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The recent election was good news for my cannabis stock (Canopy Growth Corp) and bad news for tobacco (PO and MO way down due to California tax increases). I sold all of my CGC expecting that a company with 8 million in revenue wouldn't reasonably hold a 1.6 billion valuation any time soon and flipped it over to the battered MO and PM expecting that once cannabis is totally legalized there is no reason for them to not jump into the business. In the short term it's been a good choice, what do you think? Do you think there is anything preventing the big tobacco companies from just entering into the marijuana market and crushing all these boutique companies? Do you think they'll pick a few standouts (like Canopy Growth Corp) and just buy them out?



Submitted January 08, 2017 at 11:24AM by nocRAGE http://ift.tt/2i3bq8h

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