It finally happened. Last week, TWEED INC. (TWD.V) became the first Marijuana producer in Canada to go public and list their shit on the Toronto venture exchange. It’s the moment I’d been waiting on for nearly a decade now, and of course... I missed it. By the time I woke up and walked the dog, the stock exploded out of the gate to a price way out of my reach. But it's cool. I was just thrilled the MMJ (medical marijuana lingo) age had officially begun here in Canada.
As for our neighbours, well they released the hounds months ago, with things moving so fast in Colorado that they’ve leaped right over the Kumbaya phase straight into fighting over patents for weed dispensing vending machines. Yet despite that, their history of gun violence and horrific mass murders, and a recent string of unfortunate deaths related to strong edibles, the state seems to be doing pretty good. According to the internet, Tax revenue for their first legal year looks like its going to clock in at around 100 million.
Dispensaries, gourmet edibles, vaporizers, even tech start-ups are popping up everywhere. Tommy Chong has partnered with a Groupon-like website called Canna-Saver that caters to the MMJ crowd. It’s basically a digital flyer advertising the daily specials - and where to get em. It's great stuff. And thanks to the Huffington Post and Liberal media, (No disrespect to Willie, and the rest of the pioneers) we're all getting to witness this revolution unfold.
MMJ. I don't know, to me, it all seems pretty cut and dry. Just grow the fucking thing and sell it, so we can end criminalization, feed our creativity, ease our pain and cure our diseases. Then spread the profits around communities to further help everyone out.
As for our huge strides, so far this year, Canada has authorized 12 companies as licensed producers of medical marijuana. TWEED is one of them. Labeled “The Golden Child” on the stockboards, they seem like the real deal, as they appear to have both the infrastructure and a game plan in place to thrive in this new frontier.
But Health Canada has estimated the market could be worth $1.3 billion in ten years time, so you know there’s gotta be a whole bunch more players foaming at the mouth. Which brings us back to the meat of the story. The Green Rush. The Easy Money... cause as market cliché goes, a rising tide lifts all boats!
I thought back to an article I read in which Mark Kleiman, a UCLA Public Policy professor and America's new Pot Czar, was warning all the nutters obsessed over weed stocks. "Somebody’s going to be Google. A lot of people are going to be Pets.com.”
That's when it hit me. Maybe I should just stick to what I know. Maybe the wise thing is to dig deeper and focus on the people and companies that can process cannabis culture into value added premium products...like comedy! Besides, I've been investing in weed for like 20 years.