Discover and read the best of Twitter Threads about #Cannabis
Most recents (7)
I am fascinated by the #cannabis industry. It offers massive growth potential and represents a standard against prehistoric regulations. However, prices of public companies make no sense. Latecomers will get butchered. Valuations are not justifiable.
Revenue numbers of these multi billion dollar cannabis companies make me think of the number of ethereum daily users.
I attempted to short $TLRY today. Close to the top, after $300. My first attempt to short cannabis. Trades would not go through due to unavailability of shares to borrow for short-selling. Tried various brokerage accounts and all. Price was at $170 a few minutes later.
Friends this week calling me out of nowhere to ask about how to invest in #cannabis stocks. The same happened with #crypto in Dec/17- Jan/18.
To be fair, calls last year started rolling in waves in early December ... $XRP was still trading in the cents back then.
In January $XRP was briefly worth more than JP Morgan chase $JPMC, the largest bank in the world. $TLRY is now 1/6 the size of Altria (Philip Morris). It can continue going up for a while with all the media attention and retail investors diving in FOMO.
Seriously sounds like Ripple back in December. #cannabis
XRP is not Ripple, I know.
Seems that for Cannabis investors receiving a permit to export Canadian weed to Germany = taking over the whole German weed market. Also, don't forget, a competitor talked to Coca Cola.
THREAD: The #cannabis market
Been managing 💰30 years. $MS, the buy side, etc. etc. Seen lots of volatility; the Asian contagion / Russian ruble, Y2K, financial crisis. Big two-sided swings lots of wealth and plenty of false hope. Which brings me to the cannabis market...
Been managing 💰30 years. $MS, the buy side, etc. etc. Seen lots of volatility; the Asian contagion / Russian ruble, Y2K, financial crisis. Big two-sided swings lots of wealth and plenty of false hope. Which brings me to the cannabis market...
#Cannabis stocks up 50%-80% in the last 10 days.
Key event: Constellation Brands, maker of Corona (the beer!), increased its stake in Canadian cannabis company Canopy Growth $CGC by $4 billion.
Weed in a bottle anyone?
money.cnn.com/2018/08/21/new…
Key event: Constellation Brands, maker of Corona (the beer!), increased its stake in Canadian cannabis company Canopy Growth $CGC by $4 billion.
Weed in a bottle anyone?
money.cnn.com/2018/08/21/new…
A ballpark estimate for the market cap of all 350 public cannabis companies is USD 60 billion. Crypto's current market cap is USD 210 billion. Apples and Oranges I know.
Calculated aggregated market cap using month old numbers. Should be about 30% higher given the ongoing pump.
A major difference bt conservatives & the rest of us is that conservatives, for some reason, prioritize hypothetical violence above actual violence.
E.g. A woman MIGHT be assaulted in a bathroom > forcing #trans ppl to use the wrong bathroom actually IS dangerous for trans ppl
E.g. A woman MIGHT be assaulted in a bathroom > forcing #trans ppl to use the wrong bathroom actually IS dangerous for trans ppl
Militarized police are justified and necessary, because cops MIGHT get hurt during an occasionally dangerous job they agreed & are paid to do > people of color actually, currently being killed by cops
A not-yet-baby MIGHT experience SOME primal form of pain for a moment > Rates of death during childbirth are higher when women don't have access to legal abortion
@ShawnMcGuirk @CFAMMcan @mcgillu @santecannabis @trinafraser #ACMPR highlights #WeedLikeToKnow :
- limit of <30-day supply or 150g
- LP delivery by mail only, no retail point of sale
- medical doc lasts 1 year
- storage limit (to be removed soon with #CannabisAct )
- Soon, might be able to transfer from one licensed producer to another
- limit of <30-day supply or 150g
- LP delivery by mail only, no retail point of sale
- medical doc lasts 1 year
- storage limit (to be removed soon with #CannabisAct )
- Soon, might be able to transfer from one licensed producer to another
@ShawnMcGuirk @CFAMMcan @mcgillu @santecannabis @trinafraser #CannabisAct Bill #C45 removes #cannabis from #cdsa, separate act will be created for regulation of cannabis
- Can grow up to 4 plants (debated) in dwelling
- legal limit up to 30g in public
- anticipate royal ascent by end of June, coming into force Sept/Oct 2018
#WeedLikeToKnow
- Can grow up to 4 plants (debated) in dwelling
- legal limit up to 30g in public
- anticipate royal ascent by end of June, coming into force Sept/Oct 2018
#WeedLikeToKnow
@ShawnMcGuirk @CFAMMcan @mcgillu @santecannabis @trinafraser There is still reluctance in prescribing #MedicalCannabis, and there is lack of point of sale (still will have to be by mail), excise tax and HST/GST upcoming, lack of drug plan coverage.
#WeedLikeToKnow #SPEforum
#WeedLikeToKnow #SPEforum
