MJ

Dynomeru

Figured, saw “MJ Victory Lap” before I saw “GOP” net loss unfortunately

phoggey

Transport costs via tanker are fairly negligible, surprisingly. Turns out making a ship go vroom isn't a big deal, which is why even something not as energy dense like coal (24 MJ/kg in coal vs 44 MJ/kg in oil/diesel/gasoline) could get you across the Atlantic quick. Keep the refineries out of your country if you can. I grew up in Houston and had so many childhood respiratory problems as a result of the refineries.

Gauss1777

If I recall correctly, MJ roasted past people in his life during his hall of fame speech. I remember it just seemed super petty at the time and many others felt the same. IMO, probably the greatest of all time basketball player, but yeah, overall POS.

PokerSteve801

MJ didn’t short anything. He put his money with a firm that stupidly shorted GameStop. Doubt he had any idea what they did with his money. They probably made him many millions before they lost him a shitload more. But he is a dbag

Next_Shallot_961

MJ the real goat!!!!! Do you think he cares?

sec2nds

MJ Lee

DRMRCX

Don't really see any companies I like at the current price. The space in general is too elevated and too speculative at this point in time. Federal legalisation will undoubtedly come sooner or later imo, but it might take years. It's also far from clear which companies are gonna make it and which aren't. What's more, people often look at MJ-only companies and disregard entirely that the possibility of established Tobacco giants becoming big players in that space, too. We're at a point where prices, even those that have come down a lot, are still elevated by people who already bought in expecting/speculating on federal legalisation and not wanting to miss the uptrend that will come with it. Because of that, however, valuations are so elevated for the most part that really the only case you can make for getting in is the very same - speculation on federal legalisation happening very soon. Personally, I think chances of seeing legalisation after 2025 are higher than seeing it before the end of 2023.

kr595

That's a fair take, have you seen the MJ ETF? Again I've been watching that inch down over the last year\~, it isn't solely directly Marijuana companies though, it has verious holdings such as Scotts Miracle Grow, and I believe tobacco related elements https://etfmg.com/funds/mj/

Dear-Smile


ErnieAdamsistheKey

Well MJ named his kid Blanket.

fish2279

MJ sector going up while everything else is going down. Suspect!

SaulidSnake

Bulls really aint shit without MJ smh

DRMRCX

>Companies without revenue aren't nearly as well positioned as a company with 2 bil. in revenue. Yeah no shit - try getting something to the bottom line from nothing. Still, it doesn't matter if you have 2 or 3b in revenue if you're unable to capitalise it. And most of these companies are unable to capitalise on it and likely will be for the foreseeable future. >The weed companies are just staircasing down too. (...) As their value, revenue, profit, market share, etc. etc. are increasing...it is definitely strange. Again, no, it is not, not necessarily. Most of these companies still aren't at what one would generally consider fair value, not even those that are already profitable. And without federal legalization there will always be doubt about how well they'll actually be able to grow. Sooner or later federal legalization will come imo, but I absolutely wouldn't bet on it being the case in the next 3 years. When legalization comes it will obviously move the market. There will be more certainty about the prospect and it's likely big players like PM will make bigger moves in order to establish themselves in the MJ space. But until then, uncertainty will reign. Many companies had a high chance for federal legalization in the short-term priced in when they were flying, which is another reason for them coming down now. ​ >\#3 I can read but I disagree. I think they are very ridiculously UNDERVALUED for what it is. Gold sells for about 22 or 23k per pound these days, yes? Weed about 2k per pound (please don't nit-pick the price, I get that dirty Joe down the street will sell you a pound for 500, but I don't care about that trash). It's extremely valuable for a plant, no? I mean, what other plant sells for about a tenth of the price of gold?? Ginseng? Maybe...truffles if you count fungi, idk No way I can agree with that pseudo-logic. I'd be interested in discussing, but only if there's proper reasoning rather than these pseudo-arguments that are really just a stand-in to create some confirmation bias. Surely you can do better than this. ​ >And you bring up cash, cash is 100% of the sales. You can't even buy it right now with a credit card. How much will that increase the sales? And tack on New York and the east coast will fall soon. I assume you are only looking at Canada stocks? You guys are talking about Canadian companies? I'm talking UNITED STATES cannabis, not Canada. You what? Are you having a stroke right now?

DRMRCX

I think the one who didn't do their homework is you. 1.) Revenue means nothing if you can't bring anything to the bottom line. 2.) One sector or company being massively overvalued, one that's a speculative play at that, does not mean that your speculative company is undervalued. That's not how it works. 3.) I'll try to explain once more: MJ stocks were RIDICULOUSLY overvalued. Valuations have come down, licenses have risen. MJ stocks are now LESS RIDICULOUSLY overvalued, but they're still very overvalued for what is, in many cases, a cash burning speculation play. ​ I'll give you an example. Let's assume a profitable company is trading at $10.000 per share and has an EPS of 1. On a P/E basis, that company would be trading at a 10.000 P/E, which is, of course, ridiculous. Now let's say the hype dies down a bit, some speculators get blown out. Anyways, the price per share drops to $4.800 per year. The company has managed to grow amazingly well, they now record an EPS of $2.4. So that's a P/E of 2.000 now. Is that cheap? Absolutely fucking not. Despite the company doing very well to grow their bottom line and despite that huge pullback the valuation is still beyond any sanity (for the simplicity of this future expectations/estimates are ignored)

BarebowRob

Jesus and (MJ) be like, 'I just want to watch the show.'

EcstaticMango65

Why did this get thumbed up? You guys are not doing your homework. Take a company and let's see the numbers: Cresco is 2 billion revenue per year company. And it trades at less than 3 dollars per share. A company like Rivian is losing billions off a couple hundred million in revenue. There are countless examples of this. rivian has a 26 billion market cap and Cresco only 800 million. The pricing of these MJ stocks is wrong. It's flat out wrong..

KAI5ER

I should have concluded with. ***Still 100% more has been done in the MJ space with the democrats.*** IM still salty about the speed this has unfolded though.

DRMRCX

Many MJ stocks were ridiculously overvalued and still aren't good value. Some companies are doing okay and growing, their price is coming down, so the gap between what their current valuation is and what a fair valuation is is getting smaller, but no, there's no "it doesn't add up" in here.

MicIrish

Do you think I am some MAGA hat wearing american? I'm not. I am socially liberal Canadian that is watching the demoratic party do everything possible to lose every shred of support. Biden is running his office in the exact opposite of how he campaigned. Right now GOP is laughing at the Democrats failure to deliver. BLAH BLAH BLAH Manchin BLAH BLAH BLAH Sinema. On this issue Biden didn't need any of them. Here is how it's going to play out. MJ friendly GOP will not give democrats a win now. It's too close to mid-terms and they are winning enough on a no-policy platform....all they have to do is prevent ANY democrat success and they waltz into a 20 seat advantage in the house and probably gain 4 seats in the senate. Biden isn't the president the democrats needed and it will cost the US their democracy. In the meantime dems have killed an entire sector and a 160k of my personal wealth.

EcstaticMango65

"The number of people with medical cannabis licenses in the U.S. rose to 2.97 million in 2020 from 678,408 in 2016, according to a study of state data published this week in the Annals of Internal Medicine. The most common qualifying condition reported by patients in 2020 was chronic pain (60.6%), with posttraumatic stress disorder (10.6%) a distant second. ....The AdvisorShares Pure US Cannabis ETF (MSOS) rose 0.3% on Friday, but is down 53.7% so far this year." ​ Something doesn't add up does it? lol The cannabis industry is crushing it right now and all of the MJ stocks are tanking, consistently like a staircase downward. But I am still accumulating shares... One day man, one sweet day

KAI5ER

I would argue The Republican stance on MJ reform has been unwavering. (against) The issue I have with the Democrats is that they cant seem to achieve anything in the MJ space. Yet promised so much. *Schumer's Marijuana Legalization Bill, Bidens decriminalization and descheduling talk during his campaign.*

123_holden

I know CRONOS well - scam of a company it used to be a bunch of dudes who shared an appt together and started the company - they used to do podcast during the MJ boom. For years, they generated very little revenue even after being saved by the cigarette company. The Cronos CEO used that money and essentially became a loan shark to the MJ business. To date, they have yet to do anything of significance - just look at ERs and compare them to real MJ companies like Trulieve and Green Thumb or Cdn company like Aphria/Tilray

ChloeZoe92

Does anyone still have faith in the MJ ETF?

esidaraplas

So I had bought some MJ etf and Blackberry stock with stockpile gift cards due to Verizon promo or something. I have never linked an account to them with my payment info. Both stocks are obviously way down. Can they charge me from my account balance? Can I move my stocks to a different platform? I don't even understand what they are charging for this makes no sense.

jedledbetter

Legal MJ hurts Big Pharma so old politicians ain't gonna let their sugar daddies get hurt

123_holden

I haven't been paying attention to my MJ investments But what's going on with GTII? It's making new 52 week lows while TRUL seems to be holding up better

PantyDropper41

Lebron is the second greatest of all time behind MJ. Curry is top 10

Tao-Lee

Same amount of rings now, but yeah LeBron is better. MJ GOAT.

dvdmovie1

Long MJ (actual, not the ETF.)

Pezzonovante__

Are those the MJ eyes or am I high on crack again?

Kingcanni

I bought a tiny bong for my MJ pen. It makes the hits super smooth so I get toasted pretty fast.

ZiGgyOwl

Can’t wait til the day weed is legal and we have MJ futures

Ambitious-Parking-28

I'm down 19k on $MJ and $MSOS. I HOPE YOU'RE RIGHT.

No-Philosophy4438

Please let Germany news start the MJ reversal. Opened a position in TLRY and ACB. Will probably regret it as with most other times I loaded pot stocks, but holding long term at these levels

Ok-Nefariousness-715

I started buying MJ and NOK because of WSB. I’m such a loser!

hopskipjump2the

MJ also isn’t a whiny little bitch so he wins by default

meangenehackman

Still not better than MJ.

ohhfasho

I fully expected MJ or the Skyrim opening at the end lol

KalElified

I don’t even know what types of insects attack MJ plants, are they specific to the plant? Or just common pests?

Jrecondite

I heard the car injects the driver with alcohol, MJ, and crack on impact so they aren’t liable.

KAI5ER

I wouldn't say 99%, But he personally does seem to be **VERY** anti MJ. What's worse is the republicans are even greater opponents to MJ reform.

Hairy_Muff305

Am finally giving up on the MJ stocks. Selling at a loss and getting out. Even if it gets legalised it will be taxed into oblivion and people will just grow their own.

Beautiful-Chance628

It will happen, even if it's a longer time from. Greed is greater than doing the right thing in our government. They are very quickly being left with no choice but to legalize soon. The pressure is mounting from so many places every day. MJ Legalization will happen in the US, the time line is what's up for debate

USMNT_superfan

The sector as a whole isn’t running. So pay attention to the MJ ETF, and the other large cann. Stocks. They run together or not at all.

CiegoViendo

ETF Ticker: MJ

jpop237

I'm down, big time, on MJ and CRLBF. I hope you're right.

TukkaTheBeggar

>Dems are useless, even if they win they will never make weed legal. Mostly just Sooner and Spartacus (Booker). Playing and song and dance for MJ proponents for midterm elections, they couldn,t care less about MJ.

BlackSilkEy

I've locked myself into my trades for the month, I'm currently shorting both $MSOS & $MJ on Robinhood while simultaneously buying shares in the aforementioned ETFs. I'm also curious about a couple tickets, those being $NBEV and $MAPS. NBEV has a solid balance sheet, boasting a 19% debt to capital ratio, they also seem to be having cash flow problems, but that's the entire sector. I also noticed a rather large insider 'Buy' order that was placed late last year showing confidence in the company. Contrast $MAPs with seemingly positive Cash flow & EPS, a large amount of debt which I'm told isn't unusual for a tech company...but what has me worried is the large amount of insider selling taking place while the share price is getting hammered. I plan on selling CSPs on the above to establish a position, but before I do is there any notable news that I'm missing?

hammilithome

I hope not, but it makes sense. Sharing support is against GOP rule #1 "own the libs". So if they can't take full credit, they're opposed. They already do this on a number of topics: - debt management - infrastructure - gas prices/inflation Today, there's no moral high road against MJ legalization because of what we know about alcohol and the opioid epidemic in the US. MJ guarantees an economic boon. Reduces alc related arrests, reduces healthcare related bs (fewer prescriptions that lead to opioid abuse, fentanyl). Creates jobs and new tax revenue. The only reason you're against MJ today is: 1. Waiting on a better payout to replace what you'll lose from big pharma and alc lobbies 2. Waiting to take credit for an election cycle

vCharged

Bear season starts again mid-June. For now, it’s 96/97 MJ bulls

DapperStatistician59

GenX here. MJ all the way. I love my liver.

chrisdotten

Just bought 100 shares of cgc when it hit a 52 week low Friday. I'm so retarded on weed I have my own etf. I hold shares in tlry,cgc,crons,cbwtf,mwff,ffrmf. Should of just bought MJ 🙄

PhrasingBoome

Why did you post this in r/weedstocks? That sub is specifically for idiots who invested in MJ without understanding the current market or people who want news updates specific to MJ.

c-dawg86

Yup me too... buying into the MJ sector was my first time entering the stock market. It was a big mistake and has truly cost me. I thought companies selling drugs would make a ton of money. I was around stoners all the time I saw how much they smoke. BUt ya, I fucked up big time. I have learned alot since then and willl never make the same mistake

hypeaze

Only MJ had a better fade away than the market today.

swiss_courvoisier

MJ dead son.

JAntaresN

She said MJ is the one, are you sure you’re not a cuck?

PhrasingBoome

The only reason I invested in MJ is because they did a whole few seasons on it. That is the ONLY reason. I didn't even see which company I invested in. I just entered the number hit submit aaaaaannnnndddddd it was gone!

Russticale

Congrats! Here are some quick notes for you. Also, don't mind the downvotes, any name mentioned on this thread that isn't an LP or 1st tier MSO gets blasted. Already had a positive FY2019 20210309 - Big Mexico play. \~20210301 - Mexico senate passes bill to allow recreational MJ. 20210728 - Loading up on MJNA becuase the mexico legalization finacial impact is yet to be seen. I think this will be very bullish. 20210806 - CEO claims they aim for a massive Asia expansion. Big Expansion goals globally 20220329 Letter - in 2021 now manufacture nearly 100% of our goods in-house. In addition, we now have offices in the U.S., Mexico, Brazil, Europe, Japan, & South Africa. 20220204 - 27M profit @ 78% margin. 34m revenue Generated $7.8 million in net revenue in the first quarter of 2022, a 24% increase QoQ. Gross Margin 73%. Cash at 03/30/22 was 5M

Fine-Will

MJ

retardedpermaban

spy be playin like MJ

BlackSilkEy

Thinking about doing an income strategy for Cannabis similar to the -YLD ETFs. What would be the best way to go about this? Should I just Collar $MSOS & $MJ directly?

shadowdash66

Only people i know from there are Freddie Gibbs and MJ 🤣🤣🤣

iure_quo

I live in Palm Beach County (RPB), was an Obama Democrat, switched to Libertarian to vote for Gary Johnson to legalize MJ now am registered to vote with no party affiliation. College degree +. Bought a used 2020 Model S, 6K miles, w/Ludicrous mode and FSD Beta, so that will clue you to my income level. Married, no children, 50+ years old. Owned a 2015 BMW M3 bought new and shipped from Germany. That car needed over $15K of work (at 65K miles) to replace engine and transmission seals. The carbon fiber dash cover was melting up off the dash and coming loose in other areas too. The driver's side arm rest on the door had gone all gooey in back so you had to grab it carefully to close the door so you wouldn't get some sticky black crap on your fingers. Oh, and the iDrive Display was delaminating on the inside. Other than that, great car. I traded it for my Tesla which I purchased for the following reasons: 1) Takes off like a raped ape (I am proud to own a frickin' SUPERCAR!) and the technology that went into the car is amazing, 2) My wife liked the body style, paint color and wheel/tire size, 3) Didn't care about a test drive because we heard great things about Tesla's from acquaintances who owned different models that they bought years ago (early adopters), 4) Zero emissions, 5) I'm a bit of an Assburger myself and like Elon, 6) No gasoline, just plug it in, 7) SAVE THE PLANET! We do still have an ICE vehicle because we think it would be impractical to try to drive a Tesla up to Philadelphia and the Poconos (especially through S. Carolina and that stretch of VA between Emporia and the Chesapeake Bay Bridge Tunnel).

TukkaTheBeggar

Senate is 50/50 now and one or two seats either way will determine the use of filibuster and thus cloture; it's a big deal. Sentiment had swung to republicans with the current economy, but is swinging back again with the reemergence of the Roe v Wade issue. There will be close senate races this year imo, and 5 or 6 thousand votes could make all the difference, especially in the less populated states. Is MJ a burning issue with the country? No, but it might be just enough of an issue to make a difference in the expected outcome of a couple races.

Bender____Rodriguez

Best thing to happen to Gary, IN: Birthplace of MJ Second best thing: Trashcan Man blew up half of it in The Stand.

TukkaTheBeggar

Incremental steps would be easier to sell to the naysayers in congress starting with SAFE, then uplist. Regulate MJ the same as alcohol, leave it up to the individual states to allow or not or to pass regs as each state is comfortable with; again, easier to sell to congress. As to pardons, Biden needs to keep his promise and get'r done.

grandmasterfuzzface

Target, Macys, Levis, Dell, and a few cannabis etf's MJ, MSOS, POTX.

dtc1234567

Doesn’t matter how rich or poor you are, too much drugs is too much drugs. Don’t get me wrong, I loves me a party and I’m no puritan, but our modern western culture is littered with examples of top-of-their-game over achievers who counterbalanced their crazy work schedules and creative output with intense drug use. If they (and those around them) let themselves slip over that invisible line to addiction or dependency then shit can start to go downhill real fast. Maybe he’ll get all fat and angry and his heart will go pop in the bathroom like Elvis or Jim Morrison, or maybe it’ll be an emaciated reclusive wasting away like Whitney Houston, or perhaps an “I don’t want this existence any more” shotgun to the head like Kurt Cobain, Hunter S Thompson, Anthony Bourdain, etc. Or the work schedule/painkiller balance goes wrong like Prince or MJ? Or just a sudden unexpected blowout at the top of their game like Janis Joplin, Jim Morrison and the rest of the 27 Club. Knowing Elon he’ll probably shoot himself into the sky in an exploding rocket or crash himself into the surface of Mars so we name a crater after him. Anyway, my point is, keep a close eye out for that subtle switch where the drugs start abusing them more than they’re abusing the drugs. Doesn’t matter how rich or poor you are, when your hooked your hooked.

Puzzled_Bath_984

>level 1doodooballs96 · 1 hr. agoFuck MJ! Ga I felt bad for MJ until you reminded me of this.

doodooballs96

Fuck MJ! Gamers still mad he wouldn't be on NBA Jam 🖕

TukkaTheBeggar

McConnell is flat out against MJ, but loves his Old Crow whiskey. Rec use of MJ is banned by Jewish law; Schumer is Jewish, yes ? Anyway, need to get rid of both these quacks.

trebuchetty1

>In order for 280e to no longer apply, MJ will have to be federally legal. To be clear, there's more nuance available on this. 280e will no longer apply once cannabis is removed from being a Schedule 1 drug. I think it needs to be no more than a schedule 3 drug for 280e to no longer apply (please correct this if I'm wrong here). This could be through "legalization", but also through de-scheduling or re-scheduling cannabis appropriately. I suppose technically de-scheduling or re-scheduling down to a Schedule 3 drug could be considered the "process" to which cannabis becomes federally legal. But I wanted to make the distinction that the current legislation proposing to legalize cannabis are the means to effectively trigger the de/re-scheduling. It is believed that the Executive branch has the capability of requesting cannabis to be re-evaluated and de/re-scheduled, but I'm not sure if that's just a theory or if it's practically possible and has been done before.

TukkaTheBeggar

In order for 280e to no longer apply, MJ will have to be federally legal. That won't happen with just SAFE passage. Uplisting will be up to the U.S. exchanges and amending their policies; yes, uplisting is possible.

kwokinator

With how much MJ famously loves to gamble, he probably just chalks it up to a bet gone bad and not just a bad investment on his part.

Jamsster

So what I’m hearing is that MJ just got taken down by a bunch folk online, and the medium with which it happened was through a store that sells games that include a lot of MJ’s likenesses. Sounds to me like an economic circle of life.

Somebodys

Like MJ honestly even noticed he casually lost hundreds of millions.

SirUptonPucklechurch

And MJ took that personally

DerkNukem

lolll, obligatory fuck MJ. he was damn good at bball but terrible at investing, GG tho.

vote4gordo

Forbes stated the $500MM loss. And I saw a picture of MJ and Plotkin sitting together. That's a pretty high level of confidence for Reddit

Gills_L

Doesn’t MJ got some of this fund?

Teacher-Investor

IDK, I bought MJ on hopes of a bi-partisan vote for federal legalization... still waiting.

chmod-007-bond

[Speaking of inflation](https://www.amazon.com/Silicone-Expand-Inflatable-Anal-Plug/dp/B07MJ6HW3C)

Sir-Rupert-Everton

You chose a MJ video to call out pltr and wishtards? Dude… MJ is the retard who lost $500m on Melvin Capital.. and now I’m thinking OP is the real retard here

phinphan896

Luka is gonna be the next lebron/MJ type guy we talk about as potentially being the goat when its all said and done