http://www.cbsnews.com/news/denver-man-arrested-on-suspicion-of-murder-in-wifes-death/
They forgot to mention the guy had taken multiple painkillers before his smoke. For what that's worth.
Also, sorry for lack of updates. But I'm still here! Just working on something big!
Saturday, April 19, 2014
Tuesday, April 1, 2014
Medical Marijuana in Nevada goes live today!
While in some counties, it's still a long way off to be able to purchase from a dispensary, the state's legislation allowing medical marijuana is now in effect. While dispensaries are still several months away from being opened, the fact remains that as of today, such operations are legal in Nevada.
The interesting part of this legislation is that the legislation calls for a system of taxes to be implemented. The wholesale from growers to dispensaries will be taxed (% at this time is unknown). The purchase of medicine by patients at a dispensary will also be taxed (2%, as well as state sales tax). No other state with a legal medical marijuana program taxes its patients (although Massachusetts plans on doing so, if my memory serves me correctly), and in states with legal recreational marijuana, citizens with medical marijuana cards don't even have to pay state sales tax, let alone a flat tax just because they're buying marijuana.
Fascinating legislation, however.
The interesting part of this legislation is that the legislation calls for a system of taxes to be implemented. The wholesale from growers to dispensaries will be taxed (% at this time is unknown). The purchase of medicine by patients at a dispensary will also be taxed (2%, as well as state sales tax). No other state with a legal medical marijuana program taxes its patients (although Massachusetts plans on doing so, if my memory serves me correctly), and in states with legal recreational marijuana, citizens with medical marijuana cards don't even have to pay state sales tax, let alone a flat tax just because they're buying marijuana.
Fascinating legislation, however.
D.C city council votes to decriminalize small amounts of marijuana
What's interesting is that due to D.C laws, Congress has the right to review the bill and veto it or pass it if they see fit. If this is put into law, and certain congressmen vote in favor of it, but vote against marijuana initiatives (such as funding cannabis research on veterans suffering from PTSD), or come from states that oppose cannabis initiatives, or even are members of the party that is against cannabis 200%, this November could become VERY interesting.
Some congressmen will have an extremely difficult question to answer come election time, should this go through.
Some congressmen will have an extremely difficult question to answer come election time, should this go through.
Friday, March 28, 2014
Maryland legalizes medical marijuana
Yesterday Maryland's senate passed a legalization bill for medical marijuana. A few weeks back, the state's house of representatives passed a similar bill, and now representatives from both bodies will meet to sort out the differences between the bills and present it to Democratic Governor Mark O'Malley.
I'm tempted to say that the dominoes are starting to fall at a much quicker rate than I'd anticipated.
I'm tempted to say that the dominoes are starting to fall at a much quicker rate than I'd anticipated.
Wednesday, March 26, 2014
political update
so there have been a few things going on politically that needs to be posted here, that I've found out:
1. Utah has legalized medical marijuana - partially. Between this July and December 31st of next year, it is legal to possess CBD oils if you are the parent of a child who is documented as having severe epilepsy. Prescriptions can only be written by a neurologist, which then is sent to the state's department of health, who in turn allows potential patients to apply for a wavier to pay the state a $400 hemp extract fee. They are then placed on a waiting list. The extract must have at least 15% CBD, and no more than .03% THC.
Author's note: As I don't provide my own opinion on political matters, I will not comment on the glaring holes in the law. However, I can state that since the bill did not establish any sort of growing program (in theory, parents of said children would procure the oil from nearby Colorado) and instead is only legalizing patients the ability to actually possess or use it, those transporting the legalized oil across state lines will still be subject to Federal law. How that isn't legal due to hemp being legal (and strains with very small traces of THC can technically be classified as hemp), is anyone's guess.
2. New Hampshire's house of representatives last year voted to write a legalization bill, before turning over it to the state's tax committee. The committee recommended against passing the bill, due to it not giving the state enough controls to properly regulate the distribution of the plant. In a 192-140 decision, the house of representatives rejected the bill. Last week, the same house voted to decriminalize small amounts (under 1 ounce), but that will more than likely be vetoed by the governor, who has vowed to veto any pro-marijuana legislation that arrives at her desk.
3. Also, the US House of Representatives voted against funding the research on medical marijuana for veterans. After a University of Arizona psychology professor was granted permission to conduct said research last week, Arizona's own representative lashed out at the proposal, and it was ultimately defeated.
1. Utah has legalized medical marijuana - partially. Between this July and December 31st of next year, it is legal to possess CBD oils if you are the parent of a child who is documented as having severe epilepsy. Prescriptions can only be written by a neurologist, which then is sent to the state's department of health, who in turn allows potential patients to apply for a wavier to pay the state a $400 hemp extract fee. They are then placed on a waiting list. The extract must have at least 15% CBD, and no more than .03% THC.
Author's note: As I don't provide my own opinion on political matters, I will not comment on the glaring holes in the law. However, I can state that since the bill did not establish any sort of growing program (in theory, parents of said children would procure the oil from nearby Colorado) and instead is only legalizing patients the ability to actually possess or use it, those transporting the legalized oil across state lines will still be subject to Federal law. How that isn't legal due to hemp being legal (and strains with very small traces of THC can technically be classified as hemp), is anyone's guess.
2. New Hampshire's house of representatives last year voted to write a legalization bill, before turning over it to the state's tax committee. The committee recommended against passing the bill, due to it not giving the state enough controls to properly regulate the distribution of the plant. In a 192-140 decision, the house of representatives rejected the bill. Last week, the same house voted to decriminalize small amounts (under 1 ounce), but that will more than likely be vetoed by the governor, who has vowed to veto any pro-marijuana legislation that arrives at her desk.
3. Also, the US House of Representatives voted against funding the research on medical marijuana for veterans. After a University of Arizona psychology professor was granted permission to conduct said research last week, Arizona's own representative lashed out at the proposal, and it was ultimately defeated.
Monday, March 24, 2014
New Jersey state senator introduces recreational legalization bill
Not to take a break from the investments post (which is already huge and growing), but today marked another landmark in the movement to get recreational marijuana legalized throughout the US. New Jersey state senator Nicholas Scutari announced a bill to legalize marijuana, tax it, and regulate it like alcohol - meaning it would be legal for those 21 and older. Individual counties and towns would be able to ban storefronts selling the plant. No word yet on the tax the state would place on the purchase, but Scutari's plan revolves around the tax revenue such legislation would create, pointing to Colorado's recently announced revenues from legal sales in January as a reason to legalize the plant.
Naturally, Governor Christie, a longtime advocate of the war on drugs and GOP presidential hopeful, has come out against the bill (naturally), and will try to stop it from being passed.
Naturally, Governor Christie, a longtime advocate of the war on drugs and GOP presidential hopeful, has come out against the bill (naturally), and will try to stop it from being passed.
Tuesday, March 18, 2014
University of Arizona researcher receives federal approval to research the use of marijuana for suffers of PTSD
The investments post is coming. I promise. But...I saw this this morning on Google news and I had to re-post it, being an alumnus of said University and all (Bear Down, Cats!).
http://www.oregonlive.com/politics/index.ssf/2014/03/marijuana_news_feds_approve_un.html
What's interesting is that there is already a school that is allowed to research medicinal marijuana, the University of Mississippi (Ole' Miss). However, they are severely limited in what they can do. Also, the fact that it's illegal for anyone to transport anything across state lines (even extracts) really limits the impact the lab can have.
But more on this later. Back to the investments post!
Monday, March 17, 2014
Back in it!
Today marks the day I get back into the blogging game as my other project needs to be sided for the time being. So I'm back to this!
Before I get into today's main idea, I'm going to recap some of the events that have been going on (politically) in this space since my last post. There's still a few posts sitting around waiting to be published that don't have anything to do with politics (they are focused on firms operating in the space), but more on those later.
California, as stated in a previous post, has shelved their efforts to get recreational legalization on their 2014 ballot. New York and Georgia have both legalized medicinal use, albeit in extremely limited circumstances. Floridians will vote on medical use in August while Rhode Island will vote on recreational legalization during that same month. Oregon's legalization of recreational use is dependent on the initiative gathering enough signatures (which, if successful, would be put to a vote in November). Maryland's house of Representatives has debated both legalizing recreational use and pulling back on restrictions set up for medicinal users, but nothing has been put to a vote, yet.
Now, onto the main theme for today, which is what I've learned while doing extensive research on this space for a friend of mine. The most astounding thing I've learned is that there isn't as much social media action happening here as one would think. While some major players have huge followings on Twitter, Facebook, Instagram, etc..., such as actors, musicians, and some publications, there isn't as much activity surrounding the space as one would imagine. I'm saying this because while over 40% of adults in this country (conservatively speaking) have tried the substance, there are only a handful of pro-marijuana influencers active on social media that have a following of over 1 million people.
This has perplexed me. Reason being, people who are proponents of the stuff (from legitimate medical users to your average pothead) are generally pretty vocal about their position. Today's technology allows such people to connect with ease, and make an impact on the internet. This just isn't happening, and I can't understand why. (To my few readers: do you know why, or have a hypothesis?) It seems that those who have the most power to influence simply aren't, or the ones that do have the power simply aren't being helped by similar people.
I've also learned a few more things about investment as well. That will go into tomorrow's (massive) post. I've lost a few bucks trying to invest in this space in the past month and I want to tell my latest tale.
Before I get into today's main idea, I'm going to recap some of the events that have been going on (politically) in this space since my last post. There's still a few posts sitting around waiting to be published that don't have anything to do with politics (they are focused on firms operating in the space), but more on those later.
California, as stated in a previous post, has shelved their efforts to get recreational legalization on their 2014 ballot. New York and Georgia have both legalized medicinal use, albeit in extremely limited circumstances. Floridians will vote on medical use in August while Rhode Island will vote on recreational legalization during that same month. Oregon's legalization of recreational use is dependent on the initiative gathering enough signatures (which, if successful, would be put to a vote in November). Maryland's house of Representatives has debated both legalizing recreational use and pulling back on restrictions set up for medicinal users, but nothing has been put to a vote, yet.
Now, onto the main theme for today, which is what I've learned while doing extensive research on this space for a friend of mine. The most astounding thing I've learned is that there isn't as much social media action happening here as one would think. While some major players have huge followings on Twitter, Facebook, Instagram, etc..., such as actors, musicians, and some publications, there isn't as much activity surrounding the space as one would imagine. I'm saying this because while over 40% of adults in this country (conservatively speaking) have tried the substance, there are only a handful of pro-marijuana influencers active on social media that have a following of over 1 million people.
This has perplexed me. Reason being, people who are proponents of the stuff (from legitimate medical users to your average pothead) are generally pretty vocal about their position. Today's technology allows such people to connect with ease, and make an impact on the internet. This just isn't happening, and I can't understand why. (To my few readers: do you know why, or have a hypothesis?) It seems that those who have the most power to influence simply aren't, or the ones that do have the power simply aren't being helped by similar people.
I've also learned a few more things about investment as well. That will go into tomorrow's (massive) post. I've lost a few bucks trying to invest in this space in the past month and I want to tell my latest tale.
Tuesday, March 4, 2014
The first ever marijuana commercial on TV.
http://www.youtube.com/watch?v=jyzxs33B6FA
So it's the first commercial for a marijuana service. And it's going to be all over the major networks!
And yeah, sorry for the lack of updates. I've been setting up a cannabis database for a friend of mine, and it's taken ALL my time.
So it's the first commercial for a marijuana service. And it's going to be all over the major networks!
And yeah, sorry for the lack of updates. I've been setting up a cannabis database for a friend of mine, and it's taken ALL my time.
Thursday, February 20, 2014
California group shelves initiative for Marijuana Legalization. (INVESTING, POLITICS)
http://www.mercurynews.com/california/ci_25174969/major-marijuana-legalization-measure-off-table-2014
This leaves Alaska as the most likely candidate to legalize the stuff in 2014. No specifics were given (nor could I find any) as to why the idea was put on hold. However, this caused waves with the industry-related equities, as most of the major stocks are down.
It is the author's personal opinion that the stocks will go down further, for a few days at minimum.
This leaves Alaska as the most likely candidate to legalize the stuff in 2014. No specifics were given (nor could I find any) as to why the idea was put on hold. However, this caused waves with the industry-related equities, as most of the major stocks are down.
It is the author's personal opinion that the stocks will go down further, for a few days at minimum.
Sunday, February 16, 2014
Obama gives green light to banks to accept funds from legal marijuana sales (POLITICS)
http://www.washingtonpost.com/business/economy/obama-administration-clears-banks-to-accept-funds-from-legal-marijuana-dealers/2014/02/14/55127b04-9599-11e3-9616-d367fa6ea99b_story.html
While it is not my place to comment on the legislative circles Obama jumped through to make this happen, it is a good thing nonetheless.
This probably will cause the markets to move. In which direction? I haven't a clue.
While it is not my place to comment on the legislative circles Obama jumped through to make this happen, it is a good thing nonetheless.
This probably will cause the markets to move. In which direction? I haven't a clue.
Friday, February 14, 2014
Wall Street Journal Market Watch writer on marijuana related stocks; what do you think? (INVESTING)
This isn't what I plan on doing for the remainder of my time with this blog, but I felt the need to write what I'm about to write after reading this article because I feel it needs clarifying. He (the author of the article) says you've got to "be a dope" to buy into Marijuana related stocks. He's both correct and incorrect. Here is the link.
http://blogs.marketwatch.com/cody/2014/02/13/you-have-to-be-a-dope-to-buy-marijuana-stock/
For one, the market isn't even two months old - it's still in its infancy and not developed, so naturally there will be winners, losers, scammers, etc This is without question. NOBODY knows the future of this industry, nobody in Washington, Colorado, or in Congress, for that matter. Think of the following question: will the plant become legalized in the future? Maybe, and it might happen within my lifetime. But will states or nations look at what is happening in Washington and Colorado (and Uruguay) and take note? Yes. As such, the economics of marijuana are subject to speculation and change. Can one make money buying stock related to these industries and make money now? Yes. Is a stock, such as MJNA, a cheap option for someone looking for some quick returns? Depends, and if you've got the money to blow, sure. Is it dumb to bet the house and spend thousands of dollars on any penny stocks? Yes.
However, he does mention that for the well-informed, there is money to be made. This is a fast-growing industry. There are people making money in this space and there will be people who make money in this space. Those who are active in sourcing news related to Marijuana and Hemp will probably be able to make some money if they understand what makes the industry-related stocks move (hint: investing shortly before state or federal elections or voting referendums are set to happen), or find a new space to operate in, then success could be attained.
Also, a quick note that I've gotten in touch with a tech startup in Denver called Cannabase, who are developing a browser-based service that connects wholesale growers to wholesale buyers (such as dispensaries, cooks, legal storefronts, etc...) in Colorado and will be conducting a full-on interview on Monday, February 24th.
http://blogs.marketwatch.com/cody/2014/02/13/you-have-to-be-a-dope-to-buy-marijuana-stock/
For one, the market isn't even two months old - it's still in its infancy and not developed, so naturally there will be winners, losers, scammers, etc This is without question. NOBODY knows the future of this industry, nobody in Washington, Colorado, or in Congress, for that matter. Think of the following question: will the plant become legalized in the future? Maybe, and it might happen within my lifetime. But will states or nations look at what is happening in Washington and Colorado (and Uruguay) and take note? Yes. As such, the economics of marijuana are subject to speculation and change. Can one make money buying stock related to these industries and make money now? Yes. Is a stock, such as MJNA, a cheap option for someone looking for some quick returns? Depends, and if you've got the money to blow, sure. Is it dumb to bet the house and spend thousands of dollars on any penny stocks? Yes.
However, he does mention that for the well-informed, there is money to be made. This is a fast-growing industry. There are people making money in this space and there will be people who make money in this space. Those who are active in sourcing news related to Marijuana and Hemp will probably be able to make some money if they understand what makes the industry-related stocks move (hint: investing shortly before state or federal elections or voting referendums are set to happen), or find a new space to operate in, then success could be attained.
Also, a quick note that I've gotten in touch with a tech startup in Denver called Cannabase, who are developing a browser-based service that connects wholesale growers to wholesale buyers (such as dispensaries, cooks, legal storefronts, etc...) in Colorado and will be conducting a full-on interview on Monday, February 24th.
Monday, February 10, 2014
Check this out! (MISC.)
Got sent this the other day, pretty cool stuff
http://videos.huffingtonpost.com/weed-on-wheels-pot-lollipop-vans-open-shop-in-nyc-517851256
Pretty interesting idea. I wonder who will try something similar in Colorado or Washington?
Wednesday, February 5, 2014
Alaska petition to put Marijuana legalization on August ballot has pass all required thresholds. (POLITICS)
Title says it all! Per the Anchorage Daily News:
http://www.adn.com/2014/02/04/3306814/its-official-alaska-marijuana.html
The vote is set for August 19th, 2014
http://www.adn.com/2014/02/04/3306814/its-official-alaska-marijuana.html
The vote is set for August 19th, 2014
Farm Bill legalizes the production of industrial hemp. (POLITICS, INVESTING)
President Obama is expected to sign the bill, which legalizes hemp production for states that have already passed measures legalizing hemp. Those states are (so far) California, Colorado, Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West Virginia. In anticipation of the bill passing, the Hemp Inc. stock (ticker: HEMP) shot up to a new high, raising 418% since February 3rd.
Source:
http://www.marketwatch.com/story/victory-for-hemp-farmers-as-us-house-of-representatives-legalizes-the-cultivation-of-hemp-2014-02-03?reflink=MW_news_stmp
White House Office of National Drug Control Policy's Michael Botticelli gets taken to school by Congressional subcommittee (POLITICS)
http://www.c-span.org/video/?317590-1/MarijuanaPo
Worth a watch. There's a more condensed version floating somewhere around C-Span's website.
To summarize, congressmen on both sides feel Marijuana isn't as dangerous and addictive as Meth or Heroin, and doesn't deserve to be in the same schedule as the two.
Worth a watch. There's a more condensed version floating somewhere around C-Span's website.
To summarize, congressmen on both sides feel Marijuana isn't as dangerous and addictive as Meth or Heroin, and doesn't deserve to be in the same schedule as the two.
Tuesday, January 28, 2014
Quick updates and happenings (POLITICS)
Yesterday Florida's supreme court gave the OK on a ballot initiative that legalized marijuana for medical use via a 4-3 decision. It is set to be put to a vote in November, where if over 60% of state voters approve, the measure will be put into law. Governor Rick Scott is opposed to the measure, but he has no veto power if the public votes the measure into effect.
Further, NJ Governor Chris Christie spoke on the drug war, saying that it is "a failure". Christie has been tipped as a potential 2016 presidential candidate for the Republicans; a sign that those on both sides of the spectrum have realized that the issue of medical marijuana is a big issue now and citizens across the nation are putting pressure on their representatives both in the state capitals and in Washington.
The news sent the industry-related stocks into a high, with most crashing back down today.
In the next post, I'll start going in depth on some of the firms I've mentioned in previous posts. I'm going to start with Medical Marijuana Incorporated. I've also reached out to the group who will be running the grow lab for the dispensaries here in southern CT - Advanced Grow Labs, Inc. I'm hoping to be able to go talk with them once they start getting their operation off the ground.
Further, NJ Governor Chris Christie spoke on the drug war, saying that it is "a failure". Christie has been tipped as a potential 2016 presidential candidate for the Republicans; a sign that those on both sides of the spectrum have realized that the issue of medical marijuana is a big issue now and citizens across the nation are putting pressure on their representatives both in the state capitals and in Washington.
The news sent the industry-related stocks into a high, with most crashing back down today.
In the next post, I'll start going in depth on some of the firms I've mentioned in previous posts. I'm going to start with Medical Marijuana Incorporated. I've also reached out to the group who will be running the grow lab for the dispensaries here in southern CT - Advanced Grow Labs, Inc. I'm hoping to be able to go talk with them once they start getting their operation off the ground.
Monday, January 20, 2014
Quick updates (POLITICS)
Today President Obama spoke about marijuana reform in a New York Times article. He spoke of the need to change laws to highlight how the number of arrests due to the plant are hurting more young people in society.
Now, this (nor the news that the two teams contesting the Super Bowl are representing the largest cities in the only two states that have fully legalized the plant) piece of news shouldn't move/affect the market. In fact, most of the marijuana related stocks took a large hit today (no pun intended).
What will move markets is this:
http://somd.com/news/headlines/2014/17671.shtml
Maryland Democrats have introduced legislation, dubbed the Marijuana Control Act of 2014 in the race to become the third state to completely legalize the plant.
Now, this (nor the news that the two teams contesting the Super Bowl are representing the largest cities in the only two states that have fully legalized the plant) piece of news shouldn't move/affect the market. In fact, most of the marijuana related stocks took a large hit today (no pun intended).
What will move markets is this:
http://somd.com/news/headlines/2014/17671.shtml
Maryland Democrats have introduced legislation, dubbed the Marijuana Control Act of 2014 in the race to become the third state to completely legalize the plant.
Thursday, January 16, 2014
New Hampshire's House of Representatives votes 170-162 to legalize Marijuana (POLITICS)
While this referendum will need to be voted on again next month, and the Governor has said she'd veto it (despite being one of the biggest proponents of the state's successful medical legalization efforts in 2009), this is a huge step. If you are reading this from New Hampshire or beyond, here's the contact information for the Governor, so you can send her an email or call her office to try and pursuade her to change her mind.
Office of the Governor State House
107 North Main Street
Concord, NH 03301
(603)271-7640 (fax)
E-mail address
And in other news, while the market is down, Medical Marijuana, Inc. (MJNA) is up almost 2% so far today.
And in other news, while the market is down, Medical Marijuana, Inc. (MJNA) is up almost 2% so far today.
Another disclaimer. (INVESTING)
Just a quick note, I'm not Series 7/64 licensed, so my views on investing are meant to be taken as advice from someone who has invested on his own and is talking about what he's learned, so as to help others who find themselves in a similar position. I am not a professional money manager or investor. I am not qualified to give professional investment advice.
Just in case the SEC decides to come after me.
Just in case the SEC decides to come after me.
Wednesday, January 15, 2014
Next states to consider pro-marijuana (POLITICS)
Following on yesterday's bit on investments and how the stocks follow trends in the news (i.e recreational or legalization measures or initiatives are made public), I decided it'd be best to get a list going and update it regularly. I'll put the names of the acts, a link to their websites and whatnot when I update this post after work.
Another post will be made with regards to Hemp, as although it comes from the same plant (well, the male gender of the plant), it is completely different for a legalistic and legislative purpose.
States who are putting recreational legalization on their ballots in 2014 OR states without direct democracy who have petitioned their lawmakers to propose a bill:
(in no particular order)
~Oregon
~California
~Alaska
~New Hampshire
~Maryland
States who have passed previous legislation regarding medicinal use, and are opening dispensaries in 2014:
~New Jersey
~Connecticut
States which are considering putting medical usage on their ballots in 2014:
~Texas
~Pennsylvania
~ Alabama
~Florida
New York has recently passed, via executive order from the governor, a pilot program across 20 hospitals in the state to allow access to medical marijuana for gravely ill patients who qualify.
I'll update this list on a regular basis as to show when the due dates for ballot initiatives or petitions are, so as to better understand when the stocks will fluctuate or move.
Another post will be made with regards to Hemp, as although it comes from the same plant (well, the male gender of the plant), it is completely different for a legalistic and legislative purpose.
States who are putting recreational legalization on their ballots in 2014 OR states without direct democracy who have petitioned their lawmakers to propose a bill:
(in no particular order)
~Oregon
~California
~Alaska
~New Hampshire
~Maryland
States who have passed previous legislation regarding medicinal use, and are opening dispensaries in 2014:
~New Jersey
~Connecticut
States which are considering putting medical usage on their ballots in 2014:
~Texas
~Pennsylvania
~ Alabama
~Florida
New York has recently passed, via executive order from the governor, a pilot program across 20 hospitals in the state to allow access to medical marijuana for gravely ill patients who qualify.
I'll update this list on a regular basis as to show when the due dates for ballot initiatives or petitions are, so as to better understand when the stocks will fluctuate or move.
Tuesday, January 14, 2014
On investing in this industry. (INVESTING)
As this industry gains new ground day by day, naturally, people might desire to invest in its growth. Being a bit of an investor myself, I wanted to tell readers of my experiences, and talk a little about what investing in this industry is all about. I've developed a few rules and while they might seem fairly obvious to anyone who has invested in stocks before, they are important nonetheless.
First off, TRADE AROUND AND BEFORE NEWS. This one is important. Due to the slow nature of illegal marijuana gaining legality, publicly traded equities will shoot up whenever positive news comes about via the media. News of impending recreational or medical legalization will cause the stock to (generally) move. If you source news frequently and are politically savvy, you'll be able to generate some nice returns.
Secondly, THESE EQUITIES WILL DROP QUICKLY AFTER A SPIKE. Can't say it enough. HEMP was up something like 700% in the past few weeks, only to peak after a gain of 89% on January 9th. It dropped some 40% the next day and another 20-odd percent the next. They will continue to drop or fluctuate until another important piece of news is published. This happens with practically all marijuana and hemp related equities.
Third, and most importantly, THESE ARE PENNY STOCKS (with the exception of Medbox (MDBX)). Don't invest too much into these (although the rate of return is considerably high). I cannot stress this enough.
It's also worth noting that like with recreational marijuana prices in Colorado, the market is so young, it hasn't fully developed yet and prices have yet to normalize. This is vital.
I'll continue in the next post tagged "INVESTING" detailing the operations of the 5 major firms who operate in this space - Cannabis Science, Inc. (CBIS); Medical Marijuana, Inc. (MJNA), Growlife Technologies, Inc. (PHOT), Hemp, Inc. (HEMP), and Medbox, Inc. (MDBX).
Secondly, THESE EQUITIES WILL DROP QUICKLY AFTER A SPIKE. Can't say it enough. HEMP was up something like 700% in the past few weeks, only to peak after a gain of 89% on January 9th. It dropped some 40% the next day and another 20-odd percent the next. They will continue to drop or fluctuate until another important piece of news is published. This happens with practically all marijuana and hemp related equities.
Third, and most importantly, THESE ARE PENNY STOCKS (with the exception of Medbox (MDBX)). Don't invest too much into these (although the rate of return is considerably high). I cannot stress this enough.
It's also worth noting that like with recreational marijuana prices in Colorado, the market is so young, it hasn't fully developed yet and prices have yet to normalize. This is vital.
I'll continue in the next post tagged "INVESTING" detailing the operations of the 5 major firms who operate in this space - Cannabis Science, Inc. (CBIS); Medical Marijuana, Inc. (MJNA), Growlife Technologies, Inc. (PHOT), Hemp, Inc. (HEMP), and Medbox, Inc. (MDBX).
Intro and disclaimer
DISCLAIMER: THE AUTHOR'S OPINIONS OR VIEWS AS EXPRESSED IN ALL POSTS ARE STRICTLY HIS OWN. THE AUTHOR DOES NOT CONDONE, ADVOCATE, OR OTHERWISE PROMOTE THE USAGE OF, PURCHASE OF, SALE OF OR SIMILAR INVOLVEMENT WITH, FEDERALLY ILLEGAL SUBSTANCES.
With that being said, this blog is dedicated to monitoring the development of the Marijuana and Hemp industries within the United States. This blog will cover everything from the state-by-state recreational and medical legalization of Marijuana to the industries that arise from said legalization, to the development of the Hemp industry, and everything in between. This blog will be updated daily, and cover all angles - the political, financial, social and medical.
More to come...
With that being said, this blog is dedicated to monitoring the development of the Marijuana and Hemp industries within the United States. This blog will cover everything from the state-by-state recreational and medical legalization of Marijuana to the industries that arise from said legalization, to the development of the Hemp industry, and everything in between. This blog will be updated daily, and cover all angles - the political, financial, social and medical.
More to come...
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