You didn't listen. It's not too late though: This is just the first little blip. Well I suppose the first blip was a few months ago, but this is happening. Will rescheduling actually happen? Yes. The only question is when. Maybe it will pull back and you can accumulate more. Maybe. Maybe this is it. It's not too late: NLCP and IIPR still yield north of 12%. TCNNF and CRLBF are still reasonably priced. This is a SMALL move. This industry is going to 10x. The US Alcohol industry makes 260-300 billion per year, weed is only around 30 billion. You aren't too late... but you better not wait around.I tried to tell you. I tried 3 times. You laughed, you mocked, then you ignored.You're paying attention now, right anon?
I was listening anon, I didn’t buy though
>>61480966>>61480966It's not too late bro, it's not too late. I'd hold off on CRLBF and TCNNF, but NLCP and IIPR are solid pick-ups right now. They are both yielding well north of 13% even at current prices, and any dividend payment over 10.64% will match 7% market gains if you are in the highest income tax bracket (federal). These companies are still worth purchasing. NLCP in particular will make you a lot of money over the next few years.I want you to be wealthy anon. I know the pain of being a young man in this world. I want you to make it. I want you to have all the money you ever need.I also kinda want to gloat over the autists who talked shit. I'm not perfect.
>>61481036Based, I’ll look into NLCP and IIPR. What’s the timeline on the hemp crackdown? Or is that priced in already… Assuming they legalize it nationally, could be a double whammerooni
>>61481048The loophole closes in about 2 months, but it seems like there's a 1-year grace period. I don't know if that's true or not, but my guess is this will be a 12-18 months cycle with a 5 year horizon for serious gains, followed by 5 years of normal but substantial growth as the industry matures.
>>61480928Imma repost this shit immediately when it falls off the back page. In fact maybe we have a cannabis stocks general.
>>61482731Thank you for thorough reply.16% of people in US used weed at least once in the past month vs 50% alcohol vs 12% tobacco. Apparently more ppl are now into weed than tobacco which is little bit mind-blowing to a boomer like me.NLCP has string of insider sales, especially between August and October this year. What's your take on that? Suppose there's loosening of regulations surrounding cannabis, how would a company like NLCP survive if its tenants could choose to rent from much larger pool of rental companies? Could you please expand more on your current portfolio? Right now you are selling precious metals miners and buying cannabis stocks? Are you adding or getting rid of HOOD rn and why?
Dude… weed
weed sucks and its getting recriminalized too.Zoom zooms dont give a fuck about weed its going nowhere.
>>61484634Zoomers realized all the extremely successful people are snorting coke and popping pills and want to emulate that. Weed is for poors and retards.
>>61484214I do now currently own any precious metals miners. I am slowly accumulating HOOD as I think it's going to $1 trillion market cap over the next decade. I am not 100% sold on this hypothesis, my position size is less than 1% of my portfolio currently but I am DCAing in.I am still purchasing physical precious metals and have enough that I'm unwilling to say how much. I will say this: I posted my full stack on here about 2 years ago and people thought I was lying. I do not believe gold will ever drop below 3500 again, and if it just kept pumping to $10,000 I wouldn't be surprised. I own enough to reboot my life and live comfortably, if not in luxury.NLCP insider trading is definitely a concern, but it's also not something that is worth freaking out about. When analyzing a stock I look at a constellation of facts. Insider selling is a yellow/orange flag. Insider buying is a green flag. If I analyze 20 metrics and 18 are green but 2 are red I lean bullish.In terms of increased competition you're 100% correct; there will be. NLCP and IIPR especially have a HUGE first-mover advantage, and the management of NLCP includes some people from WPCarey, one of the most prolific, well-run REITs of all time. You're asking the same question about any and every REIT, and the answer is that there is value in a company which can provide turnkey real estate, or even simply facilitate real estate buildouts through experience. NLCP and IIPR have years of experience; any competitors would not... and none of that changes the fact that NLCP, as it currently stands, doesn't need to expand to produce outstanding returns for a millionaire-class investor. Deci and Centi millionaires may need to look elsewhere, but if you're like me and have 6 to low 7 figures to spend on a position NLCP is a great niche. The company is worth about half a billion, so someone like Buffett would never buy it because even if it went up 10x it wouldn't even pay his intern's onlyfans bill. 1/2
>>61484634The data suggests otherwise, and besides millennials take more drugs than any other generation and are the next in line to inherit US national wealth and power. Recriminalization would be political suicide. Support for legalization has been growing, not shrinking. I think you're just assmad that you missed this bull run. It really isn't too late though; you can get rich off these stocks. 40% ain't shit, TCNNF will be 25-30 in 5 years, and NLCP / IIPR will grow until their dividend is about 7%, which is where it sat during peak hype 3-5 years ago. That's a 2-3x increase on principal while you collect dividends.>>61485540To expand on my portfolio I currently on Pfizer, Novartis, KRP (excellent mineral/petrol royalty company with very high dividends), Rio Tinto, Striker, I still own some Nvidia, UMC, Regeneron (if their Myostatin inhibitors actually work they will be bigger than ozempic and they are currently in human clinical trials), Clorox, Colgate Palmolive, Johnson and Johnson, EPD, 3-4 different private equity funds, several different real estate projects on the east coast of the USA, and about 20% of my total wealth in actively managed funds at a major US financial firm. Cannabis is a significant sleeve, and when my total position hits the ~$1 million mark I'll probably trim it down to 500k and use the proceeds to build out whatever my next high-faith position is long term.Regeneron and HOOD are my current long-shots with reasonable faith. REGN honestly is a pretty good company regardless, as is HOOD, so I don't mind owning them, but I think both have tremendous potential upside.That's all investing is; risk management. Find good companies that are robust enough to survive, but have a chance at going parabolic. That's exactly what weed stocks just did.
>>61480928Anon, I really appreciate you in /smg/ and I listened. I wish I could give you something and you are a good soul
>>61485577I looked at some of the companies you mentioned:>CRLBF has recent insider sales, one DEI executive>NLCP as I mentioned previously recent insider sales, and has one DEI executive>IIPR has recent string of insider buys, no meaningful share dilution in recent years and team looks ok but they don't seem to have twitter and I haven't been able to find even one video presentation with CEO or some other representative of company talking which seems like a massive red flag to me>GLASF rather large recent insider sells, about 6% yearly dilution in the past two years and more before that seems like nope to me>TCNNF woman CEO and one third worlder in executive teamCould you please go into your selection criteria on which cannabis stocks to buy? I'm also interested in what do you consider red flags and which companies you rejected and why.
>dude week lmaoGo fuck yourself
>>61485602DEI is a systemic problem that affects every single industry. Insider sells and share dilution are the two biggest red flags in the cannabis industry, ESPECIALLY share dilution. CRLBF is bad, but aurora cannabis is way, way worse. TCNNF just issued $100m of corporate bonds at a 10.5% interest rate. Also full disclosure GLASF is by far my smallest position of any stock holding; I don't trust California to do anything right, but I see their survival in such a hostile market as a green flag.These are all valid concerns and headwinds. The thing is, if they get the 280 exemption then all of this essentially becomes irrelevant because they can start writing off their expenses.TCNNF has some of the shrewdest, most ruthless management in the industry. Their CEO is fantastic; she's a fucking monster, and management matters.There are a lot of other cannabis operators in the nation. It's entirely possible I've missed other opportunities, but I have chosen the best options from a constellation of shit. The thing is, that's ALWAYS how these kinds of new markets work; hype creates shitty companies and bad practices, a bear market cleans it up, and those that emerge bloody and battered end up as extreme winners.So basically I look for companies with good or potentially-good financials. When I see massive financial problems I look for in-depth explanations for those problems. Example: IIPR had/has 20% of tenants in default. Those aren't bankruptcies, those are cases where IIPR overbuilt facilities (too high quality) and the rent was too high to be serviced, especially with the hemp industry drag. They renegotiated these rents in the short term, and none of those tenants are bankrupt. Remove the drag and give them 280 and suddenly it all flips.
>>61485638Do you have any opinion on these themes?>NTR, MOS, MLP and other fertilizer companies>VAL, NE, SDRL and other deepwater rig companies>uraniumI have been considering these but seems none of them beat precious metals stocks right now.
>>61485668I've actually been looking at NTR. I've owned them in the past. They are a solid company and might be worth buying, I don't know right now. Fertilizer is inherently safe because people need to eat. ~3 billion people would starve within months if the global fertilizer system collapsed, and that number is only going to grow.Uranium... I fucking wanted to invest in it 5-10 years ago. I still think Nuclear is far and away the best energy source available. Ultra-deep geothermal due to Fracking tech is the only serious competitor. The problem is regulation; we have regulated ourselves into a position where nuclear is essentially impossible to use. We NEED to get regulations out of the way, but all the fucking knowledge base and skilled workers are like 60-80 now and we are behind China and other nations. Re-nuclearization would be the best thing the US could possibly do, and it might happen if the AI bubble continues long enough, but fuck me our government is retarded.I still might buy Uranium stocks as a speculation though. If nuclear does claim its rightful place as the premier grid energy source then Uranium will make billionaires.
>>61485698Have you thought about creating a discord or something? It gets harder and harder to spot actual meaningful shills and opinions on biz.. I'm wretched at building communities but I think some kind of place where anonymous people can just talk on topic without any kind of warped incentives or being overwhelmed by offtopic shitposting would be nice.
>>61486093I don't want to moderate it, but I'd join one.
>>61485638Your retardation is a systematic problem .if two organizations are competing and one worsens its conpetitiveness with dei the other one will ultimately be more profitable and take market share . The market will fix it but you retards like yo act like forcing businesses to not do things you dont like or understand is clever . Top kek
>>61486467Maybe you're right. This is an expanding market. Perhaps IIPR is the better buy; I own 100 grand of it, and I am not selling. To be honest I might expand my position; if my premise is correct then anything below $100/share is a really good price, and if they continue to cover I'll be making 14-15% on my principal as opposed to NLCP's 13.5. The sector is going to increase and there's no reason to believe that either company will lose tenants, especially when there will be sector-wide growth pressure. They are both excellent purchases right now with zero growth, and they are in an industry with immense growth potential. See, this is what you don't understand: if I'm wrong I want to know about it, and I don't disagree with your criticism of DEI, but that's only part of the picture. It's not like a bunch of white liberal Harvard grads and unqualified obese black women marched in and took over the company. DEI is a concern, but rock-solid financials and a massive dividend with zero leverage isn't something that just disappears overnight, especially with strong management. Now if there was substantial management turnover and the founders left that's another story, but that hasn't happened. If the company turns to shit I'll eat the 10% capital loss from the ATH and move on. Meanwhile I'll have have 100-200 grand in total returns from dividends alone by then, plus whatever capital gains I get as the market swells.
>>61480928I'd rather invest in the military.
>>61486441I just created it discord.gg slash xBAwWxShSR
