Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
In 2016, sales of marijuana and marijuana related products surged to almost $7 billion. If that seems like a lot, it’s only just beginning. At this point, almost 30 states have some sort of legalization or decriminalization which shouldn’t be surprising regardless of your views. The continuation of this process is inevitable. As states see not only the progress but the profit from taxes that states such as California are making, all states will push for legalization of the green plant. Go MJTK
Bye bye Sessions! :) https://www.yahoo.com/gma/report-trump-says-not-hired-sessions-given-recusal-004504148--abc-news-topstories.html
I just got more at 0.002 but they only filled half my order.
Guys my Scottrade quote is showing a 900% gain to 0.0009 yet the bid is 0.00 anyone know what is going on? Shows last price 0.001 and my MKT value is over $4000. You guys seeing this?
Thanks for your input guys, I too am a bagholder since November and have been averaging down lately hoping for a run up to at least even. Just being cautious because the old republican guard is in charge right now and a lot of these good ol boys still have their heads back in the Jurassic age (IE Sessions).
I'm hoping the rule of the people, Jobs and the millions of Benjamin's MJ will produce will overcome these ancient politicians. Go MJTK
Looking to buy more but concerned, what if the old Elf gets his way on July 27th then what. What's the consensus here?
Give it more time to flourish, this is a new time for HBRM.
I think your wrong Porky I believe The Elf will not get what he wants. To many constituents (IE Voters) want MJ to succeed. 70% of the US population want MJ Legalized, Congressmen and Senators will pay a heavy price if the people don't get what they want. Prohibition did not work for alcohol and it won't work for MJ. GO GRNH
Things would be much better if Burke took over last year instead of recent takeover, Tew is out now Burke will do a much better job. Let's give him some time to bring CT into the light. Go MJTK
Once they put out news of a 4000:1 RS they lost many investors, I got out and I had high hopes for this ticker but RS is a death blow. I'll see what happens after the smoke clears and what the SP does after the RS.
Why it that hilarious AH, it could only be positive news for the whole sector.
Marijuana Supply In Nevada: A State Of Emergency?
Marijuana Trends & Articles
Jul 11, 2017
0 649
Marijuana-Stocks-Nevada cannabis
Nevada’s governor has authorized a state of emergency declared for recreational marijuana regulations, after the state’s tax authority reported that many stores are running out of marijuana.
The Nevada Tax Commission said in a statement it will consider emergency regulations on July 13 to implement a system for distributing marijuana to retailers. It would allow for liquor wholesalers to become part of the marijuana industry.
How Will More Marijuana Make Its Way To Customers
“Based on reports of adult-use marijuana sales already far exceeding the industry’s expectations at the state’s 47 licensed retail marijuana stores, and the reality that many stores are running out of inventory, the Department must address the lack of distributors immediately,” the statement said. “Some establishments report the need for delivery within the next several days.”
The distribution problem is at the center of a legal battle among the state and Nevada’s liquor industry, which took legal action to get in on the business. Nevada as of now has appealed to the state’s supreme court. The tax authority claimed most liquor wholesalers who have applied to distribute marijuana have currently not to met the requirements to be licensed.
“The business owners in this industry have invested hundreds of millions of dollars to build facilities across the state. They have hired and trained thousands of additional employees to meet the demands of the market. Unless the issue with distributor licensing is resolved quickly, the inability to deliver product to retail stores will result in many of these people losing their jobs and will bring this nascent market to a grinding halt. A halt in this market will lead to a hole in the state’s school budget,” the department said in its statement.
Voters approved recreational marijuana in November. Sales began on July 1 and within the first weekend, the Nevada Dispensary Association said sales were around $3 million.
Nevada pot sales are so high there running out of product the first week WOW. Don't think The Elf is gonna get his way, it's so obvious the USA wants legalization of MJ.
Marijuana Supply In Nevada: A State Of Emergency?
Marijuana Trends & Articles
Jul 11, 2017
0 649
Marijuana-Stocks-Nevada cannabis
Nevada’s governor has authorized a state of emergency declared for recreational marijuana regulations, after the state’s tax authority reported that many stores are running out of marijuana.
The Nevada Tax Commission said in a statement it will consider emergency regulations on July 13 to implement a system for distributing marijuana to retailers. It would allow for liquor wholesalers to become part of the marijuana industry.
How Will More Marijuana Make Its Way To Customers
“Based on reports of adult-use marijuana sales already far exceeding the industry’s expectations at the state’s 47 licensed retail marijuana stores, and the reality that many stores are running out of inventory, the Department must address the lack of distributors immediately,” the statement said. “Some establishments report the need for delivery within the next several days.”
The distribution problem is at the center of a legal battle among the state and Nevada’s liquor industry, which took legal action to get in on the business. Nevada as of now has appealed to the state’s supreme court. The tax authority claimed most liquor wholesalers who have applied to distribute marijuana have currently not to met the requirements to be licensed.
“The business owners in this industry have invested hundreds of millions of dollars to build facilities across the state. They have hired and trained thousands of additional employees to meet the demands of the market. Unless the issue with distributor licensing is resolved quickly, the inability to deliver product to retail stores will result in many of these people losing their jobs and will bring this nascent market to a grinding halt. A halt in this market will lead to a hole in the state’s school budget,” the department said in its statement.
Voters approved recreational marijuana in November. Sales began on July 1 and within the first weekend, the Nevada Dispensary Association said sales were around $3 million.
Marijuana Stocks Could Fly If This Measure Gets Passed
Marijuana Trends & Articles
Jul 7, 2017
0 462
Marijuana-Stocks-Cannabis-gavel
U.S. Attorney General Jeff Sessions is reportedly trying to build support to go after companies that sell marijuana in states that have legalized the drug. However, while the executive branch contemplates fighting marijuana, the legislative branch is taking the opposite approach.
Last week, several U.S. senators introduced legislation that would end federal prohibition of medical marijuana. If this bill ultimately becomes law, one thing is a near certainty: Marijuana stocks will soar.
Senators Corey Booker (D-New Jersey), Kirsten Gillibrand (D-New York), and Rand Paul (R-Kentucky) introduced the Compassionate Access, Research Expansion and Respect States, or CARERS, Act of 2017. The primary goal of this bill to “extend the principle of federalism to state drug policy.” That basically means let the states make their own decisions instead of having the federal government interfere when it comes to legalization of medical marijuana.
The bill would change the Controlled Substances Act in several ways. It would reschedule marijuana and THC (the primary psychoactive chemical in marijuana) as Schedule 1 drugs instead of their current Schedule 2 status. Schedule 1 drugs are illegal under federal law because they have high abuse potential, no medical use, and serious safety concerns. Schedule 2 drugs are not illegal but are controlled because of their high potential for abuse.
This legislation would also specifically exclude cannabidiol (CBD) from the definition of marijuana in the Controlled Substances Act. CBD is a chemical in marijuana that doesn’t have the same level of psychoactive effects as THC does.
In addition, the CARERS Act would eliminate many of the restrictions currently in place that limit the ability of banks to serve companies that sell marijuana-related products. The bill also would require the U.S. Food and Drug Administration to make it easier for companies to research and develop cannabinoid drugs.
Stocks set to take off
Passage of the CARERS Act would undoubtedly cause stocks of U.S.-based marijuana growers to skyrocket. Stocks of companies that maintain that they’re already operating in compliance with federal marijuana laws, such as Medical Marijuana, Inc. (NASDAQOTH: MJNA), would also soar. Medical Marijuana, Inc. markets CBD products that it makes from parts of marijuana that are currently excluded from the Controlled Substances Act.
However, these wouldn’t be the only stocks to benefit if the legislation becomes law. Biotechs that develop marijuana-based drugs could also rise if restrictions on research and development of cannabinoids in the U.S. are eased. Currently, companies like GW Pharmaceuticals (NASDAQ: GWPH) conduct their research outside of the U.S. because of tight restrictions.
Good news for companies that grow medical marijuana would also likely be good news for another stock — Scotts Miracle-Gro Company (NYSE: SMG). Scotts Miracle-Gro is the largest provider of supplies that marijuana growers use. The company sells fertilizers, lighting, and hydroponic supplies that are critical in growing marijuana.
Marijuana Stocks Could Fly If This Measure Gets Passed
Marijuana Trends & Articles
Jul 7, 2017
0 462
Marijuana-Stocks-Cannabis-gavel
U.S. Attorney General Jeff Sessions is reportedly trying to build support to go after companies that sell marijuana in states that have legalized the drug. However, while the executive branch contemplates fighting marijuana, the legislative branch is taking the opposite approach.
Last week, several U.S. senators introduced legislation that would end federal prohibition of medical marijuana. If this bill ultimately becomes law, one thing is a near certainty: Marijuana stocks will soar.
Senators Corey Booker (D-New Jersey), Kirsten Gillibrand (D-New York), and Rand Paul (R-Kentucky) introduced the Compassionate Access, Research Expansion and Respect States, or CARERS, Act of 2017. The primary goal of this bill to “extend the principle of federalism to state drug policy.” That basically means let the states make their own decisions instead of having the federal government interfere when it comes to legalization of medical marijuana.
The bill would change the Controlled Substances Act in several ways. It would reschedule marijuana and THC (the primary psychoactive chemical in marijuana) as Schedule 1 drugs instead of their current Schedule 2 status. Schedule 1 drugs are illegal under federal law because they have high abuse potential, no medical use, and serious safety concerns. Schedule 2 drugs are not illegal but are controlled because of their high potential for abuse.
This legislation would also specifically exclude cannabidiol (CBD) from the definition of marijuana in the Controlled Substances Act. CBD is a chemical in marijuana that doesn’t have the same level of psychoactive effects as THC does.
In addition, the CARERS Act would eliminate many of the restrictions currently in place that limit the ability of banks to serve companies that sell marijuana-related products. The bill also would require the U.S. Food and Drug Administration to make it easier for companies to research and develop cannabinoid drugs.
Stocks set to take off
Passage of the CARERS Act would undoubtedly cause stocks of U.S.-based marijuana growers to skyrocket. Stocks of companies that maintain that they’re already operating in compliance with federal marijuana laws, such as Medical Marijuana, Inc. (NASDAQOTH: MJNA), would also soar. Medical Marijuana, Inc. markets CBD products that it makes from parts of marijuana that are currently excluded from the Controlled Substances Act.
However, these wouldn’t be the only stocks to benefit if the legislation becomes law. Biotechs that develop marijuana-based drugs could also rise if restrictions on research and development of cannabinoids in the U.S. are eased. Currently, companies like GW Pharmaceuticals (NASDAQ: GWPH) conduct their research outside of the U.S. because of tight restrictions.
Good news for companies that grow medical marijuana would also likely be good news for another stock — Scotts Miracle-Gro Company (NYSE: SMG). Scotts Miracle-Gro is the largest provider of supplies that marijuana growers use. The company sells fertilizers, lighting, and hydroponic supplies that are critical in growing marijuana.
When does the Q3 Fins come out.... Go GRNH
If all goes well with the DOJ report (July 27th) Yes MJTK should benefit and stock price should move up. A positive DOJ comment or direction on Rec and Med MJ would attract many more serious investors to the MJ market in USA. JMHO.
PS Rec and Med MJ legal in Nevada as of midnight tonight
I'm in and will keep buying shares as long as it remains at 0.0001. I want to accumulate another 10 to 20 Million shares before it runs. Go HBRM
Sorry guys I'm out lost to much already, impending RS scares the S**T out of me, they rarely work out for a company. I'll wait and see what happens after the RS. Good Luck to all who stay.
California cannabis rules taking shape: Q&A with MJ attorney Khurshid Khoja
By John Schroyer
California took a big step forward in June by passing a law designed to streamline government oversight for the state’s medical and recreational marijuana industries.
Because the new measure combines two laws, it’s complicated.
So Marijuana Business Daily enlisted cannabis attorney Khurshid Khoja to help break it down.
The new law – a “trailer bill” proposed by Gov. Jerry Brown – bears the cumbersome title of Medical and Adult Use Cannabis Regulation and Safety Act, or MAUCRSA for short.
The former MMJ law, passed in 2015, was called the Medical Cannabis Regulation and Safety Act (MCRSA); the rec measure, approved in 2016, was dubbed Adult Use of Marijuana Act (AUMA), though it was also known as Proposition 64.
Here’s how Khoja – founder of Greenbridge Corporate Counsel and founding board member of the California Cannabis Industry Association – sees the state’s current marijuana landscape.
Is this a regulatory improvement from a business perspective?
Absolutely. Not only does the trailer bill harmonize conflicting aspects of MCRSA and AUMA, it does so in a way I think is a net positive for the industry, for investors and for businesses. One of the main structural changes we see is that MCRSA is actually repealed and is being replaced with MAUCRSA, which takes some elements of MCRSA and AUMA and melds it into this new law.
One of the major features worth noting is there’s no more mandated third-party distribution. That was a big bone of contention in the industry in California, that MCRSA had mandated third-party distribution and AUMA did not.
And that was by design – when the drafters came to the industry asking for input, that was an element that I and others asked to omit from AUMA to avoid the forced breakup of existing vertically integrated and self-distributing businesses.
The new law would also broadly permit vertically integrated businesses by deleting MCRSA restrictions on cross-licensing. There are still some cross-licensing restrictions, but those only apply to the Type 5 unlimited canopy cultivation licenses – and those aren’t even available until 2023. So if you’re a Type 5, you can’t hold a distributor, testing lab or microbusiness license. But you can still hold retail and manufacturing licenses.
For everyone else other than labs, it’s very open. They can hold any combination of licenses other than lab licenses. That’s a net improvement.
Will there be a residency requirement, or will the California market be open to anyone who wants to jump in?
MCRSA didn’t have one, AUMA did have one, and that was going to be effective through 2019. That is gone. So there’s no longer any residency requirement to hold a controlling interest in a licensed adult-use entity.
That sounds like a significant development, given the amount of interest in the California market.
I get significant interest from Israelis, I get the Dutch, I get the Canadians, I get everyone from all over wanting to participate in the California adult-use market. It’s definitely not isolated to U.S. business interests in the other cannabis states.
Will companies still have to obtain both a local and state permit – or a local license as a prerequisite to obtaining a state one?
Under MCRSA, a local license was a prerequisite before you could apply and obtain a state license. Under the AUMA, that’s not the case, but you still must comply with local law.
So if the locals say, “You’re out of compliance” or “We don’t want you here,” that’s going to preclude you from getting a license under the AUMA. But you don’t have to show up with a local license in hand in order to be eligible.
Basically, the MAUCRSA adopted the AUMA approach, in which the locals still have the ability to pass ordinances on land use and business licensing, and they can force businesses to comply. If any business that holds a state license doesn’t comply (with local law), they risk having that license withdrawn.
Also, if you’re an existing operator who wants to continue operating past January 1, 2018, while your permanent state license is pending, then it’s still necessary to have a local permit, license or authorization that explicitly says you’re allowed to operate in that jurisdiction. That local approval will qualify you for a temporary state license to operate in 2018. Without a temporary license, your business cannot operate until you have a permanent state license.
Any downsides, from a business perspective, to the regulatory merger?
There is still some conflicting language on whether a single license can operate more than one licensed business on a single licensed premise. So if you’re a vertically integrated manufacturer, cultivator and retailer, you may still have to get different premises on which to operate each of those businesses – unless you’re a microbusiness, in which case you are explicitly permitted to operate all those on one premise.
There’s also still a distinction between medical and adult-use licenses. So you can have a retailer that has both adult-use and medical licenses, and it’s uncertain whether you can operate both on the same premises.
We’re getting different views from industry lobbyists, from the governor’s office and also from the regulators themselves on how they interpret the trailer bill’s language – although no one seems to disagree the intent is to allow co-location of licensed businesses held by a single licensee. So that will need to be addressed in either follow-on legislation or in agency regulations.
Certainly, it wouldn’t be tenable to have a retailer who has both a medical license and an adult-use license having to get two different premises to operate those. It should be one premise, but that’s not how the law currently reads.
Other high-level items worth noting: There wasn’t any accommodation for delivery-only licenses previously under AUMA or MRSA, and now there is. You will have to have a licensed premise, but that premise won’t have to be open to the public. So you can have a delivery-only retail operation and be licensed for that, which is a big improvement.
Another big improvement is that the trailer bill provides for temporary event licenses. There were questions about all these consumer-focused events that we have in California where there is consumption onsite. Those were in a gray area under both MRSA and AUMA, and now there’s language that explicitly says those types of licenses may be granted for people to sell cannabis for consumption at outdoor events where local laws allow it.
How much of the industry will still be determined at the local level, as opposed to state? Is California going to remain a patchwork of industry rules, from town to town or county to county?
There is explicit language in the trailer bill that says nothing in the new act can preclude or prevent or otherwise obstruct locals from passing any relevant licensing or land-use ordinances they want. So there’s no limit on what locals can do.
The cities and counties are very powerful in state government, so it’s not unexpected they would retain broad local control. So quite a bit of deference and, with it, the possibility of variation among local jurisdictions.
But the amount of variance depends on when a county or city comes online. If they’ve come online since the passage of the MCRSA, you’ll see what they’re adopting is a lot closer to that. So, yes, there’s going to be a patchwork in the sense there will be different local laws to comply with.
But I think that, by and large, a lot of those are going to conform to the state laws, so there’s ultimately not a lot of daylight between the two or among local jurisdictions that license and regulate the cannabis industry.
This interview has been edited for length and clarity.
John Schroyer can be reached at johns@mjbizdaily.com
Daily News | California Medical Cannabis Business & Marijuana Legal News | Featured | Legal & Regulatory News for Marijuana Businesses | Recreational Marijuana News
June 27, 2017
Nevada recreational marijuana sales to launch Saturday
June 27, 2017
Canadian firm strikes deal to cultivate MJ in southern Africa
June 26, 2017
Alaska to weigh three onsite marijuana consumption proposals
June 26, 2017
Massachusetts picks panel to draft rec cannabis compromise
June 26, 2017
Chart: Cannabis industry employs 165,000-plus workers
June 23, 2017
Nevada enacts plan to start adult-use marijuana sales July 1
14,000+ cannabis business leaders and investors
•630+ exhibitors ready for serious business discussions
•Early Bird deadline ends August 24th
Nevada recreational marijuana sales to launch Saturday
Licensed Nevada medical marijuana dispensaries can start selling recreational cannabis as planned on Saturday despite an ongoing legal battle, state officials said.
Nevada intends to appeal a district judge’s order that only alcohol wholesalers can obtain cannabis distribution licenses, but that won’t affect the state’s plan to start retail sales, a Department of Taxation (DOT) spokeswoman said Monday.
The judge ruled in favor of the Independent Alcohol Distributors of Nevada, who filed suit to halt the issuance of distribution licenses. They argued that only licensed liquor wholesalers qualify for the marijuana distributor licenses.
Regulators, however, say they have the authority to issue distributor licenses to existing medical dispensaries if there aren’t enough applicants from the alcohol industry to meet demand.
Meanwhile, the Nevada Tax Commission approved emergency regulations requiring marijuana businesses to meet stricter labeling and packaging requirements. The rules prohibit, among other things, edibles modeled after products marketed primarily to children or bearing likenesses of animals, fruit or cartoon characters.
Nevada’s early adult-use program – in which only licensed MMJ dispensaries can sell rec cannabis – is scheduled to run Saturday through January. The full rec program is expected to begin in 2018.
Once the program fully launches, Nevada officials estimate tourists will account for 63% of the state’s recreational marijuana sales. More than 40 million tourists visited Las Vegas last year, and that demand potentially could make Nevada’s market bigger than Colorado’s and Washington state’s, observers predict.
No movement on the Volume or the SP what's up.
Thanks invest007 please let us all know what the reply to your PM to DL is when and if you get it. Still hoping for an SP rise soon and no RS needed. Thanks again and GLTA
Anyone have thoughts on when the RS might happen and what the ratio might be? 1:4000 would wipe me out I'd be left with 1000 shares, if that happens the SP would have to go to $15 a share just to make 15,000 I don't see that happening. Also it could go further down after the RS I feel royally screwed if in fact there is an RS. I thought they were going to retire millions of shares not wipe out shareholders. Very, very disappointed and pissed off.
Big news coming "Next Week" Hold on to those shares. MJTK $$$$$$
"ANTI-MJ MOVEMENT" IS LOSING BATTLE;_"PRO-MJ_MOVEMENT"_IS_"WINNING_BATTLE!!!
NOW "28" STATES HAVE LEGAL "MEDICAL" MJ_LAWS_INCLUDING_CALIFORNIA, GRNH's_HOME!!!_http://medicalmarijuana.procon.org/view.resource.php?resourceID=000881
Pinky getting upset, he knows the squeezeeeeee is coming. Go MJTK
HBRM up 100% almost 124,000,000 GO HBRM $$$$$$$$$
Holding all my shares also CT will Launch sometime bet now and Mid July. Boom Time Coming MJTK $$$$$$$$$$
Buy low sell high CT rollout coming soon... "BOOM TIME"
Even if there is a RS I don't think it will be near 1:4000. If we get celebrity backing and it takes off like I expect NO RS. GLTA
Up 66% Millions of shares will be retired with "NO RS" IBRC
Expecting a CT rollout over the next few weeks... GLTA
Let's hope this is an over reaction to something that has not and may not happen. If that's the case this is some buying opportunity. Good luck to all of us who are staying and waiting for good news.
Report: Sessions Dined With Lobbyist For Russian Corps, Omitted It In Testimony
http://talkingpointsmemo.com/dc/sessions-lobbyist-russian-meeting-trump
Is this really true all of a sudden a 1:4000 RS if so when will it happen. This is a complete shock for me sickening news, just before Fathers Day too. I thought they were going to retire shares not screw us with an RS. I hope it falls through and they go the other route instead.
That's your exceptionally bias opinion. MJTK
Once CT is rolled out we will see a major RUN on MJTK. Soon my friends........
Agree 100% we need a PR stating we have a celebrity endorsing the company's products, that will take this to the "Moon And Beyond". I wouldn't be surprised if something was in the works. Go HBRM