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The Green Rush - Investing In Cannabis

Discussion in 'The Vapor Lounge' started by Your Highness, Dec 30, 2013.

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Do you think investing in Cannabis is a safe bet?

  1. yes

    33.3%
  2. no

    26.7%
  3. Im staying on the sidelines

    40.0%
  1. Your Highness

    Your Highness Cannasseur

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    Has anyone ever thought about investing in companies that service that cannabis industry? I mean with the way that legalization appears to be going it only makes sense that this is the new frontier for investment opportunities and wealth building. I have been buying some of these stocks and although you have to do your research like any good investor, the returns have been pretty good so far.

    Anyone else in on the green rush whether it be investing or a new product to service the industry? I want to build my future wealth around this plant that we all love so much! This is the ground floor so to speak...
     
    basement farmer likes this.
  2. stickstones

    stickstones Eccentric of mist Staff Member

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    what companies are you researching?

    it would be safe to get into some kind of 'picks and axes' type industry like fertilizer, but an industry already that big won't see much of a bump. it would have to be a company that has a product that is not cannabis specific for me...otherwise I think it is still pretty risky.
     
  3. Your Highness

    Your Highness Cannasseur

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    @stickstones When I got started looking into this a Google search led me to these first few sites and then I took it from there.

    http://www.thcbiz.com/marijuana-stocks.html
    http://mmjbusinessdaily.com/category/stocks/
    http://marijuanastocks.com/content/list-marijuana-stocks

    But in doing some additional research, what I am finding out is that a lot of these companies are doing a lot more then serving the cannabis industry. And those are the ones that are looking quite attractive. Like companies that deal in horticulture products but happen to also service the cannabis industry. I also see some big Pharm companies trying to develop THC derived drugs.... those I'm not interested in.
     
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  4. FrogBoy138

    FrogBoy138 Well-Known Member

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    I've lost a bit of money in the stocks about $1600 Medbox, cannabis science, hemp I've learned my lesson.
     
  5. Your Highness

    Your Highness Cannasseur

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    @FrogBoy138 Wow sorry to hear that! There is no doubt that it is a very volatile market for sure (Cannabis stocks). But if you play it right you can see huge gains! At what time were you in the market? Was it long term that you lost? Day trading?

    I play around trading during the day whenever I get a break. I have seen ups and downs but mostly ups. I also don't hold long.... usually a day or 2 for these penny stocks but I'm usually trading before market close if I am on the plus side.
     
    basement farmer likes this.
  6. FrogBoy138

    FrogBoy138 Well-Known Member

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    Got into it about eight months ago trying to day trade. Buying Medbox mostly to start but as the price went down I just kept buying more and more then started to get into the others cannabis sci and such.
    Same thing they keep losing money and I'm buying more. If Medbox ever goes back to $35 the price I got in at I'll be up and run. I thought QE would help my stocks wrong. If your making money from it I'm happy for you but it seems like more risk then it's worth for me. I'll stick to playing poker
     
  7. Your Highness

    Your Highness Cannasseur

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    @FrogBoy138 thanks for sharing your experience! I will certainly proceed with caution...
     
    basement farmer, Ansel and Snappo like this.
  8. Jeremy Driscoll

    Jeremy Driscoll Well-Known Member

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    I didn't even know there were any companies that you could invest in regards to MJ. Wish I knew when I had some money to spend earlier. Man that is amazing. So many stocks and from what it seems it looks like majority of the stocks are + up.

    So how does one invest in the stock market from home on the internet?
     
  9. Your Highness

    Your Highness Cannasseur

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    @Jeremy Driscoll I really just randomly picked up 200 shares of medbox yesterday and it's already up an unbelievable 87 %! Of course I sold this afternoon right before market close and made a couple grand profit! I know these results are probably not typical but what timing! Anyway I picked it up at 11yesterday....watched it climb all day to close at 14. Then today, they released a press release of the CEO on an interview with icannabis radio and it shot up as high as 20. I sold at 18.80!

    This is fun....at least while I'm on the up side!

    TD Ameritrade.... 9.99 per trade.

    MODS: Sorry for the double post.... Please combine.

    mod note: As you wish, Your Highness.
     
    Last edited by a moderator: Jan 1, 2014
  10. Your Highness

    Your Highness Cannasseur

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    Well my friends...... Medbox is up an unfreaking believable 600 % since last week!!!!!! OMG what a stock to get in on at 11 dollars!! Im shooting myself for selling at 30 and now today its at 60. I think the MiVape will certainly be coming. NOW.... what other hot cannabis stocks to look at.
     
  11. Jeremy Driscoll

    Jeremy Driscoll Well-Known Member

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    I'm afraid to invest. This looks too good to be true, it seems like its a sure thing, is there any risk?
     
    basement farmer likes this.
  12. Your Highness

    Your Highness Cannasseur

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    "Scared money don't make money" You have to be in it to win it! I have only been dabbling for a short time but I can tell you, its not for the faint of heart.

    And yes it is very risky!

    Edit: As of 2:00 PM the stock is up to 70 dollars..... when will it stop!?
     
    Last edited: Jan 7, 2014
    basement farmer and RUDE BOY like this.
  13. FrogBoy138

    FrogBoy138 Well-Known Member

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    Your Highness Good for you I know your killing it. Your suicide strategy of buying a bunch of one stock worked. Lucky me I seen my chance to get out even and took it.

    edit Don't forget to sell
     
  14. bleak

    bleak Well-Known Member

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    I'm not investing money as such, but I am involved in the business.

    My expertise is in visual design, photography, video, marketing, advertising and so on. My clients include headshops, vaporizer retailers, seed banks, mushroom-kit companies and various other related products. I won't mention specific brands here in public, but its almost guaranteed you have all seen my work at one time or another :)

    This all started out 3 or 4 years ago when I was living in Amsterdam, and was originally just a side-project to my normal "straight" work in the advertising industry. But its grown and grown over the years and now my the majority of my work is in the canna-industry. This is party intentional (I'm passionate about this field), and party because of the growth in this area.

    I'm very excited about where this is all going. I read that the portable vaporizer market alone is now a billion-dollar-a-year industry and is growing at 30% per annum! There are so many startups coming into the market with new and groundbreaking ideas. All of these companies need creative services like graphic design, product photography, videos etc, and thats where I come in.

    I really hope this doesn't sound too spammy, but..... If any manufacturers are reading my post and are interested in what I can offer, send me a PM and I'll be happy to send you my portfolio.
     
  15. the Edge

    the Edge Active Member

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    Talk about timing. Well done Your Highness!
     
  16. stickstones

    stickstones Eccentric of mist Staff Member

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    Any chance you could link that? I wonder if it included all the nicotine ecigs in the numbers.
     
  17. basement farmer

    basement farmer My face is melting...

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    Long term, it's probably a bubble. Because legal weed sales are confined as a regional industry, the market can only expand so far.

    Legalization is probably the quickest way to make pot unprofitable unless you have the economy of scale to produce or sell it at lower price.....just like any other commodity. My guess is that the CO and WA initiatives will eventually make it tough to impossible for the mom 'n pop commercial growers to make a go at it, which is unfortunate. Look forward to GM seeds from Monsanto someday in the future:ugh:

    I'd put my money into the support side of the industry.
     
    Last edited: Jan 9, 2014
    Your Highness likes this.
  18. bleak

    bleak Well-Known Member

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    I just had a look for the article but couldn't find it again, sorry! Its quite possible they included e-cigs to make the numbers sound more impressive, but still...
     
    Your Highness likes this.
  19. syrupy

    syrupy fumed

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    1,500
    Never heard of Medbox, but as of today their stock is $28 and change, with a 52-week range of $8 to $93. A lot of playing this stock looks to be in the timing... http://finance.yahoo.com/q/bc?s=MDBX

    Not sure how viable investment-wise the MJ space is, but I've seen plenty of folks take a bath buying small OTC stocks. It would be safer to invest in a MJ-based mutual fund, but it looks like there aren't enough companies to make one yet. Once the legal and banking/tax hurdles surrounding this type of business are cleared, they'll be some bigger flows of equity and more places to invest. Then things will get very interesting!

    @stickstones here's a couple of links in regards to your question about the e-cig/vape industry:

    http://www.statisticbrain.com/electronic-cigarette-statistics/

    http://www.cannabisfn.com/vaporizers-could-become-the-google-of-cannabis/

    Also found an article about a company traded under the symbol VAPE (talk about your premier ticker symbol!), that went from less than a dollar up to $40. But with no revenue, their expected stock price target is $1. Let the buyer beware!
     
    Last edited: Apr 1, 2014
  20. Your Highness

    Your Highness Cannasseur

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    I got in on MDBX and dumped it for a profit early. I currently hold GWPRF which I grabbed at 2.90... its currently at 5. You can definitely make some money.... or lose a ton! Medbox is also the maker of the ViVape and MIVape vaporizers. I can tell you that I have made more profit on my cannabis stocks then the rest of my portfolio. Twitter right now is killing me.... bought it at 65.... now 44.
     

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