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Old 10-17-2018, 02:51 PM
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Default Anyone Investing in Weed?

Marijuana became legal in Canada today. My actuarial colleagues who invest in the stock market doubled/tripled their initial investments ($20-30k) in the past few weeks. Anyone here doing the same?
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Old 10-18-2018, 11:30 AM
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College acquaintances have offered to invest and/or start companies related to it in the states. Seems like a strong financial bet.

If legality is spread more broadly I would absolutely dump money into it.
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Old 10-18-2018, 12:01 PM
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Guaranteed to make your portfolio higher, imo
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Old 10-18-2018, 12:23 PM
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Definitely a growth market, unfortunately it's difficult in the US. There are plenty of sales, since the feds have essentially accepted it as intra-state commerce. Doubtful the SEC would act the same way toward a stock offering, so nobody has tried.
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Old 10-18-2018, 02:11 PM
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I assumed everyone was because my super conservative barber who wouldn't touch weed and never talks about stocks, joked last week that he bought some weed. Meaning some Canadian company that another customer had recommended to him after seeing Tilray sky rocket.

I wonder how bad this will hurt the macro brewerers which are already losing out to craft upstarts.
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Old 10-18-2018, 02:33 PM
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yeah i'm investing in weed.... i got a couple tons in my basement.
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Old 10-18-2018, 02:48 PM
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I did, but it all went up in smoke.
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Old 10-18-2018, 05:36 PM
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Old 10-18-2018, 06:05 PM
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Quote:
Originally Posted by E View Post
Guaranteed to make your portfolio higher, imo
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