The 2018 Cannabis Stock Bubble
The 2018 Cannabis Stock Bubble
The 2018 Cannabis Bubble was a small bubble that investors often forget about. I want to go back in time and look at what people were saying in the past. That way you can get better at identifying risky investments in the future.
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Your video proves that now is the time to buy
Following the logic of your previous video (NFT hype), pharmaceutical companies should have bought these newcomers "cheap" (or even now), to prevent the possibility of them turning into the next big thing. So what gives? Just that acquiring start-ups left and right is not a straightforward decision.
Btw, my husband watching your comparison of stock trends at the end said "looks like we should buy BTC now and sell when the 3rd and last peak comes" (this comment is brought to you by /r/cryptocurrency) (jk oc)
To be fair, there were a lot of comments warning people about the eventual burst of the bubble, so is not like reddit investors were all in on the hype.
This bubble will be back .. the amount of money that flooded in 2020 of the pretenses of legalization proves within itself
Get prepared
I recently purchased some MJ stocks and I think it is a good time to buy. If it does become legal in the USA it will be a great investment to purchase some now. Of course it is risky, maybe legalization won’t happen but more and more states are allowing recreational MJ. I think its a good buy to get a small portion of your portfolio.