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Investors and traders almost always shoot first and ask questions later. They threw the baby out with the bathwater. Cooler and more intelligent heads will prevail when they realize OWCP wasn't planning on entering the US market first. Their focus is on Germany, the EU, and Canada (and other countries where MMJ is legal) first.
very well said the truth the whole truth and nothing but the truth good luck to you!!
That is what gets me why the reaction when company is based out of Isreal with plans to operate in Europe until U.S laws get figured out
It is very heartening to see bipartisan outrage against Sessions psychotic rantings. I hope congress acts immediately to stop this regressive jerk from harming our constitutional Republic and it's citizens any further.
There is no way for states to ignore the HUGE windfall of legalized pot. They can tax it as much as they want and they know people will still buy it. Money speaks louder than 'morality'. Plus people's perception of MMJ is rapidly changing as uses for MMJ become known and used. Sessions is a relic and I for one will be glad when all of his ilk are dead.
Where in Ohio? My hometown submitted a proposal to be a grow site. That blows my mind, weird to think my little ol' hometown wanting to be one of the major grow sites for the state. I hope these jobs pay a good wage (they should for the amount of $ being reaped).
I agree with all you say but I do believe Trump was behind this move by Sessions. Trump hates California and anything he can do to hurt it financially he will do. It's no coincidence that Sessions totalitarian statements occurred one day after CA legalized recreational MJ. Just my opinion of course. I don't think Sessions proclamation will change anything regarding either MJ or MMJ because I don't think the state's attorney's will spend the money necessary to pursue state legal businesses and users. If they do there will be a huge backlash and a lot of outrage, more than we're seeing now. Congress needs to act and cut off Sessions psychotic ranting before he has a chance to act. This guy is a brain dead totalitarian and regressive nutcase. He should be fired but I don't think Trump will do that.
Know who else doesn't want marijuana legal everywhere? Liquor companies. A friend told me last summer that the major beer companies have a $2bn fund to lobby against further legalization.
Never say never...
Greed & fear together is unstoppable
I think the whole US INDEX WILL GO TO 52 WEEK LOWS NOW.
The ONLY ones that keep going up: Canopy and...
Medrelief
"Jordan Wants Sessions To Quit" was the giant, above the fold, front page headline that greeted me when I got my morning paper.
House Republicans are calling for Sessions to resign as they feel he has lost control of just about everything he is linked to.
This was great news to see after yesterday's pompous attempt to re-garner some goodwill by going after what Sessions feels is a "Mom & Apple Pie" topic, attacking those horrible marijuana people. Anytime the hot seat gets too hot, ol' Jeff returns to topics he thinks will boost his image. Not gonna save him this time, and they have said anything he tries to do against state's rights will go down in flames.
While a politician's promises are usually not to be held in highest regard, remember that Trump campaigned as pro-MJ and pro-state's rights, saying that the federal government has better ways to spend its time and that he saw the MJ industry as one the US could make money on to bring ag-dollars back to the US. If money is involved, we will win out!!
A very large grow facility has been built about 40 minutes from where I live here in Ohio. The paper has articles every so often of how neighbors complain that the grow lights can be seen for tens of miles. The number of jobs and amount of money MJ and MMJ will create, it will go our way. Too much infrastructure is already being put in place and we would be foolish to pass up the money.
Congress needs to act immediately to protect MJ and MMJ in states where the people have made it legal. They also need to reschedule MJ on the federal level to minimum Schedule III allowing research to be conducted.
Huge backlash from both Republicans and Democrats regarding Sessions' anti-marijuana announcement yesterday:
Lawmakers React To Sessions Anti-Marijuana Move
https://www.marijuanamoment.net/lawmakers-react-sessions-anti-marijuana-move/
OWCP plan to sell our cream and tablets has been Germany first, then the rest of Europe in countries that have passed mmj. The second was to sell in Canada, where again, it is legalized. There has been talk there is a big market in Asia they are going after also after Europe.
As far as the US goes, there policy has been California first, or other highly populated legal mmj states. But after Europe and Canada.
We are also based in Isreal where the actions of the US means nothing to us other then our piece of the pie maybe isn't as big as it could've been.
Honestly, yesterday's trading for many mmj stocks, proves how uniformed investors are yet about what there buying.
It wouldn't even hurt for companies such as OWCP to come out and make a statement why the actions of Sessions does not change the overall business plan to calm investors, and put that statement right on there website for all to see until our US government legalizes it.
Sleek, good analysis. I tend to agree with this scenario playing out. Hopeful on the amendments you mentioned.
NO PROBLEM . OWCP . it is COMPANY "cannabis MEDICAL $$$$$
sessions has nothing to do with the progress of states and the research and pipeline of owcp. He just got rid of the scared people to create selling for just one day now we head north again
the right move would of been to hold and add as far as .23 goes never will happen here it is only up up up with a few hurdles be strong have patience buy low sell high and you will do very well here one day at a time
we should really close at that level by the end of the day with 7 million shares traded. I feel it was like what abc news did by reporting news that shook markets. The shakeout and panic selling drove it down to .365 now we are already back to .42 great news ahead will keep us strong here with gains through february. We were just at .209 a few months back and have done nothing but a steady uptick with a few hurdles and with core position and occassional flips this is where we want to be go owcp
I totally do agree with you about the suspicious trading activity and have emailed the transfer agent and suggest everyone else does too. They know who is buying and selling. One thing I have mentioned many times is OWCP is suing Wall st right now in New York State and I have always wondered if that's why our stock is being so obviously manipulated. We have to understand that 30+ million shares were illegaly dumped and keeping share price down means smaller restitution payment if that's the way the suit is awarded. Keep heads up it will not go on forever. Let's blow up transfer agent inbox!
yoel@vstocktransfer.com
212-828-8436
Big Pharma doesn’t want MMJ to do well because it will cut into their profits. Keep in mind big pharma is lining the pockets of the politicians. We will have our day soon.
OWCP long and strong!!!
E*TRADE shows OWCP price at .54 now.
Could it be that folks have come to their senses this morning?
..my guess is big tobacco! Phillip Morris just announced they want peeps off ciggies! Weird huh?
$OWCP
The MJ sector and OWCP will be just fine and here is why...
Today will turn out to be an enormous turning point in the history of marijuana in America
Sessions' repeal of the Cole Memo will ironically speed up the pace of federal legalization of cannabis
The Cole Memo, in place since 2013, was a nice safety net, but like training wheels on a bicycle, if you leave them on too long, you are not going to be able to develop the ability to ride a bike without them
5 years of the Cole Memo took away Congress' hunger to change the federal laws surrounding MJ because they didn't need to do so in order for the MJ industry to thrive in America
Today that has changed
The training wheels are now off
And Congress is finally going to learn how to ride a bicycle without assistance
I am confident that the McClintock-Polis amendment will be added alongside the Rohrabacher-Blumenauer amendent -- to the federal budget renewal due on 1/19 -- and the combination of these 2 amendments is much stronger than the Cole Memo and will prevent any and all federal interference in both medical and recreational MJ moving forward
Rohrabacher-Blumenauer protects Med MJ from federal intervention
http://www.thedailychronic.net/2017/89445/federal-medical-marijuana-protections-temporarily-extended-2/
McClintock-Polis protects Rec MJ from federal intervention:
http://www.thedailychronic.net/2017/77310/mcclintockpolis-amendment-to-limit-federal-interference-of-state-marijuana-laws/
In addition, the probability of rescheduling MJ to Schedule 2 in the 2018 calendar year just shot up tremendously
THE 2018 MJ MANIA will ultimately turn out to be even stronger due to today's news and the resultant sequelae summarized above
1/19 is now the next significant positive catalyst for THE 2018 MJ MANIA
Sleek
Loading and Holding! OWCP
Here is the amendment that will get attached to the federal budget renewal due 1/22:
https://www.denverite.com/colorado-rep-jared-polis-plan-keep-recreational-medical-marijuana-safe-sessions-31771/
This is even better than the Cole memo and would completely eliminate any threat of federal interference in states with Med and Rec MJ
Today's Cole Memo repeal will be old news within 2 weeks
Glad I sold heavy before the dump...
Back in at .23
.420
seems like a nice time to add
Anyone know what Alternative Medicine Centers / Holistic / Natural centers OWCP are selling product to in US? Ctrs like *$PAOG ? Seems like a viable path with the Sessions BS today.
Simple, because we are undervalued!
Exactly....A lot of this sessions crap talk don't effect us at all...Almost off topic..if I may say!!Im sure a lot will tell me.
good post.. you mentioned Germany....if my memory serves me well, that is EXACTLY where owcp is going to introduce their psoriasis cream.. the usa is not the only place on this planet..
Forget the price. Why is cnbx market cap $200m and ours is $61m?
Indeed, especially since that’s my hometown news source. I take it you’re a cheesehead? OWCP is the best - bar none!
TappyS
Sorry, yes I'm frustrated! I actually posted Sessions could be "good" for our cause BACK WHEN HE GOT THE JOB!
Reverse physiology I guess? But nobody sees my point so I agree with you regarding the nonsense of blaming Sessions. I think HE is our best chance for getting laws changed, not petitions, etc.
Please think about this hypothetical:
Sessions announces TOMORROW he will ask congress for millions of dollars to prosecute MJ violators.
Does congress say, "OK, how much do you need", or, "wtf we need to change these laws before we get voted out".
Now what happens if Sessions get fired? I say "absolutely nothing", let's just pretend the law doesn't exist, look the other way, not collect taxes, & keep the entire industry in limbo. Kind of like ignoring a "tooth ache".
Sorry again to vent, peace out.
Well said Cbits! Makes perfect sense
SESSIONS AIN’T GOT SHIT ON MMJ!!
LAW WILL CHANGE INEVITABLY
ODUB
We have stayed above the 100 DMA since November 15th. We closed today right on the 50 DMA. Both are converging on the 200. We are still in a bullish trend, from a longer term perspective. We will see pretty quick if this will send us into a funk. I hope not.
News changes all of this.
John, and you don't think big pharma will want to participate in the profits if mmj/rec mj are made legal at the federal level? I think you underestimate the power of their greed.
How many posts here on the OWCP board concern a potential JV with Pfizer? How many included reference to Bayer in Europe/Germany? If big pharma sees where the future is going, they will be first to incorporate mmj into their portfolios, and they will be support legalization efforts biggly.
* * $OWCP Video Chart 01-04-18 * *
Link to Video - click here to watch the technical chart video
Chuck, don't get your panties in a wad. I was referring to the portion about writing to your representative to get a bill going to change the law - not about Sessions being only responsible for enforcing the law (I wrote that around 10 am this morning, too). Everybody here seems to want Sessions' head; my point is, even if Sessions is gone, if the law doesn't change, the next AG will do the same thing under the current administration. Unless the law changes (and only congress can do that) OR Trump comes out with public support for mmj (warning off any AG), we will continue to have this dissonance between federal law and states that pass laws making it legal.
Unfortunately big pharma donates to b oth parties the know who their daddy is no laws are coming. They have had many opportunities even today those that railed against it where nkot proposing a new law to fix it
Bring on the Canadian exchange OWCP, it's time to make it official!
https://www.forbes.com/sites/trangho/2018/01/04/jeff-sessions-ignites-marijuana-stock-sell-off-but-fuels-canadian-cannabis-longterm/
If we see $10 you will be my hero $$$
Yes, the very first post...
ChuckBits Member Level Thursday, 01/04/18 04:30:44 PM
Re: None
Post #
125614
of 125691 Go
It's Session's job to enforce/prosecute federal laws that are "on the books", right? He will ultimately be a MJ/MMJ Hero.
I hope he announces next that he intends to ask congress for millions of dollars so he can prosecute everyone violating Federal MJ laws.
Think about what would happen then...
Moxa, even though you're from CA, don't sit on your hands. Write a letter to your rep and get him/her to SPONSOR a bill that legalizes mmj at the federal level. If nobody writes/sponsors a bill, even if 90% of the country supports it, nothing will get done. This whole issue has to get to the floor of the house and senate to get it passed; maybe this is a subject that can get bi-partisan support if the polls really reflect the strong support some posters have indicated.
I'm lucky I live in CA. My reps in congress all support MMJ and MJ.
Oh wow looks like this is headed down the stool . . . no buy signal generated.
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