MCOA and other Marijuana Stocks

Yep, sector is waking up. 50 day MA on weekly is proving to be resistance (CwH), but looks like MCOA is gearing up to sprint. We will see, I am still holding this one.
 

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vanzandt said:
Sen. Cory Booker Wants to Make Marijuana Legal Across U.S.— Could That Curb Opioid Epidemic?

http://www.nbcnews.com/news/us-news/sen-cory-booker-wants-make-marijuana-legal-across-u-s-n788661

Cory's gearin' up for that 2020 run. Gotta rope in the Millenials early.
Bernie did.
https://merryjane.com/news/bernie-sanders-introduces-bill-to-reclassify-cannabis
More...

vanzandt said:
“I am astonished to hear people suggest that we can solve our heroin crisis by legalizing marijuana–so people can trade one life-wrecking dependency for another that’s only slightly less awful,” Sessions said in a speech to federal, state, and local law enforcement agents in Virginia this week. He continued:

“I realize this may be an unfashionable belief in a time of growing tolerance of drug use. But too many lives are at stake to worry about being fashionable. I reject the idea that America will be a better place if marijuana is sold in every corner store … Our nation needs to say clearly once again that using drugs will destroy your life.”

-Jeff Sessions 3/16/17

Past Comments:

1. On what he thought of the KKK in the '80s in comments he later insisted were delivered jokingly:

"OK until I found out they smoked pot."

2. On the drug being a danger:

"We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized, it ought not to be minimized, that it's in fact a very real danger."

3. On Obama's more lax approach to pot enforcement and his admiration for "Just Say No":

"I think one of [Obama's] great failures, it's obvious to me, is his lax treatment in comments on marijuana... It reverses 20 years almost of hostility to drugs that began really when Nancy Reagan started 'Just Say No.'"

4. More on Obama and pot:

"You can't have the President of the United States of America talking about marijuana like it is no different than taking a drink… It is different… It is already causing a disturbance in the states that have made it legal."

5. On the kinds of folks who smoke weed:

"Good people don't smoke marijuana."

http://www.newsweek.com/jeff-sessions-marijuana-quotes-about-pot-570177
More...

It is too bad you did not post this in the politics sub-forum. In there I could have let loose an epic diatribe on why the above you have posted needs to be cleansed with acids only psycho-scientists of language would ever attempt to touch with double-layered asbestos gloves.

But I bite my lip, because liquid-hot Magma scares me. He has a big ban-hammer. Like Thor and whatnot. Lightning.
 
Twmjf is the only legitimate weed stock. Once the distributor bought in at $250,000,000 the company has a legitimate chance at making a go of it.
 
Could be worth, Ha... Well it could be worth a trillion also but all those little news blurbs like to get traders who have no idea how to do there homework and find out if a company is legitimate.

Take for instance SLTK, they are the shovel makers during the gold rush, only difference is they make the lights for the pot growers and not shovels.

The ones who made all the money in the gold rush sold products, think I will keep investing in company's that think like me. I'm not telling people to invest in SLTK, just reminding folks to think outside the box in one of the biggest businesses to come in the next year.
 
California's legal pot countdown: What's coming by Jan. 1
By MICHAEL R. BLOOD, Associated Press
Published 16 Hours Ago The Associated Press

LOS ANGELES (AP) — California has published the rules that will govern its legal marijuana economy in 2018, giving businesses and consumers a glimpse into the future.

But there are important steps before legal recreational sales kick off on Jan. 1, and even more uncertainties about how the marketplace will function. Warning: Don't count on being able to stroll into your local dispensary on New Year's Day to celebrate with a pot cookie or joint.

WHY ARE THE REGULATIONS IMPORTANT?

They form the framework of the new pot economy, estimated to be worth $7 billion. Can you make animal-shaped edibles? No. Transport pot in a drone? No. But retailers can be open from 6 a.m. to 10 p.m. It's a dense stack of rules that includes fees for licensing (nearly $80,000 annually for a large grower), how pot will be traced from seed to sale and testing requirements to ensure customers get what they pay for.

CAN I BUY LEGAL RECREATIONAL POT ON JAN. 1?

For most people, probably not. It will vary place to place, but many cities are not prepared. Even though the state regulations went out Thursday, the Bureau of Cannabis Control is still developing an online system for businesses to apply for operating licenses. California is working out technical bugs and hopes it will be ready in early December.

"There certainly will be licenses issued on Jan. 1," said Alex Traverso of the Bureau of Cannabis Control.

But there's a snag: To apply for a state license, a grower or seller first needs a local permit, and many cities are struggling to establish those rules, including Los Angeles and San Francisco, two of the biggest markets.

"I think the state dropped the ball big time. This should have been done by June, July," said Los Angeles grower and retailer Donnie Anderson. "I don't think this is going to be ready."

Other places, like Kern County, have banned commercial pot activity. At the same time, San Diego is among the cities that have local rules in place and are ready for legal sales. Palm Springs is planning for cannabis lounges, where recreational pot can be smoked on site.

A GRADUAL START

For six months, the state is allowing businesses to bend the rules a bit, recognizing it will take time for the new system to take hold. During that period, businesses can sell products that do not meet new packaging requirements. Retailers can sell inventory that does not meet new rules for ingredients or appearance.

At an industry conference in September, California's top pot regulator sought to ease concerns that the state would move quickly on enforcement against operations without licenses. If authorities are aware a business has applied for a license "I don't want you to have anxiety that we're out there and we're going to be enforcing everything right away," said Lori Ajax, who heads the state cannabis bureau.

EVERYTHING IS TEMPORARY

Even if you get a license, it will be temporary — good for 120 days. In some cases, there can be a 90-day extension on top of that. During that time, the state will review a business' credentials and information submitted in the license application, such as financial records and investors in the business.

The regulations issued by the state this week are temporary, too.

MANY CHALLENGES REMAIN

Key pieces of the legal pot system are still in the works. A massive tracking system that will follow plants from seed to sale is in development, but officials say it will be ready at the start of the new year. It's not clear if enough distributors will be available to move cannabis from fields to testing labs and eventually to retail shops, possibly creating a bottleneck between growers and store shelves.

THE LOOMING BLACK MARKET

No one knows how many operators will apply for licenses. While medical marijuana has been legal in California for over two decades, most growing and selling occurs in the black market. Come Jan. 1, officials hope those growers and sellers will join the legal pot economy.

But there are concerns many might continue business as usual to avoid new taxes, which could hit 45 percent in the recreational market in some cases, according to a recent study by Fitch Ratings.

"The existing black market for cannabis may prove a formidable competitor" if taxes send legal retail prices soaring, the report said.
 
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