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  1. #1
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    Marijuana Stocks

    Seems like the legalization of MJ movement is gaining steam. I figure there is a Coca Cola or Exxon of weed out there right now. IMO, lots of risk at this stage with any MJ company, but the rewards could be big $$$$. What do you guys think?

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  3. Member Bug88's Avatar
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    #2
    Wish I had read this sooner..............I got CARA at 11.................still projected for 20


    oops, I see u asked today.............my bad

  4. Official Lip Ripper' haftafish22's Avatar
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    #3
    Been following pot stocks for a few months. I was in one that went from .0004 to .007. That's a lot of dough that I missed out on. Pulled my money one week before lift off to play with a bio pharmacy company I thought was about to take off. Screwed that pooch, good of had over 1k% gains and I am sitting on 40% gains. Guess i shouldn't bitch. It damnit!!!!

  5. Member CigarBasser's Avatar
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    #4
    Thoughts on OCRX
    CigarBasser

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  6. Member Jeff Hahn's Avatar
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    #5
    Be careful. Your money could go up in smoke!
    Half the world's problems are caused by people not doing their jobs and the other half are caused by people minding someone else's business.

  7. Stocks/Investments Moderator boneil's Avatar
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    #6
    I can't see buying a company when I can grow the product myself in my back yard.
    Knowledge is the Kryptonite of Liberalism

  8. Official Lip Ripper' haftafish22's Avatar
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    #7
    But can you extract canabinoid oils and such boneil? The market is way more complicated than growing and smoking your own....

  9. Member Bug88's Avatar
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    #8
    Quote Originally Posted by CigarBasser View Post
    Thoughts on OCRX
    I think they went from about 3.50$ a share to 55 cents in a year AND there board is under SEC investigation ...................yikes

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    #9
    i thought the OP was going to post about a recent purchase having to many stalks and seeds.

    i stand corrected.
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  11. Member
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    #10
    After reading this, I have the munchies.....
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  12. Member CigarBasser's Avatar
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    #11
    Thank you

  13. Member
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    #12
    With the current regime in place, I don't see this industry advancing, more likely to take a couple of steps back.

  14. Derek McCullough
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    #13
    Quote Originally Posted by CigarBasser View Post
    Thoughts on OCRX
    I've been watching this one too.

  15. Member CigarBasser's Avatar
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    #14
    CARA made a nice jump today..

  16. Official Lip Ripper' haftafish22's Avatar
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    #15
    I keep up with a few alkm, pura, mcoa, usmj, ERBB, cara, phot, newc, hemp and cher. They are extremely volatile for the most part and if you can get in low enough every month or so you can make some good money

  17. Member Quillback's Avatar
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    #16
    Quote Originally Posted by Jeff Hahn View Post
    Be careful. Your money could go up in smoke!
    Or these stocks could go high (I could not help it).

  18. Member Jeff Hahn's Avatar
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    #17
    Quote Originally Posted by Quillback View Post
    Or these stocks could go high (I could not help it).
    Touche!
    Half the world's problems are caused by people not doing their jobs and the other half are caused by people minding someone else's business.

  19. Member Quillback's Avatar
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    #18
    We now have legalized medical marijuana here in Arkansas. Watched a Q&A session last night that had some of the public servants that will be involved in licensing marijuana growers. What struck me was the price the growers would have to pay. $15K for a license application. (No guarantee that your application would be approved, and only half the money refunded if it wasn't). If approved, $500K for a permit, plus posting a $1 million bond. All MJ sold in AR must be grown in AR. It will be interesting to see how it works out.

  20. Member KyLakeLunker's Avatar
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    #19
    Keep and eye out. Feds mentioned today that they would were going to tighten up enforcement on the federal mj laws. If recreation gets killed, these stocks will tank.

    http://www.cnn.com/2017/02/23/politi...ald-trump-pot/
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  21. Member 2015Ranger's Avatar
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    #20
    Bought some PHOT about a year ago based on Medical not recreational and it has done nothing but lose me money, thank goodness I only have a 3K investment but now only worth less than a $100 so mine for sure went up in smoke but I had to try.
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