. Prices in CO are crazy high while there’s a temporary shortage.

January 11, 2014 at 2:19 AM #769677

CA renter
Participant

[quote=XBoxBoy][quote=CA renter]I’m out of the loop on this stuff, but do we have legal “recreational” shops??? How does that work?[/quote]

Colorado now has legalized pot for recreational use. So in Colorado there are now legal “recreational” shops. Not so in California. Least not yet.[/quote]

Thanks for the clarification. I was reading it as California having “recreational” shops.
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