What's It Gonna Take?
Earnings
Most of these MJ plays are barely in the inception stage and some like ERBB, SKTO, or LATF need proof of concept (vending machines, online MJ delivery services, and MMJ services respectively). Other companies like PHOT have real products that have existed for some time but their earnings need to reflect all the hype.
Institutional Investment / Venture Capital
ArcView and High Times fund bring a lot to the table but they can really only offer a liquidity injection. Goldman, Merrill and JP could bring hundreds of billions into the market.
Federal Reform / Rescheduling
Prohibition within the states is toppling like dominoes. There's no denying the success in Colorado. The tax revenues, new employment opportunity (therefore new income tax revs), revitalization of real estate....there's a lot at play for local communities. Rescheduling cannabis is not an if but a when. The federal government needs to get on board here and stop letting the tail wag the dog.
2014 Mid Term Elections
13 states have some form of legalization on their ballots. That would bring the total to 35. There's no doubt in my mind that cannabis will be a political talking point for elections. It probably won't be until 2016 it really heats up but 2014 should bring the issue to the national stage.
That is the four horsemen of the MJ market.
"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley
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