Investing in Cannabis

dashcamdanny

Have any of you considered in investing in the stuff?

I know the the price of stock has halfed since March in the US, but with a shift towards the legalization on medical use and maybe even recreational in Europe,
could it be a new big wave?

There are a few companies that produce and process the stuff to make CBT in Denmark and Germany, which you can now buy in Boots and other major shops here. With the current slump it maybe a good buying opportunity ??

I trade a bit in crypto but have never bought into a company. Looking for some pointers into buying shares in these companies.

Shai

Cannabis is incredibly easy to grow. The barrier to entry as a cannabis producer is super low. I would not invest in any company specialising in just growing the stuff.

The real money is going to be with whoever succeeds in distributing and marketing these things the same way as was done with cigarettes. Look for companies actively looking for distribution deals.

neris

Lot of listed companies & ETFs for cannabis products mainly on American & Canadian markets

dashcamdanny

neris wrote: »

Lot of listed companies & ETFs for cannabis products mainly on American & Canadian markets

Yes
I think the big "400% gains" ship has sailed as far as the US and Canada is concerned.

But Europe is just waiting for an explosive wave . Maybe?? . I seen a few companies like Stanocare that may be worth looking at.

I have always used apps to invest like Binance . Never contacted an actual broker before.
How is fee calculated with them?

Joeyjoejoe43

dashcamdanny wrote: »

Yes
I think the big "400% gains" ship has sailed as far as the US and Canada is concerned.

But Europe is just waiting for an explosive wave . Maybe?? . I seen a few companies like Stanocare that may be worth looking at.

I have always used apps to invest like Binance . Never contacted an actual broker before.
How is fee calculated with them?

Check out degiro... online... very low fees... no fractional share option... but good for small time players..

neris

I use first trade in the states for American stocks they do cannabis stocks

neris

New ETN for the cannabis industry launching

https://www.bloomberg.com/news/articles/2019-12-11/you-can-now-bet-big-on-cannabis-with-first-u-s-leveraged-etn

dashcamdanny

neris wrote: »

New ETN for the cannabis industry launching

https://www.bloomberg.com/news/articles/2019-12-11/you-can-now-bet-big-on-cannabis-with-first-u-s-leveraged-etn

more here. https://markets.businessinsider.com/news/stocks/microsectors-cannabis-2x-leveraged-etn-new-weed-pot-investing-vehicle-2019-12-1028756135

Im not sure what a leveraged ETN is though. Cant see it on Degiro.