Does anyone trade in penny stocks in marijuana industry. I understand the industry is booming and wanted to know if there any money to make at it.
Does anyone trade in penny stocks in marijuana industry. I understand the industry is booming and wanted to know if there any money to make at it.
@xRedxBeardx I have played them long and short over the years, but you need to focus on the most volatile stocks. The weed plays have been kind of weak lately while the Shippers and The Bitcoin Mania offers the best plays right now. We need stocks with significant volume for the profit.ly strategy to be most effective.
Agree with Madbash. You can day trade certain American weed stocks that may have a catalyst but as you probably know the companies in this country can't even utilize financial institutions and are taxed heavily. Also with Trump and Sessions in office you have the fear of a crackdown although I think there is too much momentum to stop it at this point. As far as investing in a company I would look to Canada where weed is legal on the federal level. Some companies like Aphria are already profitabl
Here is a link to help you get familiar with some of the Canadian companieshttps://www.newcannabisventures.com/how-to-invest-in-canadian-cannabis-stocks/
However, like any investment, it's crucial to conduct thorough research and due diligence before diving in. Look for companies with strong fundamentals, a solid track record, and a clear strategy for capitalizing on the expanding market. Additionally, keeping an eye on emerging trends and regulatory developments can help inform investment decisions. And if you're in Langley, Canada, you might also consider exploring local options such as https://dankbros.net/langley-weed-delivery/ for potential
Join now or log in to leave a comment