As marijuana moves slowly towards being legalized, would there be a need for hemp futures? Is a crop of pot hard to maintain? Or would most of it be grown in a controlled environment where there would be no real need to hedge. I mean there are no tobacco futures. (at least that im aware of) Would some you just keep "taking delivery". Get long and stay long? It just might be a great little pit to trade in. Just bored and thought I would see what your take is. Jim
I think you're right - no one would ever sell - everyone would just want things to go higher and higher...
so now the ET brainchilds will buy stock in hydroponics? did I spell that right? (my brain is too destroyed and I am now lazy from my excessive marijuana use....)
All jokes aside Hemp is a fantastic plant and although it is a type of Cannabis you would have to smoke a bale of it to get a buzz. It grows like wild in the worst soil conditions. It can be processed into bio fuel. You can make clothes from the fiber..etc..etc http://www.jackherer.com/chapters.html Hey, ES. The stereotype of Cannabis users being lazy and dumb is soooo 70`s. Personally I puff every day after work and have made more money year after year since...well I forget since when but I do ok!
What about contract specs? Would it be 100 ounces per contract? Trading would start @ 4:20? What would the price be? Would this be for grade "A"?