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Like your post stated, about the approval process, that each drug is unique and is processed differently.
It is my understanding that CBIS will not have to endure such high costs because the process of determining safety could be a slam dunk.
CBIS has Dr. Ritchard L. Fishman on board and he has been involved in clinical trials for medications, treatments, devices and vaccines for major pharmaceutical companies seeking FDA approval.
With over 20,000 studies on cannabis, it has been the most studied plant of all time.
Another reason CBIS will not endure millions in costs is because cannabis has already proven effective for certain conditions, albeit non-clinical. Seems to me the only two hurdles is to prove effectiveness in approved clinical trials, and then the politics surrounding the approval itself.
I agree.
No, its my understanding that the only way to obtain cannabis for research was to apply to NIDA. That's because it is illegal to buy or manufacture cannabis (21 United States Code 802(15)). The only way NIDA allows scientists to obtain cannabis is if the scientists can find something harmful about cannabis.
See: http://www.maps.org/mmj/hhs-nih-nidalawsuit.pdf
and
NIDA, DEA & Medical Cannabis Research, with Rick Doblin, PhD, MAPS
and
Intro to Dr. Craker and His Battle with the U.S. DEA
CBIS is able to bypass this process.
Pharma does not get to play with cannabis. Sorry, they are stuck on the sidelines because the feds have scheduled it out of reach. So Sorry Pharma, NIDA won't let you touch it.
What's that??? Maybe the only way for Pharma to get a grip on this medicine is to buy CBI$ $$$$$$ hahaha ha.
Some people just crack me up!!!
If you have been watching this stock, you will note that the last dilution ended towards the finish of September. You will note that PPS begin to rise before October began, and before the bounce in volume. ... In fact, at .04x this stock was way oversold, rising PPS brought on the volume.
Your posts seem to miss the whole story, and that's misleading.
This is what I like, quoting, Sarah Morgan, who said this about CBIS and other marijuana stock:
20101103|CBIS|1723256|8681842
Some of the shorts covered
Investors would be wise to read thispost
Very well stated jmo.
In the long run, prop 19 rejection might be grease that was needed to get a good legalization bill, in Cal and in other states. Too many flaws in 19 ... not enough freedom.
In the short run, those who bought CBIS for the vote was just gambling. It turned out to be a bonus for investors to get more cheap shares.
CBIS, IMO, will close above .10 today and will climb good towards the record date, the one that FINRA mandates.
The MM's have seen the sell orders and are ready to accept your losses. Ha Ha.
I selling !!!! I don't want no darn divy !!!! ROTFL !!!!
Eric Holder shorting shares of CBIS this morning.
OOPPss
.17 fell after I posted, my bad
Strong support today at .17
IMO close at .19 or .20 after power hour
Tomorrow ought to rock
20101028|AQUI|1555002|3122759
Stock still being shorted. lol
Thanxs pump .... mention that on 9/20/10 their PR stated:
I agree wholeheartedly, the 17th Amendment was a big step toward fascism, just as cannabis prohibition was for the protection of certain fascists.
CBIS is all about individual rights to a safe and effective medicine. The people and the States have to take a stand for these rights. POWER TO THE PEOPLE. Power to CBIS!!!!
A conference report in the morning and divy news in the afternoon ... then maybe 17 million shares traded tomorrow. AND a bodacious power hour.
Why Pot Legalization Is the Most Important Issue Before Voters This Election Day
Huffington Post.com
Forget about what's happening in the partisan battle for control of Congress and statehouses across the country. The single-most important issue that will be decided on November 2 is California's Proposition 19, a ballot initiative that would legalize the cultivation, consumption, and sale of marijuana and allow municipalities to regulate and tax the stuff.
Though limited to voters in a single state, Prop. 19 is the only policy matter on the table with the potential to restructure the lives of virtually all Americans. If Prop. 19 passes, it will force, at long bloody last, an honest reconsideration of failed prohibitionist policies throughout the United States. In fact, given the drug war's influence on our foreign policy in Latin America and central Asia, Prop. 19's reverberations would even be felt far outside our borders.
Despite overt similarities to liquor prohibition in the 1920s, the drug war actually functions more like the Cold War used to. It's an almost-hidden, infrequently debated structuring device that affects every aspect of American politics, culture, and society. Just as Cold War anxieties transformed educational priorities and politicized everything from the Olympics to fluoridated drinking water, the drug war is everywhere with us. The same schools that plead poverty in teaching basic literature or math still all find time and money for D.A.R.E. and other drug-education classes, despite iffy results. Video games, public-service announcements, and even urinal-cake holders in men's rooms still implore us to just say no. Some 40 million workplace drug tests are administered each year, and even legal prescription drugs are getting some employees fired.
Marijuana has been illegal under federal law since the 1930s, so Prop. 19's passage would immediately trigger a constitutional showdown over whether states have the right to act as what Louis Brandeis called "laboratories of democracy." In the notorious 2005 medical marijuana decision Gonzales v. Raich, the Supreme Court ruled that federal law trumped state law when it comes to a person growing marijuana for personal use, but an affirmative state-wide vote for full-blown legalization will not be as easy to contain, despite Attorney Gen. Eric Holder's threat to "vigorously enforce" the Controlled Substances Act no matter the outcome. Legal precedent firmly establishes that state law enforcement agents are under no mandate to enforce federal laws, and the Dept. of Justice simply lacks the manpower to stop pot smokers at anything more than a symbolic rate.
A legalization win in California, or even a close call, will certainly spread to other states, including ostensibly conservative red states. A 2009 Zogby poll found that 52 percent of adults now agreed that pot should be regulated similar to alcohol, and other national polls all show persistently upward trends and historically high percentages sympathetic to legalization. Pot is the top cash crop in California, Alabama, Kentucky, West Virginia, and elsewhere. A dozen states, including California, Nebraska, Mississippi and North Carolina, have already decriminalized the possession of small amounts of marijuana, and more than that have legalized some form of medical marijuana (Arizona and South Dakota are voting on it this year too). Given marijuana's presence in every part of the country, legalization is not a question of if but when.
And because the young voters most passionate about legalization skew heavily Democratic (despite professional Democrats being reliably awful on the issue -- Sen. Dianne Feinstein leads the No-on-19 campaign), it is conceivable that Jerry Brown will be re-elected California governor because of the turnout Prop. 19 generates. That lesson will be on the minds not only of Democrats desperate to gin up any enthusiasm, but also pro-legalization Republicans eying the 2012 nomination, including Rep. Ron Paul (R-Texas) and former New Mexico Gov. Gary Johnson.
The growing desire for pot legalization is partly shaped by the recession and the need to pare back government spending on non-essential services while finding new sources of revenue. The $50 billion in direct costs of drug prohibition at all levels of government doesn't begin to capture the costs in social disruption, crime from black markets, foregone tax revenue, and more. The 858,000 marijuana-related arrests made each year -- many involving minors, non-violent offenders, and those possessing insignificant amounts -- accounts for more than half of all drug-related arrests and takes a huge toll on the criminal justice system and lower-income communities at every level. No one seriously questions that the drug war disproportionately impacts minorities and that most "drug-related" crime is in fact a result of the black market status of drugs. Mexican drug gangs may be violent but there is no reason to believe that Mexican marijuana merchants would be any more violent than Mexican mango merchants.
And make no mistake: The drug war is effectively a war on marijuana, by far the only illegal drug used by more 1 percent of the adult population on a regular basis. In 2009, the government reports that 6.6 percents of Americans used pot in the previous month; cocaine, the next-most popular, was used by only 0.7 percent.
Given that over 40 percent of high school seniors, close to half of all adults, and the three most-recent U.S. presidents have smoked pot, it's no surprise that a competitive legalization initiative is finally upon us. Prop. 19 would remove the nausea-inducing contradiction inherent in "decriminalization," which allows people to possess pot but not purchase it legally. As with the repeal of alcohol prohibition, another utopian ban that was widely flouted and increased all the miseries it purported to ameliorate, it would end the psychotic denial of the basic facts of how people choose to live.
More important, perhaps, the passage of Prop. 19 will set in motion the end of the larger drug war, just as the first few seemingly minor sledgehammer blasts on the Berlin Wall in 1989 eventually gave rise not simply to the end of the forced segregation of an occupied city or the demise of the German Democratic Republic, but two years later the collapse of the Soviet Union and international communism. To those who fear the end of the drug war, ask yourself two questions: Would your desire to use, say, heroin, change much if it were legal? And do you think that alcoholics would be more likely to seek help if they were criminals in addition to being substance abusers?
It may start in California, but the legalization of marijuana will also mean that schoolkids in Oklahoma won't have to pee in a bottle in order to be on quiz bowl teams and online vendors of bongs won't be prosecuted in Western Pennsylvania and medical marijuana patients in Florida will be able to concentrate on their cancer rather than their legal defense. It means covert farmers in Kentucky and Texas and Washington who generate billions of dollars worth of crops will fully enter the economy. It means that federal and state prisons all over the country will have room for violent prisoners. It means that cops will be deprived of their favorite means for shaking down "suspicious" low-income minorities, and it means that all Americans, even those who never use marijuana, will be more free.
That sort of change -- and dare we say it in Obama's America, hope -- is something no partisan swing in Congress or any other legislature could possibly top.
Nick Gillespie is editor in chief of Reason.tv and Reason.com. Matt Welch is the editor in chief of Reason magazine. They are coauthors of the book The Declaration of Independents: How libertarian politics can fix what's wrong with America, due out next year from Public Affairs.
Shorts = 20101026|CBIS|1468630|5643962
Good volume today. Roughly $ 850,000 traded today. I am really excited about the trades tomorrow, (hoping for some news!!! ,,, if anything an update on the conference.)
CBIS is also a winner, no matter what the outcome on the vote.
The sherriff deserves to lose his job for being stupid and ignorant. In the meantime he will probably spend county money making his stupid arguments.
WTF -- This is bad advice
I agree .... look for a late morning rally back to .19 - .20
First of all, developing stage companies, pps is not rationally derived from earnings or assets.
I cannot provide a link because its been months and I do not have the time to search again, but during the dilution stage earlier this year, one analyist pegged the value at .42 in a report. Maybe some else remembers and can provide that link....but thats old dd.
During July to November of 2009 this stock hovered around the .42 cent range. IMO this stock went down to .04x because of selling pressure from past dilution. Note that is not the case today....selling pressure is gone except for the current profit takers.
To some people, this stock is worth a buck because the possibility of future rewards.
hope this helps you. I'd like to this this stock is worth .65 before/after the vote...but we'll see. Would be nice to see some deep pocket investor buy this company and make billions in the next decade, providing medicine to the sick.
Share structure was completely different then. Dilution brought the price down. IMO this stock is worth .42 without any hype and before any true accomplishment happens....and when it happens...this could be a mega stock.
Here Are The 10 Stocks To Play California's Huge Marijuana Legalization Vote.
businessinsider.com
10/25/10
Wouldn't hurt to do more DD. CBIS was not CBIS in 2007.
You might reset your chart for somewhere in April 2009.
Here's the link to CBR International
www.cbrintl.com/
We were almost in oversold territory @ 11 am. ... @25 (from my scottrade chart)
20101021|CBIS|4267067|11715592
A lot of shorts were covered today but still a lot of shorts out there.
Still thinking that lots of shares were sold at higher ground ---
40 million + shares trade above .12 in last 3 days.
Hoping for a finish Friday at 15 or 16 /without news. It has been over one month since the first pr about div. Co needs to follow through, understanding it is the first time they've done this and need to follow FINRA rules.
Attorney's by the hour - LOL
Some people drink their bongwater. Yuck!
Man your good with that chart. Looks like its going up just as you said it.
Ouch !!!!
just scored some more at .153
I giddy at this point!!!
Cool opening .... I will be able to add shares today.
Still holding long from .046
Nice chart Matt, I like the hourly view.
In this view the RSI is down to 48. bigshot's chart show the in the 70's. This one looks more credible because it coincides with the sell-off today.
Except he left out one of the most important indicators and its supporting indicator. Volume. And price by volume.
I also think we bumped into the support today @ .176, and it approached the 200 level.
I like charts, but also like sector movements and company position in these movements.
I think I hear you say that Barcharts is more likely a lagging indicator. Kinda like stock trading for dummies.
I use it too from time to time.
I think they made a ton of money ... instead of more than a ton.
Coulda bought it at 12 and almost doubled thier dough. Maybe they still own a ton of shares and are now on the free ride to the moon.
Thanks for bringing that up, that Oregon will consider taxing and regulating cannabis. In the meantime, Oregon will add dispensaries in addition to the current MJ program.
Oregon has one of the first "Cannabis Cafe's" run by Madeline Martinez of Or Norml.
I help lobby the bills here in the Oregon Legislature, ran for State Rep but lost in primaries. Boohoo. lol
Legalization has grown some legs in the past few years. CBIS is on the forefront of adding the science to the medicine. ;)
Pull up a chart of CBIS and look at the price by volume. Notice that about 30 million shares traded in the last two days above .17
.17 was also yesterday's low.
Today's price action moved my sell point up because I know that:
1. Volume remains steady.
2. Most of the float was traded above .12
3. Divvy news ahead.
4. CBIS rocks (the managment and the plan)