With the legalization of Marijuana and trend continuing thoughts on Co (1 Viewer)

[uconnalum]

Bloomberg did a piece on various companies involved in the Marijuana Industry a lot of them took a beating on Friday mainly due to day traders. Currently many trading under .50 cents and volume is insane. Any FBGers dabbling in any of these companies. I am looking at MCIG, PHOT, HEMP, and CBIS.

Any input would be greatly appreciated.

 

[mquinnjr]

I don't have the knowledge/wherewithal to trade in penny stocks, and know that. But, if an ETF/mutual fund emerges bundling these types of stocks and the fees weren't too high, I'd definitely buy some of that.

 

[uconnalum]

Considering dumping 2k = 100k shares into FITX

What I Read:

FITX is an interesting wildcard play right now too. It's confirmed that they WILL be growing cannabis in Canada. Their facility is reported to be able to produce 1.3 million pounds of cannabis per year! I think that's a pretty big deal and would certainly be a huge plus when they gear up to grow in the US. The management is a question mark right now but we'll see how they handle it. They were able to secure deals with Bodybuilding.com and Amazon.com for their nutrition products so that's definitely a plus.

 

[Geezil]

I invested heavily in potato chip companies and Taco Bell.

 

[Johnny Rock]

Which companies will we look back on and go, "It's so obvious! If we had bought 100 shares of stock x back in 2014 we'd be millionaires since now most states have legalized it and the stock has split 20 times."

The first publicly chain of stores will be good. Any one-hitter or bong manufacturers? Dugouts? Papers? Buy out a newspaper and convert it to a "rolling papers" manufacturer?

 

[Wilfredo Ledezma]

Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™

 

[VA703]

invest big with roor

 

[Ted Mullins]

I am looking at MCIG,

Any input would be greatly appreciated.

FWIW, I bought one of their devices on their first run of production and it stopped working after 5-6 uses and they have not sent me the replacement yet.

 

[Wilfredo Ledezma]

I am looking at MCIG,

Any input would be greatly appreciated.

FWIW, I bought one of their devices on their first run of production and it stopped working after 5-6 uses and they have not sent me the replacement yet.

SELL MORTIMER SELL!

 

[Banger]

I work very closely with some of the biggest market makers in that space and it's a risky/dangerous game. The volume and price moves has been off the charts the past couple weeks.

 

[Jobber]

Which companies will we look back on and go, "It's so obvious! If we had bought 100 shares of stock x back in 2014 we'd be millionaires since now most states have legalized it and the stock has split 20 times."

I'm interested as well. Basically, there are a lot of old timers out there who'd never even think to invest in this dangerous druggie weed stuff. And a lot of people still proabably doubt this will be legal and very popular nationwide within a few years.

 

[optionmaven]

Was flipping through a news feed at thinkorswim and ran across this. Article Came out 2 weeks ago. In case it wasn't posted anywhere. A super weed with psychodelic properties where you continue to get higher the more you smoke as opposed to topping out.

Cannabis Sativa inc. Signs Purchase Agreement for Patent Pending Hybrid Marijuana Strain CTA and Option to Acquire KUSH for $1 Million7:31a ET January 2, 2014 (GlobeNewswire)

Cannabis Sativa, Inc. (OTCBB:CBDS) announced today that on January 1, 2014, it has signed an agreement to purchase a patent pending for a new, super potent medicinal cannabis strain. The agreement also provides CBDS with an option to purchase KUSH, Inc., the owner of the patent pending, for an additional $1 million. The strain, called CTA, has been under review by the US Patent Office since April 30, 2010, and is expected to be issued a patent soon.

"We are very pleased to announce our acquisition of what we believe will be the world's first patented cannabis plant," said Cannabis Sativa, Inc. President David Tobias. "In addition, we are equally pleased to announce that we have signed cannabis legend Steve Kubby to head up CBDS as our CEO. Mr. Kubby has appeared on the cover of the Wall Street Journal and was one of the first people to launch a publicly traded cannabis company. He also played a key role in raising the money to put Prop. 215, California's historic 1996 medical marijuana voter initiative, on the ballot. He is a pioneer and respected leader in the cannabis community and brings a wealth of experience and contacts to CBDS."

CBDS said that they also intend to purchase Kubby's company, KUSH. "We are anxious to sign the KUSH management team, which included cannabis expert Ed Rosenthal, former New Mexico Governor Gary Johnson and former US Senator Mike Gravel. Our goal is to create a company that has world class management and credibility, as well as solid business fundamentals and revenue," said Tobias. "This contract, a Memorandum of Binding Agreement and Joint Venture, is an indicator of the company's strategy following the new name and symbol. The legal recreational marijuana sales happening now in Colorado show that change can and will come as voters see fit, and the market follows suit. CBDS is positioned well to be a part of that expanding market with potentially the most prominent and seasoned industry insider for CEO in Steve Kubby, and quality entry products like Wild Earth Naturals skin care and pain management line, and now possibly the first patented marijuana strain, CTA, KUSH, Inc. and its dream team."

"The CTA strain is extremely potent because it uses an entirely new Sativa stain from Ecuador to serve as the base for the hybrid, which has resulted in psychoactive properties that are described as a "ceiling-less high." "So the more you smoke, the higher you get, right up to psychedelic levels," said Kubby.

Kubby said he agreed to the deal in part because of the people involved with CBDS. "This company is comprised of seasoned veterans who have a long list of accomplishments and experience with publicly traded companies. Together with our team from KUSH, we will create a company that offers solid investment opportunities to its investors."

 

[optionmaven]

I don't have the knowledge/wherewithal to trade in penny stocks, and know that. But, if an ETF/mutual fund emerges bundling these types of stocks and the fees weren't too high, I'd definitely buy some of that.

Theres a company that is trying to do this exact thing. MNTR.



Mentor Capital Cannabis Index Up 325% in First Three Weeks of 2014
11:25a ET January 22, 2014 (Business Wire)

Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index appreciated 325% during the first three weeks of 2014. The overall positive and profitable experience for marijuana based businesses and taxing authorities alike is thought to be a key driver in this sector-wide advance.

Mentor Capital +561%, Greengro Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD period.

The Cannabis Index combined market capitalization was $3.0 Billion which may be benchmarked against the illegal cannabis market of $50 Billion in the USA. GW Pharmaceuticals (NASDAQ:GWPH) $760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM comprise 60.7% of that overall capitalization.

The combined total reported cash held by the twenty-three Cannabis Index member companies was $65.6 Million. This did not include short-term investments nor the Mentor Capital approved capital structure that would generate an additional $140 Million for acquisition and funding in the medical marijuana and cannabis space.

Mentor Capital, Inc. created the Cannabis Index January 1, 2014 and has or will soon hold an investment or maintain a tracking position in all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds from the $140 Million in Mentor warrants that are expected to be exercised, are earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company investment focus of Mentor Capital, it is itself included in the Cannabis Index.

Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140122006044r1&sid=cmtx6&distro=nx

SOURCE: Mentor Capital, Inc.

 

[optionmaven]

I don't have the knowledge/wherewithal to trade in penny stocks, and know that. But, if an ETF/mutual fund emerges bundling these types of stocks and the fees weren't too high, I'd definitely buy some of that.

Theres a company that is trying to do this exact thing. MNTR.



Mentor Capital Cannabis Index Up 325% in First Three Weeks of 2014
11:25a ET January 22, 2014 (Business Wire)

Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index appreciated 325% during the first three weeks of 2014. The overall positive and profitable experience for marijuana based businesses and taxing authorities alike is thought to be a key driver in this sector-wide advance.

Mentor Capital +561%, Greengro Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD period.

The Cannabis Index combined market capitalization was $3.0 Billion which may be benchmarked against the illegal cannabis market of $50 Billion in the USA. GW Pharmaceuticals (NASDAQ:GWPH) $760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM comprise 60.7% of that overall capitalization.

The combined total reported cash held by the twenty-three Cannabis Index member companies was $65.6 Million. This did not include short-term investments nor the Mentor Capital approved capital structure that would generate an additional $140 Million for acquisition and funding in the medical marijuana and cannabis space.

Mentor Capital, Inc. created the Cannabis Index January 1, 2014 and has or will soon hold an investment or maintain a tracking position in all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds from the $140 Million in Mentor warrants that are expected to be exercised, are earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company investment focus of Mentor Capital, it is itself included in the Cannabis Index.

Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140122006044r1&sid=cmtx6&distro=nx

SOURCE: Mentor Capital, Inc.

On a sour#### of a day in the market, these numbers look awesome. MNTR 1.85. +.43. +30%.

 

[siffoin]

Sell me this G-Pen.

 

[Ilov80s]

Jesus, we are going to ruin weed.

 

[Parrothead]

open a Pop Tart stand

 

[Bobcat10]

open a Pop Tart stand

With a new line called Pot Tarts

 

[JohnW1970]

I have 1500 shares of MJNA and also a little over 30k shares of NVLX. I have high hopes for NVLX since they are into cancer and diabetes research with things other than marijuana, which they are using in medical research as well. Both of these stocks have been doing well lately.

 

[optionmaven]

I don't have the knowledge/wherewithal to trade in penny stocks, and know that. But, if an ETF/mutual fund emerges bundling these types of stocks and the fees weren't too high, I'd definitely buy some of that.

Theres a company that is trying to do this exact thing. MNTR.



Mentor Capital Cannabis Index Up 325% in First Three Weeks of 2014
11:25a ET January 22, 2014 (Business Wire)

Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index appreciated 325% during the first three weeks of 2014. The overall positive and profitable experience for marijuana based businesses and taxing authorities alike is thought to be a key driver in this sector-wide advance.

Mentor Capital +561%, Greengro Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD period.

The Cannabis Index combined market capitalization was $3.0 Billion which may be benchmarked against the illegal cannabis market of $50 Billion in the USA. GW Pharmaceuticals (NASDAQ:GWPH) $760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM comprise 60.7% of that overall capitalization.

The combined total reported cash held by the twenty-three Cannabis Index member companies was $65.6 Million. This did not include short-term investments nor the Mentor Capital approved capital structure that would generate an additional $140 Million for acquisition and funding in the medical marijuana and cannabis space.

Mentor Capital, Inc. created the Cannabis Index January 1, 2014 and has or will soon hold an investment or maintain a tracking position in all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds from the $140 Million in Mentor warrants that are expected to be exercised, are earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company investment focus of Mentor Capital, it is itself included in the Cannabis Index.

Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140122006044r1&sid=cmtx6&distro=nx

SOURCE: Mentor Capital, Inc.

On a sour#### of a day in the market, these numbers look awesome. MNTR 1.85. +.43. +30%.

On a sour#### of a day in the market, these numbers look awesome. MNTR 2.50 +.56 +28%.

GRNH also up modestly today but alot of those other names are getting taken to the woodshed.

 

[optionmaven]

Earlier news from MNTR.

Mentor Capital agrees to 2M Backing for Cannabis Advocacy Business

8:30a ET January 27, 2014 (Business Wire)

Mentor Capital, Inc. (OTC Markets: MNTR) announced that it has agreed to provide $2 Million in funding for The Cannabis Advocacy Machine. Mentor Capital CEO, Chester Billingsley, explains that behind any political initiative there is a commercial enterprise in the business of developing data and statistics, directing advertisement, and maintaining proprietary software systems. The Cannabis Advocacy Machine, a division of The Machine Corporation, is providing Moneyball-like direction and support that is key to that process for the legalization of cannabis across the country. "Signing a letter of intent for 20% of The Machine Corporation under the nationally experienced leadership of the first tier team with Joe Brezny, aims to accelerate the legislative initiatives critical to the lifting of marijuana prohibition, in what may be a surprisingly profitable manner."

CEO, Joe Brezny adds, "We are extremely pleased to be receiving expansion funding from Mentor Capital. We retain complete operating control and our agreement allows us to participate in a majority of the public market value increase that our profits generate." The Mentor Capital website outlines the company plan to provide $140 Million to leading cannabis brands, helping develop them into all-American businesses. Mr. Brezny concludes, "Our goal is to expand our data-driven solutions for legalizing cannabis nationwide, and Mr. Billingsley's square corner approach appeals to me. He is trying to back solid founders with solid cannabis businesses and I'm happy to join in and help."

About Mentor Capital: By acquisition or stock purchase, Mentor Capital, Inc. seeks to invest in leading cannabis companies. Additional important information is presented at: www.MentorCapital.com

Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.

Give us, us Weed!

 

[mquinnjr]

I don't have the knowledge/wherewithal to trade in penny stocks, and know that. But, if an ETF/mutual fund emerges bundling these types of stocks and the fees weren't too high, I'd definitely buy some of that.

Theres a company that is trying to do this exact thing. MNTR.



Mentor Capital Cannabis Index Up 325% in First Three Weeks of 2014
11:25a ET January 22, 2014 (Business Wire)

Mentor Capital, Inc. (OTCMKTS:MNTR) reports that its proprietary Cannabis Index appreciated 325% during the first three weeks of 2014. The overall positive and profitable experience for marijuana based businesses and taxing authorities alike is thought to be a key driver in this sector-wide advance.

Mentor Capital +561%, Greengro Technologies (OTCMKTS:GRNH) +832%, Cannabis Sativa (OTCMKTS:CBDS) +1240%, and Tranzbyte Corp (OTCMKTS:ERBB) +2541% led the cannabis sector in gains during the 2014 YTD period.

The Cannabis Index combined market capitalization was $3.0 Billion which may be benchmarked against the illegal cannabis market of $50 Billion in the USA. GW Pharmaceuticals (NASDAQ:GWPH) $760MM, Medbox (OTCMKTS:MDBX) $554MM, and Cannavest (OTCMKTS:CANV) $528MM comprise 60.7% of that overall capitalization.

The combined total reported cash held by the twenty-three Cannabis Index member companies was $65.6 Million. This did not include short-term investments nor the Mentor Capital approved capital structure that would generate an additional $140 Million for acquisition and funding in the medical marijuana and cannabis space.

Mentor Capital, Inc. created the Cannabis Index January 1, 2014 and has or will soon hold an investment or maintain a tracking position in all companies in the Cannabis Index which can be found at www.MentorCapital.com. Importantly, 90% or more of the proceeds from the $140 Million in Mentor warrants that are expected to be exercised, are earmarked for investment in private cannabis and MMJ companies. Because of the predominant private company investment focus of Mentor Capital, it is itself included in the Cannabis Index.

Forward Looking Statements, Safe Harbor and Risk Descriptions are Incorporated by Reference from the MNTR Company Web Site above.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140122006044r1&sid=cmtx6&distro=nx

SOURCE: Mentor Capital, Inc.

On a sour#### of a day in the market, these numbers look awesome. MNTR 1.85. +.43. +30%.

On a sour#### of a day in the market, these numbers look awesome. MNTR 2.50 +.56 +28%.

GRNH also up modestly today but alot of those other names are getting taken to the woodshed.

Thanks maven, definitely adding this to my watchlist.

I buy ETF's/mutual funds in bunches, and tax refund/bonus season is when I do. Might add this for a bit to the Roth IRA.

 

[MikeIke]

PM eminence for advice

 

[optionmaven]

Just wanted to give a heed of warning on these, although I am very bullish. The price of these stocks means they are going to be manipulated by day traders quite often. Expect volatility. We are also dealing with an unknown commodity with this whole sector. Not enough information about alot of these companies. I guess what I'm trying to say is proceed with caution, use non discretionary money, and do some homework when you can. There is money to be made here. Alot of these companies will turn out to be scams in the end. I don't think thats the case with GRNH and MNTR though. Greengro has alot of things going for them that i like, and are diversified(organic food, farm raised fish). Thats in addition to their growing techniques, lighting systems, etc.

 

[Banger]

Just wanted to give a heed of warning on these, although I am very bullish. The price of these stocks means they are going to be manipulated by day traders quite often. Expect volatility. We are also dealing with an unknown commodity with this whole sector. Not enough information about alot of these companies. I guess what I'm trying to say is proceed with caution, use non discretionary money, and do some homework when you can. There is money to be made here. Alot of these companies will turn out to be scams in the end. I don't think thats the case with GRNH and MNTR though. Greengro has alot of things going for them that i like, and are diversified(organic food, farm raised fish). Thats in addition to their growing techniques, lighting systems, etc.

certainly don't invest money you need in these names as it's the wild west....

 

[Johnny Rock]

As one of the Fiduciaries for the company 401k would it be considered negligent or progressive if I was to suggest adding the index fund to our lineup? I doubt it meets criteria but I may look into it.

 

[optionmaven]

As one of the Fiduciaries for the company 401k would it be considered negligent or progressive if I was to suggest adding the index fund to our lineup? I doubt it meets criteria but I may look into it.

i Doubt it meets criteria because of its dollar value, and besides that, they are not officially an etf. It seems like they are trying to be the first on the block though.

 

[JohnW1970]

MJNA up 29% today

NVLX up over 14% today

Both of these have been quite volatile for the 10 to 12 months I have owned them.

 

[optionmaven]

Mentor Capital (MNTR) dove under 2 bucks a share and I bought 500 more at 1.90. I was going to wait for a 1.50 but not sure it will sink that much. If it does, I'll throw more money down. Greengro Tech (GRNH) had some good news today and made a nice move with it under heavy volume.

 

[General Malaise]

I bought Green Grow for kicks and giggles and have lost about half my investment. But I'm staying with it for the hell of it. The volume is absolutely nuts on this thing. I'll probably sell it the second I get back to par, but I'm putting the odds on that to slim to none.

I got a prospectus/presentation for one of these companies. The page about the management team was one of the funniest things I've ever seen. One of their 'Executive Scientists' was shadowed out like some spy from the X-Files.

 

[optionmaven]

I bought Green Grow for kicks and giggles and have lost about half my investment. But I'm staying with it for the hell of it. The volume is absolutely nuts on this thing. I'll probably sell it the second I get back to par, but I'm putting the odds on that to slim to none.

I got a prospectus/presentation for one of these companies. The page about the management team was one of the funniest things I've ever seen. One of their 'Executive Scientists' was shadowed out like some spy from the X-Files.

Sorry I got you into GRNH at a high point. My first buy I think was at .60 and i'm thinking you got in at .80 or higher. I'm cost averaged down to .48 and slightly in the money at the moment(consolidated at .40-.42) Glad you are staying with it. I can't guarantee a winner, but I like our chances with this one over the long haul and think it can be very, very, profitable . MNTR too.

 

[Guest]

I may have to throw 1 to 2 racks into this just for fun. I would welcome any suggestions.

 

[optionmaven]

I may have to throw 1 to 2 racks into this just for fun. I would welcome any suggestions.

MNTR. Wait and see if you can get a discount though. I might sell the 500 shares i picked up two days ago if it catches 2.90 today and take the quick money. Holding another 1000 shares that i originally bought and not selling anytime soon.


$2.83

0.575 (25.50%) Bid2.76
Ask2.83
B/A Size500x500
High2.85
Low2.25
Volume155,844 (Heavy)
As of February 6, 2014 12:19pm ET

 

[optionmaven]

Okay, so i go to the gym and get my hour work out in and I come home to this. MNTR 3.52. Crazy!!! Congrats to anyone else who bought. Regretting I didn't buy more. sheeeeesh.

edit: 5 minutes later the bid is 3.65 and ask 3.68.

 

[General Malaise]

I bought Green Grow for kicks and giggles and have lost about half my investment. But I'm staying with it for the hell of it. The volume is absolutely nuts on this thing. I'll probably sell it the second I get back to par, but I'm putting the odds on that to slim to none.

I got a prospectus/presentation for one of these companies. The page about the management team was one of the funniest things I've ever seen. One of their 'Executive Scientists' was shadowed out like some spy from the X-Files.

Sorry I got you into GRNH at a high point. My first buy I think was at .60 and i'm thinking you got in at .80 or higher. I'm cost averaged down to .48 and slightly in the money at the moment(consolidated at .40-.42) Glad you are staying with it. I can't guarantee a winner, but I like our chances with this one over the long haul and think it can be very, very, profitable . MNTR too.

Bah, I bought 1,000 shares. Won't make or break me either way, but just wanted some pot stocks in my portfolio. Fun to watch this thing, though I still have no idea whether or not it's a real business with earnings potential.

You see the volume on HEMP? Jesus....

 

[optionmaven]

gonna hit 4 any moment now

edit: hit 3.89 and the shorts came in to make a stand.

 

[Aaron Rudnicki]

You can edit titles, btw.

 

[optionmaven]

I bought Green Grow for kicks and giggles and have lost about half my investment. But I'm staying with it for the hell of it. The volume is absolutely nuts on this thing. I'll probably sell it the second I get back to par, but I'm putting the odds on that to slim to none.

I got a prospectus/presentation for one of these companies. The page about the management team was one of the funniest things I've ever seen. One of their 'Executive Scientists' was shadowed out like some spy from the X-Files.

Sorry I got you into GRNH at a high point. My first buy I think was at .60 and i'm thinking you got in at .80 or higher. I'm cost averaged down to .48 and slightly in the money at the moment(consolidated at .40-.42) Glad you are staying with it. I can't guarantee a winner, but I like our chances with this one over the long haul and think it can be very, very, profitable . MNTR too.

Bah, I bought 1,000 shares. Won't make or break me either way, but just wanted some pot stocks in my portfolio. Fun to watch this thing, though I still have no idea whether or not it's a real business with earnings potential.

You see the volume on HEMP? Jesus....

The volatiliy is exhilarating.

I assure you GRNH is real. They had locked up a deal with Arizona for medical mj. I think you have to be a real company to actually do business like that. They locked in a management team for their BP Gardens project. I see good potential for a grand slam here at some point.

 

[optionmaven]

I bought Green Grow for kicks and giggles and have lost about half my investment. But I'm staying with it for the hell of it. The volume is absolutely nuts on this thing. I'll probably sell it the second I get back to par, but I'm putting the odds on that to slim to none.

I got a prospectus/presentation for one of these companies. The page about the management team was one of the funniest things I've ever seen. One of their 'Executive Scientists' was shadowed out like some spy from the X-Files.

Sorry I got you into GRNH at a high point. My first buy I think was at .60 and i'm thinking you got in at .80 or higher. I'm cost averaged down to .48 and slightly in the money at the moment(consolidated at .40-.42) Glad you are staying with it. I can't guarantee a winner, but I like our chances with this one over the long haul and think it can be very, very, profitable . MNTR too.

Bah, I bought 1,000 shares. Won't make or break me either way, but just wanted some pot stocks in my portfolio. Fun to watch this thing, though I still have no idea whether or not it's a real business with earnings potential.

You see the volume on HEMP? Jesus....

This was a news release from Hemp yesterday.

HEMP Inc. Declares Victory for the American Industrial Hemp Revolution5:00a ET February 6, 2014 (GlobeNewswire)

Hemp, Inc. (OTC:HEMP) declared victory for the industrial hemp industry this week with a provision in the Farm Bill that legalized industrial hemp cultivation pilot programs. After passing through the U.S. House of Representatives on Wednesday, January 29, 2014, the U.S. Senate then followed and passed the Farm Bill on Tuesday, February 4, 2014 in a 68-32 vote, with the hemp amendment intact. The nearly 1,000-page omnibus Farm Bill is expected to be signed off by President Obama on Friday, February 7, 2014 at Michigan State University.

Laws on industrial hemp, medical marijuana and recreational marijuana are becoming more lax nationwide. Industry analysts say it's been a long haul, especially for industrial hemp. Lawmakers who support industrial hemp cultivation saw an opportunity and pushed the provision that allows colleges and state agencies to grow and conduct research on the crop in states where it is legal. "What has been so stunning is how long it has taken," says Sarah Binder, an expert on Congress at the Brookings Institution. Senator Mitch McConnell, who worked to retain and strengthen the provision, was the lead negotiator in getting hemp included on the Farm Bill was quoted, "We are laying the groundwork for a new commodity market..."

Full legalization, according to hemp activists and supporters, could create a vibrant new industry. According to first all-hemp public company in this sector, Hemp, Inc. (OTC:HEMP), there are more Americans discovering the benefits of hemp due to the consistent dissemination of information educating them. From healthy food and body care products, as well as eco-friendly textiles, clothing, auto parts, and building materials, the industry is expanding. Retail sales of those goods reached nearly $500 million in 2012, according to the Hemp Industries Association. Until now, outdated and misguided Federal policy created in the 1930s prevented U.S. farmers from growing a nutritious, versatile and eco-friendly crop that has been inherent to US soil for decades.

Bruce Perlowin, CEO of Hemp, Inc. said, "These are monumental steps for our industry, or shall I say 'movement'. And it's beginning to unfold fast because people are finally beginning to understand that this will finally unlock a clean 'American Industrial Revolution' that will not only be economically sound, but environmentally advantageous for everyone." Soon, Hemp, Inc. (OTC:HEMP) will not have to import their hemp fabrics, hemp seeds, hemp hearts and hemp hurd for their hemp products.

"We look forward to the day we can grow our commercial industrial hemp crop in the United States," said Hemp, Inc. CEO, Bruce Perlowin. Hemp, Inc. (OTC:HEMP) has been growing industrial hemp in Northwest China during 2013 and cultivating 108 acres with joint venture partner, The Yasheng Group.

Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP), and one of the most publicly known figures in the industry, apparently has it all covered. "We are in the midst of another industry spike. This is history in the making. This year alone, the industry has traded billions of shares that are translating into millions of dollars daily. This clearly indicates to the investment community that this industry is here to stay and that they want in at the beginning of this explosive industry."

 

[optionmaven]

You can edit titles, btw.

I didn't start thread but I seem to be taking it over.

Can I still change it to something else?

 

[Aaron Rudnicki]

You can edit titles, btw.

I didn't start thread but I seem to be taking it over.

Can I still change it to something else?

I'm still trying to figure out what the title is.

With the legalization of Marijuana and trend continuing thoughts on Co________________________?

 

[Guest]

I did end up buying some MNTR and GRNH.

Just play money. Going to see where this goes.

 

[Guest]

Oh, I wouldn't mind other suggestions for a MJ related stock. Not a huge $ amount, just something I can put $500 or so into.

 

[JohnW1970]

I still like NVLX, they aren't a pure marijuana company. Medical research, going into stage 3 clinical trials this year for a pancreatic cancer treatment. They signed a deal for 27 million worth of funding today.

 

[Guest]

I still like NVLX, they aren't a pure marijuana company. Medical research, going into stage 3 clinical trials this year for a pancreatic cancer treatment. They signed a deal for 27 million worth of funding today.

Interesting. They are at their 52w high right now. Not sure if that is good or bad.

 

[JohnW1970]

Yeah I bought mine starting a year ago when it was .09. Have a little over 30k shares now average is .165. I plan on holding it for the long haul.

 

[Banger]

I still like NVLX, they aren't a pure marijuana company. Medical research, going into stage 3 clinical trials this year for a pancreatic cancer treatment. They signed a deal for 27 million worth of funding today.

Interesting. They are at their 52w high right now. Not sure if that is good or bad.

My firm is one of the biggest traders of these stocks. Many of these companies are worthless. Tons of hysteria in these names and the volume is through the roof. Don't gamble, I mean invest, money you can't lose.

 

[Guest]

I still like NVLX, they aren't a pure marijuana company. Medical research, going into stage 3 clinical trials this year for a pancreatic cancer treatment. They signed a deal for 27 million worth of funding today.

Interesting. They are at their 52w high right now. Not sure if that is good or bad.

My firm is one of the biggest traders of these stocks. Many of these companies are worthless. Tons of hysteria in these names and the volume is through the roof. Don't gamble, I mean invest, money you can't lose.

Thanks for the wise advise. I'm not Em. If the small amount I have invested in these stocks is gone tomorrow, I will say "damn", but will be "meh" after a week.

 

[Eminence]

I still like NVLX, they aren't a pure marijuana company. Medical research, going into stage 3 clinical trials this year for a pancreatic cancer treatment. They signed a deal for 27 million worth of funding today.

Interesting. They are at their 52w high right now. Not sure if that is good or bad.

My firm is one of the biggest traders of these stocks. Many of these companies are worthless. Tons of hysteria in these names and the volume is through the roof. Don't gamble, I mean invest, money you can't lose.

Thanks for the wise advise. I'm not Em. If the small amount I have invested in these stocks is gone tomorrow, I will say "damn", but will be "meh" after a week.

You're right, you're not a shark.

 

[Apple Jack]

http://myfox8.com/2014/02/21/girl-scout-sells-117-boxes-of-cookies-in-two-hours-outside-marijuana-clinic/