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General Cannabis Announces 2017 Second Quarter Results
This article has info
https://finance.yahoo.com/news/general-cannabis-announces-2017-second-184323450.html
Does anybody here know how to decipher that chart?
And how does it continue??
Marijuana Justice Act of 2017 was introduced by New Jersey Senator Cory Booker
https://www.yahoo.com/news/marijuana-justice-act-2017-legalizes-151506734.html
Trump’s Top Strategist Says He’s Trying To Convince The President To Legalize Marijuana
The man in question was Roger Stone, who has been described as the “brains” behind Donald Trump’s unlikely rise to the White House. Stone, 64, has a notorious history in politics going back four decades to when he played a role in the re-election of Richard Nixon and currently finds himself embroiled in the Trump campaign’s Russia scandal.
But on this day, Stone was taking part in the third annual “Politicon,” a gathering of an estimated 10,000 political junkies who came out to hear pundits, policymakers, and activists debate the issues of the day.
To the surprise of many, Stone has become an outspoken advocate for the legalization of marijuana. And it’s something he says he thinks he can convince Trump to come around on.
“Medical marijuana is now a consensus issue in the United States,” he said during the panel. “And recreational marijuana is headed that way.”
Stone said he has filed a federal lawsuit with Florida attorney John Morgan that asks the government to remove cannabis as a Schedule 1 drug. That classification, first enacted under the Nixon administration, puts pot in the same category as drugs like heroin and cocaine. Morgan has invested millions of his own fortune fighting for the legalization of medical marijuana in Florida, the state where Stone now lives with his wife and family.
The duo recently formed a group called the U.S. Cannabis Coalition, which allows them to officially lobby the government, including Trump, on the issue. Stone is widely considered to be one of the most successful lobbyists in modern American history, even by his biggest critics.
Stone says he was motivated to act after Attorney General Jeff Sessions announced that he wanted to go after states that had voted to legalize medical and recreational marijuana. That position directly contradicts comments made by then-candidate Trump in which he said the issue of marijuana should be left to the states.
“I hope to convince the president of the United States to honor his pledge,” Stone said. “It’s time for the administration to speak with one voice and not break faith with the American voter.”
So, how did a man best known for electing men like Nixon and Trump get here? “Everyone evolves in their views,” he said. “If not, there’s something wrong with you.”
In an unusually personal confession, Stone explained that his own views changed after seeing his father and grandfather battling terminal cancer. “They were going through chemotherapy and radiation,” a visibly emotional Stone said. “You could smell them burning alive. That’s when a cousin of mine suggested trying medical marijuana. And yes, I got ahold of marijuana and gave it to them. It made a tremendous difference.”
Furthermore, Stone wasn’t shy about trash talking fellow Republicans who continue oppose marijuana.
On former President George W. Bush, he quipped, “The guy snorted so much coke, he had a personal thank you note from Pablo Escobar,” while also knocking Ohio Gov. John Kasich, claiming that Stone fired him from a campaign job in 1976 when he allegedly found out a young Kasich was selling pot.
Beyond his own personal connection to medical marijuana, Stone says it just makes sense for Trump to either fully support legalizing marijuana or at least get out of the way and allow the individual states to continue experimenting with their own laws.
Stone noted that in swing states that Trump narrowly won like Michigan and Pennsylvania, support for medical and recreational marijuana has been rapidly increasing and that cracking down on pot could doom Trump in 2020.
“A tidal wave is coming,” Stone said. “I predict the president will do the right thing.”
Share image by John Sciulli/Getty Images for Politicon.https://www.good.is/articles/roger-stone-trump-marijuana
One year ago CANNs NBC announced the cooperation with Green Leaf Medical/Maryland
http://cannabisdailyrecord.com/index.php/2016/08/22/wire-green-leaf-medical-gets-stage-one-license-from-maryland-medical-cannabis-commission/
Now Green Leaf finally is going to kick off the business in a brand new facility:
https://www.facebook.com/greenleafmedical/photos/a.610209462423754.1073741827.610147365763297/1258485964262764/?type=3
CONGRATS to $$CANN and Green Leaf Medical!!!
Very much sale yesterday!
Trades:
Green=buy
Red= sell
And Black !???
Thanks for Info
Powerful: Senate Committee Ties Jeff Sessions's Hands on Medical Marijuana
http://www.drugpolicy.org/news/powerful-senate-committee-ties-jeff-sessionss-hands-medical-marijuana
10q Filing (numbers) must be published until Aug 15..
Maybe worth a news: CANN client Green Leaf gets license in Maryland (July 13th: facility “is 98 percent complete, and we expect to receive a final license in three weeks.”) http://www.thesentinel.com/mont/news/state/item/5484-medical-marijuana-on-hold
Maybe Jeff Sessions will get fired or quit. That would be good news for the entire sector.
There's some buying right here at this previous support level. going in small here.
Wow 55k in volume first 30 mins. Anyone wanna take a guess of why so much selling volume ? Besides doj report Thursday?
News ahead..
like expected since many weeks the license process for growers in Maryland is coming to a final phase.. and the CANN Client Green Leaf Medical is awaiting one of them. That's food for news paired with the 10q release until August 15th.
Article from July 12th - MEDICAL MARIJUANA ON HOLD: http://www.thesentinel.com/mont/news/state/item/5484-medical-marijuana-on-hold
".. Other growers should be fully licensed soon, and begin cultivation. Philip Goldberg, CEO of Green Leaf Medical, told the Sentinel that its Frederick County facility “is 98 percent complete, and we expect to receive a final license in three weeks.” Following planting and growing, Green Leaf will be able to “put product on the shelves in November.
”
Green Leaf Medical is a client for consulting/building of CANNs Next Big Crop (www.nextbigcrop.com). And NBC is definitely involved in the Maryland facility built by Green Leaf as stated in the "Processor Permit Application" for Pennsylvania (660 pages! http://www.health.state.pa.us/mmrtk/docs/GP-3021-17_Redacted.pdf)
Outtake:
You can find pictures of the facility here (Green Leaf FB page):
https://www.facebook.com/pg/greenleafmedical/photos/
$$CANN!
What a slugfest, fought back and forth all day and we come out on top by a nose.
immediately after I typed it the volume decreased. mystic ; )
Now it's below average again..
How so? Seems average or even below average.
hi antferrara, couldn't find anything..
I'm still awaiting update on CANN/NBC client Green Leaf Medical and their licenses in Maryland and Ohio (maybe another/new chance in Pennsylvania after they missed it).
I expect a good 10q next weeks, operational improvements of Iron Protection Group California and update on projects from NBC.
The Chiefton Supply Website www.chieftonsupply.com has recently been updated (but doesn't justify the jump this week).
Overall feeling: optimistic for new 6month heights
Good link for overviewing CANN social media activities:
http://www.thepicta.com/tag/generalcannabis
High volume today. Has there been some news or other catalyst?
What it Takes to Stand Out from the Crowd in the Legalized Marijuana SpaceDate :07/12/2017 @ 8:45AMSource :NetworkNewsWireStock :General Cannabis Corp. (QB) (CANN)Quote : 1.85 0.055 (3.06%) @ 4:22PM
What it Takes to Stand Out from the Crowd in the Legalized Marijuana Space
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Alert
NetworkNewsWire Editorial Coverage: The burgeoning legalized marijuana market is increasingly populated with unique contenders, and success in this market requires a high caliber of innovation that drives compounding potential for revenue growth, success and sustainability.SinglePoint, Inc. (SING) (SING Profile), for example, employs a diversified acquisition strategy in tandem with a plan to develop a crypto currency solution for the cannabis industry with First Bitcoin Capital Corp. (BITCF). Among other publicly traded standouts in this opportunity-rich market the marijuana space is General Cannabis Corp. (CANN),GW Pharmaceuticals plc (GWPH) and Golden Leaf Holdings Ltd. (GLDFF).
SinglePoint (SING) offers a compelling and diversified investment opportunity within the marijuana space, and is beginning to demonstrate its ability to generate revenues through strategic acquisitions. While some investors are leery of the risks of the federally illegal marijuana market, it’s important to note that SinglePoint at no time touches the marijuana plant. For example, building on its history of payment technologies, SinglePoint – among other endeavors - services the marijuana industry via its SingleSeed subsidiary (www.SingleSeed.com), which is engaged in supplying various services to cannabis to dispensaries and has become a hub for dispensaries seeking merchant payment processing solutions and other business tools. SingleSeed also offers payment processing and text message marketing solutions for cannabis businesses.
Also in the payment technology field, SinglePoint recently partnered with First Bitcoin Capital (BITCF)to develop a proprietary bitcoin payment solution for cannabis business that, at present, do not have access to banking options due to FDIC restrictions and resultant lack of cooperation from banks. This innovative bitcoin solution will be deployable on any point-of-sale machine through a simple download and will enable cannabis businesses to accept credit and debit card transactions independent of banks.
As the first cryptocurrency and blockchain-centered company to become publicly traded, First Bitcoin is a valuable partner to SinglePoint in the quest to develop digital currencies. The company offers a suite of financial solutions for medical cannabis businesses, including merchant processing and point-of-sale solutions like automated check-cashing kiosks for California-based medical marijuana dispensaries. First Bitcoin Capital recently announced that it has invested its primary wallet, which owns dozens of cryptocurrencies, into closed-end crypto-exchange traded fund (CETF) AlphaBIT in exchange for controlling interest in the form of 200 million ABCs. This is the company’s very first foray into the Ethereum ecosystem, as ABC runs on the Ethereum blockchain. This acquisition is significant for various reasons, including giving shareholders a vehicle for transparently monitoring some of First Bitcoin Capital’s assets.
In June SinglePoint closed a $1 million company-friendly Convertible Promissory Note with an institutional investor, stating that proceeds from the investment will be used to execute on its bitcoin solution. With this new round of funding, the company is can move forward with its development of a crypto currency solution and continue its strategic acquisitions within the marijuana space.
One recent acquisition has positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in the state of California, where thousands of cannabis-related businesses have cropped up. SinglePoint recently acquired 90 percent ownership of Discount Indoor Garden Supply (DIGS), a provider of soil and supplies—including hydroponics products—as well as consulting services to legal cannabis growers. The importance of this acquisition is emphasized by an unsuspecting yet recognizable name: Scotts Miracle-Gro (SMG). While you might not think “marijuana” when you hear the name of this household brand, Scotts Miracle-Gro has emerged as one of the biggest traditional business players to participate in the cannabis industry. Through its wholly owned The Hawthorne Gardening Company subsidiary, the company is acquiring various leading firms in hydroponics areas, including soil, lighting and nutrients, and market reports suggest that the company has more acquisitions on deck for this year.
SinglePoint also recently inked an agreement with Premier Biomedical, Inc. (BIEI) to act as a volume supplier in manufacturing Premier’s new CBD (cannabidiol) Hemp Oil Skin Patch. The patch is anticipated to be the first in a line of products resulting from the agreement between the two companies. SinglePoint believes this new business will contribute greatly to its revenue goals.
Earlier this year, SinglePoint made an investment in Convectium, a California-based provider of equipment, branding and packaging solutions to the cannabis industry. Convectium developed the very first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries, and its 710Shark and 710Seal machines—which are currently sold through the EquipCanna.com website—can fill and package more than 100 cartridges or disposable vape pens in just 30 seconds. Convectium also operates a consumer brand that includes BlackoutX and HazeSticks products.
General Cannabis (CANN) is another diversified player in the cannabis space, serving as a comprehensive resource for high-quality services to the regulated marijuana industry. Through a combination of robust operating divisions, including security, marketing, operational consulting and products, real estate and financing, General Cannabis has become a key partner to the cultivation, production and retail areas of the marijuana market. The company’s synergistic divisions are able to leverage one another’s strengths to contribute to General Cannabis’ overall success.
Biopharmaceutical company GW Pharmaceuticals (GWPH) has become a global leader in developing plant-derived cannabinoid therapeutics using its established drug discovery and development process along with an intellectual property portfolio and regulatory and manufacturing savvy. The company has successfully developed the world’s very first cannabis-derived prescription medicine, Sativex, which now has approval in more than 29 countries outside the United States to treat spasticity related to multiple sclerosis. GW’s current lead product candidate is Epidiolex (cannabidiol) for treating certain rare and severe early-onset, drug-resistant epilepsy syndromes. The company’s pipeline of CBD product candidates further includes compounds that are in Phase 1 and 2 trials for treating glioma, schizophrenia and epilepsy.
Another company focused on leveraging a differentiated brand portfolio within the legalized marijuana space is Golden Leaf Holdings (GLDFF). Golden Leaf Holdings is one of North America’s largest providers of cannabis oils and solutions and is a leading marijuana company in Oregon. The company’s product portfolio is constructed around recognized brands, and Golden Leaf Holdings is leveraging a robust management team of experts in the cannabis and food industries to bolster its expertise in cannabis oil extraction, refining and sales. Golden Leaf Holdings’ aim is to become a leading, consumer-driven company that is focused on wellness solutions that are founded on science and research, thereby leveraging the company’s differentiated brand portfolio to provide outstanding customer value.
These companies are making names for themselves through their successfully unique approaches within the rapidly growing legal marijuana market. With so many competitors now crowding the marijuana space, diversified players like the named companies stand out as ones to watch—and invest in—within the cannabis market.
For more information on SinglePoint please visit:Singlepoint (SING) or www.SinglePoint.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Trump allies Roger Stone, Jesse Ventura launch pro-cannabis group
http://thehill.com/blogs/blog-briefing-room/news/338232-trump-allies-roger-stone-jesse-ventura-launch-pro-cannabis
NJ Democrats Begin Push to Legalize Marijuana
http://observer.com/2017/06/nj-democrats-begin-push-to-legalize-marijuana/
What would be a good news!?
That's a possibility with all the warrants they have to exercise but if we get overall good sector news buy up! Imo
We go back to 1.20!??
If that happens my friend we having a nice bump in sector! Hope Nevada gets their licensing issue resolved before the 1st
Yes, let's see the end of sessions
Sector volume dried up once again!. Enjoyed my run from 1.20. Till the next
Business
The Latest: Nevada still plans to issue pot licenses July 1
FILE- In this March 24, 2017 file photo, Nevada state Sen. Don Gustavson, R-Sparks, smells a sample of marijuana as Christopher Price, a ‘’budtender’’ at the Blum medical marijuana dispensary, describes the operation during a brief tour a the store in Reno, Nev. Nevada voters legalized recreational marijuana in November, and officials are trying to put rules in place to start selling it on July 1, 2017. (Scott Sonner, File/Associated Press)
By Associated Press
June 19
CARSON CITY, Nev. — The Latest on the legal battle of the launch of Nevada’s recreational pot sales (all times local):
12:35 p.m.
The deputy director of Nevada’s Department of Taxation says state regulators still intend to have the necessary licenses in place July 1 to start selling marijuana for recreational use despite an ongoing lawsuit over the regulations.
Anna Thornley testified in Carson City District Court on Monday that the state has planned since February to have the “early start” program up and running by July to start bringing in tax revenue before a permanent system must be adopted on Jan. 1, 2018.
Thornley says none of the 90 applications received for distribution licenses have been approved so far. Five of those are from liquor wholesalers and the other 85 are from existing medical marijuana dispensaries.
Thornley says some of the applications are incomplete and have been returned to the applicants to provide additional information. But she told Judge James Wilson, “It’s the department’s intention to issue licenses by July 1.”
Looks like CANN client Green Leaf hasn't won..
http://www.ydr.com/story/news/2017/06/20/these-companies-won-permits-grow-medical-marijuana-pennsylvania/412539001/
At a 1:00 p.m., Tuesday, June 20th press conference (a live stream of which will be available at the link below), PA's Department of Health Office of Medical Marijuana Director John Collins will announce the first 12 "permits to grow/process marijuana" winners.
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