MJ

smellybe

MJ had this down by not getting involved in politics and just selling his sneakers.

Own_Day_552

$AGBA all the way I guess everyone should know what is going on right now, good news after good news, its gonna be huge $XFOR - Catalyst April 30 $GNLN - very good fundamentals MJ stock $ATHE - catalyst monday, tuesday, wednesday

Farenheite

Autist I know has 1200 pairs of Unworn Air Jordans. I asked him why and he said "I'm 24 I'm going to outlive MJ and when I do I'm going to be as rich as him" A true autist.

talktothepope

Big picture, this has been a fairly dull stretch for MSOs. The ETF is down -3.74% in a month, and -1.79% in 5 days (despite the markets being a bit wonky). Volume has been pretty low as well. I like to think there will be a calm before the storm, so hopefully this is that. If nothing else, 4/20 might encourage reporters to ask MJ-related questions and maybe we see some more juicy rumours next week. We need those to tread water until this legal opinion gets published/Anne gets off her ass.

evilzombiefan

If you all are looking for a weed penny stock check out the ETF's MJ 3.75 as of typing this or MJUS 1.95 as of typing this. MJ pays out 3 times a year and i believe MJUS pays 2 times a year. Either way i think theses are great and near the bottom and if the safer banking bill is passed or rescheduling of MJ look out. Just my 2cents. But yes Tilray is the way to go look for companies that have more than one way to make money.

noobstockinvestor

MJ Biz: Rumors swirled this week that the Department of Justice’s Office of Legal Counsel had already made up its mind. Blumenauer also “heard those rumors,” he said Friday, “and as recently as yesterday talked to some high-level people in the (Biden) Administration. “There is the assumption that this is going to move forward, it’s going to be positive, and it’s going to be embraced.”

colliric

This is for you: [https://youtu.be/qFk\_OxpMm9o?si=bdu6Vub3nis-8ejZ](https://youtu.be/qFk_OxpMm9o?si=bdu6Vub3nis-8ejZ) MJ meets Charlie Chaplin! 😭😭😭 Especially for you Tesla bros. Great Depression 2 incoming! Modern Times Theme song of Great Depression 1 gonna come back in vogue fellas.... I'm fucking down 35%.... Gonna hold forever. May as well. 

grandmasterfuzzface

COLM DELL GOOG INTC LEVI QCOM TGT MJ MSOS VO Roast me bro.

Blind_Willie_McTell

Yes, thankfully we were able to pivot and adjust our position, didn't stay bear-faced and got to ride that one up. Missed the top by a good 5% but certainly made up for it rather generously catching ~280% on that crazy WEED play!! So now the real fun begins as we see how low we go here. Not sure on MSOS right now but we've shifted most funds into a rather heavy SQQQ, short SP500 structure. MJ is too unpredictable to be sitting long either way. Focused on the June rate HIKE probability and SPY touching 445 before we reposition funds. Best of luck on your trades :)

AssistanceChance5454

To double up they clarified multiple times during the call that there was no information on timing … multiple times… just that the report was done. No idea why people associate what was said yesterday anything with a specific timeline… just that the report is done and it favors MJ and in the past DEA has never bucked the trend. It provided me comfort but nothing along the lines of timing expectations.

AnimalStyleCreole

CRLBF VRNOF are running multi state operations and could explode if institutions decide, or are allowed, to pump pot stonks this year. For broader exposure see MSOS MJ. Canadian cannabis is beat to a pulp could be cheap rn (regarded nuggets), see bear raid on TLRY and CGC these last 2 years.

dei1234

MJ ➡️ Schedule III is a done deal

talktothepope

I don't know what's more weedstocks. The fact that, despite lots of evidence that the excise taxes are ridiculous, they weren't addressed in the budget at all... ... or the fact that, if AH trading is any indication, no one besides /r/weedstocks bagholders cares enough to be disappointed. I do think that there will be excise tax reform at some point. But now it's basically just another "soon." Imo they will form a committee to dig deeper into this issue that's already been studied to death, and then come up with a convoluted solution that promotes small businesses by reducing excise taxes for the first however many kg produced (or whatever). And maybe that's the ultimate bear case here. How many years of bullshit and committees and yadda yadda yadda, from federal, provincial, state, municipal, UN Conventions, etc, will it take before MJ finally gets treated like any other business? Hopefully LPs and MSOs are considering their legal options in the face of obvious feet dragging.

c-dawg86

Canada always fucking up the layup everytime. US take note. Don't treat a fucking young industry with loads of potential the way this country has done the MJ dirty as fuck. What a Disgrace

iggyg85

I understand this one. The MJ stock bust after the 2016 election burned me pretty bad.

iggyg85

Mostly not worried about it with the DD I’ve put in. I made those mistakes you’re talking about at the MJ penny stock bust of 2016. I’m diversified enough at the moment for long term future that making plays like this one doesn’t concern me so much at the moment. I get what/why you’re saying it though, bud.

22strokestreet

Loaded to the tits with MJ

LegendaryPain-

Bullish on TLRY and other Canadian LPs. Canada to revise the excise tax which has been screwing over these MJ companies but finally the federal government is realizing they can’t continue to charge this much tax and expect the companies to still be around in a few years. If they reduce the taxes it can generate $80 million annually for TLRY!

Smooth_Molasses_8951

and MJ wasn't a great basketball player, gretzky not a great hockey player.... Buffett's never claimed to be great and always downplaying the possibility of their upside going forward(since like the 70/80s?) yet has continued to compound most of his career @ 20%. He's got nothing to prove but if you gave him a small pool of capital today I'd bet he outperforms most over 10-20 years

talktothepope

Ouch. I mean even the "Pharma" boogeyman reference alone is cringe. I get how retail bagholders can believe that horseshit, because it's repeated on social media ad nauseam and taken as truth, but do people really think Big Pharma gives a shit about weed, when medical is legal in 38 (of 50, so a vast majority) and rec is legal in 24/50? Maybe Big Pharma used to care, I don't know, but people talk as if MJ is this magical cure-all and it's not, sorry. Nothing ever is. Big Pharma can make their billions fighting cancer and other diseases that weed offers literally no benefit for.

talktothepope

I mean, it's plausible? These are weedstocks, so "FUD" is almost always predictive of what actually happens. Schedule I - high risk of abuse, no medical benefit. Kind of fits recreational weed to a t. I agree that it would be kind of stupid, but so is the Single Convention and that seems to be the main factor here. Bifurcated would allow for the illusion of control, even if the government doesn't treat MJ like it treats other Schedule I drugs (via de facto lack of enforcement and Cole Memo 2.0). Weed has no real comparable to other drugs on the schedule. Like, there is no legal market for Xanax, Lyrica, Oxy, etc. No state has legalized Benzo dispensaries, lol. That shit is Rx only, if you want to get it for rec, you gotta find a sketchy doctor, or buy it black market. So weed is pretty exceptional when it comes to the fact that there are legal rec markets in a near majority of states. It stands to reason that weed might therefore be treated exceptionally. And, maybe my main thing, why the hell is it taking so long? The DEA themselves (iirc) said that it usually takes 3-6 months. Now we're working on 8. It stands to reason that maybe it's taking a long time because they're working on something complicated. Anyways, it might not be all bad. Companies would still see some 280e savings under a bifurcated model (I think). I think the market would be initially whelmed, but it might run again going into the election if Dems run on it. Which I think is still the plan. I think think that the plan might be to push to remove MJ from the Single Convention, which could lead to a descheduled rec market like alcohol

talktothepope

Right now, a lot of excise tax isn't being collected because LPs aren't paying it. And now a lot of is is "unrecoverable" because they went out of business. I definitely expect provinces to claw back some excise tax losses somehow, but also, it's pretty clear that if only businesses that pay excise taxes are allowed to participate in the market, they might not actually lose that much money with a lower % excise tax. Also I would argue that, at this point, this is a de facto coalition government. I don't think any party has an appetite for an election right now. MJ excise policy isn't all that controversial. Most people don't care. Hopefully lobbyists are working to get this shit past the finish line

talktothepope

I feel pretty neutral about the Libs but if nothing else, they have done ok by MJ policy. Fingers crossed

talktothepope

That doesn't really work because there's no recreational market for Xanax (for example). I mean there obvious is, but it's illegal. MJ is unique because there is already a quasi-legal market, and accepted medical purposes. Like, there's no state that has legalized Xanax so you can buy it at the Benzo store lol. Anyways, I think we might have been overstating the importance of Schedule III, not from a business purpose but as a social purpose. As long as the government, via a renewed Cole Memo, tells people that they are not in the business of regulation weed, then no one will get arrested on a federal level. Full vs bifurcated doesn't really make much of a difference re: enforcement as far as I can tell.

St_BobbyBarbarian

Shoes are a commodity. Nike also is the old head in the room and is losing large chunks of market to brands like On and Hoka. It’s not even a serious running shoe company like brooks/Saucony, despite its origins. Its biggest pearl is the Jordan brand, but even that is losing some luster because it’s been over 2 decades since MJ played

L00pring

My guy, im on last dance for the 5th time love me that MJ mindset

Nair1486

By the time early voting starts and if we are still without S3 and or SAFE, I will most reluctantly exit from MJ stocks, after nearly seven years. I hope that doesn’t happen.

Tio_Almond420

I think it may reach 2020 prices in a few years. Especially if more MJ markets open, and they acquire more breweries across the US. However, the short squeeze opportunity here is huge. It is just a matter of, if people believe the company will survive. And I believe it will base on their infrastructure, how they have position themselves, and the diversity of the business. This is a fairly “new market and industry” talking in legal terms. Once markets open sales will go through the roof.

nsfwftwbaby

If TSM crushing earnings and not mooning is not the canary in the coal mine then I don’t know why we even legalized MJ in the first place.

UsuallylurknotToday

[if only we knew this happened every day the same way](https://www.reddit.com/r/wallstreetbets/s/NEGM6MJ2Rh)

wolferd15

If you want to have access to MJ you have better options than this to consider. Look into Greenthumb, Trulieve, Verano. Actual American companies with actual American access. And not run like crap.

UtredOfBruhBruhBruh

Right? The rationalizations and sunk cost fallacies some of our fellow sub-members are subjecting themselves to… There are clearly better companies for your MJ exposure, gang. For the love of god, just buy GTI/TRUL/VRNO - or MSOS if you don’t want the concentration risk.

Academic_Mulberry218

As someone from Canada that made a ton off of them right before legalization and sold at the height while warning everyone else involved to get out, don’t invest in MJ stocks. A friend owned 2 greenhouses that he threw terrible seeds into and sold to one of the “big 2” before legalization. His total investment was less than $120k and they paid him enough for him to retire at 30. Little was known about the industry here before legalization and now that it’s been years, none of these businesses are profitable and may never be. As legal suppliers came, even more illegal suppliers are offering for even less.

weaponsmiths

I don't see why they would skyrocket. MJ is easy to grow and when it's legal, why would it cost a premium over any other staple?

surfinbird

When I was growing up, MJ was black

headless429

Anyone planning to get into MJ stocks this week?

SamirD

I think you hit the the core with not being a meritocracy anymore and a bunch of honest hard working people holding a lot of this together. Because if everyone pulled crap all the time, things would start to unravel--like they currently are. What we need is a return to ethics and merit and as MJ would sing 'I'm starting with the man in the mirror'.

talktothepope

She could be right, even if it only comes down to the House barely managing to perform basic tasks, let alone pass MJ bills.

WillzeConquerer

I look and see MJ is at 4.20. On that note BRB rq

Elias_The_Thief

I'm up big on my MJ, MSOS and MSOX plays, and will probably sell for a huge gain on rescheduling or legalization news. Entry point is everything, and picking individuals in the space is probably the worst way to go if what you want is low risk. Individual tickers in the space are high risk high reward.

JoelPolish

I am playing heavy with OGI. MJ stock. Germany and Florida giving it good bumps. Been bouncing between $2 and $3. I own a lot of hoping it hits $3 then I can sell. Make my $50k turn into $75k. But it might take the rest of the year to do. 🫤

dogebonoff

MJ is currently at $4.20 Nice Great entry price 

badchad65

that'll take decades. There is no framework for FDA to regulate MJ, currently.

badchad65

The current proposal is for Schedule 3. MJ would still be illegal/controlled, albeit with less harsh penalties.

Correct-Classic6390

Talking points for the election. MJ is always on the table of topics. Bullish until November

phatbob198

Not only is MJ a passively managed ETF that tracks the Prime Alternative Harvest Index, but it rebalances quarterly, so idk why you are complaining about it right now.

livefromheaven

If LPs keep running I wonder if we see $MJ rebalance back into more of the MSOs. I don't like that ETF.

dogebonoff

Full ported my Roth into 50% TSLA, 25% IBIT and 25% MJ

6432188

MJ is on easy mode ...BTFD

tallyindoorsports

If you are trying to pick a horse, it's $TCNNF (Trulieve) imo. They are the biggest player in Florida, and Florida is highly likely to get rec MJ after November. They spent $38 million to get rec MJ on the ballot. They already figured out how to finesse the tax deduction problem (at least on the medical sales side). Anything that happens federally would be great, but even if things stay status quo federally, Trulieve is going to win big.

6432188

2nd chance to buy the dip in MJ

IndividualistAW

It would take time, but almost certainly for the medical market. Part of The definition of schedule III is that the drug has accepted medical use. It would take additional time for the FDA to work out the kinks of making MJ an officially approved medicine. But the stocks aren’t goin to wait for the kinks to get ironed out. As soon as the rescheduling happens it’s just a matter of time

VicePrezHeelsup

Follow the money and it’s the pharmaceutical companies that stand to lose the most if MJ is legalized on a federal level. As long as big pharma is greasing politicians bank accounts descheduling is not going to happen

Ok_Rabbit_8808

Got MJ. I’m set

IndividualistAW

If you can’t pick one get into MSOS or MJ or some such ETF

badger0102

Great sub. $CGC $MJ $SNDL $TLRY $CRON $TOKE

overcloud

Yo, peeps! Check this out, from Canada to Germany, the green wave's been rollin'. Now with Biden in the mix, it's time to roll up and invest in them MJ stocks before 4/20 hits. Don't trip on past letdowns, cuz the future's lookin' lit. Slide into this chill opportunity while it's still smokin', ya dig?

Ok_Rabbit_8808

No need to buy any single stock bcuz I have MJ

DiamondFuckingHandz

Reschedule works great for MJ stocks, Safe Banking too. As is, NASDAQ listed companies cannot operate in the weed industry in the US -- Safe Banking and Rescheduling have a high likelihood of changing this. I hold 50,000 $HITI shares, not as big of a fan of TLRY or SNDL but I support all my fellow regards holding them.

IndividualistAW

That may be true, but the reality that thsy pressures Biden (and trump) to move to the left on MJ stands

Ready2gambleboomer

*Raises hand but I'm regarded like that. TLRY , MJ, VFF all running.*

flowbiewankenobi

MJ won’t be legalized until the very last boomer is dead

KeyAd981

$SNDL is looking good right now. I've had calls on $MJ but I just hopped on this. Hopefully weed gets rescheduled by 4.20 in the US and the prospects of international sales comes up. We are also awaiting the SAFE banking act which would allow Marijuana companies to get more conventional lending (rather than expensive hard money loans) and the whole industry is about to rocket.

Putrid_Pollution3455

It appears that I came prematurely on my TLRY calls....probably left a sad amount of tendies on the table. Already margined into MSOS and MJ instead! Let's get this shit rescheduled! Florida got weed on the November ballot. That's 22 million retired folks that need pain relief. We got Germany going nuts (82 million). Maybe this is finally the year the politicians load up and we get this party started (legalizing mj before the election and incoming recession would definitely make their jobs easier).

IndividualistAW

Correct. Right now MJ businesses cannot deduct legitimate business expenses as tax deductions. Even medicinal businesses that are legal under state law. Reschedule into sched III at least takes care of that for medical MJ

IndividualistAW

MJ is one. There are others

dogebonoff

This reminds me of making money off MJ when Biden was about to be elected Wasn’t paying to the news and ignored an ACB callout that more than 10X already 

613Flyer

SNDL is the best play after seeing Canada during legalization I’m not missing out on the huge reruns of US legalization. I checked every Weed stock and where they are at and honestly SNdL was the best option for reward based on share price. It has a super low float which means you will see greater returns and because its debt free with cash in the bank you won’t see dilution Profitable. Low float. Way below valuation. Debt free. Money in the bank to buy assets. A lot of these MJ plays are in bad places debt wise.

6432188

you just dont know where to look. MJ is pumping everything up at least 15%

Ed_Chambers_650

This isn’t 93-98 Chicago Bulls MJ Bob Iger, this is Wizards MJ Iger

mkwz8

I'm in tilray, village farms, auxly, organigram, and trulieve. Looking for a good play at or around April 16th for Canada MJ stock with potential excise tax being lowered..

Putrid_Pollution3455

Instructions unclear, YOLO'd into MJ and MSOS

Megaloman-_-

My end-of-2025 target price for Aurora is about $160-170. I think $20 is an optimistic target for end of July 2024, but not impossible. If (when) the DEA finally moves MJ to schedule III, there will be an uncontrollable squeeze, that alone may give you 50 bucks of jump from whatever baseline.

KissmySPAC

The risk/reward on MJ is unbelievable.

perineon

I have holdings in a few industries like this: battery tech, recycling, electric infrastructure, modular housing, and yes, MJ. Small dollar amounts, but they kind of keep me aware of what's happening in the industries which is helpful elsewhere in my life. Something jumps or dips and it's a little trigger to do some reading. Kind of an unexpected side effect of investing.

DEASqueezeAllComing

Well maybe if you take the time to read what I said and not answer with things that happened before the reverse split. I also mentioned CGC specifically 1- CGC pumped from 2.76 to a temporary peak of 10.13 which is a 267% move Pull me another MJ stock that didn't have a reverse split and did a 267% move between march 14th and march 28th

talktothepope

You'd think so, but who knows. I think being listed on the major exchanges makes them trade a lot differently than the CSE listed MSOS (and no I don't believe in a MSOS short squeeze). It could be shorts covering as a result of Fat Joe and Kamala saying they need to legalize (and general hype that things are happening and that MJ will be an issue they run on in 2024). I hope it's Canadian tax relief though because that's what LPs needs the most

TrackRound4807

MJ ETF is where its at

OkGur3917

$HITI! Low float MJ stock with a ton of volume, good financials and I have the highest confidence that this think will go parabolic with the rest of the MJ sector. You saw it here first 😉

Due-Firefighter3206

Also talks of it being clarified as illegal. 22 state Attorneys General are fighting right now to clarify the Farm Bill definition of “hemp”. As of right now MJ is included in that definition but if they get their way then growing MJ will be federally illegal, throwing a massive wrench in the industry. That being said, i would still sit on the stocks or just sell them off for the capital loss and write it off for 2024. Not a huge amount of money and no point in crying over spilled milk.

reparative_finance

Feelings don’t matter. Hold the stocks until the next MJ boom comes, and sell for less of a loss. There’s talks of it being legalized federally, so just wait it out.

evilzombiefan

Exactly, Germany just legalized it and there are companies with a presence over there who are in on the ETF. That other guy must be high. Look at Tilray diversifying, other companies will follow suit there is money to be made, sectors like medical, again that other dude must be high. MJ and MJUS.

Mygaffer

Didn't MJ famously say "Republicans buy shoes too?" Maybe Elon should say "liberals buy cars too" and keep his mouth shit on culture war stuff.

stonks_go_upp

!banbet MJ 4.20 18d

prisoner_jiub

What is y’all’s opinion on ticker MJ? I feel like I don’t see many people talking about it.

Decent-Bed9289

Well, momentum is building. Germany just opened the door to MJ, Canada may be changing their tax code later this month, and Florida has weed on the ballot this year. It’s an exciting time!

Megaloman-_-

ACB. But if (when) the DEA finally reschedules MJ to schedule 3, it should boom ….

Hanshee

39th state to legalize MJ. I don't see any high price action.

Hanshee

39th state to legalize MJ. I don't see any high price action.

Lordy_Mercy35

There's an ETF for cannabis, MJ, but so many people have been burned on cannabis stocks (no pun intended).

FucktardSupreme

I think all of this stuff will be done in rapid succession.  Non-medical MJ states get prepared legislatively, Nancy Pelosi buys MSOS, DEA makes the announcement, SAFER gets passed days to weeks later.  

PBandJ_maniac

queue MJ popcorn.

FucktardSupreme

A friend of mine sent me this excerpt from the state budget of Kentucky. Kentucky, the deepest red of deep red states. The domain of Mitch McConnell, where medical MJ isn't even legal within the state. Where there is a Republican supermajority that can override the Governor.  My Take > "23 (4) Office of Medical Cannabis: Included in the above appropriations is $5,215,000 in General Fund and $2,906,200 in Restricted Funds in fiscal year 2024-2025 and $5,154,600 in General Fund and $1,986,200 in Restricted Funds in fiscal year 2025-2026 to support staffing and operations of the Office of Medical Cannabis. No funds shall become available until the Board of Physicians and Advisors, as defined in KRS HB000620, finds there is a propensity of peer-reviewed, published research with sufficient evidence as to the efficacy of medical cannabis for the persistent reduction of symptoms of diseases and conditions. The Office shall utilize Restricted Funds to the fullest extent possible before expending the General Fund moneys. Notwithstanding KRS 45.229, any portion of General Fund not expended for this purpose shall lapse to the Budget Reserve Trust Fund Account (KRS 48.705). Mandated reports shall be submitted pursuant to Part III, 24. of this Act." My Take: Schedule 3 is a done deal and the DEA is waiting for state legislatures to prepare themselves for the transition (because, after all, their main concern is law enforcement) and this has been communicated to the states. FYI, the vast majority of state legislatures are adjourned by June 1. So, if April doesn't materialize look for a very practical right-after-June-1 date

Kerbonauts

I would'nt say "most" but you're right, was certainly the case for Canadian MJ companies 8 years ago.

cscrignaro

MJ stocks

1UpUrBum

Ya man tokin stocks is where it's at MJ to the moon

Fishing4Advice

I wound up selling MJ above the ATH close during 2020's run-up, but only started actually DCA-investing in Oct. 22... All luck/good timing. There are many bagholders who will ride this up to break-even, and I don't want anyone who has had more even more patience than me to be burned! Seeing people talk about 10x gains - can't tell if serious or not - the fact is, nobody knows nuthin' (Bogle). I don't think it's necessarily overly rosy/optimistic to entertain ATHs. That's my exit plan, at least. As much as I'd love to stick around for the long-term (full legalization), SAFER, uplisting, I know that I'm going to be reducing my position substantially once this catalyst happens. I feel like where they're trading right now (Tier 1s) are kind of realistic given profitability. It seems like these days all that needs to happen is hype/memes.

TomorrowLow5092

Crushing is what the last three years represent. A tax burden on the sale of Long Positions of MJ stocks is the next confirmation of our freedom from these heavy bags.

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ubswiredadd

Ber the kinda dude to actually think zendaya was a better MJ than kirsten dunst.