My stock guy said there is not a pharmaceutical company in the US that is making CDB oil. Pot is not legal in the US. Therefore Canada is sell to the US.
So Ill update on my stock when he buys it....
So Ill update on my stock when he buys it....
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Cowpoker
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Originally posted by KP
My stock guy said there is not a pharmaceutical company in the US that is making CDB oil. Pot is not legal in the US. Therefore Canada is sell to the US.
So Ill update on my stock when he buys it....
Hope it works out for you but you might not want to hold on to it very long.
There are several large scale manufacturers in the US and hundreds of small scale manufacturers in the US and there are pilot programs starting in many of the states. From what I've read, there is potential for market growth but I'd expect that market to become saturated in relatively short time.
My stock guy said there is not a pharmaceutical company in the US that is making CDB oil. Pot is not legal in the US. Therefore Canada is sell to the US.
So Ill update on my stock when he buys it....
Hope it works out for you but you might not want to hold on to it very long.
There are several large scale manufacturers in the US and hundreds of small scale manufacturers in the US and there are pilot programs starting in many of the states. From what I've read, there is potential for market growth but I'd expect that market to become saturated in relatively short time.
Cowpoker
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I'd also suggest you pay attention to any and all legislation including any changes to how the FDA handles CBD oil. Currently as long as the THC level is below .3%, there is almost no regulation on the sale and most of the regulation happens on the domestic grower end of the equation.
I would expect that to change since it isn't tightly monitored or at this point illegal, it is almost like "Natural supplements" where there is no need to prove product quality to sell it. In fact, many of the off-brand oils contain NO CBD oil and as of today, there is little risk to a company putting baby oil in a jar and selling it as CBD and the reason why that is important is because CBD is relatively expensive to manufacture and that just encourages fakes and artificially inflates the supply.
I'm not a trader so do your own research but I think your current stock guy is misleading you because there are obviously manufacturers in the US and honestly if there were a large drug company that owned a larger share of the US production, I would anticipate them to lobby congress for tighter restrictions and control of the market. Long story longer, buy the largest scaled US manufacturer and wait until congress and the FDA acts on their behalf. It almost sounds like you are leaning towards a startup and hoping they survive but IF that market would start to take off, the powers that be in the government will make sure that the regulations are just strict enough so that only the top handful of companies will be able to afford meeting those regulations. In other words, if your stock increases in value in the near future, don't get greedy, just take your profit and GTFO.
I would expect that to change since it isn't tightly monitored or at this point illegal, it is almost like "Natural supplements" where there is no need to prove product quality to sell it. In fact, many of the off-brand oils contain NO CBD oil and as of today, there is little risk to a company putting baby oil in a jar and selling it as CBD and the reason why that is important is because CBD is relatively expensive to manufacture and that just encourages fakes and artificially inflates the supply.
I'm not a trader so do your own research but I think your current stock guy is misleading you because there are obviously manufacturers in the US and honestly if there were a large drug company that owned a larger share of the US production, I would anticipate them to lobby congress for tighter restrictions and control of the market. Long story longer, buy the largest scaled US manufacturer and wait until congress and the FDA acts on their behalf. It almost sounds like you are leaning towards a startup and hoping they survive but IF that market would start to take off, the powers that be in the government will make sure that the regulations are just strict enough so that only the top handful of companies will be able to afford meeting those regulations. In other words, if your stock increases in value in the near future, don't get greedy, just take your profit and GTFO.
Also, as lucrative as the cannabis industry will be, you also have to accept that 99 percent of the start ups and new businesses will fail. Sure, if you get lucky and find the 1 percent you'll be rich, but it's much likelier that you just lose your money.
Originally posted by Corndog
Also, as lucrative as the cannabis industry will be, you also have to accept that 99 percent of the start ups and new businesses will fail. Sure, if you get lucky and find the 1 percent you'll be rich, but it's much likelier that you just lose your money.
That's why you have to really be hyper active in new markets like this. You start by doing a lot of research early... weed out the small and the weakest as much as you can. And be ready to jump ship FAST if you see political changes or market changes or any issues your chosen 'business' starts having. Better to make a little profit than take a big loss... even if jumping early means you lose a possible future gain. Bird in the hand.
Also, as lucrative as the cannabis industry will be, you also have to accept that 99 percent of the start ups and new businesses will fail. Sure, if you get lucky and find the 1 percent you'll be rich, but it's much likelier that you just lose your money.
That's why you have to really be hyper active in new markets like this. You start by doing a lot of research early... weed out the small and the weakest as much as you can. And be ready to jump ship FAST if you see political changes or market changes or any issues your chosen 'business' starts having. Better to make a little profit than take a big loss... even if jumping early means you lose a possible future gain. Bird in the hand.
Originally posted by Theo Wizzago
That's why you have to really be hyper active in new markets like this. You start by doing a lot of research early... weed out the small and the weakest as much as you can. And be ready to jump ship FAST if you see political changes or market changes or any issues your chosen 'business' starts having. Better to make a little profit than take a big loss... even if jumping early means you lose a possible future gain. Bird in the hand.
Oh for sure. But I know a lot of people, family and friends included, that know next to nothing about playing the stock market or cannabis talking about how they're going to invest in the cannabis industry to get rich.
Considering KP is getting her information from her "stock guy", I'm guessing she falls into that camp.
That's why you have to really be hyper active in new markets like this. You start by doing a lot of research early... weed out the small and the weakest as much as you can. And be ready to jump ship FAST if you see political changes or market changes or any issues your chosen 'business' starts having. Better to make a little profit than take a big loss... even if jumping early means you lose a possible future gain. Bird in the hand.
Oh for sure. But I know a lot of people, family and friends included, that know next to nothing about playing the stock market or cannabis talking about how they're going to invest in the cannabis industry to get rich.
Considering KP is getting her information from her "stock guy", I'm guessing she falls into that camp.
Edited by Corndog on Oct 26, 2019 20:48:51
Worse than that. She is asking for advice on a defunct football game forum
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