Bitcoin Forum
May 05, 2024, 09:47:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Best publicly traded marijuana stock to own for the next ten years  (Read 273 times)
High Plains Drifter (OP)
Sr. Member
****
Offline Offline

Activity: 289
Merit: 250


"The fish rots from the head first"


View Profile
December 09, 2016, 01:12:21 AM
 #1

Although I would never use the stuff myself, the train has left the station and there's money to be made in this business.  Ten years from now every state in the country will probably legalize recreational marijuana use.  With this in mind, I would to know what everyone thinks in regards to the best marijuana stock to invest in and why? 

Believe in the Shield!
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714902462
Hero Member
*
Offline Offline

Posts: 1714902462

View Profile Personal Message (Offline)

Ignore
1714902462
Reply with quote  #2

1714902462
Report to moderator
debtstack
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
December 09, 2016, 03:03:45 AM
 #2

Although I would never use the stuff myself, the train has left the station and there's money to be made in this business.  Ten years from now every state in the country will probably legalize recreational marijuana use.  With this in mind, I would to know what everyone thinks in regards to the best marijuana stock to invest in and why? 


After looking at the industry for a while now I would say putting money into a dispensary or grow op might be tons of money down the road, but it is still very risky as they carry all the risk in the industry. The best companies to invest in are the industry's that cater to the grower. Mainly greenhouse companies that help with setting up the land with irrigation, fertilizer, etc.
BitcoinBarrel
Legendary
*
Offline Offline

Activity: 1961
Merit: 1020


Fill Your Barrel with Bitcoins!


View Profile WWW
December 10, 2016, 02:20:26 AM
 #3

From what I understand it is more profitable (usually) to apply for a License early, and resell the license later for $1million+.

It is hard to make a profit as a dispensary with taxes, rent, employees, etc. Unless you are a large company with your own Grow Op and retail stores, it's tough business.



        ▄▄▄▄▄▄▄▄▄▄
     ▄██████████████▄
   ▄█████████████████▌
  ▐███████████████████▌
 ▄█████████████████████▄
 ███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
 ██████████████████████▀
 ▀████████████████████▀
  ▀██████████████████
    ▀▀████████████▀▀
.
.....
.....
.....
.....
.....
.....





Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!