TSX:WEED - Post Discussion
Post by
Tradinghands on May 01, 2024 9:16pm
Top Four Risks for Cannabis Businesses and Investors
How many investors have been burned in the last 2 days? these companies wont show profit for YEARS, while burning through cash and the only segment thats legal is for medical use, look at Canada where you can do whatever you want from growing your own to buying for recreational or medical and theres a huge long list of companies going bankrupt so if you think that medical alone will save this, think again.
It almost seems that publicly traded stock companies are more focused on selling their stocks than on competing in the market. The herd mentality of investors seems to encourage this. Here’s how that basic logic works: Marijuana is booming. Therefore, marijuana businesses must be booming. In turn, all marijuana businesses must be booming. Therefore, I need to invest in a marijuana business. The only way I can easily invest in a marijuana business is to buy the stock in a publicly traded marijuana business. And so the stocks just keep booming. The Top Four Risks for Cannabis Businesses and Investors in 2024 (harris-sliwoski.com)
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