Penny Riches

[PennyRiches]

MJNA's Dixie Featured In Newsweek Cover Story

Link: http://www.thedailybeast.com/newsweek/2012/10/21/will-pot-barons-cash-in-on-legalization.html

“The horizon is bright,” says another. Tripp Keber, owner of Dixie Elixirs, the marijuana-infused-soda company, is the most openly avaricious. He’s in his 40s and wealthy, with two homes in Aspen, a preteen daughter, and less idealism than a younger man. “I make companies to sell companies,” he says, a blue-faced Rolex on his wrist. “Make me an offer, and I’ll ride off into the sunlight with saddlebags of gold.”

He’s not just blowing smoke when he talks about selling out to the highest bidder. It’s already widely rumored that Philip Morris has leased warehouse space in the area. The company denies it, as do its top-tier competitors, but “I’ve heard a lot of talk about it,” says Keith Burdick, a partner at Xcalibur, one of the biggest independent generic-brand tobacco companies in the country. “You’re going to get cigarette companies in here. I’m sure of it,” says John Wickens, a real-estate agent who has sold or leased acres of commercial space to marijuana growers. Peter Bourne, the drug czar under Jimmy Carter, recently told Newsweek that tobacco executives shared their marijuana contingency plans with him.

We like MJNA under .11 for a run up to .2