Quote from: hatshepsut93 on September 19, 2018, 09:33:26 PM

I'd say pot industry has better fundamentals than cryptocurrencies, millions of people were smoking weed illegally, now even more will join, especially as more states and governments legalize it. Maybe at some point weed will even flip alcohol as most common drug. Kinda hard to compare weeds adoption with cryptocurrency adoption when most of the coins have almost no users, and even popular coins mostly used only as speculative investment.

100% right, crypto has no fundamentals and no inherent value. The value is completely arbitrary. These pot companies at least have inherent value and produce a product the market wants, even if their valuations are out of whack.

Quote from: Hydrogen on September 20, 2018, 11:49:37 AM

I'm interested in their long term profit potential.

They're essentially taking over the weed business from drug cartels and organized crime in regions where legalization occurs. Its been estimated the US black market for weed is worth in excess of $50 billion. That could represent an upper tier for earnings growth over the next few decades if it gradually becomes more regulated.

There is also the potential for legal weed to takeover some of the markets enjoyed by big pharma. Things like aspirin and pharmaceutical remedies for many varying medical conditions would eventually be taken over by legalized marijuana.

The industry definitely has potential to sustain high growth.

I think you're going to see three main industries interested in this space, and that's part of what is fueling the current high valuations: alcohol companies (you're already seeing this, with Constellation investing heavily in Canopy and Diageo said to be actively shopping for an acquisition), pharmaceutical companies because this fits with what they already do, and tobacco companies as cigarette use continues to fall. Even Coca-Cola has said they are "closely monitoring" this space.

Quote from: 1Referee on September 21, 2018, 11:59:54 AM

Average joes are fomo'ing hard on these so called pot stocks, just look at the search results of Tilray;

https://trends.google.com/trends/explore?geo=US&q=tilray

If people still believe that operating on a regulated platform helps reducing volatility, they are absolutely wrong.

You say the same thing with Bitcoin. The search trends track the price trends and reinforce the mania as it all fuels itself. Classic bubble. However, I don't think anyone thinks the purpose of a regulated platform is to reduce volatility. Or at least, if you do you shouldn't. But on a regulated platform you can be certain the volumes and pricing are legitimate, which is not at all the case for crypto markets, especially those based in China.

Quote from: davis196 on September 21, 2018, 12:38:30 PM

I still wonder why there is a widely spread expectation that marijuana will be legalized in all US states.
This is 100% hype and nothing more.Even if marijuana gets legalized in the US,hundreds of new companies will enter this market and cut the market shares of Tilray and Canopy.
Those overpriced stocks are more shitty than all the shitty altcoins or ICO tokens. Grin

These earlier leaders will have the advantage of scale, liquidity and operational history by the time any US company gets established. Don't expect some newcomer to be able to catch them when they're starting so far behind. The companies in the US all have to operate in semi-darkness right now for risk of violating federal law, so there's no ability to actively grow or achieve any kind of scale. And most of these companies beat the pants off of every single altcoin and definitely every single ICO. I'd take Canopy stock over Bitcoin every time.