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Personal Finance and Investing

bif

(23,971 posts) Fri Jun 4, 2021, 11:37 AM Jun 2021

Any recs on marijuana stocks?

My broker recommended The Valens Company. It's a Canadian lab--not a pot growing company. Thoughts?

3 replies

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Any recs on marijuana stocks? (Original Post) bif Jun 2021 OP

Valens is an OTC stock Best_man23 Jun 2021 #1

Marijuana is going to be volatile TlalocW Jun 2021 #2

If they haven't yet, I suspect PM and MO will get into marijuana. Gore1FL Sep 2021 #3

Best_man23

(5,122 posts)

1. Valens is an OTC stock

Reply to bif (Original post)

Fri Jun 4, 2021, 11:44 AM

Jun 2021

OTC=Over the Counter, meaning its not traded on the major exchanges. This investment would be highly speculate.

If you're looking for a cannabis investment, better plays would be Canopy Growth (has financial backing from Constellation Brands) or Tillray. A more diverse investment would be one of the cannabis exchange traded funds such as MJ or POTX.

Do research and make a decision based on your own risk tolerance.

TlalocW

(15,624 posts)

2. Marijuana is going to be volatile

Reply to bif (Original post)

Fri Jun 4, 2021, 12:03 PM

Jun 2021

I invest in corporate cannabis ETFs through an app, and I've been as high as 200% return, but right now I'm down 20%. It's a long haul investment.

TlalocW

Gore1FL

(21,883 posts)

3. If they haven't yet, I suspect PM and MO will get into marijuana.

Reply to bif (Original post)

Thu Sep 30, 2021, 04:43 PM

Sep 2021

They are reliable as dividend producers.

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