RE:RE:RE:RE:buying more opportunityDDobbs wrote: And those two stocks traded at 100 plus for how many years?? Oh wait how long did the tech stocks run before they popped, just about a decade??? And people are calling the mj sector a bubble after 8 weeks before they even get legalized. This is a major growth sector for years to come. Think before you speak people.
You cant use those stocks as an example.....they were actually making money at one time.
Pot stocks are not making income right now relative to their market caps. That is why some are calling it a bubble. No one knows for sure how this will all land.
Look at Colarado...weed price from the state retailers has dropped to $6 a gram due to oversupply. So suppliers have to be able to produce weed for way less than 6 bucks a gram to make a profit.
No one knows what type of distribution contracts will be made with the provinces in Canada.
Hopefully it will not be like alcohol where there is only about a %15 profit margin.