Trump University.
It was one of the greatest scams in the history of fake education. And rest assured, if Donald Trump hadn’t successfully conned millions of voters into believing that he would save them from the dangers of imaginary Syrian terrorists and job-stealing Mexicans, he’d be $25 million richer right now.
According to the Associated Press, a judge has just approved an agreement for Trump to pay $25 million to settle lawsuits over Trump University.
The lawsuits claimed that Trump University gave nationwide seminars that were like infomercials, constantly pressuring people to spend more and, in the end, failing to deliver.
Attorneys for former customers have said their clients will get at least 90% of their money back, based on the roughly 3,730 claims submitted.
I’m not sure how much folks spent for their Trump education, but one woman, Sherri Simpson, told reporters that she and a partner paid $35,000 to enroll in Trump University’s Gold Elite program. Clearly, there was nothing “elite” or “golden” about that program. Except for the folks that managed to swindle $35k from her.
But that got me thinking …
Why did she enroll in the first place?
Even before Trump started running for president, was it really that hard to see that Trump University was a scam?
Of course, Trump had built one hell of a brand, and there are plenty of people who actually believed that being associated with that brand would help them create wealth and prosperity.
Understand, I don’t write these words to criticize those who “attended” Trump University. I actually feel sorry for them because not only were they swindled, but they could’ve made so much money had they taken the time to study and invest in new trends and technologies instead of relying on the empty promises of a known real estate hustler.
Take the legal cannabis industry, for instance.
Instead of pissing away $35,000 for a few magic beans, Sherri Simpson could’ve invested that money into a single legal cannabis stock in 2015, and turned her once regretful tuition payment into a serious gain.
The stock I’m talking about is OrganiGram Holdings (TSX-V: OGI). And a $35,000 investment would’ve turned into more than $600,000 in just over a year.
And OrganiGram is just one of about a dozen legal cannabis stocks that would’ve allowed Sherri Simpson, as well as other folks duped by Trump, to make three, five, even ten times their money.
Of course, this assumes you’re in at exactly the right time, and you exit at exactly the right time, too. Which no one ever really does. But even if you only did half as well on a stock like OrganiGram, you’re still looking at more than a quarter of a million dollars in profit.
My friends, legal cannabis is far more valuable than the Trump brand. And that’s saying a lot, since it’s this brand that actually enabled Trump to become the president of the United States.
So what have we learned from all of this?
It’s pretty simple, really: Trump will steal your cash and weed will make you rich.
Here’s how are cannabis stocks performed today …
- Aurora Cannabis (TSX-V: ACB) – Up 0.39%
- Aphria, Inc. (TSX-V: APH) – Up 1.52%
- Emblem Corp. (TSX-V: EMC) – Up 0.43%
- Emerald Health (TSX-V: EMH) – Up 0.81%
- Innovative Industrial Properties (NYSE: IIPR) – Up 0.71%
- OrganiGram (TSX-V: OGI) – Up 1.21%
- Canopy Growth Corporation (TSX: WEED) – Up 1.15%
Here’s what we’re buying …
Emerald Health (TSX-V: EMH) – Buying below $1.45
And here’s what we’re watching …
