Since the market is closed today, I figured I'd take a look at where the alcohol and tobacco company stock prices are, at present.
Anheuser-Busch -- $109.20
Philip Morris - $83.15
Reynolds American (RJ Reynolds) - $54.90
British American Tobacco - $114.60
Boston Beer Company - $233.88
Let that soak in. There is NO WAY legitimate pot companies won't follow suit and reach similar prices and I believe FITX is a legitimate company, along with my ERBB. I own AEGY and LATF as well and I feel good about them, but not as strongly as I do about this one and ERBB.
Stay strong, longs. It might not happen overnight, but it's going to happen. Pot is FAR less harmful, yet one article after another is coming out, in a clear effort to attack this industry. Anybody whose ever used pot before knows that it doesn't make you violent or any of this bogus stuff they keep trying to come up with. Looking at the prices above, Big Tobacco and the wine and spirits industry has to be behind it. Morons.
Keep spreading the good news about pot and this industry. We are on the right side of history and we will reap the benefits of having the guts to put our money where our mouths are.
Interesting. RJ Reynolds (or Reynolds American Inc.) had sales of $8.2 billion last year. If FITX even gets to one quarter of that we early investors will make a lot of money. I have a lot of shares because I was involved in SCD when FITX acquired it, so I was paid in shares. I'll be quite happy when we hit $1.
I agree with the stocks you like, but the statement about "far less harmful" and "stories being made up" is simply not true. I have to deal with people who have been affected by addictions, degenerative processes of "drugs," etc.... In fact the degenerative damage that MJ does to the brain is far more than you think. The industry will be huge just simply because we as humans enjoy the euphoria we feel from taking such substances, but the damage is real.
The industry from HEALTH to recreational must be controlled. The hospice and medical needs are real as the down side abuse. The adult use in recreation must be controlled as many are week in my opinion. The spectrum on uses is wide as the opinions. I would hate to see a lot of stoned people and in my industry it is deadly. I have witnessed a loved one with cancer . Equally, deadly and disgusting disease and out come. I have never seen as much pain and inhuman treatment. I am the last person who wants to work with the impaired by abuse. ABUSE is a whole different matter to many. I have paid for pain medication for loved ones. I have carried a loved one to sick to move. Thank god we can argue this.