Thursday, February 19, 2015 3:32:19 PM
1) Alaska is scheduled to implement their new law next week
2) There is a bipartisan industrial hemp bill that is back by the Senate Majority leader (McConnell)
3) All time high of the Benzinga 420 MMJ Index is 1010. All time low is 70. It was down recently to 117. It is time for them to go back up.
4) The Fed judge in Cali is going to give her decision in a case soon (within a few weeks). Google about it. She took the case because of what the Supreme Court said about MMJ back in 2006. Basically that if MMJ were to be shown to have medical benefits it can't be schedule 1. The defendants in the case are most likely guilty, that's not what matters to us as investors. What matters is what are they guilty of? A schedule 1 drug or something less? Just two weeks ago the Surgeon General said MMJ clearly has medical benefits. Then the Department of Health and Human services started to promote what he said on their twitter account. The judge now has cover. She can responsibly say in light of why she took the case in the first place (Supreme Court 2006) and because of what the US top Doctor has said backed by HHS, MMJ is unconstitutionally schedule 1. That doesn't mean it gets rescheduled right then and there but it knocks down the domino.
In light of those things I believe the weeds are about to pop soon. If it is sector wide then VHUB will get some loving too. It doesn't matter if people think VHUB belongs in that sector or not. All vaping stocks are included into that sector. They all move up and down with the sector.
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