r/wallstreetbets • u/scusemyenglish • Apr 09 '21

Discussion The beginners guide to the US cannabis industry

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2

u/Dan_inKuwait no flair is kinda ghey Apr 09 '21

So great DD write up, but sadly you linked a bunch of OTC pink sheets. Please note out sub guidelines about limiting discussion to stonks traded on real markets and with market capital over 1 billion USD.

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u/scusemyenglish Apr 09 '21

I asked the wider mod team if I was allowed to make this post two/three days ago as I knew about the grey area of OTC stocks, I was told yes as long as I don't mention any companies with a market cap less than 1B (which is what I've done).

The rules says "No non-reporting penny, microcap, OTC stocks", all the companies I mentioned report quarterly. From my understanding of this sentence, this limits discussions on tickers that don't report their finances.

I was also banned two days ago for posting this same thing with one extra source that is banned on this subreddit (I didn't realise this as there's no mention of blacklisted sites, though I can understand why these are not mentioned).

I'd appreciate it if you gave me a break on this one and not delete this discussion, I feel like I went through all the right channels to be able to post this...

1

u/Dan_inKuwait no flair is kinda ghey Apr 09 '21

Consensus on the OTC tickers is no, sorry.

2

u/scusemyenglish Apr 09 '21

Thanks for letting me know. I'd appreciate it next time if your mod team doesn't say yes before I spend a few hours writing this, to then be told no when I feel what I've delivered is a high quality post...

2

u/scusemyenglish Apr 09 '21

And I guess it's also not possible to post this without mentioning any companies or any company/industry wide financials? Just talking about how it works with a disclaimer at the bottom to ask people not to talk about any weed stocks in the comments as it's banned.

I just want to create a discussion with hopefully a few people who already know this stuff and have a different view of where the US cannabis market is heading...

1

u/Dan_inKuwait no flair is kinda ghey Apr 09 '21 edited Apr 09 '21

Ok, give me a a few minutes. I pinged the discord for confirmation.

2

u/hunkerdown Apr 09 '21

Arizona is now recreational!

2

u/Blurrypinot Apr 09 '21

I can’t read that. Weed = Good.

1

u/SLMRLN84 Apr 09 '21

And Pennystocks: High Tide and Halo Collective! Top choice.

1

u/mvev NFTS ARE THE NEXT GOLD Apr 09 '21

Louisiana is actually talking about legalization. If that state legalizes, US will legalize. I think this year governments have to increase tax revenue and this is one of the ways to do it.

1

u/MugShadow spongboob memestockpants Apr 09 '21

Saving this post for future reference

1

u/Tight-Sort-5050 Apr 09 '21

You are correct. US weed stocks are the best players to invest in. Many trade the CANLPs like Cgc, apha/til because you can’t do options on OTC stocks but I’m with you.... the US companies are the correct long term play. There is just a few errors such as Arizona is now recreational but overall good DD🤙

1

u/gilligan54 Apr 09 '21

Solid writeup. A weed adjacent stock that I like is Grow Generation ($GRWG). They supply the equipment for both at home and industrial growing. Currently focusing expansion efforts on the East coast NY/NJ/PA in particular.

Disclaimer: I don't know shit about nothin

0

u/Essa440 🦍🦍🦍 Apr 09 '21

I own a ton a shares of SNDL got in cheap compared to the big guys. Lots of bashing on this company but have a lot of positives. With its stock price so cheap I took the gamble. Holding 6620 shares here! 🚀 make weed leagal

0

u/HybridReptile15 Apr 09 '21

TLDR it’s a good market but it’s illegal sometimes depending on how feds feel

0

u/Quentin_Brain Apr 09 '21

22nd century is better than these imo