some ridewell this stock has been one hell of a ride the last few weeks.
I was trading CGC daily, doing well, then last friday picked up 15,000 shares and held them through CGC's report monday, still holding, wondering when to sell, oh yea I also bought OGI, more MT, BE and I already held APH.
CGC's valuation is insane, based on present profits, revenues, todays # of pateints...but what does the future hold?
some investors are buying and holding and a whole pile of people are trading all MJ stocks.
But, with CGC or any MJ getting into export, that opens up the world.
Shoppers is planning on putting MJ on it's store shelves beside every other perscription drug that doctor's perscribe regularily.
If recreational is coming.....well then things take off.
More competition will be coming, how long before big tobacco starts selling cancer sticks (cigarettes) out one door and doobies out the other?
Early entrants have a huge leg up.....and look into the history of prohibition, a few canadain familys made big, big money and literally started empires with the proceeds from what, at the time, was somewhat unscrupulous buisness, based on opinions.
Weed has been around for a long time, now it is going mainstream, any doubters must have had great grandparents who fought for prohibition.....how'd that work out?