We thank your for all your recent support by visiting this blog and hope you will keep it up…we promise to keep writing if you do. Today we want to talk about how to make money…a lot of people hate money but want it. They blame one percent of everybody else for taking their money…this may well be true but there are ways to get your cash back, legal ways in case anybody from the law enforcement community perked up their ears when they saw this title.
First, we have the legislation from the FED last week which allows banks to fund pot growers in legal states…this is the biggest read-between-the-lines green light that the USA could get as regards the future of our fav weed. People make livings from it and raise families here. They buy new cars and lighting systems, soil and pots. They put money back into the economy and they have hope in their eyes. They are not waiting for a pension and know they have averted the dead end that most young people find themselves facing these days when thinking about a ‘career’…what a word!
But you do not even have to grow it or smell it or even touch it to make money. You can buy stocks through your favorite brokerage which will put you in the pot business, more or less. But how to make moey? Buy low and sell high is the logic.
At this point the stocks sell at incredibly low prices, like 3 or four shares for a dollar. The first such stock we cashed in on was Medical Marijuana Inc (MJNA) which is kind of a stinker and we are happy we got out with our pants on that one but we did make a few hundred dollars. When we first heard about it, Bruce Perlowin, the Prince of Pot, was at the helm. It looked like a good thing and Perlowin talked it up on CNBC but jumped ship and now runs HEMP, Inc (HEMP). Due to his dodgy ways we do not recommend either one of these but prefer to stick to rowlife, Inc. (PHOT) at this time…
Growlife, Inc., the indoor lighting/hydroponic/cash-lending-to-growers conglomerate is our new favorite and they stand more to gain than any company from the FED decision to allow mariuana lending.
They have been buying up major growershop chains and were the first company to announce that they would lend money to new grow operations to get set up. All summer long it languished at under five cents a share as we told everybody we knew to go and buy some. Now it is at forty cents a share and that represents roughly a 1400% gain on your money in the six month period from today back to August 18, when it was three cents a share. Compare that to the dismal 1-2% return on a 15-month CD!
Of course, playing with penny stocks is like playing with fire but the idea is to buy a bunch when it is at a low point and sell a portion when it hits a high – a large enough portion so that the remaining shares are yours for free. It is still at a price where you can do that
This is new industry. Do you realize how rare a new industry in the USA is? What was the last one…computers/internet services? Was that a money-maker for those who got in early? As of December 2103, Growlife has a former Microsoft/Yahoo! executive running operations and some other high-tech moneyed names are also lurking in the background. There is a lot of cash to be made here. Of course money is evil but you need money to live.
Live is evil spelled backwards.
If the ‘one percenters’ are taking all the money, why not grab a few crumbs as they flake of the sides of the monopoly money stacks. Why let them make all the money and complain?
So while we do not promote rich pigs running our lives, we do like to pick their pockets and when we see them piling onto something, we look for loose change on the ground…
This is a free blog so do not look at the typos…