Medical Marijuana Inc (MJNA)

[NavyMSU]

I, unfortunately, placed my buy then it dropped, but I'm long until Wednesday at least. I'll take a loss if no states pass, this is worth the risk, downside is my entire position, upside is 2-3x minimum. It'll take a few months for the company to increase its revenues to justify the hyped price, while states figure out how to organize everything and small businesses get started up.. So I could be long through late spring or even mid summer: if they properly position themselves with their software sales, this company has real potential to grow over the next few years and people who get in and out will kick themselves when the price is $2-3.
Like I said, downside is much smaller than upside, the tide towards legalization is turning and if the momentum in each state picks up, I'll be moving into tobacco stocks (the industry who's really in a position to capitalize).