Marijuana Stock I Invested InsteemCreated with Sketch.

in #stocks4 years ago (edited)

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I bought 60,000 shares of CBD Life Sciences, ticker symbol CBDL. I bought them at an average price of $0.005 USD. (1/2 cent) I bought them 1 week ago, and I have almost doubled my money.

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I have been watching this stock. In the last 1 month it has gone up 470%. In the last 3 months it has gone up 1840%.

Penny stocks are very risky, but I took a gamble on this one. If the American government were to legalize pot nationwide, it should have a very positive effect on all pot stocks, including this one. Even if they just talk about it, marijuana stocks will all benefit from just rumors.

If this company goes bankrupt, I'll loose about $300.00. If it goes to $1.00 I'll make $60,000.00.

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We'll see what happens......

Image Source: Pixabay

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Great article and useful

Thank you! 😀👍

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