Praetorian Property Inc (PRRE)

[The Bosch]

Is Cannabis Approaching a Tipping Point?

Cannabis stocks slightly lower last week after the prior week’s strong gains, but the industry appears to be rapidly approaching a regulatory tipping point.

Just over a year after Colorado and Washington legalized adult-use marijuana, more than a half dozen other states are considering decriminalizing the drug or legalizing it for medical or recreational use, including conservative states in the south. Federal regulators have also softened their stance on the drug by discouraging crackdowns in states where cannabis is legalized and encouraging bank access. Finally, concerns about the implications of legalized marijuana have been largely addressed by Colorado’s successful efforts in pioneering cannabis regulation and enforcement.

Several cannabis companies also surpassed key milestones last week. mCig Inc. (MCIG) provided an update on its proposed spin off of VitaCig Inc. as a part of its plan to qualify for an up-listing on the NASDAQ; IMD Companies Inc. (ICBU) and Anything Technologies Media Inc. (EXMT) announced that their joint venture selling marijuana growing equipment and vaporizers launched successfully; and, Abattis Bioceuticals Inc. (ATTBF) signed a letter of intent to acquire organic and hydroponic fertilizer formulas to complement its existing operations.


http://finance.yahoo.com/news/cannabisfn-weekly-approaching-tipping-point-140000711.html