From what I understand it is more profitable (usually) to apply for a License early, and resell the license later for $1million+.
It is hard to make a profit as a dispensary with taxes, rent, employees, etc. Unless you are a large company with your own Grow Op and retail stores, it's tough business.
Topic: Best publicly traded marijuana stock to own for the next ten years (Read 305 times)
December 09, 2016, 09:20:26 PM
December 08, 2016, 10:03:45 PM
Although I would never use the stuff myself, the train has left the station and there's money to be made in this business. Ten years from now every state in the country will probably legalize recreational marijuana use. With this in mind, I would to know what everyone thinks in regards to the best marijuana stock to invest in and why?
After looking at the industry for a while now I would say putting money into a dispensary or grow op might be tons of money down the road, but it is still very risky as they carry all the risk in the industry. The best companies to invest in are the industry's that cater to the grower. Mainly greenhouse companies that help with setting up the land with irrigation, fertilizer, etc.
December 08, 2016, 08:12:21 PM
Although I would never use the stuff myself, the train has left the station and there's money to be made in this business. Ten years from now every state in the country will probably legalize recreational marijuana use. With this in mind, I would to know what everyone thinks in regards to the best marijuana stock to invest in and why?
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