Medical Marijuana Inc (MJNA)

[nopancakemix]

Tinsel I'm Not Sure What You're Getting At
Yes, the company is making a dime and working hard to make some more. They are the leader in CBD products on the market today. Who knows about THC since MJNA declined to release the Dixie numbers in Q2.

But, medical marijuana and legalization or taxation and regulation WILL NOT HURT their business as you suggest.
1. The year prohibition ended, nationwide alcohol sales went from $10million to $10billion in the first year alone. A rising tide will lift all boats.
2. Alcohol and tobacco are two of the most taxed and regulated items in the country, and world, yet it has certainly not hurt either industry.
3. Mom and pop shops are open everywhere selling liquor and cigs, AS WELL as major chains, supermarkets and even private alcohol distillers selling on the black market. There is plenty of business and money to go around for everyone considering the black market for cannabis already generates from $40-120bil annually, depending on which estimates you choose to believe.

And, your "trading" advice for this stock is pretty awful (pardon my bluntness there). Since most trading platforms do not allow an individual to short MJNA or other mj stocks, covering the downside is nearly impossible. Therefore, "traders" who are trying to flip the stock can only buy and hope for a pop to sell and that is a losers game. especially short term because you are merely playing the luck of the draw. There are also no options to play on MJNA or mj stocks, again making it impossible to cover a position which is the essence of smart trading.

As someone who has had a financial background trading for ML back in the day and being a successful individual investor/trader, I would recommend "investing" in MJ stocks and nothing more. If you're itching to trade, do it only with disposable capital, not on margin. Or just find a stock lik @apl or NFelX, that are way more liquid, move the entire pps of MJNA is seconds and have options to cover the position if it goes south.