B&T402 wrote:
Hodor wrote:
Aaaannnnd, entire portfolio is up 4.19% today, bringing the total return to 18.26% since late June. And we're just getting started!!
Still time to get in on this - sky's the limit my friends.
Sounds like the new real estate! I'm sure nothing could go wrong with layer upon layer of government entanglement in all of this, right? What timing -- we're saved!
How is this even remotely close to being the "new real estate?" Yes, they are very risky at the moment with still much market uncertainty but again this isn't my life savings, just extra "fun" money. Ontario government's plans actually help out these companies - no "craft" small-time growers, the Liberal's plans cater to the massive licensed producers that I mentioned above.
Best part is, once the US legalizes, the head start these companies have over any producers in that country is insurmountable. Unless they ban Canadian weed, the Canadian producers are pretty much set up to be huge global players. And banning Canadian cannabis is extremely unlikely, as catering to the public's demand is essential in cutting out the black market.
Again this sort of thing NEVER happens. It's definitely worth a look. We're seeing the introduction of a recreational drug in to the public market. We already know people LOVE their substances, and people will pay a lot of money for them. If only a handful of companies are able to satisfy this need, it makes sense to buy in to them. To me, at least. I'll update you on Friday so we can really let the FOMO kick in...