Junebug, I actually knew people who bought penny stock start-ups back in the dot.com era. These people nearly had whiplash from all the merger and acquisition activity, and those who did not cash out ended up owning stock in the final merger or acquisition company. Today, we know these companies as Microsoft, Apple, Google, and others. While they ended up with a lot fewer shares after all was said and done, the value of those shares skyrocketed. However, most of the people I know ended up cashing out long before the final acquisition. What I can tell you is that for every $100 they invested, they cashed out thousands. Not all became rich, but many had a very nice retirement nest egg, and many of those ended up retiring early.
I expect this same type of activity in the cannabis industry. A brand new industry does not start up every day, and most people don't see one in a lifetime. Yet here we are, right at the beginning, and we have such a long way to go.
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