So about a year and a half ago I bought about 70$ worth of stock related to marijuana, thinking that with the legalization in CO, at least some of them might increase in value. Now they've depreciated to less than 10 dollars! What the hell happened to marijuana stock. I've checked on quite a few other companies related to the plant, and they've all plunged.
I ask you guys why? What is going on here, and do you think i'll ever see them increase in value again?
>>1100148
did you think the value of marijuana would really go up after legalization???
its just a plant. Over the next 5 years I would expect the spot price of a pound of marijuana to go down dramatically. you may one day recoup your losses if the marijuana industry becomes big enough, which is totally possible given that it was a 1bn dollar industry in colorado, but who knows how long that would take.
Everyone else thought they'd appreciate with legalization too.
The only thing that got high were the owners and govt income.
DUDE
>>1100148
AHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHA THAT IS WHAT HAPPENS WHEN U BUY PENNY STOCK
WED
>>1100161
you bourgeoisie bastard
>>1100148
obviously, they got high on their own supply
>>1100486
Very well said, sir
>>1100156
that wit lmao
>>1100148
like 5 in 6 stocks fail eventually
you should have spread your money out more
you should have started with more money too
That is too bad anon, but the most likely way to see a legitimate sustained gain would be for home growing to remain illegal, and for large commercial growhouses to send a regulated product by mail. At least that's the way Canada is proposing to do it.
I'd recommend some Canadian stocks due to the Liberal Party having this style of distribution as one of its platform promises.
