Looks like I might have to become a democrat after all.

[Pogue Mahone]

Just legalize it already! Reefer madness is a mental disease!

https://www.scribd.com/document/382710811/Marijuana-Freedom-and-Opportunity-Act

 

[reason10]

Just legalize it already! Reefer madness is a mental disease!

https://www.scribd.com/document/382710811/Marijuana-Freedom-and-Opportunity-Act

So only Democrats are irresponsible stoners in your new world?

 

[Pogue Mahone]

So only Democrats are irresponsible stoners in your new world?

Yes. Republicans are responsible stoners. But I'll support any irresponsible stoner who can manage to get it legalized.

 

[reason10]

Yes. Republicans are responsible stoners. But I'll support any irresponsible stoner who can manage to get it legalized.

Don't get me wrong. I don't want to be around the stuff and I believe anyone who smokes it is an idiot who just wants to lose brain cells.
However, this snail slow process of getting it legalized here and there is doing wonders for marijuana stocks.
Be patient. Let those of us with jobs make a little money trading before bringing the hammer down.

 

[Pogue Mahone]

Don't get me wrong. I don't want to be around the stuff and I believe anyone who smokes it is an idiot who just wants to lose brain cells.
However, this snail slow process of getting it legalized here and there is doing wonders for marijuana stocks.
Be patient. Let those of us with jobs make a little money trading before bringing the hammer down.

Shit man you just blew my mind. Why the hell aren't I investing in this stuff?

 

[ObamacareForever]

Shit man you just blew my mind. Why the hell aren't I investing in this stuff?

Because they are ponzi schemes.
Legalization is making some people very rich, but it ain't the publicly traded pot companies.

 

[Pogue Mahone]

Because they are ponzi schemes.
Legalization is making some people very rich, but it ain't the publicly traded pot companies.

Well I'm not investing in Mexican drug cartels. Nobody to complain to if I don't get a return on my money. Who should I throw my money at then?

 

[ObamacareForever]

Well I'm not investing in Mexican drug cartels. Nobody to complain to if I don't get a return on my money. Who should I throw my money at then?

the FANG stocks.

 

[Pogue Mahone]

the FANG stocks.

So I should invest in Cobra? I'm intrigued.

 

[ObamacareForever]

Its an acronym...
Facebook
Amazon
Netflix
Google

 

[Pogue Mahone]

Its an acronym...
Facebook
Amazon
Netflix
Google

Yeah I know I googled it. I don't get the connection to weed though, unless you're saying everyone will get stoned and binge watch Peaky Blinders or something.

Who would profit directly from legalized sales though? That someone could invest in?

 

[ObamacareForever]

Who would profit directly from legalized sales though?

Private, well-connected, companies.

That someone could invest in?

Even in states with legalized weed, its still highly regulated. They don't just hand out permits to anyone willy-nilly. They go to the regulators friends with well to-do lobbyists. Which at least up till now, has not been publicly traded companies.
There are publicly traded pot companies out there now. Except they don't have any earning or really any hope of earning anything. They just slap "Weed" in the company name and people think these companies will make them rich after legalization happens. These companies are huge scams.
Their share prices have gone up recently and it proves the "greater fool theory"