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in 3 months fannie will be trading at $12$$$$$$$$$$$
you must have left some crumbs because i picked up a few...but it's all good, because we're all in it together
i feel like a thief because i stole some 4zzz today
4 is either coming today or tomorrow
4.00 today
hoping for a green day today
who cares
up $9
gold is blowing up this morning....i hope this is a sign of things to come
life changing stock....it's either going to make you or break you
i don't have time to read it...and i won't be able to read it in the morning i have a meeting early in the morn...but i hope the report is what we all been wanting and waiting for goodnite
to quite...must not be good
have you read it..or even began to read it yet
if not tonight, before the market opens in the morning for sure
patience my friend
the wrong hawk
here's another one
you have to feel for git"#$%..he's getting his a$$ handed to him today....but you got to give it to him...he's not going down without a fight
100%
it means hold on tight..and be prepared to scream weeeeeeeeee!!!!!
get your shares and hollllld on tight "te" you about to get dizzy
i hope so pennymachine...hold on tight, and say weeeeeeeee
.04 is still cheap considering this will be trading .50 soon
hope yesterdays momentum carry on to today
17000 showing up as already traded it's gonna be a big day today
they may as well take that ask up to .04
cha-chinnnnnng!!! helllllllo!!!.....everyone is gonna be on a natural high today...$$$$$$ cummin
hmmm maybe
can i get a weeeeeee today
The Obama Administration May Have Just Sparked a Marijuana Tidal Wave
By John Maxfield | More Articles | Save For Later
February 16, 2014 | Comments (9)
Photograph by Jeremy Nathan/iStock Collection/Thinkstock by Getty Images.
The marijuana industry just got a critical boost in its effort to become a massive and completely legitimate business. On Friday, two federal law-enforcement agencies released coordinated statements clearing the way for banks to take deposits from and offer financial services to marijuana producers and retailers without fear of prosecution for money laundering.
To say that this will ignite a revolution in the still upstart industry would be an egregious understatement. "It is imperative that this legal industry have access to banking the same as every other business sector," said Mike Elliot, executive director of the Medical Marijuana Industry Group. "To continue doing business on a largely cash basis creates serious safety issues for owners, employees, and customers."
An industry awash in cash
As the legal marijuana industry develops in Colorado and Washington -- click here to access our recent in-depth series on the business of legal marijuana -- entrepreneurs have run up against a major problem: Banks won't provide them financial services or, for that matter, even accept their deposits, leaving retailers and wholesalers awash in copious amounts cash.
The reason is that marijuana remains an illegal drug under federal law. As a result, banking statutes and regulations make it a crime for financial companies to handle the proceeds of any business engaged in the production, distribution, or sale of the drug. In short, it would be considered money laundering.
While the coordinated guidance issued at the end of last week by the departments of Justice and Treasury doesn't change this, it does send a strong signal to financial institutions that they won't be prosecuted for providing services to the marijuana industry so long as their customers don't run afoul of eight "enforcement priorities" laid out by the Justice Department in the middle of last year.
Photograph by Randy Faris/Fuse/Thinkstock.
These include preventing the distribution of marijuana to minors, preventing revenue from the sale of marijuana from going to criminal enterprises, and preventing the interstate trafficking of marijuana, among others. Short of "significant" violations like these, the Justice Department is now instructing its law-enforcement officers to concentrate their "limited investigative and prosecutorial resources" elsewhere.
For participants in the fledgling field, this is a critical step -- assuming, of course, as I believe to be true, that banks heed the guidance. In the first case, it relieves business owners of the security and accounting issues associated with conducting business in cash. In the second case, it could very well be the first step in making additional capital -- i.e., loans -- accessible to those in the industry. The latter in particular would serve as a potent catalyst for growth and expansion.
Does this mean the nation's banks will soon become accomplices in the drug trade? Yes and no. It seems safe to assume that many community banks will jump at the opportunity to curry more business, especially if it equates to a substantial increase in demand deposits like checking accounts, which pay little to no interest.
By comparison, the risk/reward analysis will be different at the nation's largest lenders. Just last year, Bank of America (NYSE: BAC ) struggled over the decision of whether it would provide banking services to the state of Washington -- that is, the government itself -- given that a portion of the state's tax revenues derives from excise and sales taxes on marijuana. The Charlotte, N.C.-based bank eventually decided to do so, but the controversy alone spoke volumes.
Meanwhile, in response to a reporter's inquiry on Friday, a spokeswoman for Wells Fargo (NYSE: WFC ) said that "It is currently Wells Fargo's policy not to bank marijuana businesses, based on federal laws -- under which the sale and use of marijuana is still illegal." Though, to be fair, she did qualify the statement by noting, "We are reviewing the guidance."
It's still too early to say what the impact of these nonbinding guidelines will have on the banking industry. However, there's much less ambiguity about the significance of this to people in the marijuana business. Love it or hate it, the momentum behind this movement is clearly growing.
Do you hate your bank? If you're like most Americans, chances are good that you answered yes to that question. While that's not great news for consumers, it certainly creates opportunity for savvy investors. That's because there's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banking model. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. For the name and details on this company, click here to access our new special free report.
gler=HAWK.....$$$$$$ r/m
sierra is garbage ...don't go by that...errb is going to run on it's own merit
market is closed monday
people got scared out of their shares Thursday...
i mean .0257
i think we hover around .257-.0265 today
do we reach .03 today
Gold is making a nice rebound up now $1316