Medical Marijuana, Inc. (OTCPK:MJNA) has been very quiet since I last shared an update in June. Since then, the stock shot up 45% to as high as $0.145 but has pulled back to the $0.12 area on rapidly thinning summer volume. It's not only the trading that has died down, as the company hasn't posted a press release in over a month. Despite the appearance that nothing is going on, the reality is that investors should be preparing themselves for several near-term drivers that could either help reaccelerate interest in the stock or lead to more of its shareholders throwing in the towel.
I start with the most obvious of the near-term events. A quarter ago,...
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