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RE: A Marijuana Stock I'm Watching
Having deep pockets going in, the key to surviving the highs and lows. Prices will rebound to where the farmer gets $400 - $450 per pound (after taxes) and boutique production will follow the Napa eco-tourism model. Inevitably there will be a market for the refined blended commercial extracts, but from the street down here, it just seems like MJ corporate stocks follow the greater fool theory before principles of sound money.
Watch the price of real estate in Garberville CA. When that hits a relative low, then I think that is a good time to check out the industry. Although, if Mike Pence has some grand awakening and embraces the medical potential, then being invested one day prior would likely be a major windfall. :)