Post by Lone Alaskan Gypsy on Jan 20, 2016 12:35:54 GMT -9
There are so many penny stocks out there right now that are marijuana-focused. Although a lot of them have major spikes, none seem to have any significant or stable growth over a long period of time. Even so, is anyone investing in these stocks in the hopes that their businesses will take off someday?
I put about $40 into Terra Tech last year, as I really liked their business model (essentially a company who currently grows indoor produce and sells it locally in the Northeast- but wants to transition to indoor cannabis production as it becomes more widely legalized). They’re not having a ton of success right now, but they’ve become pretty efficient when it comes to growing produce inside to sell to a larger market and I feel like they’ll definitely be able to expand that as marijuana goes federally legal. *fingers crossed and holding out for this one.
I put about $40 into Terra Tech last year, as I really liked their business model (essentially a company who currently grows indoor produce and sells it locally in the Northeast- but wants to transition to indoor cannabis production as it becomes more widely legalized). They’re not having a ton of success right now, but they’ve become pretty efficient when it comes to growing produce inside to sell to a larger market and I feel like they’ll definitely be able to expand that as marijuana goes federally legal. *fingers crossed and holding out for this one.
