This summer i decided to take up a small position in a cannabis stock. This was my first venture in to the cannabis sector. The company i chose was Aurora Cannabis Inc. (ACB) i believe that cannabis is the new coke-a-cola and getting in to the cannabis market now will in the future return massive gains. there has been some set backs for the market with increased legislation in the USA but with more and more states legalizing cannabis for me it is just a matter of time before we see this sector really explode. just recently the price of this company came down to such a price i had to buy even more of this fabulous stock. i intend to take up positions in other companies in this sector spreading my risk as i do so. for me it is such an exciting time when i see companies in a sector that i plan to buy in to drop. in my view cannabis stocks are on sale at the moment with some even hitting there 52 week lows. at these prices there very hard to resist. buy low sell high is what trade and investing is all about. so when you see a bargain grab it. it might not be on sale again for a very long time.
Looking in to the future i see the united kingdom just Itching to legalize cannabis. CBD oil is already sold in the UK by high street retailers. As with most big decisions the government of the day hesitates because of the so called consequences of its actions. in my view prohibition dose not work. it never worked with alcohol and it will not work with cannabis. a more sensible approach would be to legalize and regulate the market. that way consumers get a consistently pure product of a sensible quality and the UK Exchequer gets taxes from an sales. i am quite surprised this has not happen up to now but i suspect it will in the not to distant future. Boris Johnson has a massive majority in the house of commons and can now do anything he pleases. legalizing cannabis should be one of his priorities as it will bring revenue in to the coffers of many government for years to come. i want to see UK producers listed on the AIM market in the UK but i think i am pushing my luck a bit for that to happen anytime soon but then again stranger things have happened. all in all i feel the cannabis market is worth the risk and buying low now could see you selling high in the future and maybe retiring. you never know. Until then Peace Man :)
Looking in to the future i see the united kingdom just Itching to legalize cannabis. CBD oil is already sold in the UK by high street retailers. As with most big decisions the government of the day hesitates because of the so called consequences of its actions. in my view prohibition dose not work. it never worked with alcohol and it will not work with cannabis. a more sensible approach would be to legalize and regulate the market. that way consumers get a consistently pure product of a sensible quality and the UK Exchequer gets taxes from an sales. i am quite surprised this has not happen up to now but i suspect it will in the not to distant future. Boris Johnson has a massive majority in the house of commons and can now do anything he pleases. legalizing cannabis should be one of his priorities as it will bring revenue in to the coffers of many government for years to come. i want to see UK producers listed on the AIM market in the UK but i think i am pushing my luck a bit for that to happen anytime soon but then again stranger things have happened. all in all i feel the cannabis market is worth the risk and buying low now could see you selling high in the future and maybe retiring. you never know. Until then Peace Man :)
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