By: Shannon Ullman
I invested in weed stock. I was 28-years-old at the time, and had no experience with investing. I barely understood what a stock or bond meant (which is pretty normal for most people I would say.) All I know is that I had been thinking a lot about weed and its role around the world.
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Before I invested in the stock, I had been a traveler. I spent time in Amsterdam, where I stayed in a hostel with a special room just for smoking pot. My boyfriend and I had visited one of the ‘cafes’ there, where we bought a joint to smoke while drinking some coffee. It was normal, and it made me really reconsider the laws we had back in the USA. How could smoking pot be so normal here, but a completely criminal act at home? It didn’t make sense to me.
It always seemed strange that this smelly little plant was considered so BAD. That I had to be terrified anytime I touched the stuff in high school or college. But, alcohol was totally fine. It made me think….’who’s making up these rules and why!?’
Later in life, I did a brief stint in Colorado. My boyfriend had spent a year out there in Breckenridge, and I visited on-and-off many times. There was a two-month period that I was actually living out there, when the dispensaries were popping up. They were well-regulated establishments, with professional staff and strict rules. I remember sitting in the ‘waiting room,’ as there are caps on how many people can actually be inside at one time. The people around me, waiting to buy pot, were all different. It wasn’t just a bunch of stoner kids, but business men, older couples, and family members on vacation.
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Going to the ‘weed store’ became part of our errands. We would go grocery shopping, pick up a bottle of wine, make a stop at the bank, and a quick run to the dispensary. At the pot shop, we asked questions, compared chocolate bar prices, and made well-thought-out decisions about our purchases. It seemed normal, it seemed right.
Why Did I Invest in Weed Stock?
After all of these experiences I had in different places around the world, something became clear to me. People love weed. They always have, and they always will. It makes them feel good, and despite the laws, they aren’t going to stop.
And, when I took a good look at the laws surrounding weed, it was clear to me that some guy (or guys) just made a decision based on their opinion. These laws, they weren’t founded in any kind of science. Hell, alcohol has been proven to be way more dangerous. And, it seemed clear to me that it would be inevitable that weed would become normalized.
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So, I looked into weed stocks, because at that point, the change was already happening. I told my boyfriend about my idea and he jumped on board. He did a deep dive into the available weed stocks and companies, researching them online for a couple of weeks. Coming up with about four companies, he laid out the pros and cons of each, and we waged our bets.
I took $400 (which isn’t much, but hey, it’s all I could afford with student loans in my life) and chose a company. We told our friends and family about it, and they invested too. I bought stock for around $7 a share, and today it’s worth $50. I hope it keeps going up.
Should You Invest in Weed Stock?
Honestly, it depends. I read a great quote once, but I can’t remember who said it. Basically, it warned that if you were going to invest money in a stock like this, you should be mentally willing to take that money and light it on fire. What they were trying to say is that you should be prepared to lose any money you’re planning to invest in weed stocks. Be mentally OK with that, and if you are, go for it.
I’m not an expert. Like, at all. But, I’ve had a good experience investing in weed stocks so far. I’m excited to see where it goes.
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