I am not much of a stock trader in fact I have a financial advisor to manage my money, however two months ago, I got caught up in reading about stock investments in Cannabis based companies. I invested some "play" money in 4 companies three on Vancouver exchange and one on TSE. I was prepared to lose half my capital as a worst case scenario should I have made a mistake. However in the two months I have owned the group, I have doubled my money and the stocks keep going up based on recreational use to be presented as part of Canada's Liberal policy (in additional to full acceptance of medical marijuana which currently exists), The addition of 4 states that approved recreational use in the US (in addition to existing states) plus the acceptance of medical marijuana in over half of the US.
The stock prices are been lifted by the potential of these companies and not their earnings which are slim to none. I had expected to see a long-term rise in their values not the "Green Rush" mentality that seems to exist.
Looking for others who have any comments on this issue.
Stocks are
Canopy Growth Company
Organigram
Mettrum Health
Aurora Cannabis
The stock prices are been lifted by the potential of these companies and not their earnings which are slim to none. I had expected to see a long-term rise in their values not the "Green Rush" mentality that seems to exist.
Looking for others who have any comments on this issue.
Stocks are
Canopy Growth Company
Organigram
Mettrum Health
Aurora Cannabis