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I have been saying all along this is going to POP soon!!! Wait till next week if you think this is something. I'm calling for 0.07 to 0.10 just before the elections (one to two days before) and after the vote YES on prop 64 Nov 8th KABOOM!!!!!!! WOFA $$$$$$$ GLTA
Lot's of people waiting to jump in after the Meeting.
Morning Boys, It's going to be a very GREEN Xmas. We should see a nice move up today. GLTA
YS and BT I'll go one better I'll buy both a car (Used of course)
OK boys, let's leave this on the floor for now. Have a great weekend guys. Go WOFA $$$$$$$$$$$$$$ GLTA.
Hey Yesterdaysnews if we gain 3000% I want dinner! Lobster and prime rib will do nicely LOL. Run Baby Run, next week is looking better and better to me for higher highs. GLTA
Vital information on WOFA
TYLER, TX- Wisdom Homes of America, Inc. (the "Company") (OTC PINK: WOFA) concentrates on licensing products and technology benefiting the cannabis patient and consumer.
The Company has signed a definitive Licensing Agreement with Canna Delivery Systems, Inc., a wholly owned subsidiary of Lifestyle Delivery Systems, Inc. (OTCQB: LDSYF), pursuant to which the Company has licensed the CannaStrips brands for Northern California. Through the Licensing Agreement and the technology provided, the Company will have the ability to produce, market and sell CannaStrip branded products.
"Since our announcement that we're re-entering the cannabis space, we've received a significant amount of interest from both the retail and distribution sides of the marketplace," states Jim Pakulis, CEO of WOFA. "Part of the interest has to do with our management's strong, successful track record in the cannabis industry in which we orchestrated the growth of General Cannabis from zero to $16 million in annual sales in less than two years; and part has to do with the CannaStrips product itself. CannaStrips are cannabis infused oral strips (similar to breath strips), providing an exacting and controlled dosage of cannabis, without the health risks associated with smoking or potential chemical inhalation associated with some smokeless inhalers. The reasons we chose to re-enter the marketplace with CannaStrips is that we believe CannaStrips offers high quality ingredients and consistent dosages at very strong price points. In my opinion there are very few, if any, products like this with such strong upside potential.
"One of the most important aspects of the licensing agreement is the territory. We have the rights to distribute in what is arguably the largest cannabis region in the United States, Northern California. And 2016 is again seeing strong sales in the medicinal and recreational cannabis space which we believe will continue on this trajectory for at least another five years," according to Jim Pakulis.
The Company plans on filing for a name change in the near future. The Company also announced that effective January 29, 2016 the "D" was dropped from its symbol and it is again trading under the ticker "WOFA".
About Wisdom Homes of America, Inc.
Wisdom Homes of America, Inc., located in Tyler, Texas, has discontinued its manufactured housing retail centers. The Company concentrates on licensing products and technology that benefit the cannabis patient and consumer. The Company's common stock trades on the OTC Pink, under the ticker symbol "WOFA". More information about Wisdom Homes can be found at http://wisdomhomesofameric
Today : Friday 21 October 2016
Click Here for more Wisdom Homes of America, Inc. Charts.
Picking up some green right now, looking for a green close. Expecting some positive action starting next week. If you are going to buy this ticker now's the time.
Like I said in the past, not selling 1 share, especially before Nov. 8th. Lot's of money to be made here on MOMO alone. WOFA distributes Canna Strips a simple and convenient way to Aleve pain using a medical MJ product. California Prop 64 will boost the whole MJ sector. This I am sure of and I'm all in.
I was up all night and fell asleep, woke up and saw up almost .04 WOW!!!!!! Quote-> Where gonna need a bigger boat LOL. GRNH $$$$$
This is going to be sooooooooooo "BIG"
Polls: Marijuana legalization gaining steam nationally and in MA
Two new polls show cannabis gaining major ground with U.S. voters, with one finding that 60% of Americans want marijuana legalized and another discovering 55% support in Massachusetts for a ballot measure that would legalize recreational cannabis.
The national poll, by Gallup, represents the broadest support for cannabis legalization in the United States since Gallup began asking voters about it in 1969. That year, support registered at 12%, the Washington Post reported.
Conference Deadline ApproachingIt’s also an increase from a poll released a week ago, by the Pew Research Center, which found that 57% of American adults back legalization.
The Massachusetts study, however, could have more immediate significance, given the state’s voters will decide whether to legalize adult-use marijuana on Election Day next month.
That study, conducted by MassINC Polling, found that only 40% of voters are opposed to Question 4, the ballot measure that would legalize rec MJ in the state. Those numbers suggest that the pro-marijuana campaign there has been gaining ground in recent months.
Lot's of legalization propositions on the ballot in more and more states. WOFA $$$$$$$$$$$$$$
Polls: Marijuana legalization gaining steam nationally and in MA
Two new polls show cannabis gaining major ground with U.S. voters, with one finding that 60% of Americans want marijuana legalized and another discovering 55% support in Massachusetts for a ballot measure that would legalize recreational cannabis.
The national poll, by Gallup, represents the broadest support for cannabis legalization in the United States since Gallup began asking voters about it in 1969. That year, support registered at 12%, the Washington Post reported.
Conference Deadline ApproachingIt’s also an increase from a poll released a week ago, by the Pew Research Center, which found that 57% of American adults back legalization.
The Massachusetts study, however, could have more immediate significance, given the state’s voters will decide whether to legalize adult-use marijuana on Election Day next month.
That study, conducted by MassINC Polling, found that only 40% of voters are opposed to Question 4, the ballot measure that would legalize rec MJ in the state. Those numbers suggest that the pro-marijuana campaign there has been gaining ground in recent months.
Well your right about one thing at least (Milktoast), bigharma drugs do get you addicted. Their drugs may help with some medical problems but they hurt you in many other ways. Just look at all the warnings on their labels. MJ no side affects because it's all natural. GRNH $$$$$$$$$$$$ GLTA
Remember the old saying money doesn't grow on trees, well it does now WOFA $$$$$$$$$$
Pot entrepreneurs have high expectations for a future market in legalized marijuana.
marijuana joints thinkstock
(Photo: Thinkstock)
Story Highlights
Investors scramble for stakes in billion-dollar market for legal marijuana
The great green hope: 14 more states will legalize cannabis by 2017
From stigma to federal wariness, many hurdles still remain
Brendan Kennedy and Michael Blue are nice boys. Really. They're bankers. Yale MBA classmates. Wearers of ties.
And, if luck and changing laws cooperate, they'll be drug barons of a certain kind.
Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall's legalization of most personal pot consumption in Colorado and Washington state. They're running a Seattle private-equity fund, Privateer Holdings, designed to buy up the smaller marijuana-related businesses to create one big fat one.
After Washington and Colorado, the pot business is, if not mainstream, at least ready to push toward it. Advocates hope to legalize personal use in another 14 states by 2017, mostly among the 16 states besides Washington and Colorado where medical pot is legal (it's also legal in Washington, D.C.). Industry estimates say today's $1.5 billion legal market could quadruple by 2018.
The public is trending toward legalization. In a Pew Research Center poll released Thursday, a majority of Americans (52%) favored legalization, the first time that threshold has been reached since polling on the issue began in 1969.
What's striking is how conventional many of the business people's backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer's strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it's called a "roll-up."
Privateer Holdings
From left, Michael Blue, Christian Groh, and Brendan Kennedy of the Seattle private-equity fund Privateer Holdings. (Photo: Nick Adams for USA TODAY)
Just don't say that word to Kennedy, unless you want him to blush. Scratch the term "growing the business" — he catches that one in midsentence, correcting his wording to "expand.'' And forget weed, ganja or pot. He uses the scientific term, cannabis. And the cannabis business is good, he says.
"We're building the first all-inclusive name brand in the cannabis business,'' Kennedy declares earnestly. "And it doesn't include Bob Marley, or the Grateful Dead, or …''
"Or puns,'' Blue says drolly. "There are so many.''
Jokes aside, the striking thing about the new gold rush in pot is how familiar it sounds to people used to the technology business.
Just like Silicon Valley entrepreneurs, start-up pot investors such as Kennedy, Blue and ArcView CEO Troy Dayton — whose company runs an angel-investor network matching companies with rich activists — talk about how big and fragmented the market is, and how the relative handful of legal businesses out there lack the leadership and tools they need to (sorry, Mr. Kennedy) grow the industry. That leaves the field open for people who can bring capital and experience, they say.
That part is true. The best way to estimate the potential size of the legal market for cannabis begins with the illegal market — which is somewhere north of $18 billion a year in pot Americans consume already, said Harvard economist Jeffrey Miron. The trade journal Medical Marijuana Business Daily says the $1.5 billion legal market could reach $6 billion by 2018.
The challenges are myriad. Some are specific to selling a product still illegal in most states. But others are very ordinary, thanks partly to the business' Bohemian roots.
"It's not an industry loaded with operating talent,'' said Josh Rosen, a former Credit Suisse stock analyst who runs Phoenix-based MC Advisors, which backs renewable-energy companies and is, well, experimenting with pot. "But the economics are very similar to other businesses. You can run a Harvard Business School analysis.''
It's hard to say exactly how many people are trying to make pot a business like any other. About 2,000 legal dispensaries are open around the United States, estimates Kris Krane, managing director of Phoenix-based consulting firm 4Front Advisors. Privateer and Dayton's group are the biggest publicly announced clusters of investors. There are even a handful of public companies: The most valuable, San Diego-based Medical Marijuana, is worth about $200 million.
Increasingly, the cultural overlap between the pot business and just plain business is occurring because they're attracting the same people.
Adam Wiggins, a member of Dayton's investor network, sold software-as-a-service company Heroku to Salesforce.com for $250 million. Alan Valdes, chairman of Seattle-based Diego Pellicer — which plans 24 upscale marijuana shops as the anchor of what he hopes will become a Harley-Davidson-like lifestyle brand — is director of stock-exchange-floor operations for DME Securities. He appears sometimes on CNBC, talking about stocks. Kennedy, meanwhile, came from Silicon Valley Bank.
"The industry has grown up a lot since we launched in 2011,'' said Chris Walsh, editor of Medical Marijuana Business Daily. "It was the activists and hippies. We're seeing more grownups over the past two years, and accelerating in the last six months.''
Others involved still have an eye on the politics of the industry, as well as the economics. Dayton, for example, was chief fundraiser for the pro-legalization Marijuana Policy Project until 2010. Wiggins, who's on MPP's board, said they're not mutually exclusive.
"Almost any software you can think of is made by someone who enjoys a toke,'' he said.
BUT STILL DIFFERENT
Even so, selling pot is a federal crime — something that seeps into business conversations like smoke wafting under bedroom doors.
Many investors, including Privateer, plan to cut their risk by not buying and selling marijuana itself, Kennedy and Dayton said. MJ Freeway Software Solutions helps pot-dispensary owners document supply chains once considered evidence of conspiracies, while Krane advises them on how to adapt best practices on prosaic issues such as store design and human resources policy from top retailers like Old Navy.
Privateer's first buy was Leafly, a Yelp-like website and mobile app that reviews 500-plus strains of cannabis, luring 2.3 million monthly visitors. The heavy traffic has allowed Leafly to begin selling ads. Several help pot entrepreneurs who can't otherwise buy insurance because most insurers think their businesses are too risky, said Patrick McManamon, managing director of Cleveland agency Cannassure.
The people at the most legal risk, Kennedy and Blue reason, are marijuana dispensary owners, because the federal government could raid the stores and confiscate the investment. That stance may represent an abundance of caution: President Obama, whose memoir paints him as a regular pot smoker in his high school days, said in December that prosecutors have "bigger fish to fry'' than recreational pot users.
"We've never seen a consulting firm become a target,'' said Krane.
Citing a 2009 Department of Justice memo that said federal prosecutors shouldn't use resources to pursue marijuana businesses clearly complying with state law, he said he should be safe if he only serves clients licensed in their home states. But a different DOJ memo in 2011 said large-scale pot growing, even for medical marijuana shops, is still illegal, even when federal law allows it. Attorney General Eric Holder told a Senate committee last month that the department is still working on its response to Colorado's and Washington's new laws.
For Amy Poinsett and Jessica Billingsley, who run Denver-based MJ Freeway, helping store owners keep track of valuable product from field through the cash register is a valid software market: They sell to about 400 legal stores in the 16 medical-marijuana states, making their 2-year-old company profitable.
Wiggins was impressed enough to agree to invest in MJ this year. Its software illustrates that pot markets will behave like other markets — they'll get more capital-intensive, more concentrated and more professional, assuming legalization spreads, he said.
marijuana plant
Matthew Huron, owner of two medical marijuana dispensaries and an edible marijuana company in Denver, examines a marijuana plant in his grow house. (Photo: Ed Andrieski, AP)
"I'm definitely a capitalist,'' he says. "And the operations technology always tends to be where the biggest change comes.'"
STILL A GAMBLE
Nothing about the rapid growth of marijuana markets, or even the hands-off-the-pot business strategy, is an automatic winner.
Clearly, the feds could cripple the business. Even the strategy of profiting from marijuana without touching it could run afoul of money-laundering laws, if those services are bought with drug proceeds, said UCLA professor Mark A.R. Kleiman, who is advising Washington's liquor board on regulating legal pot stores.
There's also a good chance that a legal pot market won't expand consumption as much as entrepreneurs think, Miron said. Colorado and California have already seen a sharp consolidation of medical-marijuana shops opened by people who thought the market would take off faster. A referendum on the ballot in Los Angeles in May would limit the number of medical-marijuana shops to 135 that opened by 2007. Careful regulation could also hurt a business that, like the alcohol industry, stands to make most of its profits from the few people who consume too much, Kleiman said.
"To the extent that there's money to be made, a lot of it is already being made,'' by illegal operations, Miron said. "The notion that there will be new wealth is exaggerated.''
That uncertainty doesn't bother those lining up for a green rush.
The marijuana business is packed with people who aren't much on conventional opinion, and pot smokers are used to legal risk, Rosen said.
Wiggins says the open-source software industry that made him rich "used to be a long-haired hippie business, too.'' Risk means less competition, because the weak-kneed won't jump in, Rosen said. "The extra layer of risk is where the opportunity comes from,'' he notes.
And, yeah, for some entrepreneurs and investors, a joint's lingering ability to shock is also part of the appeal.
Take Billingsley, MJ Freeway's chief operating officer. The 35-year-old mom lives in red-state Georgia, works on one of the most boring pieces of the drug business imaginable and looks basically like any other small-business owner who has spent a dozen years doing information-technology consulting. Yet she gets her own little buzz from messing with neighbors' heads, strategically doling out the news of what she does for a living.
"I used to be very circumspect about it,'' she said, laughing. "Now when I get bored at a kids' function, I just drop the bomb.''
We're going to make lot's of $$$$$$$$$$$$
Pot entrepreneurs have high expectations for a future market in legalized marijuana.
marijuana joints thinkstock
(Photo: Thinkstock)
Story Highlights
Investors scramble for stakes in billion-dollar market for legal marijuana
The great green hope: 14 more states will legalize cannabis by 2017
From stigma to federal wariness, many hurdles still remain
Brendan Kennedy and Michael Blue are nice boys. Really. They're bankers. Yale MBA classmates. Wearers of ties.
And, if luck and changing laws cooperate, they'll be drug barons of a certain kind.
Kennedy, 40, and Blue, 34, are in the vanguard springing up to seize the market for legal marijuana, which is accelerating with last fall's legalization of most personal pot consumption in Colorado and Washington state. They're running a Seattle private-equity fund, Privateer Holdings, designed to buy up the smaller marijuana-related businesses to create one big fat one.
After Washington and Colorado, the pot business is, if not mainstream, at least ready to push toward it. Advocates hope to legalize personal use in another 14 states by 2017, mostly among the 16 states besides Washington and Colorado where medical pot is legal (it's also legal in Washington, D.C.). Industry estimates say today's $1.5 billion legal market could quadruple by 2018.
The public is trending toward legalization. In a Pew Research Center poll released Thursday, a majority of Americans (52%) favored legalization, the first time that threshold has been reached since polling on the issue began in 1969.
What's striking is how conventional many of the business people's backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer's strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it's called a "roll-up."
Privateer Holdings
From left, Michael Blue, Christian Groh, and Brendan Kennedy of the Seattle private-equity fund Privateer Holdings. (Photo: Nick Adams for USA TODAY)
Just don't say that word to Kennedy, unless you want him to blush. Scratch the term "growing the business" — he catches that one in midsentence, correcting his wording to "expand.'' And forget weed, ganja or pot. He uses the scientific term, cannabis. And the cannabis business is good, he says.
"We're building the first all-inclusive name brand in the cannabis business,'' Kennedy declares earnestly. "And it doesn't include Bob Marley, or the Grateful Dead, or …''
"Or puns,'' Blue says drolly. "There are so many.''
Jokes aside, the striking thing about the new gold rush in pot is how familiar it sounds to people used to the technology business.
Just like Silicon Valley entrepreneurs, start-up pot investors such as Kennedy, Blue and ArcView CEO Troy Dayton — whose company runs an angel-investor network matching companies with rich activists — talk about how big and fragmented the market is, and how the relative handful of legal businesses out there lack the leadership and tools they need to (sorry, Mr. Kennedy) grow the industry. That leaves the field open for people who can bring capital and experience, they say.
That part is true. The best way to estimate the potential size of the legal market for cannabis begins with the illegal market — which is somewhere north of $18 billion a year in pot Americans consume already, said Harvard economist Jeffrey Miron. The trade journal Medical Marijuana Business Daily says the $1.5 billion legal market could reach $6 billion by 2018.
The challenges are myriad. Some are specific to selling a product still illegal in most states. But others are very ordinary, thanks partly to the business' Bohemian roots.
"It's not an industry loaded with operating talent,'' said Josh Rosen, a former Credit Suisse stock analyst who runs Phoenix-based MC Advisors, which backs renewable-energy companies and is, well, experimenting with pot. "But the economics are very similar to other businesses. You can run a Harvard Business School analysis.''
It's hard to say exactly how many people are trying to make pot a business like any other. About 2,000 legal dispensaries are open around the United States, estimates Kris Krane, managing director of Phoenix-based consulting firm 4Front Advisors. Privateer and Dayton's group are the biggest publicly announced clusters of investors. There are even a handful of public companies: The most valuable, San Diego-based Medical Marijuana, is worth about $200 million.
Increasingly, the cultural overlap between the pot business and just plain business is occurring because they're attracting the same people.
Adam Wiggins, a member of Dayton's investor network, sold software-as-a-service company Heroku to Salesforce.com for $250 million. Alan Valdes, chairman of Seattle-based Diego Pellicer — which plans 24 upscale marijuana shops as the anchor of what he hopes will become a Harley-Davidson-like lifestyle brand — is director of stock-exchange-floor operations for DME Securities. He appears sometimes on CNBC, talking about stocks. Kennedy, meanwhile, came from Silicon Valley Bank.
"The industry has grown up a lot since we launched in 2011,'' said Chris Walsh, editor of Medical Marijuana Business Daily. "It was the activists and hippies. We're seeing more grownups over the past two years, and accelerating in the last six months.''
Others involved still have an eye on the politics of the industry, as well as the economics. Dayton, for example, was chief fundraiser for the pro-legalization Marijuana Policy Project until 2010. Wiggins, who's on MPP's board, said they're not mutually exclusive.
"Almost any software you can think of is made by someone who enjoys a toke,'' he said.
BUT STILL DIFFERENT
Even so, selling pot is a federal crime — something that seeps into business conversations like smoke wafting under bedroom doors.
Many investors, including Privateer, plan to cut their risk by not buying and selling marijuana itself, Kennedy and Dayton said. MJ Freeway Software Solutions helps pot-dispensary owners document supply chains once considered evidence of conspiracies, while Krane advises them on how to adapt best practices on prosaic issues such as store design and human resources policy from top retailers like Old Navy.
Privateer's first buy was Leafly, a Yelp-like website and mobile app that reviews 500-plus strains of cannabis, luring 2.3 million monthly visitors. The heavy traffic has allowed Leafly to begin selling ads. Several help pot entrepreneurs who can't otherwise buy insurance because most insurers think their businesses are too risky, said Patrick McManamon, managing director of Cleveland agency Cannassure.
The people at the most legal risk, Kennedy and Blue reason, are marijuana dispensary owners, because the federal government could raid the stores and confiscate the investment. That stance may represent an abundance of caution: President Obama, whose memoir paints him as a regular pot smoker in his high school days, said in December that prosecutors have "bigger fish to fry'' than recreational pot users.
"We've never seen a consulting firm become a target,'' said Krane.
Citing a 2009 Department of Justice memo that said federal prosecutors shouldn't use resources to pursue marijuana businesses clearly complying with state law, he said he should be safe if he only serves clients licensed in their home states. But a different DOJ memo in 2011 said large-scale pot growing, even for medical marijuana shops, is still illegal, even when federal law allows it. Attorney General Eric Holder told a Senate committee last month that the department is still working on its response to Colorado's and Washington's new laws.
For Amy Poinsett and Jessica Billingsley, who run Denver-based MJ Freeway, helping store owners keep track of valuable product from field through the cash register is a valid software market: They sell to about 400 legal stores in the 16 medical-marijuana states, making their 2-year-old company profitable.
Wiggins was impressed enough to agree to invest in MJ this year. Its software illustrates that pot markets will behave like other markets — they'll get more capital-intensive, more concentrated and more professional, assuming legalization spreads, he said.
marijuana plant
Matthew Huron, owner of two medical marijuana dispensaries and an edible marijuana company in Denver, examines a marijuana plant in his grow house. (Photo: Ed Andrieski, AP)
"I'm definitely a capitalist,'' he says. "And the operations technology always tends to be where the biggest change comes.'"
STILL A GAMBLE
Nothing about the rapid growth of marijuana markets, or even the hands-off-the-pot business strategy, is an automatic winner.
Clearly, the feds could cripple the business. Even the strategy of profiting from marijuana without touching it could run afoul of money-laundering laws, if those services are bought with drug proceeds, said UCLA professor Mark A.R. Kleiman, who is advising Washington's liquor board on regulating legal pot stores.
There's also a good chance that a legal pot market won't expand consumption as much as entrepreneurs think, Miron said. Colorado and California have already seen a sharp consolidation of medical-marijuana shops opened by people who thought the market would take off faster. A referendum on the ballot in Los Angeles in May would limit the number of medical-marijuana shops to 135 that opened by 2007. Careful regulation could also hurt a business that, like the alcohol industry, stands to make most of its profits from the few people who consume too much, Kleiman said.
"To the extent that there's money to be made, a lot of it is already being made,'' by illegal operations, Miron said. "The notion that there will be new wealth is exaggerated.''
That uncertainty doesn't bother those lining up for a green rush.
The marijuana business is packed with people who aren't much on conventional opinion, and pot smokers are used to legal risk, Rosen said.
Wiggins says the open-source software industry that made him rich "used to be a long-haired hippie business, too.'' Risk means less competition, because the weak-kneed won't jump in, Rosen said. "The extra layer of risk is where the opportunity comes from,'' he notes.
And, yeah, for some entrepreneurs and investors, a joint's lingering ability to shock is also part of the appeal.
Take Billingsley, MJ Freeway's chief operating officer. The 35-year-old mom lives in red-state Georgia, works on one of the most boring pieces of the drug business imaginable and looks basically like any other small-business owner who has spent a dozen years doing information-technology consulting. Yet she gets her own little buzz from messing with neighbors' heads, strategically doling out the news of what she does for a living.
"I used to be very circumspect about it,'' she said, laughing. "Now when I get bored at a kids' function, I just drop the bomb.''
More investors need to know about this stock, I think we see name change and or PR soon. For now It's up to us to spread the word on WOFA. Post on all internet MJ related sites, I am. GLTA
My sentiment at least $1.00 on November 9th. Go GRNH $$$$$$$$$$
Good for you Bronco, anyone selling now is going to lose big.
Good for you Bronco, anyone selling now is going to lose big.
Buy the Dips
Check out this video Booooooooom buy now or cry later
Best Weed Stocks to Buy
Hey YN what was the ask on that 15 milli buy. I get an ask of 0.0025 X 15,000,000 = $37,500. Either way that's some purchase you think that guy has faith in WOFA LOL.
This sector will make astronomical Gains.
Marijuana On The Ballot: State-By-State -
Posted by CN Staff on October 17, 2016 at 15:41:17 PT
By Julie Weed
Source: Forbes
cannabis USA -- Voters could legalize recreational marijuana in five states this November and medical marijuana in three more. This record number of state ballot measures promise to be a great boon for the cannabusiness industry. With national prohibitions against interstate cannabis commerce, as well as current federal banking and drug laws, large companies have been kept out of the industry, so the market is still primarily comprised of small businesses.
California, Arizona, Maine, Massachusetts and Nevada will consider legalizing the recreational use of cannabis while Florida, Arkansas and North Dakota will decide on marijuana for medical purposes.
What’s going on state by state?
California, Prop 64
California is the biggest potential market in the country and the passage of Prop 64 “will create an explosion in the value of compliant medical marijuana dispensary and cultivation licenses in good standing,“ said Steve Gormley, CEO of Seventh Point LLC a private equity fund acquiring those kinds of assets throughout Los Angeles, California. “That’s the precedent we’ve seen in Colorado, Oregon, Washington State, Alaska and DC.,” he said, “ I have no reason to believe California will be any different.”
Proposition 64 would legalize marijuana for “adult use,” (the new term for recreational/non-medical use.) A set of rules would govern marketing and other business functions, and allow local governments to levy their own additional taxes or ban related activities in their area.
Nevada, Question 2
Entrepreneurs in Nevada see marijuana legalization as a way to further enhance the state’s role as a preferred vacation spot for adults to come enjoy activities they might not participate in at home. “The black market has thrived in Nevada for decades, and this is the surest way we have ever seen to break its back,” said Leslie Bocskor, President of Electrum Partners, a Nevada-based advisory services firm specializing in medical and recreational cannabis and ancillary businesses. “The passage of Question 2 will also provide tax revenues to improve the educational system in Nevada, one of the lowest ranked in the country,” she said.
Nevada will vote to legalize and regulate recreational marijuana, and if it passes, use the tax revenues for K-12 education. Medical marijuana has been legal in the state since 2000.
Maine, Question 1
The campaign language “Regulate Marijuana Like Alcohol” has helped polling in Maine to get to 54% of those in favor of legalization. Entrepreneurs expect pot taxes to help the state and the industry to provide jobs ranging from agriculture and retail to software engineering and financial services, according to Mike Bologna, CEO of Green Lion Partners, a Denver-based business strategy firm focused on early stage development and entrepreneurship
Maine is voting to legalize recreational marijuana use. If the measure passes, adults in Maine could legally possess more pot than residents of California and Nevada (2.5 oz vs 1 oz) Municipalities can limit or ban retail pot shops.
Arizona
Entrepreneurs like Megan Stone who designs interiors for medical marijuana dispensaries will be able to expand their businesses if recreational use is legalized in Arizona. Examining retail data in other states, “you can see the entrepreneurial dreamland take shape,” said Stone.
Cannabusiness people like Ms. Stone who operate in states where recreational use is being added to medical use, have a head start on serving the new market because they are used to working under marketing, packaging and other marijuana-specific regulations.
Proposition 205 would allow adult recreational use of marijuana in non-public spaces. People could carry up to an ounce and grow six plants. There will be a 15% tax on retail marijuana sales.
Massachusetts, Question 4
Massachusetts has 1.4 million more residents than Colorado, so canna-business people expect sales totals to exceed those of Colorado. “These sales will also have a massive impact on the state as 3.75% of the total sales, in addition to the standard sales tax, will be paid on every dollar spent at the register,” said Rob Hunt, President of Teewinot Life Sciences, a company focused on the biosynthetic production of pure pharmaceutical-grade cannabinoids.
Medical marijuana has been legal since 2012 in Massachusetts and with this measure the state could also legalize and regulate recreational marijuana. Residents would be able to carry one ounce of pot, and would be allowed to possess larger amounts (10 ounces) if it is locked up in an enclosed place in their residence. Municipalities would be able to impose restrictions or bans on commercial activities.
Medical Marijuana Opportunities in Florida, Arkansas and North Dakota:
States voting on allowing medical sales, especially Florida with its population of about 20 million people, offer a vast array of new jobs, “at least half of which are in ancillary areas like packaging, engineering, lighting design, branding and professional services like legal and accounting,” according to Alex Halperin, who writes a weekly aggregated marijuana newsletter called Weed Week. While the regulations in each state might be different, what they have in common is opportunity he said, for entrepreneurs interested in agriculture, manufacturing, retail, security, marketing and transportation.
Florida
Florida is voting to make medical marijuana legal, allowing doctors to decide when it should be prescribed. This type of measure was narrowly defeated previously.
Arkansas
Two competing marijuana ballots aim to allow medical marijuana for a few specified conditions.
North Dakota
While they fell short of signatures required to put recreational legalization on the ballot, North Dakota will vote to allow medical marijuana to be used for a dozen medical conditions.
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It just moved up -0.0005 to -0.0001 somebody wants this my friend. I bet it closes green by EOD.
MJ growers making huge profits.
MJ_crops robust and WHOLESALE_Activity_up_HUGE_MUST_READ!!
Colorado•Outdoor Product Makes First Appearance of the Season in Colorado, With More Expected in Coming Weeks
•State’s Retailers Set New Monthly Sales Record in August; Wholesale Activity up 30% Compared to July
California•State Spot Index up 8%, Buoyed by Higher-Priced Outdoor Product from Initial Wave of this Year’s Harvest Season
•Dozens of Local Cannabis Tax and Regulatory Measures Populate November Ballots
Washington•Number of Licensed Producer / Processors up Almost 70% Since November 2015
•State Spot Index up 13% Ahead of Outdoor Supply Flood
Agreed YS and as we get closer over the next three weeks to November 8th this will move exponentially, glad I bought more today. GLTA
This will go up on momentum alone the MJ sector is Ka-Booming. Cannastrips will be bigger then ever, WOFA is the distributer in California. Buy now or you will be chasing soon. GLTA
Just got in at the Bid price 0.0023 GLTA
Balls said the Queen if I had them I'd be King, be a King don't sell.
I put my order in at the Bid 0.0023 see if it gets filled. Massive buys running up to elections. GLTA
Money cleared this morning I'll be buying at the open, Let's Rock.
Everyone on this board should be posting all over the internet about this ticker. Many still don't realize WOFA is a pot stock. We had over 9 Mill Volume today if we can double or triple it where in business. I want to see .05 .10 before the elections and then after Nov 8th sky's the limit. $$$$$$$WOFA$$$$$$ GLTA
Soooo glad I bought more last week!!!
An update next week would be sweet but this will run on MOMO alone.
Good morning fellow WOFAs, good times coming the closer we get to the elections.
Just a little dip before I buy more pleaseee LOL
I hope my powder dry's by Monday, Tuesday the latest. Before this pops YN looking to double down. GLTA
As soon as my funds clear next week I'll be buying another 1/2 Million possibly more.
How many of you are going to buy physical Gold & Silver with some of your profits? I already have 800 troy oz of Silver stanched away in safe location. If large profits are made here and in my portfolio, I plan on putting as much as 20% of it, into Gold Eagles. You really need a safe store of cash in this crazy economy. GLTA