Cannabis - opinions

thrifty_pete

Wildsound wrote: »

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?

I'm not sure UK law matters in other countries. If I buy shares in a brothel in a juristiction where it is legal, then I don't think that is a problem? Or in a tobacco company whose subsidiary in the developing world sells chewing tobacco to street kids?
I don't think there are that many barriers to entry in pot production. Not far from where I live there is a shop selling all kinds of hydroponics equipment and special lighting. I can't imagine people are growing herbs for cooking in their attics!

msallen

Westie983 wrote: »

Not sure this is in the correct thread, I have asked for it to be moved to a more appropriate thread.

Thanks

Westie983

Why? (assuming it was in Savings & Investments when you posted that)

atush

All jokes aside i see it as a growth area.

I belive it should be available everywhere as a medicine as and when required. Not having to beg the home office for it while your child dies. Or as you die slowly in pain.

I am also in favor of it being legal for recreational use, highly taxed. It will deflate some criminal enterprises and bring in new funds for social/NHS spending. The funds brought into govt spending on this could be HUGE.

If it becomes legal, i'd invest in t he industry.

qwert_yuiop

masonic wrote: »

around the drug being prescribed is a no-brainer,

And that's just the smokers

qwert_yuiop

thrifty_pete wrote: »

Not far from where I live there is a shop selling all kinds of hydroponics equipment and special lighting. I can't imagine people are growing herbs for cooking in their attics!

Maybe there's money in marjoram production.

Computer_Beginner

atush wrote: »

All jokes aside i see it as a growth area.

If it becomes legal, i'd invest in the industry.

Do you mean if legalisation spreads from Canada / USA to the UK / Europe?

My point is that by the time that happens, you may miss the bull market?

Computer_Beginner

Wildsound wrote: »

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?

Is this a serious reply?

Computer_Beginner

Westie983 wrote: »

Not sure this is in the correct thread, I have asked for it to be moved to a more appropriate thread.

Thanks

Westie983

I don't understand what you mean.
I'm discussing whether companies such as Canopy Growth Corp, listed on the Toronto Stock Exchange (TSE: WEED) or Sativex (in the UK) are likely to increase in value should the laws around medicinal and recreational cannabis be relaxed in the UK / Europe - as they are in Canada and certain US states.

Which forum (other than the investments forum), do you suggest this topic be moved to?
To whom have you made a request that this thread be moved? And why?

Computer_Beginner

masonic wrote: »

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.

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.

Thank you for a sensible reply.
I take your point about low barriers to entry. But is that not the case with many goods (eg fruit, meat etc)? Many of us could keep our own chickens and grow our own tomatoes - but the economy of scale means most of us purchase from retailers.

I agree about politicians using their own powers to influence and maniulate markets. It's similar to insider trading really. I won't make any more comments...

qwert_yuiop

Computer_Beginner wrote: »

Thank you for a sensible reply.
I take your point about low barriers to entry. But is that not the case with many goods (eg fruit, meat etc)? Many of us could keep our own chickens and grow our own tomatoes - but the economy of scale means most of us purchase from retailers.

I agree about politicians using their own powers to influence and maniulate markets. It's similar to insider trading really. I won't make any more comments...

If production ever becomes legal, the market will likely be flooded within a matter of a few months as the first harvest becomes available. It's actually not very difficult to produce - a bit like nettles, a similar plant. The only important aspect is to remove the male plants to prevent pollination of the female flowers. Given some inexpert farmers in the locality, rogue males will be filling the air with pollen, ruining everyone else's sinsemilla.
I'd say overall, the business is one to avoid. I'm told the only reason for any floor in the price in the US states where it's been legalized is smuggling to high price states where it remains illegal, hedonistic Nevada to puritanical Utah being one such trade.