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snowparty
Mar 23, 2008
Hello goons,

I'm a man much like many who are in pursuit of excitement. I live in a state that makes boatloads of money on the back of natures magnificent plant we like to call cannabis. It seems to me that this plant is the second coming of the "gold rush" often dubbed the "green rush." I'm not necessarily looking to start a dispensary or a grow warehouse. I'm more or less looking for a foot in the door in investing in companies that use this gift from nature as a means to making money. I believe that placing money into the right companies can have a life changing return. One that just about anyone can venture in to. I understand that hemp is the cash crop but because of its scheduled state, it is hard to be used for research and the many other benefits that it could provide. Does anyone have experience in investing in this regard? Tell me about medical, recreational, textile, biofuel, etc. Any information that can get me started in the right direction. Tell me about your success stories, your failures, or any hunches that you may have toward future growth. The time is now goons. Let's get caught on the right side of history.

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Liquid Communism
Mar 9, 2004


Out here, everything hurts.




Do you like losing all your money when the grow-op gets bootfucked by the feds?

If so, go for it.

If not, wait a bit until they're not subject to instant confiscation of all finances at the will of the Trump Administration's DEA.

Ein cooler Typ
Nov 26, 2013

by FactsAreUseless
drugs are bad

NihilismNow
Aug 31, 2003
Get someone to front you a g pack and start slinging that poo poo on the corner.

Aryu Kiddimeh
Nov 9, 2012
don't get high on your own supply

Ein cooler Typ
Nov 26, 2013

by FactsAreUseless
protip: give out the first weed for free


that's enogh to get people addicted, they'll come back and you can charge them whatever you want

snowparty
Mar 23, 2008
So nobody here has actually made any returns from investing in stocks? I know how to sell weed lol. That's not my aim. There are stocks out there like Meadow and TerraTech that have done quite well. I'm more interested in capitalizing on companies like that.

Yes with Trump in office there is a huge risk with all operations potentially being shut down but high risk can yield high reward. It's a huge cash cow for a lot of these states and there are plenty of civilians cashing in as well. I'd like to be in prime position to make gains in the event it ever does go federally legal. So again, are there any goons out there that has any type of experience in what I am trying to achieve?

I LIKE COOKIE
Dec 12, 2010

I've never bought stocks or invested in a company, but I'll try to answer the best I can.

I think the real money would be in getting in on the ground floor when a new state votes in legal medical/recreational Marijuana use. In Colorado I think they just gave out licenses to grow weed like candy. In other states that's not the case. I think it was Michigan that made companies bid for contracts? And only gave out a certain number of them. I'm not very knowledgeable on the politics of this topic and if other states are moving towards the contract system, but I'll just assume that for the sake of this post.

So you'll need to make yourself knowledgeable about the process in which a company can apply for the contract in that state. Find out if it's public record what companies are applying, or try to figure it out by any means necessary. Fly to that state and sit in a drat hearing if you have to.

Once you have that information, and you've drawn conclusions about which few companies have the best chance of getting the contracts, then you buy stocks.

You could wait for the contracts to be set in stone before buying, but the stock prices would already be high, because you'd have to assume everyone and their mother is insider trading like a mofo. People already know there's money in this. So it's possible to get screwed by buying the stocks, but you already know that. Stocks is gambling.

So yeah. Those companies you named, try to figure out their plans and if they intend to move in on a new Legal state, I guess. Information is power when it comes to the stock market.

Alternatively, you could just Rothschild that poo poo and bet on every company that applies for the contract lol.

I could go into more detail about the people side of things, but I'll just say this- it takes a lot of time, work, and social engineering to even become friendly with a company. To be in their inner circle and know what their next move will be? Good luck. You'd probably be better off with a lucky guess or two.

Disclaimer: I have never bought stocks so if If what I say sounds unintelligent please disregard lol

fantastic in plastic
Jun 15, 2007

The Socialist Workers Party's newspaper proved to be a tough sell to downtown businessmen.
If you want money-related excitement with a low probability of making a modest windfall, you'd have a lot more fun in Las Vegas.

The process for what it sounds like you're proposing to do is straightforward. Go meet a lot of people who want to, or are in the process of, starting a marijuana company. You'll find a lot of people who want you to give them your money. Eventually one of them will persuade you that he or she has a product, team and strategy which will dominate a market. You then give them your money in exchange for a piece of paper which says you own some small percentage of their company. This is often called "angel investment" and is how you get in on startups if you're not a professional investor. You can start reading about the world of startup finance by researching things like how rounds of funding work or how preferred stock is handled. If those subjects don't bore you to tears, then learning them will point you in the direction of finding out what else you should know.

As an example of what table stakes looks like: YCombinator, a famous venture capital firm in Silicon Valley, offers $120k in exchange for 7%. They're also well connected in Silicon Valley, so they have that as an advantage over a random dude with $120k to spend.

champagne posting
Apr 5, 2006

YOU ARE A BRAIN
IN A BUNKER

First things first: If you want to directly invest in a business you should be an expert in that field or have a tremendous amount of experience with businesses in that field.


but really lol at investing in anything other than index funds.

Michael Corleone
Mar 30, 2011

by VideoGames
Buy dimebags in Canada
Sell them in the US
Profit off of the exchange rate

Vezbot
Jan 2, 2005

PFC Nole, our officer in the hole
Pot companies are traded over-the-counter on pink sheets. For a proper listing on the big exchanges (AMEX, NASDAQ, NYSE) they would need Federal approval of pot laws.

The pink sheets tend to be penny stocks and/or operate on low volume. You may get in at $.05 but the volume may not be there to sell at $.06.

Since they are not subject to major exchange rules they lack transparency - 10Qs at the ilk. That's how you get surprise loses of 80% (with a possible volume/liquidity trap if you want to sell).

Buyer beware.

The closest acceptable firm is GWPH. A British medical company that investigates THC therapy. It's a real company and traded on NASDAQ. Start there.

the holy poopacy
May 16, 2009

hey! check this out
Fun Shoe

Vezbot posted:

Buyer beware.

This is a polite way of saying that about 99% of the action in pot stocks is scams.

snowparty
Mar 23, 2008

Straight White Shark posted:

This is a polite way of saying that about 99% of the action in pot stocks is scams.

Thanks for the heads up. There were a few posts with valuable info. I'll take what was said into consideration and continue embarking on my journey.

Strategic Tea
Sep 1, 2012

Why not invest in a wide range of industries so you don't lose everything when some unfavourable laws comes through. Or when it turns out your weed dealer is (surprise surprise) also a crook and ends up in prison.

Even better, pay a fund manager to do it for you!

CISMALES DID 9-11
Jun 5, 2002

chaotic good STEM major; INTJ
invest in hospitals if you like medicine!! Yeah!!! MEDICINE!~

ANYONE ELSE super passionate about medicines? advil, tylenol, etc, just really passionate about medicine and helping my community

i say swears online
Mar 4, 2005

Strategic Tea posted:

Even better, pay a fund manager to do it for you!

Don't do this

snowparty
Mar 23, 2008

CISMALES DID 9-11 posted:

invest in hospitals if you like medicine!! Yeah!!! MEDICINE!~

ANYONE ELSE super passionate about medicines? advil, tylenol, etc, just really passionate about medicine and helping my community

This may be the best idea as it seems Trumps advisors are opposed to recreational use but all for medical. I just really have a hunch that companies that can utilize hemp for its many uses stand to make the most gains.

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Scudworth
Jan 1, 2005

When life gives you lemons, you clone those lemons, and make super lemons.

Dinosaur Gum

snowparty posted:

This may be the best idea as it seems Trumps advisors are opposed to recreational use but all for medical. I just really have a hunch that companies that can utilize hemp for its many uses stand to make the most gains.

Perhaps you should look into investing in hemp in the places where it's already grown industrially? Canada, Europe, India, China, etc.

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