Gravel
Mr. Poopybutthole
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Man, I almost bought some this morning. But I'm like, I already missed the massive gains by the time I woke up.
Apparently I was wrong.
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Investing General Discussion
- Thread starter Furious
- Start date
Apparently I was wrong.
Fogel
Mr. Poopybutthole
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I don't follow bio at all. I know a couple people here do though.Looks like it's currently at the initial offering if 7 right now. Just wondering if it's worth picking up a small batch. Just trying to find more information on them. Are there particular websites you useFogel or any of you experienced guys to get information efficiently?
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$MO has been ready for weed for 20years. Very familiar with the company.
first result on google:
Altria joins lobbying effort on marijuana legalization in Virginia • Virginia Mercury
Henrico-based tobacco giant Altria has registered to lobby on marijuana legalization in Virginia — a first for the company at the state or federal level, according to a cannabis industry trade publication. A disclosure filed with the state last month says the company retained Williams Mullen’s...www.virginiamercury.com
How Tobacco Giant Altria Is Becoming A Cannabis Company
Altria, one of the world's biggest tobacco companies, is using acquisitions, intellectual property, and lobbying to grow its foothold in the cannabis industry.www.forbes.com
I wonder if MO/PM is the alpha play for weed then.
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TheBeagle
JunkiesNetwork Donor
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I'm sure some will ya. But I think the entire tobacco business is much different than what the weed business will be. Maybe twenty years ago they would have been able to crush any and all competition but not now, IMO.
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Sanrith Descartes
Veteran of a thousand threadban wars
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You dont think there can be Philip Morris Smoke Shops set up?
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Sanrith Descartes
Veteran of a thousand threadban wars
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Hateyou
Not Great, Not Terrible
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I agree. They’re kind of like brewery’s vs the big boys. People want to go hang out at the small place, chat with the people there, try different flavors, be hipsters together.
I think the big companies will still have their place. My mom and her generation will go buy their Virginia THC Slims at Marathon while the 40 and under crowd hang out at dispensary’s.
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TheBeagle
JunkiesNetwork Donor
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Guys, I'm not saying they won't have a presence with weed. I'm saying they won't dominate the entire industry and crush everyone else.
No one under the age of 40 will ever go into a Marlboro Weed Shop when there is an all natural Earth Goddess Cannabis Boutique across the street.
No one under the age of 40 will ever go into a Marlboro Weed Shop when there is an all natural Earth Goddess Cannabis Boutique across the street.
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Arden
Blackwing Lair Raider
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I think there's truth to this actually. Weed is far more boutiquey than cigs. I'd compare weed more to beer than cigs in this regard. There's an appetite among weed smokers for small-batch, heritage stuff. Is there room for a mass producer like PM and a bunch of small, craft growers in the same market? Sure, just like there's room for both Anheuser-Busch and Russian River in the beer market.
Kiroy
Marine Biologist
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snaps fingers
all of those things that target children are now illegal, enjoy your pack of joints citizens
Big Phoenix
Pronouns: zie/zhem/zer
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Think its a matter of if the big established players run by boomers are smart enough to understand the demographic that will be consuming weed.
Ive never smoked weed and I know that weed people seem to be really into specific paraphernalia and strains etc. Its almost as much about the culture of weed as it is just getting high.
Yeah thats also a gigantic unknown. Dozen ways to consume weed in various strengths. What combo will become legal? What methods of sale will be legal? Good luck winning that lottery.
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Kiroy
Marine Biologist
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I don't think that's what will happen, but it could if the big boys wanted it. They'll buy up and crush their comp though, and open a bunch of boutiques with fun organic sounding names all over the country. 90% of the shoppers will have no idea it's owned by the big 5.
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Fogel
Mr. Poopybutthole
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The one this morning was it. Where it goes from here is anyones guess. Evtol are popular, but this thing could stay flat or shoot over 20. Buy now at your own risk. I already sold mine. Might buy back in if there's a big dip and the research comes up solid.
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Hateyou
Not Great, Not Terrible
- 16,304
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For a certain crowd that’s a thing. There’s also a much bigger crowd that doesn’t give a shit about any of that, they just want to smoke their cheap weed and drink their Budweiser and have bonfires, play video games, etc. I think the market for mass produced cheap weed will be bigger than the boutique market. There’s a lot more broke rednecks than there are well off hipsters. I think they’ll both thrive.
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Khane
Got something right about marriage
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I thought this might be the case but looks like WSB is hot on TLRY. And apparently there is a "short squeeze" on this company as well.
Tilray shares soar 39% as Reddit message board sets sights on cannabis sector
Shares of Canadian cannabis company Tilray Inc. soared 39% Wednesday to extend their prior-day gains, as the same investor group that caused the shares of...
www.marketwatch.com
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Correct me if I'm wrong, but there's not any rhyme or reason or analytics, fundamentals, whatever to show why this is happening right?