Monday, October 06, 2014 10:41:25 AM
mj legalization has been changing. starting with mmj than states based legalized mj n eventually/hopefully to federal legalization.
i disagree with you in that i do not see federal legalization as the beginning of the 3rd craze. i see that as the beginning of the first blue chip phase n the end of the mj penny phases.
this is so, bcz fubdamentally the markets are about raising capital--through stocks or bonds. the penny market plays a couple of different roles in heloing companies to raise funds. for fallen angels, it is a last resort. for some, the penny space, sadly, is a vehicle for manipulation. n for others it is the only access to outside capital. mj stocks, fundamentally speaking only, falls into the third category.
like any emerging sector, there will be thousands of mj companies. eventually there will be a few big players in each niche of the sector. most of the big players will buy out others in the space and/or will be putchased by the established players in the tobacco n alcohol spaces when mj is federally legalized (kicking off the blue chip phase).
all of this is IMO only
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