RE:RE:Are weed stocks getting too far ahead of themselves?MustardTiger88 wrote: My bad, wrong board.
MustardTiger88 wrote: Ignore me, bash me as a bear, whatever, I'm just being realistic. A lot of this momentum buying was with the assumption that legalization may come as early as summer 2017 but no later than the start of 2018. According to the article legalization could be WAY off from that. If legalization is potentially 2 years off do you think these companies will just ride with these valuations until then? I'm not so optimistic and would like to hear what others think.
Oh darn. I was going to answer you and say that I don't think a lot of these companies are even going to be around in two or three years. I think the marijuana industry will eventually be controlled by Big Tobacco ... I see the CEO's of these weed companies being interviewed on BNN and I honestly think they are stoned out of their minds. If you can't trust management, how can you invest in a company long term? - case in point: Concordia. If you are a skilled trader, or have money to burn maybe you can play with it, but as an investment, I wouldn't go there unless its less than 5% of your portfolio. Just my opinion, not paid to give advice and not a consumer of the product....