207 Marijuana Stocks: Nevada Corporations Outperform Delaware, Canada And Other Over 1, 4 And 52-Week Periods
Feb. 13, 2017 1:13 PM ET| Includes: ACAN, ACBFF, ACOL, AERO, AFPW, AGTK, AMFE, AMMJ, APHQF, ATTBF, AXIM, BABL, BAYP, BLDV, BLOZF, BLPG, BTFL, BUDZ, BXNG, CAFS, CANL, CANN, CBCA, CBDS, CBGI, CBIS, CBMJ, CBNT, CBSC, CCAN, CGRA, CGRW, CHUM, CIIX, CLSH, CNAB, CNBX, CNZCF, CPMD, CRLRQ, CRTL, CRWG, CSAX, CVSI, DEWM, DIGP, DIRV, DPWW, DSCR, EAPH, EDXC, EFFI, EMMBF, ENCC, ENDO, ENRT, ERBB, ESPH, ESSI, ETST, FBEC, FFFC, FITX, FRLF, FSPM, FTPM, FUTL, FWDG, GBHL, GBHPF, GBLX, GEAR, GLDFF, GNBT, GRCU, GRCV, GRNH, GRPOF, GRSO, GRWC, GRWG, GTSO, GWPH, GYOG, HALB, HLIX, HLSPY, HMKTF, HMPQ, HVST, ICBU, ICNM, IGC, IGPK, IGRW, IIPR, IJJP, IMLFF, INCC, INQD, INSY, ITNS, IVITF, KAYS, KGKG, KSHB, LATF, LCTC, LDSYF, LGBI, LSCG, LVVV, MCIG, MCOA, MCPI, MDCL, MDEX, MDRM, MEDT, MGWFF, MJLB, MJMD, MJNA, MJNE, MJTK, MMHC, MNTR, MQPXF, MRPHF, MSRT, MYDX, MYEC, MYHI, NDEV, NEWC, NGBL, NGMC, NHLE, NMUS, NRTI, NSPDF, NTRR, NVGT, NWWTF, NXTTF, OGRMF, OPMZ, OSLH, OWCP, OXIS, PHOT, PKPH, PLPL, PMCB, PNPL, PNTV, POTN, PRMCF, PRRE, PTOG, PUFXF, PZOO, QEDN, REFG, REVI, RMHB, RSSFF, SAGD, SGBY, SING, SIPC, SLNX, SLTK, SMG, SNNC, SPLIF, SPRWF, SRNA, STEV, STWC, TAUG, TBQBF, TECR, THCBF, TRTC, TWMJF, UAMM, UBQU, UMBBF, UNGS, USEI, USMJ, VAPE, VAPI, VAPR, VATE, VHUB, VNTH, VPCO, VPOR, VRCI, VRTHF, WCIG, WDRP, WK, WTII, XXII, ZYNE
Anthony Cataldo
Anthony CataldoFollow(1,672 followers)
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Summary
This article provides returns measures based on a marijuana firm STATE OF INCORPORATION.
Generally, Nevada corporations are outperforming Delaware, Canada & Other marijuana sector jurisdictions.
This surprised me, as academic research, in the distant past, suggested that Delaware corporations provide higher returns when compared to all other jurisdictions.
Perhaps this is due to the fact that the sector has not matured and is in its infancy My hypothesis?
The marijuana sector is immature and inefficient and trading opportunities based on other than fundamental measures will maximize returns.
Warning: Some of these marijuana stocks engage in paid promotions.
Why Should Corporate Jurisdiction Matter?
There is something called "the Nevada Effect." Nevada firms, generally, produce lower returns when compared to Delaware. Here are 2 of my articles with links:
Nevada Continues to Lead Delaware and All Other States and Jurisdictions in 2014 Securities and Exchange Commission Trading Suspensions
The U.S. State of Nevada Consumes a Disproportionate Share of U.S. Securities and Exchange Commission Regulatory Resources
I already looked a comparable data through the end of 2015, and Nevada corporations continue to lead in SEC trading suspensions. Here is a YouTube video by Professor Barzuza, where she explains a little bit about Nevada corporate law.
Delaware corporate law is in the news, on a very different dimension. As a resident of Pennsylvania, I have seen advertising with respect to Delaware corporations in recent weeks.
The Marijuana Segment is Different from the Overall Market
Below is a table summarizing my findings with respect to marijuana stocks over the 1 week (NYSE:WK), 4 week, and 52 week periods ending February 5, 2017. The data is included in the APPENDIX.
