The key with weed/mj stocks is to find the window of opportunity when there is no dilution/conversion going on...they all dilute or convert shares at some point, finding that window of opportunity to trade them sets the stage for maximum gains. Also, there are a ton of scam mj/cannabis companies out there...Thats fine. You can make money on a scam, but you have to be careful on your trades and timing. Some of the best gainers out there have been scams...Yes, I would rather play 100% legitimate companies in the penny stock arena, the truth is though, there are not many of them out there that are 100% bonafide and legitimate companies that will turn a profit. Some NYSE/NASDAQ companies will never turn a profit either, but the difference is there are stiffer regulations for them in SEC filings and transparency. Regardless, its all about making money on your trades...And the Penny Stock Market has proven to be the winner for higher gains vs the bigger board markets. Yes, RISK is GREATER, no question...BUT, the rewards are also far greater as well. *See the IBOX/BOARD intro.
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