wanna make a lot of money in the cannabis industry?

[ghostsinthemachine]

The industry leader in cannabis testing is having an IPO right now. Once cannabis becomes legal in more and more states, this company will be huge. Now they are but we haven't seen anything yet.
http://steephill.com

[Jesus Malverde]

1. It's debatable

There are many established businesses that can take over once it's all legal. The businesses that work in gray areas might be successful today unless they have intellectual property and patents in the area they are easily replaceable.

[tridim]

2. I would love to make a decent living in the cannabis industry.

But if I tried I would be marked for arrest and imprisoned.

Cannabis is going to be legal everywhere soon, but nobody outside of CO and other progressive states can get started with their business because it is illegal to do so. It's so annoying and unfair.

[jtuck004]

3. That's all nice for billionaires (also known as Friends of Washington State) who have the

money for an IPO, who have state pols in their pockets writing and changing laws to benefit them.

For the average person they are better off not doing business with any of these people, and simply growing their own at home.

It's very easy, and if you keep it small and contain the odor it's pretty easy, where that is legal. Where it is not doesn't seem to have put much of a crimp in it, based on the millions of people who were and are using and growing.

It will wind up like alcohol with much of the control in the hands of very wealthy people, and a few "craft" operations that barely survive.

[ghostsinthemachine]

4. But what does this have to do with the OP?

Grow all the weed you want, that has NOTHING AT ALL TO DO WITH the OP.


This is a company that IS the INDUSTRY LEADER in testing. All of the upper class dispensaries use them and use the results to sell the product. Something that will be required for every cannabis product to hit the market. Once legal everything will have to be tested. And labeled. Dosages, mold content, pesticides, all of it, will have to be on the label. They are also getting into organic certification which nobody does now, there is NO Official testing service.....In that they will be the industry leader.


Grow all the dope you want, this is about an IPO (and will be about others). I've got several friends already in and NONE of them are billionaires or even millionaires. Or even thousandaires, retired guys, that puff the weed, that play in stocks and they all went in.

[jtuck004]

5. Just another way to steal money from working people by the wealthy and their lapdogs. n/t

[ghostsinthemachine]

6. Or an opportunity

for working people to get in on something that might elevate their lives.

[jtuck004]

7. Tell that to the 8 million people who have fallen into poverty in the past 6 years.

Just another way to steal from them, prop up profits for the wealthy, keep inequality healthy.

Charlatans and thieves. Good company for some.

[ghostsinthemachine]

8. You mean like myself?

How SteepHill Labs, and this IOP figures into my situation is beyond my grasp. I know that if I had money, even a little money, i would be investing in this company to elevate myself financially.

[jtuck004]

9. Past performance is no guarantee of future results. (That is the answer to a question on the

securities exams I took to sell stocks, btw).

And in this case there is no past to even gauge. The industry is in a huge state of flux and money invested may well be thrown down a hole. Or it could make one something. But if you had access to the side of the trades the market makers have, you would very likely realize how they are organized to keep that last possibility out of the grasp of most of the stockholders

Problem is one has to have money to make money, and more and more a LOT of money. If you are not one of those, and I am in that boat too as well as you, one is on the menu for the rest.

There is a huge pull to make money today, but I suspect the odds on this one are slightly worse than those scratch offs at the gas station. But the possibilities are how they get worker bees to put their money in, which mostly goes to the people who created the IPO. Whether anyone else makes much is a tossup.

I think people would make more if they would cooperate with each other and figure out how to stay away from what is becoming an industry run by a lot of money and people who really don't have anyone's best interests at heart but their own.

You may see it differently, and that's ok.

[nikto]

10. OT ---Frankie prefers Indica