Anyone actively participating on this market?
Would love to read more discourse on the matters.
Maybe try expanding ground up into psychedelics / synthetics / cannabinoids outside of Hemp/Cannabis.
I am watching the stocks lately.
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A lot of people lost money on legal weed stocks. I traded as a profession a long time ago, and my bosses would never let me touch a penny stock. The accounting statements can’t be trusted, rumors move everything, and the liquidity sucks, especially when they are going against you. If you own any, it is much easier to sell while it is still going up.
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Obviously we understand this market too shall flood.
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Buy in early. Sell out early.
These are all biotech stocks - the big pump was around 2(?) years ago and started by bankers who needed a new shiny thing to pump after MSO’s imploded. They probably illogically rose because of CO’s ballot initiative - just like how Canadian LPs rise when US legislation moves. Wouldn’t recommend any psychedelic investments, most of their valuations are about as realistic as those rent a scooter companies and niche biotech will not be getting favorable financing rates for the next year at least
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Good list of future puts right there
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