Marijuana

[HarleyDog]

(12-05-2020, 06:03 PM)Goalpost Wrote: I voted other as I don't use.  I quit decades ago.  The problem with investing in it is the supply issue.  Yes there is demand but lots of competition here. I kind of want to invest here but it's tricky.  If forced to make a choice probably would buy a basket or an ETF.  Constellation Brands is the big corporate presence in the field.  They sell beer and spirits like Corona, Modelo, Wild Irish Rose along with their weed presence.  Probably less risk but not as high of a return maybe.  To each their own.

I invested in CGC a few weeks ago. Another decent play would be IIPR, which buys and leases properties for marijuana growth farms. Like you, I voted other. I’m ok with legalization, but there should be some control. Taxing too hard could cause prices to sky rocket therefore making medical marijuana more expensive than street smoke. Which could find dangerous laced products freely distributed. 

Another concern would be detecting real-time levels in a person’s system. Just like alcohol, you wouldn’t want people driving while high. Yes, some would argue that it has no effect on their driving, but I could also claim that I drive better after 6 beers. And since neither would be in a sober state of mind, we could agree that’s BS.