Anybody invested in a Cannabis fund?

Kernel_Sanders

Malthusian wrote: »

In all seriousness, if someone is promoting a cannabis investment to you, it is probably a scam. Cannabis is the new crypto and the usual suspects in the unregulated underbelly have been punting supposed cannabis funds and EISs for the past year

Agreed, you'd have to be a bit of a dope to invest.

vermania

Malthusian wrote: »

In all seriousness, if someone is promoting a cannabis investment to you, it is probably a scam. Cannabis is the new crypto and the usual suspects in the unregulated underbelly have been punting supposed cannabis funds and EISs for the past year.

You invest in shares or a bond from some no-name company that claims they're going to invest in cannabis farms or IP, something something something, and when it IPOs on February 29 2019 you'll double your money. Sound familiar?

I was getting daily spam from Motley Fool a few months ago really pushing investment in cannabis. It was incessant so I unsubscribed (not sure how I became subscribed in the first place). It was very persuasive marketing for a quite abhorrent industry.

Malthusian

vermania wrote: »

It was very persuasive marketing for a quite abhorrent industry.

Yeah, those dastardly MS sufferers and children with severe epilepsy and so on. I would say string 'em up but it's too good for 'em - we can't have their suffering being relieved.

antrobus

johhnyhotrocks wrote: »

I am looking to invest in one of the Canadian cannabis companies or maybe in a fund, but am finding it a bit of a minefield researching them.Has anybody invested in any of these?
If there is a thread already I apologise.

Or buy some shares in Associated British Foods?

They own British Sugar, who have a ruddy big greenhouse at Wissington in Suffolk where they grow the stuff in industrial quantities.

https://www.vice.com/en_uk/article/59qjnx/my-quest-to-get-inside-britains-biggest-weed-greenhouse

The UK is apparently the world's largest producer of legal cannabis. Canada? Pff!

antrobus

Malthusian wrote: »

Yeah, those dastardly MS sufferers and children with severe epilepsy and so on. I would say string 'em up but it's too good for 'em - we can't have their suffering being relieved.

Epidiolex, an experimental treatment for severe forms of childhood epilepsy. Not yet licensed in the UK.

Sativex, an anti-spa sti city drug used to treat Multiple Sclerosis. It is licensed in the UK, but NICE decided it was too expensive, or something like that, so it's hard to get a prescription.

I don't see what the fuss is about. Morphine is the best pain killer we have. Somebody has to grow the poppies to keep the NHS supplied. The fact that there is also a whole underground industry supplying heroin isn't a reason to leave people in pain.

P.S, MSE does not like the word 'spa sti city', hence the spaces, Bleepin istiotic, if you ask me.

Aretnap

I used to own some shares in GW Pharmaceuticals - partly because I thought they were a good investment but mostly because I liked the idea of owning a small corner of a cannabis greenhouse. Sold them at a tidy profit as I remember.

That was a good few years ago however, and it was an area in which I could claim a very small amount of expertise - GW are a real, listed, pharmaceutical company (then) conducting real clinical trials and (now) selling real products. I would echo Malthuswn's warnings about scams; if you must invest in cannabis themed investments (and I don't recommend it - do as I say, not as I do) then at a minimum make sure you are investing in real, listed companies or real, regulated funds, not in unregulated junk which will promise you the earth then disappear in a puff of smoke.

vermania

Malthusian wrote: »

Yeah, those dastardly MS sufferers and children with severe epilepsy and so on. I would say string 'em up but it's too good for 'em - we can't have their suffering being relieved.

Knew it'd touch a nerve. Lest I dare to take it off-topic, it's the lung and mental health timebomb from the far more widespread recreational use that concerns me (the element from which the most profits will be sought and made).

Malthusian

vermania wrote: »

Knew it'd touch a nerve. Lest I dare to take it off-topic, it's the lung and mental health timebomb from the far more widespread recreational use that concerns me (the element from which the most profits will be sought and made).

The most profits will be made from the medicinal side. Tennants Extra Strength doesn't generate more profits than antibiotics.

What timebomb? Losers have been smoking weed to excess and frying their brains for decades and will continue to do so. Far fewer than have been drinking alcohol to excess and liquefying their brains for the past few millennia.

There are two types of people in favour of Prohibition: those who drink alcohol, a far more dangerous narcotic (source: WHO), who are rank hypocrites, and teetotalers, who are as morally consistent as they are tedious.