USMJ Is-The-Real-Deal-Steering-Through-MJ-&-OTC-Sea-of-#@!%
Jordan Belfort from Hollywood's depiction made the entire penny market look like nothing but one great big scam.
With players like Jordan Belfort - and we've all witnessed or even known one or two of our own Jordan's - some measure of corruption, be it a majority of the OTC market or a minority, has shed a bad light on the entire OTC market.
... yet here will still all find our selves. What does that say about us? Are we from the "Hope Springs Eternal" school or have we read and live by Machiavelli? Hope or Machiavelli, we're all suspect of everybody else in this market. We're suspect of the market makers, the brokers, the other posters here on this board, and certainly the companies listed on the OTC.
Most of these companies are going to fail in the end. It's just statistics. So again, why are we here?
Hope or Machiavelli, success or failure of the company in which we invest, we're all here to make money. It's the one thing that ties us all together. The Machiavelli may be trying to take from the Hope, but the Hope ain't stupid. They know Machiavelli is out there.
So that leaves the companies. Even though they may not make it in the end, do we have a management team that's going to try ... and, do they have the wits about them to give it a good go? Both Hope and Machiavelli need a forthright, capable management team. Otherwise, there is nothing to Hope for nor anything to take advantage of.
I'm sold on USMJ. I think the guys there are stand up guys giving it a good go. Steve Rash takes all the heat, but don't forget about Ed Bollen and the two other founders that stay out of the limelight. They've been at this since 2013 and there still standing and swinging. I, for one, think their put-your-toe-in-the-water-on-a-few-cannabis-business-ideas-and-cultivate-the-ones-that-seem-to-show-promise is a good idea. All or nothing may seem romantic, but it's usually nothing in the end. USMJ's already got a few something' from their toe in the water strategy.
Instead of beating these guys up and maintaining the routine OTC suspicion of management teams, now going on three years, I think the USMJ management team has earned a benefit of the doubt.
They may be slow or late or even missed on a few business plan steps, but let's look at what they've done. The first industrial hemp crop in Vermont - featured on NPR. Anybody remember that? Played a key role in medical marijuana legalization in the State of NY. Again, anybody remember? Launched a clothing line, got shot down by a credit card vender and managed to relaunch the clothing line. Acquired City Blends. Has gotten EVERX product produced. Delivered on getting PURA reporting. Got a Patent for the extraction process they've licensed to commercialize.
The share price reflects a three way relationship - Hope, Machiavelli and the Company. No one's perfect and certainly not these three. But from where I'm standing, the Company is delivering better than not for an underfunded start-up carrying some baggage from previous management teams exploits. If the management team is holding up there end, don't we have to look at the other two parties in this three-way?
USMJ has no better chance of succeeding in the end than any other small, micro or nano business listed on the OTC. Being here to make money, I think this management team is at least going to deliver some (more) midterm successes along the way - like the AmeriCanna Cafe and PURA - that will result in some money making opportunities even if they don't ever make it to turning USMJ into the next Starbucks of Cannabis.
News 
Market Data 
Discover 
