Best way to invest in marijuana stocks?

[disneysteve]

I wouln't have a crisis of conscience over marijuana. It's no more addictive than porn, sex, or Twizzlers.
I know a lot of people who smoke weed and I know very few who I would consider even mildly addicted.

I don't know anyone who has ever been fired for eating Twizzlers. I know plenty of people who have persisted in using marijuana despite it threatening their jobs, their marriages, their healthcare, even their freedom.

One thing I do wonder is how legalizing marijuana will impact the drug-testing industry. Just because it is legal isn't going to make employers care about it any less. We are probably going to see a huge increase in drug testing which could benefit companies like Quest Diagnostics, LabCorp, MedTox, and others.

[ukgaz]

I broke one of my rules recently which was never to get involved in so called penny stocks. When Colorado went weed crazy I invested in a stock that provides equipment to the growers. I could see the potential growth short term in these stocks and got in and out at a good time/profit.

Do your research and there are opportunities for this sector. If and when other states get aboard it could be fun though caution is the key with something new like this at this time

[hamchan]

I don't know anyone who has lost a job (or even came close) over marijuana, but I know a couple of people who have gotten jobs in the industry since we legalized it here in WA. The industry I work in draws a lot of the "free spirit" types, and most of my friends are in their 20's or 30's. I know a lot of people who smoke. A lot. Only one of them wasn't already doing it before it was legal, but she had in the past. I have not seen anyone's life, job, or relationship go down the tubes in the last year. Literally the only difference is they no longer have to worry about arrest.

I do know someone who was fired from her job for being "too fat." Couldn't tell you if she liked Twizzlers though.

Marijuana has no physically addictive properties. Caffeine does. Alcohol does. Tobacco does. Most legal prescription painkillers do. Anyone who finds themselves in a situation where their jobs and relationships are threatened because they can't give up marijuana could literally get addicted just as much to anything.

[JoeP]

Marijuana has no physically addictive properties. Caffeine does. Alcohol does. Tobacco does. Most legal prescription painkillers do. Anyone who finds themselves in a situation where their jobs and relationships are threatened because they can't give up marijuana could literally get addicted just as much to anything.

Legal MJ could end up reducing some demand on some of those.

Also, there are people who could use their gardening skills to grow their own and even give (not sell) it away in exchange for other goods and services. Home brewing, for example, allows hobbyists to make beer for about 1/3 the cost of retail, so I can see this translate to MJ as well.

[indicatorguy]

nice you get to see the future of this industry. if it will really be legalized nation wide in less than 5 years, you sure would gain millions

[disneysteve]

I don't know anyone who has lost a job (or even came close) over marijuana

I guess your friends have been lucky. I know many, many people who have failed drug tests and been suspended, fired, or even prosecuted for their drug use. Of course my exposure to this is significant since part of our practice involves doing corporate drug testing of employees. I have also seen many people fail to get jobs because they couldn't pass the pre-employment drug test.

I know a lot of people who smoke. A lot. Only one of them wasn't already doing it before it was legal

I agree with this. As I said earlier, most people willing to use drugs are already doing so. Making it legal isn't going to generate a flood of new drug users. Plus, if buying it commercially isn't significantly cheaper than buying it on the street, it won't be big business.

Marijuana has no physically addictive properties.

LOL! Did you read that on NORML's website?

[rennigade]

Marijuana has no physically addictive properties. Caffeine does. Alcohol does. Tobacco does. Most legal prescription painkillers do. Anyone who finds themselves in a situation where their jobs and relationships are threatened because they can't give up marijuana could literally get addicted just as much to anything.

Huh? Anything can be addictive. Look at all the obese people in the world...lot of people addicted to food. Gambling, masturbation, porn, rx drugs, etc etc. That argument for marijuana is dated...if you're pro weed dont use that anymore...

Either way...was just in Colorado a couple weeks ago. I was happy to stimulate their economy a little by stopping by a dispensary. Odd thing is im still alive, I didnt kill anyone, im still married, still semi productive at my job. Its hard to believe I know.

[autoxer]

That argument for marijuana is dated...

So is this thread.

[disneysteve]

Huh? Anything can be addictive. Look at all the obese people in the world...lot of people addicted to food.

Either way...was just in Colorado a couple weeks ago. I was happy to stimulate their economy a little by stopping by a dispensary. Odd thing is im still alive, I didnt kill anyone, im still married, still semi productive at my job. Its hard to believe I know.

Obesity is not the result of food addiction.

As for you visiting Colorado and smoking pot and it not ruining your life, that's no different than me saying I smoked a cigarette once when I was a teen and I turned out just fine.

There is a big difference between trying something one time and using something on a regular basis. In your case, you are fortunate that your job didn't decide to do a random drug test when you returned from Colorado or else you would have been screwed. I know a guy who very nearly lost his job over a positive marijuana test after returning from a trip to Amsterdam. Sure it's legal there but it isn't here. He was lucky that his boss is pretty laid back and let it go with a very clear warning that if he ever failed another test he'd be out the door.

[rennigade]

Obesity is not the result of food addiction.

Thats not true at all. Sure some obese people have deep rooted depression from events throughout their life that causes them to eat...but there have already been studies/publications about how addictive sugar is.

From a study from nih: "Overall, this research has revealed that sugar and sweet reward can not only be a substitute to addictive drugs, like cocaine, but can even be more rewarding and attractive. At the neurobiological level, the neural substrates of sugar and sweet reward appear to be more robust than those of cocaine."

As for you visiting Colorado and smoking pot and it not ruining your life, that's no different than me saying I smoked a cigarette once when I was a teen and I turned out just fine.

I couldnt agree more. Anything in moderation done responsibly will not kill you or make you addicted. From people much smarter than me who study drugs/drug use...that entire notion of "you try it once and you're addicted" is complete bull crap...for any drug, not just pot. Its basically a scare tactic/propaganda like the commercials you used to see on tv that were made by the partnership for a drug free america.

There is a big difference between trying something one time and using something on a regular basis.

I smoke a dozen or so times a year...sometimes more sometimes less. I guess it depends who you ask if once a month is considered regular or not. Its essentially on par for the amount of alcohol I consume in a year. Very little of both.

[rennigade]

So is this thread.

Whoa you're right. Im not one to keep a thread going...guess I should have checked the date before I posted.

[disneysteve]

that entire notion of "you try it once and you're addicted" is complete bull crap...for any drug, not just pot.

Well, I'm pretty sure that if you never try it, your risk of addiction to it is 0%.

I smoke a dozen or so times a year...sometimes more sometimes less. I guess it depends who you ask if once a month is considered regular or not.

It really depends on who is asking. If you fail a drug test or get denied life insurance coverage, that would probably be an issue. It's certainly possible to test positive for several weeks after using.

[Fishindude77]

I'm not on board with this legalization thing either. I think our country will eventually regret it.

[rennigade]

I'm not on board with this legalization thing either. I think our country will eventually regret it.

I always like to ask this for those who are not on board...have you ever tried it?

I still scratch my head as to why its taboo. It was interesting to see in CO how it was no big deal. Peoples views were no different than walking into a state store and buying alcohol. To them it was just another store that provided goods and services.

[disneysteve]

I always like to ask this for those who are not on board...have you ever tried it?

I still scratch my head as to why its taboo.

I'm not sure what trying it has to do with the issue. If I tell you I've tried heroin or cocaine would that negate any dangers associated with them?

If you're of the opinion that marijuana is safe and has no negative health effects, then we'll have to agree to disagree.

If your argument is that other dangerous substances are legal so this one should be too, I would say that I'm not in favor of those either. I would love to see them ban tobacco sales tomorrow. Just because they've been stupid in the past isn't justification for further stupidity.