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No fed tapering, real estate market and uneployment still too high, IMO.
Up only 4% on this news....
Gee, I wonder why???????
Hearing over . . . GLTA tomorrow.
This hearing was a good start in the right direction for MJNA supporters. IMO.
Tough choice to hold or sell for nice profit overnight, may gap up tomorrow.
Yupp! Sheriff wants to treat it like cigarettes and alcohol.
Close down shops that are unlicensed.
Control underage consumption.
Write citations to those that abuse the State Laws.
Sheriff of King County, Seattle stating that war on marijuana has been a failure.
"Seed to sale" control mentioned a few times.
Guess who that means, Monsanto - Big Pharma?
Sounds like Leahy was nudging toward heavy regulation, like cigarettes and alcohol. Panelist agreeing that "money" should not go to black market, but state coffers...
New Jersey Gov. Chris Christie's medical marijuana revisions pass Assembly
By Allie Malloy, CNN
updated 5:39 PM EDT, Mon September 9, 2013
(CNN) -- The New Jersey General Assembly passed a medical marijuana bill Monday that will "ease access" and expand patient options, including allowing qualified children to consume edible forms of marijuana.
The bill, which has undergone numerous amendments, has passed in the Senate and needs Gov. Chris Christie's signature to become law.
Christie vetoed the original bill in August and said he would sign legislation that included a rule that edible marijuana would be dispensed only to minors and that a psychiatrist and a physician both would have to approve before a minor could join the program.
The final version of the bill -- which was approved in a 70-1-4 vote -- includes both of Christie's demands, according to a news release from the New Jersey Assembly Democrats.
Christie said last month he was worried about going "down the slippery slope of broadening a program and making it easier to get marijuana that wouldn't necessarily go to other people."
The bill was originally proposed after Brian and Meghan Wilson of Union City began a campaign to get what could be life-saving treatment for their 2-year old daughter, Vivian. She suffers from Dravet syndrome, a severe form of epilepsy for which anti-seizure medicine is ineffective, according to the news release.
"For Vivian and many children like her, marijuana may be the only treatment that can provide life-changing relief," Assemblywoman Linda Stender, who sponsored the bill, said in the news release. "As a state, we should not stand in the way of that, and today's vote is definitely a step forward."
The bill also removes the limit on the marijuana strains that may be cultivated and requires parental permission, according to the release.
If Christie signs the bill, it would make edible marijuana available to minors through tablets, capsules, drops or syrups, according to the release.
"We are happy that this is finally being signed into law," Brian and Meghan Wilson said in a statement.
"Our next focus will be working ...to ensure that this law is properly regulated according to the true intent of the law so that Vivian and all of the other patients in New Jersey can finally start getting the type of medicine they need in the form they need."
Stender told CNN that this was a great step but that there is still work to be done, citing the requirement of two to three doctors' approvals for a minor to be prescribed medical marijuana.
Opinions on the use of marijuana, particularly for medical purposes, have shifted in the United States in recent years, with a growing number of people saying that it should be made available by prescription.
"Protection of our children remains my utmost concern, and my heart goes out to those children and their families who are suffering with serious illnesses," Christie said last month.
Representatives from Washington and Colorado will be testifying.
Hmmm... I think there will be a positive spin on MJNA legalization. IMO.
GLTA.
OFFICIAL HEARING NOTICE / WITNESS LIST:
September 4, 2013
NOTICE OF COMMITTEE HEARING TIME CHANGE
The hearing entitled “Conflicts between State and Federal Marijuana Laws” originally scheduled before the Senate Committee on the Judiciary for Tuesday, September 10, 2013 will now begin at 2:30 p.m., rather than the previously scheduled time.
By order of the Chairman.
Witness List
Hearing before the
Senate Committee on the Judiciary
On
“Conflicts between State and Federal Marijuana Laws”
Tuesday, September 10, 2013
Hart Senate Office Building, Room 216
2:30 p.m.
Panel I
The Honorable James Cole
Deputy Attorney General
U.S. Department of Justice
Washington, DC
Panel II
The Honorable John Urquhart
Sheriff
King County Sheriff’s Office
Seattle, WA
Jack Finlaw
Chief Legal Counsel
Office of Governor John W. Hickenlooper
Denver, CO
Kevin A. Sabet, Ph.D.
Co-founder and Director, Project SAM
Director, Drug Policy Institute, University of Florida
Cambridge, MA
Congressional hearings tomorrow on MJNA will definitely cause a move in stock price.
Nope, it is not. Possibly institutional investor or Fairholm.
Only a third of my order went in on the N shares.
Will wait and see if Fairholm convinces any other institutions to buy in.
FYI Fairholm is buying and rec. the preferred shares.
Bought a few preferred at EOD.
GLTA.
Some preferred shares are getting snapped up.
Wondering if those are a safer investment? Any thoughts?
http://www.denverpost.com/dnc/ci_23977118/pot-guidance-punts-unanswered-questions-back-congress
The U.S. Department of Justice's guidance Thursday on marijuana essentially punts the remaining questions back to Congress to create new laws around the issue.
Still unclear is how marijuana-based businesses can conduct banking, since many commercial institutions are still wary of dealing with a business at odds with federal law. Also unclear is what another attorney general would say on the same issue, Colorado's members of Congress said Thursday.
Read more: Marijuana stance punts unanswered questions back to Congress - The Denver Post http://www.denverpost.com/dnc/ci_23977118/pot-guidance-punts-unanswered-questions-back-congress#ixzz2dTpsJpOi
Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse
Follow us: @Denverpost on Twitter | Denverpost on Facebook
Still holding through the Congressional Hearings in a few days. The hearing will probably clear up alot of the issues and may hint on the DEAs classification of MJNA.
GLTA.
Will add a bit more if it goes below .15
This will move much higher than when it did with Sanjay's CNN report as Eric Holder, as U.S. Attorney General, can drastically change how MJNA is viewed in the US and eventually to decriminalize it.
Alcohol causes more injuries, deaths and illnesses than MJNA. McDonald's probably causes more illnesses and deaths than MJNA.
MJNA, as a illegal product, only continues to line the pockets of international cartels, BIG drug dealers, SMALL drug dealers and gangbangers.
Regulate it and tax it. Like alcohol and cigs.... no brainer!
Hey, at least your in, don't get greedy.
I heard the news on Public Radio, can you believe that?
Bought more at .15 while sitting in my car in parking lot... thank God for mobile technology!!!!!
Keep in mind that news came out late in the trading day and no after hours trading with this. Gonna get up pretty high tomorrow then long weekend. Then Congressional hearing on pot on September 10.
Hmmm... I have my hammer, where's my piggy bank.....
GLTA.
A few up days are coming.... here we go...
They split part of the "loot" with you....
Just being a bit cynical.
GLTA.
Don't forget that the stock market is about making money...
They will not lose the Court case.
Everyone just wants a piece of the pie.
They are selling assets to focus on Pasca. My gut feeling is that they will have things sorted out this year with the Court and then focus on getting the mine online asap.
Mining is a industry in many of these regions as with any industry there are just as many people that want the mining companies, that provide employment to locals as there are people that oppose them for environmental concerns.
ABX selling assets on long term bet that once Pascua-Lama online this will easily reach $30 - $40.
Patient, long term investors, will reap the rewards.
I continue to buy on dips.
Git ur gold!
Mid east going to war...
Does Egypt have nukes? Yikes!
Lucky enough to obtain more shares at .20.
MJNA will creep up slowly into the low .30s IMO. Has done so in the past.
GLTA
Doh! should've bought some more!
Somonathing is brewing... maybe this weekend...that is why they are called insiders...
GLTA
FYI,
All pot stocks up!! Hmmm....
Eric Holder may address MJNA through federal sentencing reform, IMO.
Kinda makes him look not so lax on drug use, but addresses States decisions to legalize use.....
Gold down $19.90 for future delivery. Under $1300, I would wait and see... IMO.
Lots of downgrades recently. May still go down a bit more.
Good price to get in if you plan to hold a couple of years, IMO.
I said that because I thought it may go lower after earnings and the write down. Would have been good to pick up additional shares at lower price, but it has held up pretty well so far.
Keeping a eye on it for a drop, but it looks like all the bad news is baked in.
Choice now is do you buy here and hold until Pascua (sp?) comes online?
GLTA
Buy, rinse, repeat.
Good time to buy in after tomorrows earnings...
In at $13.90.
I am getting too greedy, will sell a chunk should it hit lower levels.
Ouch if you bought 2 days ago, not ouch if you bought 10 days ago.
GLTA.
Will settle at $22-$25 IMO. Still money to be made.
Shorts go squish!
Nice, steady chart. . .
Will be interesting tomorrow in premarket...
I hear that there is a large short position on ABX should be able to pop a few dollars before end of month, $26 would def. be nice!