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CNBC: US Cannabis laws reaching a tipping point ...
https://www.cnbc.com/2018/04/19/how-legal-weed-reached-a-tipping-point-in-time-for-4-point-20.html
Top Democratic Senate Leader Chuck Schumer of New York announces he will soon introduce a bill to remove marijuana from the Controlled Substances Act" ...
https://www.forbes.com/sites/tomangell/2018/04/19/top-senate-democrat-pushes-bill-to-end-marijuana-prohibition/#353c1b766051
Former House Speaker John Boehner talks Pot legalization ...
Reading the political tea-leaves, it's becoming increasingly clear that the US Federal Govt is quickly focusing in on a HEMP/MEDICINAL strategy;
* April 17, 2018;
Hemp Farming Act A Game Changer ...
https://www.agprofessional.com/article/hemp-farming-act-game-changer
* April 13, 2018;
Senate fast-tracks bill legalizing hemp as agriculture product ...
http://thehill.com/blogs/floor-action/senate/383459-senate-fast-tracks-bill-legalizing-hemp-as-agriculture-product
* April 13, 2018;
Trump, Gardner strike deal on legalized marijuana, ending standoff over Justice nominees ...
https://www.washingtonpost.com/politics/trump-gardner-strike-deal-on-legalized-marijuana-ending-standoff-over-justice-nominees/2018/04/13/2ac3b35a-3f3a-11e8-912d-16c9e9b37800_story.html?utm_term=.e324634a5ee2
* April 12, 2018;
Senators Introduce Bipartisan Bill to Legalize Hemp ...
https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=12F5118F-E2E4-4D42-9DB9-51A946823997
* April 11, 2018;
John Boehner’s Marijuana Reversal:‘My Thinking on Cannabis Has Evolved’ ...
https://www.nytimes.com/2018/04/11/us/politics/boehner-cannabis-marijuana.html
* April 11, 2018;
Former House Speaker John Boehner joins Cannabis board ...
https://www.cnn.com/2018/04/11/politics/boehner-cannabis-company-board/index.html
March 26, 2018;
Senator McConnell and Commissioner Quarles Announce Hemp Legislation ...
https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=92CD9FA7-C278-4332-B187-745C15F35EFC
Big pull back in share prices this morning primarily due to the Sessions/DOJ news ... if you were an early profit taker and locked in profits over the past couple days after the big run up to Calif. legalization, you obviously did ok.
Going forward, I'd stay in cash until the dust settles ... then wait until chart action clears up and provides a clearer picture for actionable opportunities.
Canadian Pot Stocks going thru the roof;
* ACB;
- Now at a $6.2 Billion market cap.
https://web.tmxmoney.com/quote.php?locale=en&qm_symbol=ACB
* APH;
- Now at a $3.2 Billion market cap.
https://web.tmxmoney.com/quote.php?qm_symbol=aph
* WEED;
- Now at a $6.6 Billion market cap.
https://web.tmxmoney.com/quote.php?qm_symbol=weed
California Pot Stocks priced at aprox. 1/10th (or less) than their CDN counterparts.
I am in a Calif City which has outright banned it from being sold. Med or Recreation, no matter. There is a City Council meeting with public debate tonight.. I will pop some corn and watch it on TV. They raided every dispensary in town and hauled off 600 lbs of pot and 300 lbs of editable THC. This POT business is going to make the early adopters a lot of money. If they live within the Liberal Counties, and Cities they are good to go. . Otherwise it will be a nightmare...
Video showing massive line-up of people waiting to get into Calif. dispensary;
2018 Pot industry catalysts ... this link contains one of the best summaries of the catalysts coming down the pike for the MJ industry in 2018;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=137320360
There are now 6 pot ETF's filed ... a tidal-wave of money coming into the pot sector in 2018;
https://www.bloomberg.com/news/articles/2017-12-29/marijuana-stock-bulls-send-horizons-etf-into-2018-on-a-high-note
Ya ... it's going to take a little while b4 enough permits are issued so there's a pot store on every corner.
In Calif there will continue to be a very robust black market for Pot. It will be cheaper and it will be be untaxed. Everyone we know grows their own and some have min 100 plants hidden away on their remote property. City Peeps with good salaries such as NYC and San Francisco will always pay up but not your average person. JMHO
Here's how I see this Calif. Pot Stock thing playing out;
(1.) Strong investor capital inflows for Q1 2018
(2.) Investors will look hard for clues in the Q1 reports
(3.) Q1 results will provide clues as to which companies are executing and showing high probability paths to strong growth - these co's will continue to see strong capital inflows going into Q2 ... while the scam companies that have no real business plans and are just selling shares will struggle.
(4.) Operating in a legal market within the 6th largest economy in the world will make a significant impact to the bottom lines of select companies (those that are properly positioned & execute) - and it'll take nearly a couple years b4 they reach near full valuations (similar to the CDN pot co's) ... while the scam companies that are just in the business of selling shares will disappear.
A couple things that are really important to understand is;
(A.) The California economy alone is the 6th largest economy in the entire world - the Calif. economy alone is bigger than the entire economy of Canada.
(B.) Even though the California economy is the 6th largest economy in the world, California is not a big region (so it has economies of scale) ... IE: Calif. is not spread over a huge region the size of Russia making it inefficient for large scale business
(C.) The illegal pot business in Calif. is already worth multi-Billions per year ... once it goes legal in a few days, those Billions in illegal transactions will begin a fast transfer into the hands of legal companies ... in other words, a massive mutli-billion dollar market already exists - it's wealth is just going to be transferred into different/legal hands.
Hi silver thanks for your effort are we going to see golden January for pot stocks in California?
CBS News; California ready to go Green...
https://www.cbsnews.com/news/california-recreational-marijuana-legalization-in-2018/
Blooomberg coverage -- Pot Stocks Soar as California Gets Ready to Get High ...
https://www.bloomberg.com/news/articles/2017-12-27/pot-firms-steal-the-spotlight-as-california-prepares-to-get-high
Catalyst for California pot shortages;
The California wildfires this year have destroyed numerous pot crops as can be seen here
It appears the Cali pot stocks may be in the very early stages of out-performing the CDN pot stocks on a percentage basis.
The Bitcoin crash might be a big pre-catalyst for the California pot stocks.
Bitcoin & Blockchain stocks over the past couple/few weeks in particular have seen huge inflows of fast money ... bidding some of the bitcoin/blockchain stocks up over 100% in a single day ... but now that Bitcoin is under-going a major correction, the smart hot money in that sector is already on the sidelines or short ... this sidelined money will be looking for the next hot sector to deploy too ...
http://www.zerohedge.com/news/2017-12-21/crypto-carnage-continues-bitcoin-down-5000-record-highs-schiff-says-mark-it-zero
New Cali pot stock article on Zerohedge;
http://www.zerohedge.com/news/2017-12-21/7-reasons-why-us-canabis-industry-about-be-rocked
Alert: Cali pot stocks beginning to move ... volume and price appreciation on an uptrend in several cali pot stocks.
The inflow could be a combo of 2 things;
(1) Cali legalization date fast approaching.
(2) With Bitcoin taking a beating (from $20k to $15k) over the past few days; it's possible some of the hot money crowd will rotate out of bitcoin & blockchain plays and be looking for new sector momentum plays.
WOFA setting up to be a huge player in Cali with Lifestyle delivery solutions
From Forbes.com; Sessions: Obama Marijuana Policy Remains In Effect ...
Obama-era guidance that allows states to legalize marijuana without federal interference remains in effect, U.S. Attorney General Jeff Sessions said on Tuesday during a congressional hearing....
https://www.forbes.com/sites/tomangell/2017/11/14/sessions-obama-marijuana-policy-remains-in-effect/#56396ba3318e
Found this on twitter regarding the upcoming California Pot Stock conference on Dec 8 ...
https://pro.moneymappress.com/p/NVXCAWDWB39MMP/ENVXTC77/
Major news in the Canadian pot market today ... APH just signed a supply deal with Shoppers Drug Mart ...
https://web.tmxmoney.com/article.php?newsid=7630062438923204&qm_symbol=APH
APH now has a market cap of over $2 billion ...
TRTC's improving fundamentals appear to be suffering the symptoms described in this article;
https://www.fool.com/investing/2017/11/24/marijuana-stocks-are-destroying-shareholder-value.aspx
A California pot stock that would appear to have alot of potential seems to be TRTC ... it's financial results appear to be improving across the board;
http://www.otcmarkets.com/stock/TRTC/news/Terra-Tech-Corp--Reports-Financial-Results-for-the-Third-Quarter-of-2017?id=174863&b=y
... however, there appears to be problems with the stock ... the CMF indicator shows that the stock is being dumped or shorted (or both) even though fundamentals appear to be improving ...
The chart on Vape Holdings making moves ... based out of Agoura Hills, California ... the daily chart is running hot ... but the weekly chart tends to indicate the run may be in it's earlier stages, as CMF indicator showing just in early stages of a net positive accumulation trend ... if it clears the low .03's and then gets constructive news from the co, this thing could really be off to the races as the Vapour sector is already running hot.
WEEKLY CHART;
I just found out on Twitter theres some type of a California Pot Stock conference late next week (on Dec 8/Friday) ...
http://www.cannabiscashclock.com
Jeff Sessions May Be 6 Days From Declaring War on the Marijuana Industry ...
https://finance.yahoo.com/news/jeff-sessions-may-6-days-164100339.html
https://www.fool.com/investing/2017/12/02/jeff-sessions-may-be-6-days-from-declaring-war-o-2.aspx
If Sessions ramps up the pot war, I'd expect the US Pot stocks to take a hit, and Canadian pot stocks to get a boost ... however, if Sessions takes a more rational approach, US Pot stocks could get a boost.
The Canadian pot market vs. the Californian pot market ...
The current population of Canada is aprx. 35 million people;
https://en.wikipedia.org/wiki/Population_of_Canada
The current population of California is aprx. 39 million people;
https://en.wikipedia.org/wiki/California#Population
The stats show that the state of California alone has a larger population than Canada - and a potentially larger market for pot.
Even though California is on the verge of full scale legalization and is a larger population than all of Canada - why do the US pot stocks trade at a substantial discount to the Canadian pot stocks? (several of the Canadian pot stocks trade at multi-billion dollar market caps); the answer, I believe is the difference between the Federal & state(provincial) approaches & outlooks to full scale legalization.
In Canada; both the Federal & Provincial (state) govt's are in alignment with full scale legalization ... whereas in the US, the Federal & some state Govt's are aligned oppositely in regards to full scale legalization.
The discrepancy between US Federal & State govt's in regards to full scale legalization has fostered a great degree of doubt, uncertainty, and risk in regards to investor sentiment towards US Pot stocks when compared to the Canadian pot stocks.
A major motivating factor driving Canadian policy towards full scale pot legalization is to shift the wealth & economic activity from the black market into a white/blue collar industry - this Canadian approach appears to be paying major dividends even prior to full scale legalization; as can be seen in the multi-billion dollar market caps in several of the top Canadian pot stocks ... looking forward; it appears the Canadian approach will quickly transfer significant wealth and economic activity from the underground economy into the legitimate economy - creating a massive infusion of taxable income and wealth generation.
The Canadian pot stocks show the type of potential that could come into the US pot stocks when both the Federal & state govt's come into alignment on full scale legalization;
I'm evaluating a few co's ... i'll try to narrow it down to the top 1 or 2 picks early next week.
What’s your top pick?
Cannabis in California - Wikipedia;
https://en.wikipedia.org/wiki/Cannabis_in_California
Breaking Down California’s Proposition 64 Rules;
On Thursday, November 16th, state regulators released their 276-page set of cannabis rules to go along with the legalization that is set to be effective January 1, 2018. In general, California will treat cannabis like alcohol, allowing people 21 and older to legally possess up to an ounce and grow six marijuana plants at home...
http://www.cannabusinessadvisory.com/2017/11/29/break-down-californias-proposition-64-rules/
California Proposition 64 — Legalizing Marijuana;
Voters approved Proposition 64 — Legalize Marijuana — in California... the proposition calls for legalizing marijuana for adults 21 and older... smoking would be permitted in private homes or at businesses licensed for on-site marijuana consumption...
https://www.nytimes.com/elections/results/california-ballot-measure-64-legalize-marijuana
I've created this board to ID companies positioned to capitalize on the impending cannabis legalization in California.
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