Concordia Healthcare Corp. T.CXR.R

Are weed stocks getting too far ahead of themselves?

[MustardTiger88]

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.

[MustardTiger88]

My bad, wrong board.

[CYBERPUNK]

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

[MustardTiger88]

So if big tobacco is going to takeover it means they'll be buying out these pot companies.  You think they'll crash from these highs and get bought out much lower?

[CYBERPUNK]

Thats not exactly what I said.  I think Big Tobacco will control the Agriculture side - how they end up doing it is the question.  I did not say they will be "buying out the pot companies" so I was not advancing a buyout thesis here by Big Tobacco.  I haven't done a lot of research, I just think for the moment they are trading stocks, imo.  But I am not an

[MustardTiger88]

No worries.  I appreciate the input regardless.