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It's a new frontier and it is inevitable.... Huge future industry development with marijuana products. There a large number of the population who have not used it because it was illegal where they lived. Now it is becoming more mainstream globally. However, the news appears to get pulled or not posted, so it is still a covert mission, fear remains, but not likely for long.
enjoy. mj stocks will make a comeback one of these days is my guess.
Thanks, I'll check it out!
Cool! Great resource 'love your neighbor'!
Thanks W$K- stop by anytime
Every so often Finance Yahoo runs an article on Marijuana Stock. We usually see a rise in mmj stock after Yahoo post favorable articles and SIPC has also responded well to these articles in the past. Once Yahoo post an article, then other news outlets follow. I am hoping for a run!!!!! Good Luck to you 'love your neighbor'.
This article was posted today, approximately 9 hours ago.
"Cannabis Stocks Are On The Rise Following A Not So High Month Of October" – Accesswire
http://finance.yahoo.com/news/cannabis-stocks-rise-following-not-142800623.html
By: Coral Gables, Fl/ACCESSWIRE/November 20, 2014
GO SIPC!!
Great article from Finance Yahoo; "Cannabis Stocks Are.On.The.Rise... Following A Not So High Month Of October" – Accesswire
http://finance.yahoo.com/news/cannabis-stocks-rise-following-not-142800623.html
By: Coral Gables, Fl/ACCESSWIRE/November 20, 2014
Great article from Finance Yahoo, thought you would enjoy it 'love your neighbor'. Now that I know where you are I will come by and visit. Cool site.
GO SIPC!!
NVLX Engaged In "Cutting Edge" Cannabis Preclinical Studies Using Model Compounds With Cell-In-A-Box
http://finance.yahoo.com/news/nuvilex-inc-engaged-cutting-edge-124500296.html
Cannabis stocks edged higher for the fifth straight day as volume remained robust amidst a massive rotation away from "Pink Sheets" names that had rallied yesterday. 53% of the stocks rose in price, with 5 double-digit percentage gainers and 6 double-digit percentage losers. Stocks with volume above the 30-day average increased from 53% to 58%, with two stocks trading over $5mm in value. Three of the ten highest dollar-volume stocks rose in price as seven traded above $1mm. Benzinga's 420 Marijuana Index rose 1 point to 208. The index is up 31% year-to-date but down substantially from the 1010 peak in March and up from the 178 closing post-peak low on 10/16. - See more at: http://ab.typepad.com/the_daily_dab/#sthash.l4KG3cMU.dpuf
MJ 2.0 - bring it!
SLNX is also due for another mega multi bagger run ahead. Tiny float MMJ play with recent PR's setting them up perfect for some bigger news ahead.
VPOR is due for a couple big PR's just ahead now is the time to load.
agree- VPOR Revenues should be thru the roof on the next report
$$$ SLNX .0014 $$$ tiny float MMJ subpenny play
VPOR is my top MJ play ahead. It has a very low float and OS and complete SS compared tot he top MJ plays and we are not just MJ we are a growing business with massively increasing revenues.
looks interesting
wondering after reading this DD ...if any truth...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107409252
hello 1234 - whoa - up 300% - my only take is I wish I was in before the big move!lol
hi LYN,any take on IJJP ?
Vapor Group, Inc. Engages Franchise Attorney, Harold L. Kestenbaum, PC, and Embarks on Franchising of its Brands
DAVIE, FL(Eteligis Inc.)
DAVIE, FL, United States, via ETELIGIS INC., 09/11/2014 - - Vapor Group, Inc. (OTCQB: VPOR), (the "Company"), announced today that it has engaged Harold L. Kestenbaum, PC, East Meadows, New York, as its franchise attorney to represent the Company in the franchising of its brands. Mr. Kestenbaum has been engaged to prepare and/or review any and all required State of federal franchising agreements and disclosure documents in order for the Company to fulfill the regulatory requirements of the nationwide franchising of its brands.
CEO Dror Svorai said, "As I have said previously, we are about to begin the franchising of our "Total Vapor" store concept in the Northeast corridor, North Carolina, Washington D.C. , Texas and other places over time. Each of these geographical markets represents tremendous sales potential and we are excited by what franchising can mean to us long term. Mr. Kestenbaum is a recognized legal authority in the private sector on franchising, and we are delighted to be able to work with him."
About the Vapor Group
Vapor Group, Inc., http://www.vaporgroup.com/, is in the business of designing, developing, manufacturing and marketing high quality, vaporizers and e-cigarette brands which use state-of-the-art electronic technology and specially formulated, "Made in the USA" e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated vaporizes the e-liquid. Because E-cigarettes are not "lit" like regular cigarettes, they don't create flame, smoke from burning, ash, tar, noxious fumes or leftover "cigarette butts". As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
5 Reasons to expect another Pot Stock Boom
As summer draws to a close, the Cannabis sector is primed for another explosion...
1) Seasonal Trends
As the summer trading season draws to a close, historical data shows some encouraging trends for cannabis investors.
Multi-year charts show that the fall generates strong bullish activity in the sector that lasts well into spring. If this trend continues, investing between now and November could yield fantastic gains.
The Ben-zinga Marijuana index has steadily declined since March of this year, and has started to level off. These lows indicate that the sector has cooled off and is primed for another boom.
2) The Marijuana Index is at a Post-Peak low
3) Oregon and Alaska will vote on Recreational Cannabis
06 September 2014
Note that the index is a composite of the tickers in the sector, and does not represent whether any one stock is over or under valued. Look at individual stock history before you dive in.
5) Colorado is seeing Green
The 420 Marijuana Index
4) Florida, D.C. and Guam will vote on Medical Marijuana
On the November 4th ballot for 2 states are measures that will allow the sale of recreational cannabis to adults 21 and over. If these measures pass, they will double the amount of states with recreational cannabis laws.
Polls show over 57% of likely voters in Oregon support the measure, though Alaska's initiative appears to be trailing in the polls with currently between 44% and 47% of likely voters in support.
Even if Alaska's initiative fails, Oregon's addition into the recreational cannabis club will be a huge boon for the sector.
Initiatives in FL and DC as well as Guam are expected to pass; Florida's polls show support between 65%% and 82%, requiring only 60% of the vote to pass. Investors shouldn't expect much directly from D.C. however, as the initiative is strictly for home-growing, not retail sales.
Polls show about 60% likely voters in Florida favor the medical marijuana amendment, with 17% unsure. Pollsters find it likely the amendment will pass.
The "Experiment" in Colorado and Washington has been wildly successful. Not only has legalization been a tax revenue boon for the states, but the crime rate has dropped and cannabis usage has even leveled out or dropped.
Moreover, cannabis businesses are seeing crazy revenues and in many cases having trouble keeping up with demand.
A common refrain from naysayers during last season's stock boom was "These companies have no revenue!" This is simply no longer true, and many of the publicly traded companies in the sector have had time to grow and establish themselves as legitimate, profitable businesses
Cannabis stocks crept higher again in slow trading. 48% of the stocks rose in price, with 2 double-digit percentage gainers and one double-digit percentage loser. Stocks with volume above the 30-day average rose from 25% to 33%, with one stock trading over $5mm in value. Six of the ten highest dollar-volume stocks rose in price as two stocks traded above $1mm. Benzinga's 420 Marijuana Index rose 1 point to 256, bouncing off of a recent post-peak low of 253. The index is up 60% year-to-date but down substantially from the 1010 peak in March. - See more at: http://ab.typepad.com/the_daily_dab/#sthash.q4AOZv2s.dpuf
VPOR NEWS!! Vapor Group, Inc., VPOR, CEO Issues Letter to Shareholders on First 6 Months Results and Activity
DAVIE, FL(eTeligis Inc.)
DAVIE, FL, United States, via ETELIGIS INC., 08/22/2014 - - Vapor Group, Inc. (OTCQB: "VPOR"), (the "Company" or "Vapor Group"), today released a letter to shareholders from its President and CEO, Dror Svorai. In the letter, Dror Svorai discusses the results for the first 6 month of 2014:
Dear Shareholders:
This past six months have been very eventful for us, and as a result we have great expectations for 2014
First, for the six months ended June 30th, as reported in our 10-Q, our revenues were $1,991,776, an increase of $1,897,049 or approximately 2003% from 2013 for the same period. Overall year-to-date, Vapor Group's sales have continued strong and steady month over month this year.
To accelerate our sales further, we added several additional persons to our salesforce who are all experienced and expert in the sales of e-cigarette products and accessories.
In the past few months, we opened our first two "Total Vapor" company stores in the greater Miami area, selling our full line of products. We are working on opening a total of ten retail locations in metropolitan Florida this year.
In July we began the process to franchise our "Total Vapor" store concept in Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, and Washington D.C. We will have more to report on progress here in the coming weeks. Each of these market areas represents great sales potential and we are excited by the projects.
In March we increased our percentage ownership of online retailer, American Vaporizer, LLC, and due to slower growth than projected, and the need for incremental investment, sold off our 51% interest of this company in June, so that we could refocus our marketing strategy and inventory investment and obtain a better return on our working capital. Important, the sale allows us to better focus our efforts on our core brands and the new products that they will bring to market this fall.
That said, we are currently in development of a line of low-cost, affordable vaporizers, including one available as a blister pack, and a limited edition series of vaporizers as well, all of which will be available by the holiday season.
Separately, in the coming month, we will update you on our considerable progress in establishing broad distribution in the State of Colorado.
In the coming months I look forward to providing you with further updates and the progress that we are making.
Very truly yours,
Dror Svorai
President and CEO
Vapor Group, Inc.
About the Vapor Group
Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, vaporizers and e-cigarette brands which use state-of-the-art electronic technology and specially formulated, "Made in the USA" e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, American Smoke and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated vaporizes the e-liquid. Because E-cigarettes are not "lit" like regular cigarettes, they don't create flame, smoke from burning, ash, tar, noxious fumes or leftover "cigarette butts". As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Vapor Group, Inc.
954-792-8450
SOURCE: Vapor Group, Inc.
VPOR Q. out - $1mil plus in revenue 50% profit margin
QEDN write up:
QED Connect, Inc. Subsidiary Emerald Med Farms Continues Cultivating Marijuana Sector Legitimacy
August 4, 2014 - InvestorsHub NewsWire - On April 29th, QED Connect, Inc. (OTC Pink: QEDN) announced the acquisition of Emerald Med Farms, LLC. A nearly 300 acre northern California based cultivator of medical marijuana that intends to distribute their product through a California approved cooperative of dispensaries. This should have been big news in the marijuana sector but went virtually unnoticed amidst a cyclical downtrend that began in April, and was further exacerbated through May by SEC warnings of scam marijuana stocks, ultimately leading to several companies having their trading halted.
It didn’t take long for QEDN management to realize they needed to do something unique to send a message to the investing public that this wasn’t just a ploy to dump shares on the market. In early June the company immediately got current on their filings and announced a 40% reduction in their authorized shares. They now boasted a very attractive share structure of approximately 300 million shares outstanding, 200 million shares in the public float, and 600 million shares authorized, down from their previous 1 billion authorized.
In addition to announcing they were current in their filings the company went into further detail regarding their Emerald acquisition. They explained that they already had a crop of marijuana in development, which consisted of two strains, the OG Kush and Sour Diesel strains, as well as providing some background on their medicinal qualities. The June 4th announcement certainly piqued the market’s interest and resulted in 13 million shares traded on the day. This was some of the highest volume in QEDN’s history, but still comparatively low. It seems that prospective investors and critics alike were left with more questions than answers. From the legalities of operating a marijuana farm to whether any of it was even real. The company had stated they expected their first harvest within 45 days of the June 4th PR and it seemed the public was willing to wait and see if they could deliver.
Enter the Wolf OF Weed Street. The social media phenom that focuses seemingly strictly on marijuana and marijuana related companies. Love him or hate him, the Wolf and his team take their due diligence to the level of vetting respective companies up close and personal, usually releasing their findings through pictures, videos, interviews, and blogs. In mid July the Wolf announced that he would be visiting Emerald Med Farms once the scheduling was ironed out.
It currently remains unclear whether Wolf, a team member, or both made the trip to Emerald, but on August 1st, Wolf released pics on his Twitter account. The first being a gentleman standing before what appeared to be approximately 7 foot tall, heavily budding, marijuana plants. Wolf later confirmed that the man was Emerald Med Farm’s GM, Steve Amato. Additional close up photos were also posted of different strains that appear to be in full bloom.
As it stands, QEDN’s Emerald Med Farms appears to have actual marijuana and a lot of it. That’s more than can be said for almost every other marijuana stock out there, some of which are trading at 10 times the market cap of QEDN. For that fact alone the company seems severely undervalued as it has roughly traded between .01 and .03 PPS over the past few months. The savvy marijuana investor may be wise to accumulate shares in this price channel. As more and more marijuana pretenders fall to the way side QEDN could be a sleeping giant. After all, you can’t have a marijuana sector without marijuana and QEDN seems to have the lion’s, or Wolf’s share, if you prefer.
For more info on QED Connect, Inc. and Emerald Med Farms, LLC see: www.qedconnect.com www.emeraldmedfarms.com
Disclaimer:
The opinions expressed are the authors own and do not constitute advice to buy or sell securities in the open market.
Contact:
Matrix Investment Group
otcmatrix@gmail.com
VPOR NEWS! Announces Grand Opening of Second and Third “Total Vapor” Retail Outlets
DAVIE, FL , United States / ACCESSWIRE / Aug 1, 2014 / Vapor Group, Inc. (OTCQB: “VPOR”), (the “Company”, “Vapor Group”), announced today it hasopened its second and third retail outlets with a second retail store at 417 W. Hallandale Beach Blvd., Hallandale Beach, Florida 33009, and with a retail outlet in thePembroke Lakes Mall, 11401 Pines Blvd. #424, Pembroke Lakes, Florida 33026. Both locations are under the “Total Vapor” brand and in extremely highly traffickedareas.
With these additions, Vapor Group now has three retail locations in the greater Miami area, including its flagship store at 14490 Biscayne Blvd., North Miami. Theseopenings are part of the rollout of the expanded “brick-and-mortar” and online retail strategy for the Company’s several brands.
Vapor Group’s President and CEO, Dror Svorai said, “We are excited to already have three retail locations in operation this year. And we will have more openings in the coming weeks. The amount of interest and traffic at retail that we are receiving has convinced us that our strategy is 100% correct in a quickly growing market, and we are now planning an immediate rollout of retail locations beyond Florida.”
He added, “Moreover, we have been repeatedly approached by persons and companies in major metropolitan areas of other States seeking exclusive resale rights or thefranchising of our brands in order to rapidly scale the direct retail sales of our products. We expect to be able to make additional announcements in the coming weeks that will reaffirm our projected growth in 2014.”
About the Vapor Group
Vapor Group, Inc., http://www.vaporgroup.com/, is in the business of designing, developing, manufacturing and marketing high quality, vaporizers and e-cigarette brands which use state-of-the-art electronic technology and specially formulated, “Made in the USA” e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, American Smoke and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-cigarettes consist of a long-life battery, a heating element, a cartridge filled with an “e-liquid” and an atomizer which when heated vaporizes the e-liquid. Because E-cigarettes are not “lit” like regular cigarettes, they don’t create flame, smoke from burning, ash, tar, noxious fumes or leftover “cigarette butts”. As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Vapor Group, Inc.
954-792-8450
Source: Vapor Group, Inc.
EFFI .01 news!! Efftec International, Inc. Announces Strategic Partnership With Online Retailer
TULSA, OK--(Marketwired - Jul 31, 2014) - Efftec International, Inc. (OTC: EFFI), a holding company focused on direct acquisition and development in growth industries, is pleased to announce that it recently has executed a formal Strategic Partnership Agreement with Nemestrinus Ltd. ("Nemestrinus"), a United Kingdom company.
Nemestrinus is headquarted in the United Kingdom, and owns and operates a number of online marketplaces. The marketplace of principal interest to Efftec is Nemestrinus's main site, which can be visited at http://www.bitcoinseedstore.com/. The synergies between Efftec's PotSnob iOS(TM) and the services and markets provided by Nemestrinus are both direct and relevant, and as such, the Companies are very pleased to be working together for mutual benefit.
As a provider of a large number of high-quality, high-potency seed strains to its customer base, Nemestrinus is consistently updating its selection to include new hybrid and 'custom' seed varieties, as well as a variety of other cannabis-related products available through its marketplace. Currently, the Companies are advancing discussions on a number of collaborative efforts which we envision will be highly advantageous to both, and we expect material agreements be agreed upon in the very near future.
Efftec International, Inc. (OTC: EFFI) is a holding company whose focus is the acquisition and development of proprietary technologies. The Company is actively expanding its footprint in the technology marketplace through acquisitions of valuable IP and existing companies with proven business models.
VPOR Awesome News! We are delighted to announce that we have decided to immediately file an amendment to our Articles of Incorporation reducing the number of authorized shares of common stock to one (1) billion from two (2) billion that is, we are cutting it in half. Over time, we will re-evaluate the number of shares of common stock authorized, and if we can cut it further, we will. We believe that this change represents a reduction in the amount of dilution that can impact our shareholders."
The Next Dot-Com-Like Boom will be in the Marijuana Industry:
https://finance.yahoo.com/news/shocking-prediction-next-dot-com-072605533.html
if things keep moving along they are - there will be lots of more money to be made in mj stocks for years to come
Things are getting better for the industry.
Recreational Marijuana Qualifies for Oregon Ballot
SALEM, Ore. — Jul 22, 2014, 7:00 PM ET
Oregon voters will decide whether to legalize marijuana for recreational use after state elections officials on Tuesday said the measure qualified for the November ballot.
The measure would allow adults 21 and older to buy and possess marijuana and would give the Oregon Liquor Control Commission the job of regulating and taxing the drug.
Voters rejected a legalization measure two years ago, but little money was spent promoting it. By contrast, New Approach Oregon, the group behind the initiative, has received contributions from some of the same donors who backed successful marijuana initiatives in Washington and Colorado.
The group submitted roughly 88,500 valid signatures — about 1,400 more than required, election workers said.
"We will ensure that all voters are aware that this is a completely different measure than the measure in 2012," said Anthony Johnson, director of New Approach Oregon. "This measure is much more regulated and restrictive, and we've taken the best from Colorado and Washington and believe that Oregonians are ready to pass a well-regulated measure such as this one."
Law enforcement officials, including sheriffs and district attorneys, oppose the measure. Clatsop County District Attorney Josh Marquis said it makes no sense to increase access to intoxicants.
"We've not done a good job in our state or our society keeping alcohol — a very, very toxic drug — out of the hands of the people who need it the least, which are kids," Marquis said.
Kevin Sabet, director of anti-legalization group Smart Approaches to Marijuana, wondered about the push to legalize marijuana in a state that already has lax penalties for the drug. Possessing up to an ounce of marijuana draws a citation and fine, not a criminal charge.
"I think they're smart and they're going to see what this is about, which is money," Sabet said. "It's going to make a couple of guys rich who are going to profit off the new tobacco industry."
http://abcnews.go.com/Politics/wireStory/recreational-marijuana-qualifies-oregon-ballot-24671475
$FOFU ~ Recently joined in the RMJ/MMJ sector.
Profile: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104513523
Chart: http://stockcharts.com/c-sc/sc?s=FOFU&p=D&b=5&g=0&i=p49642635610&r=1398803230510
Recent News: http://finance.yahoo.com/q/h?s=FOFU+Headlines
MJ Edibles market growing:
http://news.yahoo.com/marijuana-edibles-burgeoning-industry-051741419.html
House votes to allow marijuana-related banking
House votes to allow banks to deal with marijuana-related businesses
. Associated Press
By Andrew Taylor, Associated Press
21 minutes ago
WASHINGTON (AP) -- The House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana.
The 236-186 vote rejected a move by Rep. John Fleming, R-La., to block the Treasury Department from implementing guidance it issued in February telling banks how to report on their dealings with marijuana-related businesses without running afoul of federal money-laundering laws.
Marijuana dealing is still against federal law, so banks who do business with marijuana dispensaries could be accused of helping them launder their money. Federal money laundering convictions can mean decades in prison.
The Treasury guidance was intended to give banks confidence that they can deal with marijuana businesses in states where they're legal. Many banks are still reluctant to do so.
That has forced many marijuana operations to stockpile cash, a situation that shop owners say is dangerous.
"They are operating just in cash, which creates its own potential for crime, robbery, assault and battery," said Rep. Ed Perlmutter, D-Colo., whose state has legalized recreational pot use. "You cannot track the money. There is skimming and tax evasion. So the guidance by the Justice Department and the guidance by the Treasury Department is to bring this out into the open."
The vote is largely symbolic since Treasury already had gone ahead with the guidance, but it demonstrates a loosening of anti-marijuana sentiment on Capitol Hill.
"Whereas the federal government once stood in the way of marijuana reform at every opportunity, the changing politics of this issue are such that more politicians are now working to accommodate popular state laws so that they can be implemented effectively," said marijuana advocate Tom Angell.
A coalition of 46 mostly GOP moderates and libertarian-tilting Republicans joined with all but seven Democrats to beat back Fleming's attempt to block the Treasury guidance.
The underlying measure, however, would block the District of Columbia from implementing a local law decriminalizing pot possession. The D.C. City Council approved a measure reducing the penalty for possession of up to an ounce of marijuana to a $25 fine.
That provision, by Rep. Andy Harris, R-Md., also would block the city from legalizing pot as Colorado and Washington state have done.
DSCR - load the boat!
DSCR ... NEWS...NEWS...NEWS...
BEST PLAY OUT THERE ...
http://www.otcmarkets.com/news/otc-market-headline?id=16287306
VPOR .073 NEWS!! Vapor Group, Inc., VPOR, Announces Grand Opening of "Total Vapor" Retail Store on Biscayne Blvd., North Miami Beach
http://online.wsj.com/article/PR-CO-20140714-904423.html
DAVIE, FL--(Marketwired - Jul 14, 2014) - Vapor Group, Inc. (OTCQB: VPOR), (the "Company", "Vapor Group"), announced today it has opened its first retail store at 14490 Biscayne Blvd., North Miami Beach, FL 33181, under the "Total Vapor" brand name. The new store, which will serve as the Company's "flagship" store, is located on a high traffic main commercial highway in an upscale suburban of Miami. It is the first of five (5) stores planned to open by early August under the "Total Vapor" brand. This opening is part of the rollout of its previously announced expanded "brick-and-mortar" and online retail strategy for the Company's several brands. Store hours will be Mon. - Sat. 10am-7pm, and Sun. 11-6pm.
Vapor Group's President and CEO, Dror Svorai said, "We are delighted to have opened our first store to sell our full line of products. Moreover, in the coming weeks, we will open three more stores in the Miami-Ft. Lauderdale area and one around Orlando for a total of five new stores."
He added, "As I have said before, by year-end we plan to have opened ten retail locations in metropolitan Florida. And based on the stores' performance by year-end, we may decide to further invest in retail expansion in or out of our home State, either by direct ownership, or the offering of a 'business opportunity' or 'franchise' for our products. We are confident that this retail expansion will increase our 2014 revenues and profits."
-news just out- New York Becomes 23rd State To Allow Medical Marijuana
July 7, 2014 1:57 PM
http://newyork.cbslocal.com/2014/07/07/new-york-becomes-23rd-state-to-allow-medical-marijuana/
**Global Hemp Group** $GBHPF Take a look!
Global Hemp Group, a Canadian company with 1,500 acres of hemp farm land, set to harvest roughly 1.5 million pounds of hemp this Fall.
Only 133M Outstanding Shares.
They own 20% of a California-based nutritional company, HempNatura®. Take a look at their website, they sell a variety of all-natural foods, supplements, and body care products. www.HempNatura.com
They are traded on 4 International Exchanges, and just recently started trading here in the States.
Word has yet to spread about this company, it is virtually unknown. A golden opportunity for the lucky few of us who are able to buy in at this level. Low O/S, so as soon as buying pressure heats up, it will roll. Grab your shares and lets make some money!
Retail marijuana sales will begin Tuesday in Washington: Here’s what you need to know
Read more here: http://www.thenewstribune.com/2014/07/05/3273724/retail-marijuana-sales-will-begin.html#storylink=cpy
Washington pot shops prepare for historic sales.
Associated Press
By GENE JOHNSON
3 hours ago
SEATTLE (AP) — With the clock ticking down to the start of legal weed sales in Washington state, store owners hoping to start selling on Tuesday are consumed by details as they try to make sure there's pot on the shelves.
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At Cannabis City, the only recreational marijuana shop that's ready to open in Seattle, owner James Lathrop has hired an events company to provide crowd control, arranged for a food truck and free water for those who might spend hours waiting outside, and rented a portable toilet.
He can only hope his initial 10-pound supply is enough to stone the multitude, and says he may limit purchases to ensure everyone can go home with at least a 2-gram package of history.
A hundred miles to the north, John Evich is trying to figure out how to get the marijuana to his store in Bellingham quickly once it's approved for a license, which should happen Monday. He's considered everything from loading the pot onto his commercial crab boat and rushing it across Puget Sound to renting a helicopter.
One year and eight months after voters in Washington and Colorado stunned much of the world by legalizing marijuana, the sale of heavily regulated and taxed cannabis begins here this week, with the first few stores opening amid talk of high prices, shortages and rationing. Sales began in Colorado at the start of the year.
As many as 20 shops in Washington, out of a planned 300-plus, should receive their licenses on Monday, officials say. They could open at 8 a.m. the next day, but how many planned to be up and running remained unclear as nervous excitement built among industry hopefuls and their potential customers. While Seattle had just one store ready, at least two could open in some smaller cities, including Bellingham, Tacoma and Spokane.
Some shops were frantically calling growers, trying to ensure they'd have enough product. More than 2,600 people applied to grow the marijuana that will be sold, but fewer than 100 have been approved by the state Liquor Control Board's swamped licensing investigators, and many won't be ready to harvest until later this summer.
Even those who already made agreements to buy marijuana — at exorbitant prices, in many cases — weren't sure when it would arrive. State rules require a 24-hour "quarantine" before growers can ship it to customers. What time the stores receive their licenses on Monday will dictate when they can place their order with the growers, and thus how soon the growers can transport it to the stores, which might be hundreds of miles away.
Once it arrives, the stores must verify their bar-coded inventory and enter it into the state's tracking system before they can sell it. Few had confidence the software would be glitch-free.
The challenges were daunting enough that Adam Schmidt, of Clear Choice Cannabis in Tacoma, said he was leaning against opening his store this week even though he expected to be among the first to get a license.
"I don't want people to be waiting in line for four hours and then I have to come out and tell them we don't have any more," he said.
Lathrop, whose shop is south of downtown Seattle, and Evich, an investor in Bellingham's Top Shelf Cannabis, had secured agreements to buy dried marijuana buds from Nine Point Growth Industries in Bremerton, on the Kitsap Peninsula. Workers there rushed to sort its 30-pound harvest into thousands of 2-gram packages, said Gregory Stewart, Nine Point's owner. He spent some of last week struggling with the logistics of transporting the pot to his customers, which also included a shop in southwest Washington, when they all want it immediately.
Evich brainstormed ways to get the bud on his shelves as soon as possible. He thought of using a helicopter to pick it up from Nine Point, but it seemed unlikely helicopter companies would agree. His crab boat might draw the Coast Guard's attention, but driving and waiting in line for a state ferry seemed too slow. Maybe a friend's Bayliner would work.
Once it reaches his store — however it gets there — he said the various strains would fetch $12 to $25 per gram. People often pay $8 to $12 per gram at Washington's unregulated medical marijuana dispensaries.
In Seattle, among those who planned to buy some of the first pot at Cannabis City was Alison Holcomb, the lawyer who drafted Washington's law. She said it was a good opportunity to remind people of the big-picture arguments for ending nearly a century of prohibition, including keeping nonviolent, adult marijuana users out of jail; redirecting profits away from criminal groups; and ending racial disparities in who gets busted.
"No one thought legalization could happen in our lifetime," she said. "I think this is going to be a little overwhelming for me."
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