Marijuana - Companies & Stocks

[Davidbike]

I think so, looking at the total market cap and where I think it could be. Maybe I’ll share some of my thoughts on here based on comparisons. Now I may not be that accurate or correct on statements but I’ll try to possibly give out a ball-park answer of what I am thinking.
First off based on the http://marijuanaindex.org/ the level is trading roughly at the same level it was back one year ago with a market cap of 3.08 billion dollars as of right now and note that GW Pharmaceuticals makes up 45% of it and one of the only companies who have increased substantially since last year but also and I don’t know that much about GW Pharmaceuticals but when I google searched them I read located in Salisbury, England. https://www.google.com/search?q=gw+pharmaceuticals&rls=com.microsoft:en-US:IE-Address&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7ADFA_enUS464&gws_rd=ssl Do they plan to be shipping MJ across seas? Also I know there are a lot more companies out there just not listed in the index but I don’t know of any with a giant market cap so maybe I’ll add a half billion and say the market cap is 3.58 billion dollars. Also take into account that some of these companies are looking into the media industry such as UTRM and DIGX and electronic cigarette liquids and products and other ideas like fuel such as VGPR.
Yet there has been tremendous positive news in this sector. We have 23 states that are producing or legalized MMJ and 4 recreational now. Maybe I am wrong here but I thought before 2014 California was the only state that was producing MMJ.
Now I feel like we have just not been able to pick back up since the SEC went on a rampage suspending several MJ related stocks back in late March. It appears to me like these stocks are very sensitive. And looks to me like they may have over did it like SKTO and AEGY are trading at rock bottom. I believe they set up the website pharmajanes.com, but if this is some kind of a scam then why is this website still up and appear to be selling products? http://pharmajanes.com/shopping.
Another one is I think is that there are just not enough investors out there buying into micro and nano cap stocks since late March. Most penny stocks that have looked at seem to be getting lower and lower level market cap. https://www.linkedin.com/pulse/20141107160528-27697123-otcbb-what-happened-to-the-individual-investors?trk=mp-reader-card
Okay I tried to take a stab at finding a rough estimate on how much money would be spent if every state followed for 2015 at the same rate for both MMJ and recreational MJ per year as Colorado has done thus far and the distribution of people buying recreational MJ and MMJ. I found a website that gives the revenue of taxes: https://www.colorado.gov/pacific/revenue/colorado-marijuana-tax-data
https://www.colorado.gov/pacific/sites/default/files/1014%20Marijuana%20Tax%2C%20License%2C%20and%20Fees%20Report.pdf First I added all 10 of the given months January through October (Jan. 913,519 + Feb. 1,022,176 + March 999,900 + April 919,982 + May 927,330 + June 830,861 + July 838,711 + August 935,807 + Sept. 908,630 + Oct. 928,329) for MMJ using line 2 and got $9,225,245 (and I am guessing that this is the amount of tax revenue at 2.9% rate), so then I multiplied 100/2.9 and got $318,111,896 then divided by 10 to get an average per month and got 31,811,189.6 then multiplied by 12 to get an average per year $381,734,275.
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So $381,734,275 is how much people have spent for MMJ per year for Colorado assuming November and December are roughly the same. According to this, http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk there are roughly 5,000,000 people in Colorado for 2010, and I rounded up to 5,400,000 in Colorado for 2015. So I divided 381,734,275 by 5.4 and determined that $70,691,532 is spent on MMJ for 1 million population per year. Looking at this site http://medicalmarijuana.procon.org/view.resource.php?resourceID=000881 I recorded all 23 states and DC and I rounded up a little for each population for 2015. 1) Alaska 750,000. 2) Arizona 6,700,000. 3) California 38,500,000. 4) Colorado 5,400,000. 5) Connecticut 3,600,000. 6) DC 650,000. 7) Delaware 930,000. 8) Hawaii 1,410,000. 9) Illinois 12,900,000. 10) Maine 1,330,000. 11) Maryland 6,000,000. 12) Massachusetts 6,700,000. 13) Michigan 9,900,000. 14) Minnesota 5,450,000. 15) Montana 1,020,000. 16) Nevada 2,850,000. 17) New Hampshire 1,325,000. 18) New Jersey 8,920,000. 19) New Mexico 2,090,000. 20) New York 19,750,000. 21) Oregon 3,950,000. 22) Rhode Island 1,050,000. 23) Vermont 627,000. 24) Washington 7,000,000. Then I added it up and got 148,802,000 population for 23 states and DC. So if $70,691,532 is spent on MMJ for 1 million population then (multiplied number by 148.802) $10,519,041,344 could be spent from a population of 148.802 million on MMJ.
And for recreational MJ, I did the same thing. First, I added all 10 of the given months January through October (Jan. 416,690 + Feb. 438,253 + March 569,505 + April 639,728 + May 642,124 + June 700,107 + July 821,708 + August 956,973 + Sept. 886,915 + Oct. 888,250 for MMJ using line 3 and got $6,960,253 (and I am guessing that this is the amount of tax revenue at 2.9% rate), so then I multiplied 100/2.9 and got $240,008,724 then divided by 10 to get an average per month and got $24,000,872.4. then multiplied by 12 to get an average per year $288,010,469 then divided that number by 5.4 and got $53,335,272. So $53,335,272 is how much 1 million people have spent for recreational MJ per year. Adding up the population for 1) Colorado 5,400,000. 2) Alaska 750,000. 3) Oregon 3,950,000. 4) Washington 7,000,000. And got a total population of 17,100,000 population for the 4 recreational states. So 53,335,272 times 17.1 = $912,033,151 total for recreational MJ could be spent if all 4 states made out the same as Colorado. Add $912,033,151 to $10,519,041,344 and get $11,431,074,495. So $11,431,074,495 could be spent in one year for 2015 if all states have started on 1/1/2015 and made out on average the same as Colorado has done thus far and assuming everything I did is correct.