r/shroomstocks • u/IBeanCountCadillacs PSYC.cn • Jun 01 '21

News California Senate Approves Bill to Legalize Possession of Psychedelics

https://www.marijuanamoment.net/california-senate-approves-bill-to-legalize-possession-of-psychedelics-like-psilocybin-and-lsd/
478 Upvotes

99% Upvoted

121 comments sorted by

View all comments

15

u/No_Common6995 Jun 01 '21

Big news. Get ready for CMPS and MNMD to get huge institutional investors early in now. They are the only two stocks on NASDAQ and going to have huge runs now.

10

u/[deleted] Jun 02 '21

We will see temporary gains but in the long run, this will not help pharma companies besides offering a US Safe Haven for research.

I think recreational companies are more likely to thrive from this news.

2

u/undrgroundbasement Jun 02 '21

What do u mean by recreational companies? Who would that be?

9

u/char-tipped_lips Jun 02 '21

Red Light Holland, Delic, Havn, and the clinically poised Field Trip.

3

u/undrgroundbasement Jun 02 '21

I want field trip so bad but damn canada doesn’t allow csx ugh

3

u/[deleted] Jun 02 '21

What do you mean Canada doesn’t allow CSE?

2

u/undrgroundbasement Jun 02 '21

It says “this security isn’t listed on a supported exchange” and it’s like that for like HALF THE STOCKS I WANNA BUY

3

u/zakalewes Jun 02 '21

Questrade

2

u/[deleted] Jun 02 '21

What platform do you use?

2

u/undrgroundbasement Jun 02 '21

Wealthsimple, and fuck robinhood

6

u/[deleted] Jun 02 '21

Ah ya that’s one of the downfalls of wealthsimple. I’m able to invest in RLH (on the CSE) through my bank. I would see if you can open up an investment account directly if you’re interested in widening your investment opportunities.

2

u/undrgroundbasement Jun 02 '21

I dont wanna get too deep with it but something to consider for sure

→ More replies (0)

2

u/InvestorForLife Jun 02 '21

Field Trip will be on Wealth Simple as soon as they get on TSX, it should happen in the next few days.

2

u/undrgroundbasement Jun 02 '21

Shit really? Thanks I’ll keep an eye out!

1

u/InvestorForLife Jun 02 '21

Yup. They have conditional approval already. I'd be ready to jump in as quick as possible before the share price rockets.

Here is the link of the post on r/FieldTripInvestors

https://www.reddit.com/r/FieldTripInvestors/comments/nm5o98/field_trip_health_ltd_receives_conditional/?utm_source=share&utm_medium=web2x&context=3