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Marijuana Stocks, legalities for Irish Investors?

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    #152
    RainInSummer
    Registered Users Posts: 1,202 ✭✭✭RainInSummer


    Was the area that gave me my first decent gains. Think Aphria was up 60% when I sold it.

    It also coincided with me abandoning my diversification approach and concentrating on one area.

    How come the industry has become beaten down? Surely people are still buying, marijuana was never a spectator sport, it suits lockdowns.



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    #153
    Treppen
    Registered Users Posts: 4,610 ✭✭✭Treppen


    https://www.boards.ie/discussion/comment/118261081#Comment_118261081

    Canada was built on hype. So when the dust selected people started to look and see if there was major profits to be made. Not really major profits being made, well not what was promised anyway. Also the medical wonderdrug story hasn't really panned out.

    In short , lots of ordinary noobs got burned on the Canadian rollercoaster, so people are hesitant about piling in on USA. And maybe it's already priced in there, and awaiting a strong push from federal which isn't really happening.

    I predict it'll kick off in February.



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    #154
    RainInSummer
    Registered Users Posts: 1,202 ✭✭✭RainInSummer


    Cheers Treppen, best of luck with it.

    I won't have funds for a couple of years til I exit my current sector anyways. Good to keep an eye on things nonetheless.



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    #155
    garrettod
    Registered Users Posts: 2,451 ✭✭✭garrettod


    Jazz Pharmaceuticals wins approval for HSE reimbursement of cannabis-derived drug

    https://www.businesspost.ie/pharma-med-tech/jazz-pharmaceuticals-wins-approval-for-hse-reimbursement-of-cannabis-derived-drug-7d62c1e0

    Thanks,

    G.



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