Post on 12-Apr-2017
Penny Stock Research
NEW Pot Stock Research - My Visit To Denver
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Hi, My name is Aaron and I‘m with Penny Stock Research, today were
reviewing our recently published article…
NEW Pot Stock Research - My Visit To Denver
A few weeks ago I took a business trip to Denver.
I was out meeting companies in that area… and one of the key industries I
went to look at was the Cannabis Industry. Yes, I was looking at the POT
industry.
Regardless of your views on the use of pot, you have to look at this industry. It’s
the growth industry of the decade.If you think about it, the pot industry is very similar to the Alcohol or Tobacco industries… and those are HUGE and
VERY PROFITABLE.
But I’m not going to sugarcoat it… the industry has MAJOR PROBLEMS too.
Let’s start with the good, then explore the bad, then I’ll get you a new list of
Pot stocks to research.
Here we go…
The Truth Behind Pot Stocks
First, I’m going to give you the biggest positive here… GROWTH.
The Pot Industry is growing like a weed in Denver. And it’s not just growers and
dispensaries that are cropping up.
During my visit, I came across a half a dozen publications. They were
advertising everything from Holistic Doctors to grow facilities to
dispensaries.But that’s not all.
Pot Tour companies are finding huge success. Tours like you find at a winery are available! Equipment companies are
found at every turn… pipes, cleaning equipment, grow equipment, even plant
nurseries are on the rise.
But it doesn't stop there.
Thousands and thousands of new jobs have been created, and the economic
growth is obvious.
I love to chat with cab drivers (and now uber drivers) about the cities I visit… you can discover some amazing things. Like the fact that so many people are flocking to Denver, the price of housing is rising
rapidly.
The few cab drivers I spoke with indicated rent prices have doubled in just
the last few years. One driver praised and cursed the industry in the same
breath.
He hated the fact his rent is going up… but loved the fact business was hopping
and he was making more money.
I witnessed the same thing.
There was a buzz I felt in the city I’d never seen before. And clearly economic
activity is hot… Bars and restaurants downtown were packed on a Tuesday
and Wednesday night.
Hotel rates are up and it was a struggle to book a decent place to stay. The
Denver economy is back and I attribute it to the Pot Industry.
Some Stupid Risks In The Pot Market
Despite the growth, there are some serious threats to the Pot Industry as a whole. For example, while legal at the state level, Pot remains illegal at the federal level. In my opinion, this is
something the Feds need to fix ASAP.
They should regulate and tax marijuana just like the tobacco or alcohol
industries, saving tons of money in drug enforcement action.
But that’s not the only reason.
Consider this… one of the fastest growing parts of the industry are security companies. Every dispensary had armed guards and expensive security systems
(at least the ones I visited).
Why is security so high?
It’s because dispensaries, and by default the rest of the industry, is a CASH
business.
You see, because Pot is illegal at the federal level, dispensaries are
PROHIBITED from opening bank accounts. They also can’t get credit
cards. So they buy their supplies and pay their employees in CASH.
Talk to anyone in the industry and you’ll quickly hear of employees transporting thousands of cash in nothing more than paper bags. Robberies in the industry
are commonplace and lives are at risk… (but the Feds don’t really care about that)
The one bank who tried to set up in the state to serve the industry was quickly shut down by the Treasury Department.
Talk about stupid.
Pot Stocks Growing Like Weed
Despite the issues, I like the idea of the Pot Industry. But there are very few high
quality pot stocks to buy. The Pot Industry is like the dotcom industry back
around 2000.
Every company is claiming to be in the industry. The great growth rate is
attracting both legitimate businesses and scammers alike.
So, how do you invest and keep yourself safe?
You use common sense.
You look for Pot Stocks with real businesses (not just great ideas). You
look for businesses with revenue… and hopefully income!
You look for companies with real products and assets.
Check those boxes and you’ll screen out most of the garbage Pot Companies.
Now, I think it’s time to update the list of pot stocks in the industry.
I don’t have time today, but in my next article, I’ll get you an updated pot stock
list!Tell me, do you own Pot Penny Stocks? If so, which ones? Let me know on the
blog!
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