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Investing in Cannabis Related Stocks

Discussion in 'Cannabis News and Activism' started by TwistedGray, Jan 13, 2017.

  1. TwistedGray

    TwistedGray Well-Known Member

    Messages:
    463
    I could not find another thread related to investing in cannabis related stocks. I am curious what everyone's thoughts are on this ... preferably those who actively trade and/or follow stocks.

    NOTE: This is a living list, thus I will update it as we get more information. I have broken down the list to those on the major exchange and those on OTC (over the counter) or the Grey Market.

    NASDAQ stock
    INSY
    GWPH
    CARA
    ZYNE

    OTC or Grey Market stock
    KEEKF
    MCIG
    VPRB
    EMMBF
    MJNA
    VBIO
    AXIM
    CGRW
    CANN
    BLPG
    CBIS
    CBDS
    CBGI
    CNBX
    MSRT
     
    HellsWindStaff likes this.
  2. smokum

    smokum I am who I am and your approval isn't needed!

    Messages:
    2,072
    Location:
    Canaduhh
  3. HellsWindStaff

    HellsWindStaff Dharma Initiate

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    1,761
    I was thinking about investing in some stocks so maybe I will do this. More research necessary
     
  4. OldNewbie

    OldNewbie Well-Known Member

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    1,358
    I deal with people's finances every day. Once a year, I help them write it up. I am uncertain as to the value of investing in individual stocks.

    Sure, there will be winners and losers and the particular stock owned makes a difference. But, how can I compete with people who are looking all day long? (Actually, it's easy.) While I didn't see it this year, many years has the Wall Street Journal have a contest where they have a chimp throw a dart against the board a few times to "pick" a stock portfolio and then compare it to the best mutual funds. Who has a better result?

    The results are mixed. Some funds to better, some do worse; but, none consistently beat the chimp.

    If you want to "invest", you have to have a plan and not an idea. Even with research, how will you be able to tell which of the companies are going to make a profit? Are they the ones in the medical area or the consumer area? How do you know which of the ideas will come to fruition and bear profit?

    I "invest" (In the stock portion.) with no-load index funds focused in the U.S. I have no idea what particular stocks I hold. I readjust twice a year to allocate risk/reward according to my theory of conditions. Speculation on a new industry with the companies generally having a short track record is more gambling than investing. When you get to the penny stocks, the gambling aspect looks more like a lottery. It's fine to throw down a dollar or two for a dream. Thinking about how to spend the dream millions is fun. However, it's not investing.

    Does anyone know of a cannabis fund or index out there? As with others, I believe the industry is going to make money and I'd love to get a piece. Picking a winner, however, is better for me if I save it for the horse track.
     
    Last edited: Jan 17, 2017
    rad, j-bug, GreenHopper and 2 others like this.
  5. HellsWindStaff

    HellsWindStaff Dharma Initiate

    Messages:
    1,761
    Well said, I do need to come up with a plan as I don't want to throw money away. I've been meaning to invest (period) for a while now but haven't taken the time to properly think of what I wanted to invest in. I have some money tied up in a failing mutual fund and I plan to transfer it but I will likely just transfer to a different fund since I won't incur any penalties moving the money in house.

    I'm gonna do some research this week :)
     
    His_Highness likes this.
  6. TwistedGray

    TwistedGray Well-Known Member

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    463
    @OldNewbie I agree with your assessment and I did mention it as gambling to a friend yesterday. I have a few "regular" stocks in my portfolio, but I also have a selection of cannabis related stocks as well as the gamble.

    For me, I have an additional income stream that is otherwise "play money" that I'd use for stupid things I don't need. So instead of buying useless stuff (ie: I kind of want a drone, but why? I dunno.) I'll gamble it away in the stock market. It's not money I'd do anything else with, and I do enjoy monitoring the stock. So for me I have a vested interest in the fun factor more than making money...I'm investing in my fun :)
     
    Bdubbdiblets and HellsWindStaff like this.
  7. His_Highness

    His_Highness In the land of the blind, the one-eyed man is king

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    2,118
    Could This Study Could Be Disastrous for Marijuana Stocks? Other than the quotes below that I pulled out of the article I don't see anything of concern.

    "Substantial evidence was found for a link between marijuana use and increased risk of motor vehicle crashes. The study also cited significant evidence for a statistical link between mothers who smoke marijuana during pregnancy and lower birth weights of their babies.

    One of the most concerning conclusions of the study was that substantial evidence was found linking marijuana use to the development of schizophrenia or other psychoses. The most frequent users had the highest risk levels."


    http://www.fool.com/investing/2017/...gn=article&utm_medium=feed&utm_source=yahoo-2
     
  8. TwistedGray

    TwistedGray Well-Known Member

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    463
    I would agree with your comments, and to add that alcohol is a worse impairment for operating a motor vehicle than marijuana. I think there is anecdotal evidence of this...and I think it's pretty obvious that a high driver is a greater risk than a non-high driver. They're being a little Captain Obvious here.

    FYI: My INSY stock is still going fine but nothing to write home about.

    ps: I just bought some GWPH shares...been tossing this one back and forth in my head.

     
    His_Highness likes this.
  9. GreenHopper

    GreenHopper 20 going on 60

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    1,629
    Where can I hire this chimp?

    Will they work for peanuts?

    What ya mean that's a bananas idea?
     
    rad, brainiac and cloudsosmoke like this.
  10. TwistedGray

    TwistedGray Well-Known Member

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    463
    I get mine medicated on Banana OG before it throws darts!
     
    cloudsosmoke and GreenHopper like this.
  11. OldNewbie

    OldNewbie Well-Known Member

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    Well...it seems it was staffers at the WSJ that were throwing the darts. According to them, they do work for peanuts. Alas, they stopped doing the game over a decade ago.

    http://www.automaticfinances.com/monkey-stock-picking/
     
    GreenHopper likes this.
  12. ginolicious

    ginolicious Well-Known Member

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    869
    Playing stocks is difficult.

    Yeah I considered the same to invest in weed. But you do need a plan. You need to research the company. Look how involved they are. What their projections are.

    I would recommend investing in one of the top medical and one of the top recreational. You cover both bases with that. Now what's rated the best for each category, couldn't tell you.
     
  13. Shreddi

    Shreddi New Member

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    3

    Hey, I am thinking of investing as much as reasonably possible in these stocks. There are a couple extraction companies that supply a lot of the wholesale companies that make edibles. the concentrate is perfectly uniform and seems a lot are going the edible route. I will look up company and if public. Will post if you want. Good Luck.
     
  14. TwistedGray

    TwistedGray Well-Known Member

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    463
    ZYNE was going really well earlier for those following it...dropped a little bit after closing, but it's definitely still on the rise.
     
    turk likes this.
  15. Baron23

    Baron23 Well-Known Member

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    3,412
    I'm with you, mate. Picking individual stocks and timing them is a great way to make a small fortune....out of a large fortune.

    I also am very widely diversified with both index and managed funds. You are right on, if there was a broad based MJ index that would be fine, but I shy away from individual stock purchases in general.

    If a person wants to pick individual stocks, particularly in a very immature market area like MJ, then I believe that they should view it as a high risk gamble and only invest amounts appropriate to that risk level.
     
  16. TwistedGray

    TwistedGray Well-Known Member

    Messages:
    463
    I agree, and if they want to lessen their gamble they should stick with stocks in NASDAQ or NYSE instead of Grey Market or OTC.

    With that said, all of my cannabis related stocks are doing well.
     
    Baron23 likes this.
  17. Baron23

    Baron23 Well-Known Member

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    3,412
    Cool...I need rich friends! LOL

    Just pulling your leg a bit there, mate.
     
  18. TwistedGray

    TwistedGray Well-Known Member

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    An update for those interested.

    CARA is going strong
    CBIS is going strong

    The rest could use a bit of a umph!
     
    GreenHopper, Nooky72 and ShovelHead like this.
  19. TwistedGray

    TwistedGray Well-Known Member

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    463
    Ughh I regret not buying more CARA or CBIS stock almost as much as I regret selling my REGN stock early to swap out for Amazon and Facebook. I lost quite a bit on REGN so that I'd have the free cash to dump into AMZN/FB. Seems that REGN is on the rebound, and they have nearly reached my original buy point. However, I'll at least break even once those other two post their reports tomorrow. I might go back in and buy up a bit more in REGN; although, they seem a little volatile.
     
    Drexciya and GreenHopper like this.
  20. TwistedGray

    TwistedGray Well-Known Member

    Messages:
    463
    My only cannabis related stock holding are CARA, CBIS, CNBX which are all crushing it. In particular CNBX is blowing up!

    CARA is up 33% from when I bought it, CBIS is up 62%, but CNBX is up 196%. It is clearly the best performing stock in my portfolio right now.
     
    GreenHopper likes this.
  21. TwistedGray

    TwistedGray Well-Known Member

    Messages:
    463
    And down, down, down it falls (CNBX peaked at around $7.50 last night, down to $4.## today). Doh! Should've pulled out when I had a chance...now I'll wait to see if it climbs back up a bit before pulling the trigger.
     
    GreenHopper likes this.
  22. GreenHopper

    GreenHopper 20 going on 60

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    1,629
    Just so you know, I'm following your roller coaster ride of cannabis related investments, it's interesting to me.

    I guess the real test is in a portfolio that may go up and down in the short term but over the long term 2-5 years gradually increases.

    As the cannabis industry is still quite new and has a great deal of $$$ to generate, assuming the politics doesn't mess it up this market should only improve in the coming years. Now if only I had some money to put where my mouth/keyboard is.
     
    brainiac likes this.
  23. TwistedGray

    TwistedGray Well-Known Member

    Messages:
    463
    @GreenHopper, the cost to get in is cheap because the cost per option is low. There are exceptions, mainly those trading on NASDAQ. Of the three I am holding now only CARA is NASDAQ; the other two stocks are OTC. Those trade at $0.115 and $4.20 (CBIS and CNBX respectively).

    You can easily hop in and pick up some without being heavily invested. CARA is trading at $14.31 for reference.
     
    GreenHopper likes this.
  24. GreenHopper

    GreenHopper 20 going on 60

    Messages:
    1,629
    Firstly I must clarify that I in no way know anything about stock trading. My entire sum experience comes down to using Plus500 via a phone app which resulted in me making £500 on bitcoin investments just over a year ago (or thereabouts).

    I did have a quick look yesterday and couldn't see any of the options listed on the Plus500 system.

    I figured I'd have to get myself setup with a trading system that does cover the options you have highlighted.

    I would consider spreading £1000 over those if I could find a trading system that wasn't too expensive to trade on and could be managed from my phone or web browser.

    If it involves any more effort than an online sign-up and emailing ID then to be honest it's not going to happen.

    If you have any suggestions then I'm all ears.

    P.S. I have enough experience of capitalism to already know that the £1000 would be completely at risk of loss and although isn't money I'd be happy to lose, I could afford to do so if the markets tanked.

    Thanks BTW for keeping the info rolling in this thread :)
     
  25. TwistedGray

    TwistedGray Well-Known Member

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    463
    @GreenHopper, Can you invest in stocks that are traded on the US Stock Exchange? If so you should be able to at least find CARA. If you cannot find CARA then you're going to have issues.

    Can you use a common (common at least to the US) platform such as TD Ameritrade?
     
    GreenHopper likes this.

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