Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

Can't predict a Holder reversal

One can't make an investment decision on whatever AG Eric Holder (or for that matter, a Sanjay Gupta) will do on any given day.

Since MJNA began to (somewhat) properly recognize its revenue in its reports a few months ago, the only time this stock moves upwards is when an unpredictable event occurs, such as the Gupta story from a couple of weeks ago and today's DOJ announcement.

The problem with these stories is that they are about the medical and recreational marijuana industry, and MJNA isn't in those businesses. Instead, they are a legal CBD company that has a small exposure into the medical marijuana business via Dixie and Red Dice, but their contract doesn't make them any MMJ money in Colorado.

So today's run is based on a misconception that's good for those who play the momo.