Quote:
Originally Posted by imperiouskitten
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yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol
It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news.
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Maybe some of the real big retail ones are a safe bet, as they are already stable in X Y Z markets, and probably have more deals lined up if feds remove the tape?