| Investing in business of medical marijuana, is it right? |
|
|
|
|
|
JonCartoon
Preferred Member
Cash: $ 27.35
Posts: 135
Joined: 18 Jun 2014
|
| Investing in business of medical marijuana, is it right? |
 |
|
Hi guys.
Like a privious asks, is invest now in the business of medical marijuana be right decision?
Earlier I talked about it in my opinion this is interesting, but this is not be a too risky?
I see a lot of similar discussions in other forums, and social networks. But I trust this forum, and want to know what you say about it?
thanks for the answer
|
Wed Aug 13, 2014 10:36 am |
|
|
Hollyboy
Full Member
Cash: $ 10.20
Posts: 50
Joined: 14 Jul 2014
Location: US
|
at this link http://mic.com/articles/91777/one-look-at-the-stock-market-reveals-just-how-popular-marijuana-legalization-really-is (what you show to us before) we can see how grow the share price in last 2 years. And I think, they don't stop. Main news, why the shares grow up, be a legalization of medical marijuana. And still U.S. not finish this process. for example the Oregon government will make decision about legalization in next month.
And like "payment proof" says, only 2 states where recreational use of marijuana is legal.
you must think,if the legalization only in two states of U.S. leads to the huge increase in shares price,, what be after total legalization?
|
|
Wed Aug 13, 2014 11:12 am |
|
|
Bone7
Contributing Member
Cash: $ 8.80
Posts: 43
Joined: 17 Jul 2014
Location: US
|
government make a very huge tax on medical marijuana.
more easy buy on the street. And more, many people create bank of weed for free. if you have no money you can come and get it.
I think this is not a good news for company who grow a medical marijuana.
|
|
Wed Aug 13, 2014 11:54 am |
|
|
JonCartoon
Preferred Member
Cash: $ 27.35
Posts: 135
Joined: 18 Jun 2014
|
"Hollyboy" ofc I read this news a many times.
but the question still stay, you can look at the shares "mCig" company. like I say the shares grow up. but now they fall (not a lot). And the shares other company like FVPI don't move (yet).
legalization continue, but I can't see results of this action.
And yes, I'm understand, in many states this is be illegal, but a lot of people support this idea, and they want to use medical marijuana in medicine.
will the shares price grow up in near future? this is a my question
I belive at this, but not a so much, to invest money here.
that's why I'm want to read your mind about this market
|
|
Wed Aug 13, 2014 12:30 pm |
|
|
Hollyboy
Full Member
Cash: $ 10.20
Posts: 50
Joined: 14 Jul 2014
Location: US
|
quote:
Originally posted by Bone7
government make a very huge tax on medical marijuana.
more easy buy on the street. And more, many people create bank of weed for free. if you have no money you can come and get it.
I think this is not a good news for company who grow a medical marijuana.
yep a bank of weed this is good.
but you can't take so much how you need . or chose plants what you need. you will get, what they give for you.
So I think this is no reason. market medical marijuana will grow
|
|
Wed Aug 13, 2014 12:32 pm |
|
|
Hollyboy
Full Member
Cash: $ 10.20
Posts: 50
Joined: 14 Jul 2014
Location: US
|
quote:
Originally posted by JonCartoon
"Hollyboy" ofc I read this news a many times.
I belive at this, but not a so much, to invest money here.
that's why I'm want to read your mind about this market
investing this is always be risk.
And if you believe, sometimes it be enough.
And I have interesting information from Canada.
The market for MMJ in Canada is forecast by Health Canada to go from an estimated 40,000 qualified patients today to 450,000 qualified patients over the next ten years. Between an aging population and an expanding range of medical uses, demand for MMJ is predicted to significantly increase. Based on a 1 gram per day per patient at a selling price of $7.50 per gram, the market in ten years is anticipated to be worth approximately 1.2 billion dollars annually.
I think this is a good reason to decide invest at this area
|
|
Wed Aug 13, 2014 12:49 pm |
|
|
Bone7
Contributing Member
Cash: $ 8.80
Posts: 43
Joined: 17 Jul 2014
Location: US
|
quote:
Originally posted by Hollyboy
yep a bank of weed this is good.
but you can't take so much how you need . or chose plants what you need. you will get, what they give for you.
So I think this is no reason. market medical marijuana will grow
okay, bank off weed not a reason.
but what you can say about Federal Legal Marijuana garden??
I think they can give better price for people, and don't give a chance to other company.
|
|
Wed Aug 13, 2014 1:16 pm |
|
|
Hollyboy
Full Member
Cash: $ 10.20
Posts: 50
Joined: 14 Jul 2014
Location: US
|
quote:
Originally posted by Bone7
okay, bank off weed not a reason.
but what you can say about Federal Legal Marijuana garden??
I think they can give better price for people, and don't give a chance to other company.
And again, this is only create more attention for this market.
So, this is a good news, for company who grow medical marijuana.
In all the market can't be one company this is nonsense.
|
|
Wed Aug 13, 2014 1:31 pm |
|
|
JonCartoon
Preferred Member
Cash: $ 27.35
Posts: 135
Joined: 18 Jun 2014
|
|
|
|
quote:
Originally posted by Hollyboy
investing this is always be risk.
And if you believe, sometimes it be enough.
And I have interesting information from Canada.
The market for MMJ in Canada is forecast by Health Canada to go from an estimated 40,000 qualified patients today to 450,000 qualified patients over the next ten years. Between an aging population and an expanding range of medical uses, demand for MMJ is predicted to significantly increase. Based on a 1 gram per day per patient at a selling price of $7.50 per gram, the market in ten years is anticipated to be worth approximately 1.2 billion dollars annually.
I think this is a good reason to decide invest at this area
They hope, they get 1.2 billion dollar every year.
but will they get?
In any case, this is interesting information, need to think about it.
If in Canada 450 000 patient, then how much patients in U.S.
this market more large...
I understand main question still it's legalization.
faster medical marijuana be legal, faster the share price will be grow up?
|
|
Wed Aug 13, 2014 1:40 pm |
|
|
Hollyboy
Full Member
Cash: $ 10.20
Posts: 50
Joined: 14 Jul 2014
Location: US
|
quote:
Originally posted by JonCartoon
They hope, they get 1.2 billion dollar every year.
but will they get?
In any case, this is interesting information, need to think about it.
If in Canada 450 000 patient, then how much patients in U.S.
this market more large...
I understand main question still it's legalization.
faster medical marijuana be legal, faster the share price will be grow up?
only "High Times" (this is group on facebook who supports legalization of medical marijuana) have 3 691 307 users.
and most of them use medical marijuana every day.
so I think, yes, in U.S. more patients will be buy medical marijuana.
And question is, just how much time you have, to buy the shares with low price, before they grow up.
legalization be started. And no reason to stop this process. So this is only a time question
|
|
Wed Aug 13, 2014 1:54 pm |
|
|
Bone7
Contributing Member
Cash: $ 8.80
Posts: 43
Joined: 17 Jul 2014
Location: US
|
attention for market, not always good. but maybe you are right, for now the more people know about marijuana and its legalization, the better for the companies who grow medical marijuana.
And about "high times" half of 3,5 million users, smokes for fun, not for health.
|
|
Wed Aug 13, 2014 2:16 pm |
|
|
JonCartoon
Preferred Member
Cash: $ 27.35
Posts: 135
Joined: 18 Jun 2014
|
"Hollyboy"
this is not only a time question. how to decide in what company invest money?
a lot companies at this market, but they can close, or they can grow a bad product, or many other reason. like "Bone7" say government can prevent
|
|
Wed Aug 13, 2014 2:26 pm |
|
|
Monika555
Preferred Member
Cash: $ 35.45
Posts: 171
Joined: 26 Oct 2017
|
I think this is a great idea to invest money in the business of medical marijuana. Since Canada legalized it, this topic is discussed everywhere. Also the latest research proved that cannabis can be really helpful for people who suffer from pain, anxiety, depression and different disorders. Unfortunately, there is a great amount of such people, so marijuana is and will be prescribed. I can recommend to read the articles about Cannabis Canada, maybe you will find some useful info there.
|
|
Sat Feb 16, 2019 8:21 pm |
|
|
Deen888
Senior Member
Cash: $ 41.60
Posts: 203
Joined: 14 Feb 2018
Location: Los Angeles
|
Cannabis industry develops crazily fast, I think you should have invested into it even few years ago, but I am sure it is not too late, too. Cannabidiol is being widely used in medicine, food and beverage industries, it is being added to cosmetic and beauty products. Of course, cbd oil and weed are popular among vapers, I personally love my cbd vape with eGo battery .
|
|
Thu May 16, 2019 5:21 am |
|
|
Garson
Senior Member
Cash: $ 44.75
Posts: 251
Joined: 21 May 2018
|
We live in the 21st century and pain can be relieved by the newest medications. Moreover, there old but gold weed in the modern form of cbd oil. As article source says it can be the safest decision of all because the pills damage our bodies.
|
|
Fri May 24, 2019 2:42 pm |
|
|
|
