I Acted On a Stock Tip From a Fellow Medium Writer
One was Canopy Growth (CGC), a Canadian company which “engages in the production and sale of cannabis for medical and recreational purposes.”
In other words? Weed! Pot! Reefer! Grass! Giggle Smoke! Ganja!
The forbidden stuff that we used to buy on the sly in the seventies, then smoke behind the backs of our parents, teachers, cops and other authority figures.
How cool is it that we’re now living in a world where the analysis of a company’s stock could include the line “a boom in the weed industry is expected in the upcoming years?”
Back when I was a teenager sneaking out to the backyard for a toke, I couldn’t possibly have imagined that by the time I was 66, this shit would not only be legal but a potentially wise investment.
(Of course, the teenage Roz would have had a very hard time imagining being 66 at all. But that’s another essay.)
Tom Handy’s case for why this company’s stock was worth buying seemed compelling.
And not because I’d been smoking weed.
Did I exhaustively research Canopy Growth, scrutinize its financials, compare it to similar stocks and carefully read the prospectus?
I just crossed my fingers, took another toke and bought 100 shares. I figured I’d take Tom’s word for it.
What could possibly go wrong?
2021 is the year that I’m going to make money on pot stock!
And if CGC ends up going into the toilet?
At least I got an essay out of it.
(I invite you to track the progress of my investment! I’ll update this essay every week to tell you how my shares are doing. As of today, January 22, 2021, I’m up $333.)(Thanks, Tom!)
( Writing Coach and Medium Sherpa Roz Warren writes for everyone from the Funny Times to the New York Times, has been in 13 Chicken Soup for the Soul collections, and is the author of Our Bodies, Our Shelves: Library Humor. Drop her a line at roSwarren@gmail.com.)