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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 05, 2017 10:43 am 
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NotHawthorny wrote:
Another big week for those weed shares! Truduea taxing the product at a lesser rate then what the market expected gave a nice bump!


It’s crazy. Portfolio now up 32.13% since June. Wish I put more in...

Just wait until the banks get involved.


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 05, 2017 10:45 am 
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I just did. I don't see it going down anytime soon. I am not as diversified as you (holding 4), but I have covered my bets with the HMMJ stock.


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 05, 2017 2:57 pm 
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Have you looked at what HMMJ is? Large portion is Scott’s miracle grow.

I would expect other ETFs to pop up soon though, given today’s announcement regarding the partnership between Canada’s major LPs. I want something that tracks the top 20 in the production sector. That’d be ideal.

We’re investing in what could become the next most valuable commodity in the world. Exciting times!!


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Fri Oct 06, 2017 11:09 am 
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Yeah, Scotts makes sense as they are now going to be a big supplier to that industry, so it will stand to benefit once legalization and full scale production begins. Not going to move much now, but I see it as an opportunity buy at the moment as its low and will gain in time.

I agree, to me this is one of those once in a lifetime opportunities to get in on the ground floor. Funny note.... I had the opportunity to buy into Amazon stock (was choosing between a few other investments at the time) at the ground floor. Decided it was too risky an investment and went with something else that I lost everything on. I am hoping this is my new amazon.


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 12, 2017 10:02 am 
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hope none of your companies has operations in california....

http://money.cnn.com/2017/10/12/smallbu ... index.html


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 12, 2017 11:27 am 
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As if we’d invest in some mickey-mouse outdoor growers...

Still up 32%!


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 12, 2017 12:39 pm 
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Hodor wrote:

Still up 32%!


This is just nuts right now. I'm tempted to put even more in. We are seeing all this appreciation and the market isn't even open to the public!


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Thu Oct 12, 2017 4:15 pm 
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NotHawthorny wrote:
Hodor wrote:

Still up 32%!


This is just nuts right now. I'm tempted to put even more in. We are seeing all this appreciation and the market isn't even open to the public!


Put in a little more yesterday, all in Aurora.

Colorado just hit $1 billion in sales at the end of September. Population 5.5 million. Canada is going to see ridiculous numbers.


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Fri Oct 13, 2017 2:03 pm 
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Should not really come as a surprise (well to those in the thread with an education) but this basically will be the new poor tax
In CO marijuana easily outsells alcohol and tobacco

Most marijuana smokers lack even a high school diploma
The vast majority of marijuana sales are to a smaller group who consumes excessive quantities of it
Most marijuana smokers had low household incomes

http://www.denverpost.com/2016/08/14/st ... -the-most/


Some of the reasons you can get "medical" marijuana in Canada are just laughable

https://medicalmarijuana.ca/patients/who-is-eligible-3/


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Fri Oct 13, 2017 2:52 pm 
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Aren’t lower income people in general are the biggest consumers of alcohol, junk food, and anything inexpensive that’s also “bad” for you? As taboos are eroded and the older anti-ganja generation dies off, attitudes will change. But in the end I don’t care who’s buying it as long as those stock prices keep climbing!

You’d also have to wonder if better educated individuals are simply less willing to admit they consume cannabis, given that it’s still a schedule 1 drug federally in the USA.

Just out of curiosity, whom in this thread do you believe is without “an education?”


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Tue Oct 17, 2017 3:46 pm 
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Tough day. Is this a buy or sell signal for you guys?
I am completely avoiding this sector regardless. I've been burned by insider trading before, never again.

_________________
Even the calendar says WTF after Monday and Tuesday.


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 Post subject: Re: Andrew Scenic Acres
PostPosted: Tue Oct 17, 2017 4:34 pm 
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Norts999 wrote:
Tough day. Is this a buy or sell signal for you guys?
I am completely avoiding this sector regardless. I've been burned by insider trading before, never again.


Volatility is nothing new to this sector.
Everything is still quite high compared to even 3 months ago.
Portfolio took a 5% hit today.
Whether it’s buy or sell time depends on how much you believe in the industry.
This is not insider trading. Not even close.

Personally I will probably buy more shares tomorrow.


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