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Cannabis - opinions
Computer_Beginner
Posts: 269 Forumite
What are people's opinions on this?
Too late, ''in the press, so in the price'' etc?
Or still more growth (literally!) in the sector, if it expands into Europe (and possibly more room for the market to expand in the USA)?
Too late, ''in the press, so in the price'' etc?
Or still more growth (literally!) in the sector, if it expands into Europe (and possibly more room for the market to expand in the USA)?
Selling off the UK's gold reserves at USD 276 per ounce was a really good idea, which I will not citicise in any way.
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Probably safer to invest in confectioners
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I hear it is a growing industry.0
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It's a high risk investment.0
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How do you expect to invest in this by the way? Given it's an illegal substance in this country (UK), I think you would likely be directly/indirectly breaking the law right?0
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Not sure this is in the correct thread, I have asked for it to be moved to a more appropriate thread.
Thanks
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
The UK was the world's largest producer of legal cannabis in 2016, according to the UN, producing 95 tons, all exported to countries where it can be used legally.How do you expect to invest in this by the way? Given it's an illegal substance in this country (UK), I think you would likely be directly/indirectly breaking the law right?
The way to invest would be to buy shares in companies involved in the production of medical marijuana products, which in the UK would be companies such as GW Pharmaceuticals. Of course, if you are married to the Prime Minister and work for an investment firm, building up a 22% stake in the company in the lead up to your wife relaxing controls around the drug being prescribed is a no-brainer, but for others, I'd echo Malthusians comment that it is a high risk investment.
It's not going to be easy for companies to rake in profits from something that can be legally cultivated at home for little cost by a large proportion of the world's largest market.0 -
An unregulated introducer who promotes the usual scams (unregulated bonds, hotel rooms promising 8%pa guaranteed, airport parking spaces, etc) has started punting a cannabis EIS. Needless to say I'm not tempted.0
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Malthusian wrote: »It's a high risk investment.
For dopey investors.In memory of Chris Hyde #8670 -
I think Japanese Knotweed has the biggest growth potential.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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