Replies to post #49642 on North American Cannabis Holdings Inc (USMJ)

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$USMJ The Next Marijuana Stock Rally Trigger; Rohrabacher-Farr Amendment

Source: InvestorsHub NewsWire
Austin, TX – May 11, 2016 -- InvestorsHub NewsWire -- The last year overall for marijuana stocks has not been stellar. It’s definitely a hot market and it’s here to stay. Even though the overall marijuana sector has been underwhelming, there have certainly been a few worthwhile standouts. The opportunity for reward in a legal marijuana market will continue to drive periodic successes and maintain overall interest. The one step back following the two steps forward in the various state and federal legal battles will sustain an ongoing cautionary cloud over the sector. Like the San Andreas Fault being overdue for a quake, the marijuana sector is overdue for its next surge of enthusiasm. The Rohrabacher-Farr Amendment might be the trigger that sets the next rock, rattle and roll event loose in the marijuana sector. It’s at least a harbinger of a marijuana stock rally on the horizon.



The marijuana industry scored a significant victory on Tuesday last week when the US Department of Justice (DOJ) dropped a four-year-long attempt to shut down Harborside Health Center in Oakland, California, the largest dispensary in the United States. Attorneys for Harborside fended off the shutdown, by invoking the Rohrabacher-Farr Amendment which prevents the government from spending federal dollars to shut down dispensaries compliant with state laws.