Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

safeinOhio

(32,673 posts)
Thu Nov 1, 2018, 01:52 PM Nov 2018

I wouldn't invest in cannabis stocks.

End of the outside growing season here and they are just about giving it away. I had a car for sale for $750 and a guy came by and offered me 3 pounds of bud for it. It'd take me 30 years to use that up. I think you could make more investing in rolling papers companies.

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
I wouldn't invest in cannabis stocks. (Original Post) safeinOhio Nov 2018 OP
It's illegal to own more than 2 ounces of pot Pity Puddles Nov 2018 #1
Another reason I turned it down. safeinOhio Nov 2018 #2
we actually made about 30G off a Canadian pot stock we just sold... samnsara Nov 2018 #3
Give me half, and we'll do it together! marble falls Nov 2018 #4
LOL... pbmus Nov 2018 #5
i sold it after we kept it for about a yr. The canadian med stocks are hot right now.. samnsara Nov 2018 #7
I am so surprised not more people are growing? ROB-ROX Nov 2018 #6
the pot stocks i see are in the med field not recreation. samnsara Nov 2018 #8

safeinOhio

(32,673 posts)
2. Another reason I turned it down.
Thu Nov 1, 2018, 01:59 PM
Nov 2018

But still amazed. So easy to grow, I can't see the price go any where but down.

samnsara

(17,616 posts)
3. we actually made about 30G off a Canadian pot stock we just sold...
Thu Nov 1, 2018, 01:59 PM
Nov 2018

...3 pounds at $2-300 a pound. not bad! he probably got it as a trade as well and was wondering what the hell im gonna do with 3 pounds? will make a LOT of brownies.

samnsara

(17,616 posts)
7. i sold it after we kept it for about a yr. The canadian med stocks are hot right now..
Sun Nov 4, 2018, 11:20 AM
Nov 2018

...and hubby only agreed to add it to the portfolio after I whined

ROB-ROX

(767 posts)
6. I am so surprised not more people are growing?
Thu Nov 1, 2018, 06:58 PM
Nov 2018

I know every state has their growing requirements including making sure no one sees the plants. We had 6 plants this year. I was told $500 per pound. I think there are so many growers that the cost is going down. Good luck to those who have to buy..........

samnsara

(17,616 posts)
8. the pot stocks i see are in the med field not recreation.
Sun Nov 4, 2018, 11:26 AM
Nov 2018

...I got about half pound with 6 plants my first grow in the Bloom Box. My next crop will be much better...but youre right. Pots down to 50$ an oz at my fav store but its like wine.. the higher the % the more $. Its like 2 Buck Chuck vs Ice Wine

Latest Discussions»Issue Forums»Cannabis»I wouldn't invest in cann...