Marijuana Stocks, legalities for Irish Investors?

drunkmonkey · 04-01-2018 11:09am #1

Does anyone know if your breaking any laws buy investing and taking profits in these stocks?

BrokenArrows · 04-01-2018 11:11am

drunkmonkey wrote: »

Does anyone know if your breaking any laws buy investing and taking profits in these stocks?

If its being traded on a legal exchange then you're not breaking any laws.

drunkmonkey · 04-01-2018 11:22am

BrokenArrows wrote: »

If its being traded on a legal exchange then you're not breaking any laws.

Even though it's illegal in Ireland to have marijuana it's ok to have money invested in a marijuana business. I'm just wondering will the revenue raise an eyebrow come tax time. Or as you say once it's on a legal exchange nothing they can say.

BrokenArrows · 04-01-2018 12:12pm

drunkmonkey wrote: »

Even though it's illegal in Ireland to have marijuana it's ok to have money invested in a marijuana business. I'm just wondering will the revenue raise an eyebrow come tax time. Or as you say once it's on a legal exchange nothing they can say.

Look at it like investing in a Pharmaceutical company in the USA which is trading in normal medical drugs which have been banned in Europe or simply not authorised yet.

Or even more simply food products. There are a whole list of food flavorings & colorants which are banned in Europe but the USA have no problems in using them in their products.

They are trading in a product which if traded in Europe would be illegal but you wouldn't question this would you?

drunkmonkey · 04-01-2018 12:30pm

Cheers didn't think of it like that, time to load the boat.

Shauny2010 · 04-01-2018 12:33pm

I'd be interested to know what stocks you are looking at. I am wondering is there secondary companies that provide services like testing the quality or purity of the product that could be invested in rather than a direct supplier or manufacturer?

drunkmonkey · 04-01-2018 1:00pm

Shauny2010 wrote: »

I'd be interested to know what stocks you are looking at. I am wondering is there secondary companies that provide services like testing the quality or purity of the product that could be invested in rather than a direct supplier or manufacturer?

Anything I seem to buy in Canada only goes one direction, canntrust has being doing great for me, sold off my other ones with profit maybe a bit to early but will look at buying back into more come the end of the month. Should be a steady up tick until July, australian pot stocks doubled yesterday https://www.bloomberg.com/news/articles/2018-01-04/australian-pot-stocks-soar-after-government-relaxes-export-rules

Pick the big ticket ones with patents, or cheap ones with potential, might buy some of friday night inc stock today or THC Biomed that lifted nearly 88% yesterday.

Tenigate · 04-01-2018 1:04pm

drunkmonkey wrote: »

Does anyone know if your breaking any laws buy investing and taking profits in these stocks?

Assuming by stocks you mean shares in companies rather than an inventory of marijuana, you should be fine. You can invest in weapons, nuclear power, etc , without being accused of having WMDs.

ct5amr2ig1nfhp · 04-01-2018 1:33pm

Liking the look of some of those stocks drunkmonkey. Will do some more research tonight.

Dardania · 04-01-2018 1:51pm

particularly with the recent legalisation in California - huge market there

Shauny2010 wrote: »

I'd be interested to know what stocks you are looking at. I am wondering is there secondary companies that provide services like testing the quality or purity of the product that could be invested in rather than a direct supplier or manufacturer?

Shauny2010 · 04-01-2018 2:47pm

Izabella Putrid Mitt wrote: »

Liking the look of some of those stocks drunkmonkey. Will do some more research tonight.

Dardania wrote: »

particularly with the recent legalisation in California - huge market there

Any chance we can share the research, as I'm lost as to where to start with this

Dardania · 04-01-2018 2:55pm

Shauny2010 wrote: »

Izabella Putrid Mitt wrote: »

Liking the look of some of those stocks drunkmonkey. Will do some more research tonight.

Dardania wrote: »

particularly with the recent legalisation in California - huge market there

Any chance we can share the research, as I'm lost as to where to start with this

The California article I just saw a few days ago: https://www.economist.com/news/united-states/21733424-some-cities-plan-give-people-marijuana-convictions-priority-when-setting-up-legal

Victor · 04-01-2018 3:05pm

drunkmonkey wrote: »

Pick the big ticket ones with patents, or cheap ones with potential, might buy some of friday night inc stock today or THC Biomed that lifted nearly 88% yesterday.

Be wary of buying into a rise like that, especially a one-day rise like that.

drunkmonkey · 04-01-2018 4:26pm

Izabella Putrid Mitt wrote: »

Liking the look of some of those stocks drunkmonkey. Will do some more research tonight.

Lucky you didn't jump in today there all getting hammered, must have a look tonight and see why.

drunkmonkey · 04-01-2018 4:27pm

Victor wrote: »

Be wary of buying into a rise like that, especially a one-day rise like that.

Yea I sat it out, big correction happening. Friday night inc might be coming near a decent entry.

drunkmonkey · 04-01-2018 4:30pm

This might be what's after happening, sell the news isn't that what they say https://apnews.com/19f6bfec15a74733b40eaf0ff9162bfa

BrokenArrows · 04-01-2018 5:27pm

drunkmonkey wrote: »

This might be what's after happening, sell the news isn't that what they say https://apnews.com/19f6bfec15a74733b40eaf0ff9162bfa

Might be a good thing for investors. It will cause a pullback in the prices.
But id expect this to be challenged a alot of certain states who dont want to see their billions in tax revenue disappear.

drunkmonkey · 04-01-2018 6:00pm

It''s be interesting to see what happens with these..

APH.CA
VFF.CA
ACB.CA
WEED.CA
CMED.CA
T.LEAF

All set to rebound 10% + shortly i'd bet. Just took a small position (420) in Friday Night...didn't want to miss the dip:)

Dardania · 04-01-2018 7:23pm

drunkmonkey wrote: »

It''s be interesting to see what happens with these..

APH.CA
VFF.CA
ACB.CA
WEED.CA
CMED.CA
T.LEAF

All set to rebound 10% + shortly i'd bet. Just took a small position (420) in Friday Night...didn't want to miss the dip:)

I see what you did there!

Dardania · 04-01-2018 10:42pm

Could b opportune to acquire some pot now:

https://www.bloomberg.com/news/articles/2018-01-04/pot-stocks-plunge-on-report-u-s-to-rescind-expansion-policy

drunkmonkey · 04-01-2018 11:12pm

A lot them after recovering a good bit....

Atlantic Dawn · 04-01-2018 11:20pm

The Horizons Medical Marijuana Life Sciences ETF might be a more safer strategy than going for a few individual pics, launched in April this year, current YTD return is 12.57%...

https://www.cnbc.com/2017/04/05/a-new-investor-high-the-first-etf-to-target-marijuana-stocks-launches.html

https://www.bloomberg.com/quote/HMMJ:CN

drunkmonkey · 04-01-2018 11:24pm

I was reading up on that don't know where I read it but it said it's being fueled by Hype and to give the ETF's a dodge. Not a great return compared to the stocks themselves. A lot of the stocks have give 200/400% returns over the last 6mts.

drunkmonkey · 04-01-2018 11:30pm

http://www.stockhouse.com/news/press-releases/2018/01/04/aurora-cannabis-accelerates-european-expansion-with-licensed-denmark-joint

Worth a look tomorrow that's pretty big news and was probably held back with the US news, could be in for a jump, Europe's biggest pot farm?

ct5amr2ig1nfhp · 05-01-2018 2:01pm

Put a limit order in on few Friday Night at 0.55, just caught the dip earlier this morning. Already up 12%. thanks drunkmonkey

drunkmonkey · 05-01-2018 2:55pm

I'm not convinced by their business model don't be afraid to take profits, could be another rocky road today.
Just sold off my BOI this morning so hoping to take a position in something today.
Degiro isn't opening for me, wonder have we overloaded it with everyone in a rush for green gold:)

Prezatch · 05-01-2018 3:45pm

Izabella Putrid Mitt wrote: »

Put a limit order in on few Friday Night at 0.55, just caught the dip earlier this morning. Already up 12%. thanks drunkmonkey

I'd be selling quick!

drunkmonkey · 05-01-2018 4:09pm

Prezatch wrote: »

I'd be selling quick!

It's taken off, I was waiting for a dip on the dip. Not going to happen by the looks of it.
Moose must be up 20% odd by now.

ct5amr2ig1nfhp · 05-01-2018 5:06pm

Up up and away! I wish I had the balls not to sell early. ah well!

evolving_doors · 06-01-2018 12:43am

Izabella Putrid Mitt wrote: »

Up up and away! I wish I had the balls not to sell early. ah well!

It's a crazy bubble but with an actual ramp up date set in July 2018 in Canada. People are looking for their Microsofts and Google's in Canada to get the steal on the global market, hence why the reluctance to sell early and cash out.
After recreational begins around july there will be a lot of winners/losers/takeovers.
Best analogy would be with the end of alcohol prohibition in the states.

Budz is a company 'worth' $1.4Bn , no revenue, not producing anything. They're only asset is a trailer home which cost $1million and 265k in cash.

badboyblast · 06-01-2018 11:14am

drunkmonkey wrote: »

This might be what's after happening, sell the news isn't that what they say https://apnews.com/19f6bfec15a74733b40eaf0ff9162bfa

Hi OP, I work for a Canadian company and travel there alot, I know they are pushing to have the same laws basically as Amsterdam this summer 2018 so I think there is some serious moves being made over and the Canadians are very liberal so I can see this getting the green light ( pardon the pun)

Who would be the best provider for me to purchase some shares with here in Ireland for Canadian stocks?

I have been looking at canopy growth corp, Aurora cannabis Inc and aphria Inc and they have been doing well with a steady increase .

liamo77 · 06-01-2018 11:19am

Anybody invest in Bldv. Looking very cheap at the moment. Can only see an upside from here.

drunkmonkey · 09-01-2018 7:51pm

liamo77 wrote: »

Anybody invest in Bldv. Looking very cheap at the moment. Can only see an upside from here.

Blue Diamond Ventures?, yes looks very cheap. Huge volume 16mil odd, looks like an out and out gamble, still if it hit 4cent a share would be a nice return, can't see it happening though. Not something i'd buy into to, seems like a consulting company.

Pick something actually bringing in revenue, good news out of Canntrust today. http://markets.businessinsider.com/news/stocks/CannTrust-Reports-Record-Revenue-for-Q4-and-FY-2017-1012724758

Rethinking Friday Night Inc, I think it could blow revenues out of the water if your after a small entry on a cheap stock, will be a few weeks before we know if that happened.

Most stocks listed here https://www.potnetwork.com/marijuana-stocks

drunkmonkey · 17-01-2018 2:24pm

Some free shares on the way for anyone holding or buying Friday night..
www.proactiveinvestors.co.uk/companies/amp/news/190048
1 infused mgf for every 4 Friday night held.

Jamie66 · 17-01-2018 4:35pm

drunkmonkey wrote: »

Some free shares on the way for anyone holding or buying Friday night..
www.proactiveinvestors.co.uk/companies/amp/news/190048
1 infused mgf for every 4 Friday night held.

Hey drunkmonkey,

I'm looking to invest in some cannabis shares next week, I'm looking primarily at Aurora, do you have anything invested with these?

If so, did you invest in Frankfurt or Toronto? Wondering if the euro currency of Frankfurt makes that a clear winner?

Thanks.

owltrader · 16-10-2018 12:15am

Guys so which broker u have been using to trade Pot Stocks? Cheers

owltrader · 16-10-2018 12:16am

Guys which broker do u recommend to trade Pot Stocks?

Skelet0n · 16-10-2018 8:54am

owltrader wrote: »

Guys which broker do u recommend to trade Pot Stocks?

Degreeno or interactive tokers are great.

owltrader · 16-10-2018 12:52pm

Is there any group in Ireland online or Offline discussing it? about pics, penny pot stocks or something like? tks..

owltrader · 16-10-2018 2:05pm

I don't know this 2 brokers? research but was uncuseefully ? any broker to trade Pot Stocks?

drunkmonkey · 16-10-2018 2:23pm

+1 for Degreeno, it beet dem udder brokers bad.

evolving_doors · 16-10-2018 2:39pm

Don't mind the hippies above.

Degiro or Interactive Brokers

This is probably the hypiest time to get in so don't bet anything you can't afford to loose... or hang on to for a couple of years.

heffo500 · 16-10-2018 4:59pm

owltrader wrote: »

Guys so which broker u have been using to trade Pot Stocks? Cheers

Probably a bit late to the party, but some analysts see Canopy Growth hitting 100 CAD per share.

drunkmonkey · 16-10-2018 6:19pm

No Party's not over Canada has a weed shortage, we need to find who's got loads to supply.

evolving_doors · 16-10-2018 6:20pm

heffo500 wrote: »

Probably a bit late to the party, but some analysts see Canopy Growth hitting 100 CAD per share.

Or else a major dump when people cash in.

evolving_doors · 16-10-2018 6:23pm

drunkmonkey wrote: »

No Party's not over Canada has a weed shortage, we need to find who's got loads to supply.

but future profit IS already priced into the share price.
Canopy share is $70.... market cap of 16bn ..but what's their revenue for this year?

drunkmonkey · 16-10-2018 6:32pm

Jesus I hadn't looked in a while... more than future profit baked into that price.

evolving_doors · 16-10-2018 9:54pm

It might be prudent to set up some stop losses (not at too high a price though if there's a shakedown to get some cheap shares).

drunkmonkey · 16-10-2018 10:18pm

I'm all out of pot except for a little punt on Friday night which I'm probably going to bail out of tomorrow with a respectable profit.

evolving_doors · 17-10-2018 8:23am

drunkmonkey wrote: »

I'm all out of pot except for a little punt on Friday night which I'm probably going to bail out of tomorrow with a respectable profit.

How come you got out?

drunkmonkey · 17-10-2018 6:46pm

evolving_doors wrote: »

How come you got out?

Needed the money, Want to get in on CNBX with their Seedo partnership, think that could be the next iPhone. Seedo are meant to be doing a launch with some top celebrity very shortly, probably someone like snoop. It's not listed on Degiro though.

Marijuana Stocks, legalities for Irish Investors?

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