Tuesday, November 15, 2016 9:14:53 AM
First of all, I am a active investor in the smoking/vaping industry. Both tobacco and Cannabis related.
Under the Obama Administration The pot industry seemed hopeful (and growing steadily). NOT to get political, but we have to focus on Legality going forward. Trump supports Medical Cannabis (not smoking, by the way, just the actual medical grade cannabanoid molecules, in oils/concentrates. etc.
RUDY GIULLIANI likely Trump cabinent member is highly against Drugs across the board.
Republicans in general Are against weed Legalization. and They would rather let BIG PHARMA companies handle Cancer patients, epilepsy, etc. and they now Control Senate, supreme court (soon). and the white house.
When this happens, Weed stocks will be hit Hard. Not like a "bad day" type of hard. No, more like they will be taken off any Exchange. Because their Company's will be seen as illegal. Trump has NEVER been pro-marijuana. In fact he is quoted to saying weed is ruining lives. If it has medical benefits then it should only be (prescribed) by doctors. He's always been against recreational. But for a state by state Basis for medical legality.
I left $MJNA and Went to $VAPE instead. VAPE can and will survive with or without legalization. MJNA on the other hand will face major regulatory challenges, and likely have to forfeit half of there current business.
VAPE sells e-cigs and other smoking accessories, that can be used by BOTH tobacco and Marijuana users. They win either way. and take no loss.
disclaimer: I'm NOT short selling $MJNA.
I do currently hold shares of $VAPE (as stated).
And recently Left out of $HEMP for the same reason I left MJNA. Trump admin will hit SPECIFIC weed stocks hard
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