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tito123

Registered: 01/23/10
Posts: 3,006
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Legitimate Marijuana Stocks
#23389358 - 06/27/16 10:24 PM (7 years, 7 months ago) |
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I've read a few bad things about pot stocks (scammy penny stocks, etc) and am curious if anyone knows of any legitimate pot stocks? Or a mutual fund compiled of legitimate stocks? There's a lot of businesses competing and I know some will fail, but the entire industry will bloom so I'd like to invest in several.
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Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 17 days, 3 hours
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Re: Legitimate Marijuana Stocks [Re: tito123]
#23389752 - 06/28/16 01:18 AM (7 years, 7 months ago) |
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I haven't found any promising man. Many are ones that you can maybe trade on momentum but as a long term investment it could turn out really bad. I remember getting a phone call from a broker asking me if I wanted to invest in a cannabis stock and this guy guaranteed me that it would rise in value. That is illegal to even say so you can assume many brokers pawning these penny stocks off are really just in it for pump and dumps.
Try to find legit ones listed on the nasdaq etc. I'm not going to look em up now but if you find some share them and I'll check out their financials and etc.
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tito123

Registered: 01/23/10
Posts: 3,006
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Re: Legitimate Marijuana Stocks [Re: Gorlax]
#23390597 - 06/28/16 09:48 AM (7 years, 6 months ago) |
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There's this news article on the front of the shroomery. I've heard of GWPharma before so they seem legit.
There's this website but it looks scammy
This one seems interesting, along with this one
It seems like pot stocks are a safe bet for an investment, but it's just hard to wade through all the scammy bullshit
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,419
Loc: city of angels
Last seen: 10 hours, 8 minutes
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Re: Legitimate Marijuana Stocks [Re: tito123]
#23390865 - 06/28/16 11:35 AM (7 years, 6 months ago) |
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GWPH is the only game in town for legit investing in cannabis science. As I noted in this post from two years ago:Quote:
geokills said: As for marijuana industry related stocks, GWPH is currently the only investable company I know of. Most of the companies in this industry that have stock tickers are operating in an industry segment with a low barrier to entry (i.e. they do not create a proprietary product, so if a well funded competitor comes into the market, there is no compelling reason to believe that they will be able to maintain consistent high growth and profitability). You can trade some of these names for a quick buck, or hold a small position just for shits and giggles, but GWPH is the only one that has a developed pipeline with real fundamental growth prospects. On to GW Pharmaceuticals:Quote:
GW Pharmaceuticals plc is a United Kingdom-based company. The Company is engaged in the research, development and commercialization of a range of cannabinoid prescription medicines to meet patient needs in a range of medical conditions. The Company is developing a portfolio of cannabinoid medicines, of which the main product is Sativex, an oromucosal spray for the treatment of Multiple Sclerosis (MS) symptoms, cancer pain and neuropathic pain. The Company operates in three segments: Sativex Commercial, Sativex Research and Development and Pipeline Research and Development. The Company's wholly owned subsidiaries include GW Pharma Limited, G-Pharm Limited, Cannabinoid Research Institute Limited, Guernsey Pharmaceuticals Limited and GWP Trustee Company Limited.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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