Right. The volume has been consistent for some time. Back when California went legal, quite a few pot stocks began to gain value including MCOA. The AG, J. Sessions immediately put a damper on that and the value dropped by fifty percent in many cases and from there a lot of these stocks have been in limbo including this one. If you look at the index at marijuanaindex.com you will see a chart that pretty much sums up the whole picture of languid movement associated with piecemeal law changes in various states. There has been talk of a former CFO that had 90 million shares and has been selling/ not sure if that is true but does seem to fit, looking at daily charts. As long as current AG is in office and current administration dominates the Govt. here in the US my guess is most of these stocks are going nowhere. I think some investors of this company believe that the Farm Bill (expected to be signed by end of Sept.) could bump MCOA. But imo. every bump will be followed by a subsequent sell off bringing pps to the same level or less then it was before the gain as long as the current administration dominates congress and the whitehouse. There seems to be very little confidence in green stocks for some reason and the overall charts have been in decline since January. Good Luck.
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