RE:RE:RE:.075 this is what I am talking about when I say dumb #$
Well said Junit.
The stock has barely begun and heading into the MJ game early is the way to go. When all the mining plays I used to trade were flush with cash a few years ago the venture was a good place to be. Now they are all trading for pennies and going out of business. Even when the miners have a decent discovery they still need tons of cash not to mention years of drilling and waiting for approval before a mine can be established.
I won't play the waiting game anymore buying penny stock miners that don't have enough money for the hydro bill let alone drilling.
Sure some of the Marijuana companies won't be successful, however they stand a better chance at this new business than mining. It used to be 1 in 50 mining companies would be successful, now its more like 1 in a 1000.
Right now there only around 20 TSX V small caps starting proceedures to become producers and I believe even if some don't succeed you will stll make a lot of cash during the time it takes for them to fail. Buy a few shares in several of the best looking ones and wait.
The equity bankers are also starting to flow cash into this new sector, so soon there will a pile of money invested into all these little stocks. Its a new game and nobody likes to miss the bus.