Replies to post #186136 on Medical Marijuana Inc (MJNA)

[Clariske]

here is your catalyst:

Marijuana Taxes Swell, Not Up In Smoke After All
Forbes By Robert W. Wood
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Not long ago, Colorado had a disappointing first year of tax collections from marijuana. When one projects one figure, perhaps anything less is a letdown, and the first state to legalize recreational marijuana projected a bonanza. The more skimpy actual numbers lead some to sound the alarm that marijuana taxes were going up in smoke. But now, officials say the Colorado marijuana tax revenues are up nearly 100 percent.

The report that the pioneer pot state reaped $44 million in only the first five months of 2015 is a big relief. The same period last year netted the state only $25 million. The healthy uptick in the numbers will mean copious revenues going into public schools, plus many other dollars added to Colorado's general fund. It seems apparent that this comparative gravy train will fuel other states in assessing taxes on the burgeoning business the crop has become.

[BottomBounce]

$MJNA Triple Bottom on Watch Bullish Reversal Pattern