topic Cannabis in Investing https://ttlc.intuit.com/community/investing/discussion/cannabis/01/960288#M244 <P>I am from a state that hasn't legalize marijuana. Is it possible that I can invest in this business?&nbsp;</P> Tue, 03 Dec 2019 09:07:23 GMT Curtis777_ 2019-12-03T09:07:23Z Cannabis https://ttlc.intuit.com/community/investing/discussion/cannabis/01/960288#M244 <P>I am from a state that hasn't legalize marijuana. Is it possible that I can invest in this business?&nbsp;</P> Tue, 03 Dec 2019 09:07:23 GMT https://ttlc.intuit.com/community/investing/discussion/cannabis/01/960288#M244 Curtis777_ 2019-12-03T09:07:23Z Re: Cannabis https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/960304#M245 <P>That sounds like a question for a lawyer.&nbsp; We cannot give legal advice on this user forum for taxes.</P> Tue, 03 Dec 2019 11:44:53 GMT https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/960304#M245 xmasbaby0 2019-12-03T11:44:53Z Re: Cannabis https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/965691#M247 <P>If you're talking about buying shares in a publicly-traded company, it doesn't matter what the company does. Buying shares in Tilray, Canopy, or Green Thumb is legally no different to buying shares in Microsoft, Pepsi, or Verizon - no matter where you live. Hope that helps.</P> Sun, 15 Dec 2019 17:28:05 GMT https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/965691#M247 ytt 2019-12-15T17:28:05Z Re: Cannabis https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/967670#M258 <P>The last time I invested in cannabis, I smoked all the profits.</P> <P>&nbsp;</P> <P>Seriously, I know of one ETF, <A href="https://etfmg.com/funds/mj/" target="_self">ETFMG Alternative Harvest ETF</A>, Ticker: MJ (of course). There may be others.</P> <P>&nbsp;</P> <P>I would be wary of investing right now unless you can afford to lose your entire investment. The federal government continues to make life difficult for the legal cannabis industry, preventing some businesses from even opening bank accounts or accepting credit cards, so they have to deal in physical cash. Hopefully, this will change with the next administration.</P> Fri, 20 Dec 2019 01:18:14 GMT https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/967670#M258 RocketJSquirrel 2019-12-20T01:18:14Z Re: Cannabis https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/967864#M259 <P>Yes, if you wish to invest through the financial markets, you can purchase exchange traded funds (ETF’s) <STRONG>MJ</STRONG> and/or <STRONG>HMMJ.</STRONG></P><P>&nbsp;</P><P>Exchange Traded Funds function like mutual funds which is a good .conservative way to spread your risk</P><P>&nbsp;</P><P>If you do not currently have a brokerage account, you can establish an online account through Charles Schwab, TD Ameritrade, or Etrade.</P><P>&nbsp;</P><P>Currently, the cannabis space is depressed or out of favor making it a good time to consider investing although you may want to wait until you see an upturn before you jump in,.</P><P>&nbsp;</P><P>You can track the price movements of the two above securities at bigcharts.com .</P><P>&nbsp;</P><P>Good luck,</P><P>Marketstar</P> Fri, 20 Dec 2019 19:28:18 GMT https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/967864#M259 marketstar99 2019-12-20T19:28:18Z
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<P>I am from a state that hasn't legalize marijuana. Is it possible that I can invest in this business?&nbsp;</P>
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<P>I am from a state that hasn't legalize marijuana. Is it possible that I can invest in this business?&nbsp;</P>
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<P>That sounds like a question for a lawyer.&nbsp; We cannot give legal advice on this user forum for taxes.</P>
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<P>If you're talking about buying shares in a publicly-traded company, it doesn't matter what the company does. Buying shares in Tilray, Canopy, or Green Thumb is legally no different to buying shares in Microsoft, Pepsi, or Verizon - no matter where you live. Hope that helps.</P>
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https://ttlc.intuit.com/community/investing/discussion/re-cannabis/01/967670#M258
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<P>The last time I invested in cannabis, I smoked all the profits.</P> <P>&nbsp;</P> <P>Seriously, I know of one ETF, <A href="https://etfmg.com/funds/mj/" target="_self">ETFMG Alternative Harvest ETF</A>, Ticker: MJ (of course). There may be others.</P> <P>&nbsp;</P> <P>I would be wary of investing right now unless you can afford to lose your entire investment. The federal government continues to make life difficult for the legal cannabis industry, preventing some businesses from even opening bank accounts or accepting credit cards, so they have to deal in physical cash. Hopefully, this will change with the next administration.</P>
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<P>Yes, if you wish to invest through the financial markets, you can purchase exchange traded funds (ETF’s) <STRONG>MJ</STRONG> and/or <STRONG>HMMJ.</STRONG></P><P>&nbsp;</P><P>Exchange Traded Funds function like mutual funds which is a good .conservative way to spread your risk</P><P>&nbsp;</P><P>If you do not currently have a brokerage account, you can establish an online account through Charles Schwab, TD Ameritrade, or Etrade.</P><P>&nbsp;</P><P>Currently, the cannabis space is depressed or out of favor making it a good time to consider investing although you may want to wait until you see an upturn before you jump in,.</P><P>&nbsp;</P><P>You can track the price movements of the two above securities at bigcharts.com .</P><P>&nbsp;</P><P>Good luck,</P><P>Marketstar</P>
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