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Originally Posted by AMSOILGUY
Have you guys been following the weed stocks? They are risky but easiest 300% return I've ever made. Thanks Greg for opening my eyes!
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Good (lucky!) for you!
If I was going to invest in this "industry" - which it is - I'd pick a Weed ETF and let them do the homework.
I toured a grow op in Phoenix last time I was down (4 months ago) and the amount of A/C and lighting they had going was incredible.... and this was a 200,000 square foot indoor operation. Still, there's not enough of these big operations going to make a dent in lighting and HVAC.
There are infrastructure plays for the build outs -- HVAC -- Lighting etc but my view is that even if build outs tripled.... it probably wouldn't move the needle on the big publicly traded players. They would be moved up and down with home and commercial building and that's already going full tilt boogie.
AU DOC -- investing in penny stocks is the equivalent to craps in Las Vegas. If you'd have bought 10 good names when you first posted - you'd already be up 10% and have collected a couple dividends.