A video covering some of the licensing and regulations that California will have when it legalizes the sale of recreation marijuana at the start of 2018. The licenses seem like they will be difficult to get in certain cities and the taxes will be high, so investing opportunities are limited but they do still nonetheless exist. To be clear, if you want to try to make money on some of these stocks, your best bet is to play the news and only buy into these stocks for a short while. Going long on most of these companies will likely not yield good enough results for doing so (it’s a bit too early to go long yet).
Amazon referal link if you want to buy anything and help me out a bit 🙂 (all you have to do is click it before you buy something on Amazon)
https://www.amazon.com//ref=as_li_ss_tl?ie=UTF8&linkCode=ll2&tag=investorpalac-20&linkId=96f5f6f6103af2dfaa1aa2f429c9176b
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https://www.capitalatplay.com/the-price-of-freedom/
Thanks man, it was insightful !
Good video and informative. I'm going to keep my eye on it. But hold on to my wallet until some company develops there. That has brick and mortar stores that sell bouth medically and recreational products. Three rules I adhere to. 1 in house grow operation. 2 sell medical marijuana and recreational products. 3 brick and mortar stores. What I am going for is the next McDonalds of marijuana. As always happy hunting to my fellow investors and happy holidays:)
your thoughts on EAT and LDS will play in Cali??
45% tax seems ridiculous
I know this isn’t anything related to this video, but I just wanted to let you know that the major rules have changed for csgo which means 24 teams now get stickers and might affect investing. Hope you check it out
To clarify, a lot of the publicly traded marijuana companies that are going to be doing business in California are going to be small penny stock companies, most of which will fail in the long run. There is an opportunity for a "play the news" sort of deal here but it has a lot of risk to it. Look around and see if you can find anything interesting that people might buy once the news hits. Don't get stuck holding these companies for a long time unless you can afford to lose all your money. If you're looking for safer investments, go look at the Canadian companies, which are much further ahead in terms of development. At the moment, I don't have much of an interest in trying to make money from Californian marijuana companies. I will not be buying any of them right now but I will be keeping an eye on them to see if anything interesting takes place. I think that there is a lot of potential here but it is much too early for any sort of sound investment to be made.
Also, the 2 companies that I used in the video, AMMJ and KSHB, are just examples. There are dozens, if not hundreds, of other ones out there. Go find them if they interest you.