Chineseinvestors.com Inc. (fka CIIX)

[sweet crude]

Buy CIIX before vote in Congress

Updated: July 12, 2017

Upcoming Congressional Vote Could Send Cannabis Stocks Rallying

(NEW YORK)--An upcoming vote in Congress could light a fire under the lagging cannabis sector that could continue well through the rest of this summer.

In May 2017, Attorney General Jeff Sessions wrote a letter to Senate Majority Leader Mitch McConnell, Speaker of the House Paul Ryan, Senate Minority Leader Charles Schumer, and House Minority Leader Nancy Pelosi asking that Congress not approve the Rohrabacher-Blumenauer amendment, which prohibits the Department of Justice from spending federal funds to prosecute states acting in accordance with their own medical cannabis laws.

The amendment, introduced by Representatives Dana Rohrabacher (R-Calf.) and Earl Blumenauer (D-Ore.), was originally passed in the House in 2014 and 2015, and has remained on the current budget through the continuing resolution, but is set to expire this September.

This legal uncertainty took a lot of air out of the red hot marijuana sector, but things may be about to catch fire again with the upcoming vote expected shortly.

In the coming weeks, before the August recess, Congress is expected to vote on the Rohrabacher-Blumenauer amendment for the Fiscal Year 2018 appropriations bill. If the Rohrabacher-Blumenauer amendment is passed within the bill traders could see a sharp rally within a select few marijuana and cannabis plays.

Based on how fully entrenched the cannabis industry is in some states, and many politicians not taking the stand of the Attorney General that marijuana is evil and as bad as heroin, the likelihood of this bill passing looks very promising.

Here are a few cannabis related stocks that could be in play shortly.

Grow Condos, Inc. (OTC:GRWC)
Amfil Technologies (OTC:AMFE)
Medical Marijuana, Inc. (OTC:MJNA)
ChineseInvestors.com (OTC:CIIX)
Real Brands, Inc (OTC:RLBD)
MassRoots, Inc. (OTC:MSRT)

http://www.wallstreetnewscast.com/cannabis/