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New investor with a BS in Finance. I work in the energy industry and love to identify growth stocks to invest. Extremely bullish on marijuana with favorable legislation down the line.
  • Medical Marijuana Inc. (MJNA) - You Can't Hold Me Down 2 comments
    Mar 8, 2013 4:04 PM | about stocks: MJNA, PHOT, CBIS, AGTK, GRNH, NGBL, HEMP-OLD, RFMK, PM, MO

    The most volatile industry since the start of 2013 has been marijuana. Ever since more marijuana-friendly legislation has been released late last year, more and more people are looking for ways to profit. 19 states have legalized marijuana for medical use, two states have legalized it for recreational use, and 11 states have pending legislation to legalize medical marijuana. We now see a trend and we will continue to follow the path to full legality. Other states watch in envy as Colorado and Washington rake in extra income and will follow suit. Turning to our federal government, they have rather abstained from taking action as of today. The United States spends $40 billion a year in prosecuting marijuana offenses which could be turned around instantly into a profitable industry through taxes. The pros for legalizing marijuana are overwhelming and something we can expect each state and the federal government to succumb.

    We can expect the U.S. government to not act for a while as larger issues exist. President Obama recently told ABC News that, "We've got bigger fish to fry" and that "It would not make sense for us to see a top priority as going after recreational users in states that have determined that it's legal." I doubt that stopping marijuana is even in President Obama's top-20 in things-to-do for his presidency. And with a democratic leader, the marijuana industry tends to prosper and looking three years in the future, Hilary Clinton looks to be the frontrunner of both parties as of right now.

    Therefore I see stocks such as MJNA (Medical Marijuana, Inc.), PHOT (Growlife, Inc.), CBIS (Cannabis Science, Inc.), MWIP (MediSwipe, Inc.), GRNH (GreenGro Technologies, Inc.), MDBX (Medbox, Inc.), HEMP (Hemp, Inc.), and RFMK (Rapid Fire Marketing, Inc.) to be safe bets that will garner a lot of interest from investors and hedge-fund managers in the near future. Besides MDBX, most of the marijuana stocks are penny-stocks that should acquire even the newest of investors. Two other stocks to keep an eye on are MO (Altria Group Inc.) and PM (Philip Morris International, Inc.). These tobacco giants will be scrambling in deploying their strategies in dominating the marijuana market. When comparing a pound of tobacco and a pound of marijuana, marijuana is infinitely more valuable. Rumors have a Marlboro Green to be released in the future which would provide an easy way for newbie users to experience marijuana and get hooked.

    I don't plan to pump and dump these stocks, but I'm definitely in now for the long run. If any of these stocks jump out of the pink sheets first, it'll be MJNA. Don't be afraid of bloggers who criticize the leadership of MJNA or question their business practices and don't fret the extreme volatility of the price fluctuations as this sector molds with new information everyday. I'm sure that investors were skeptical of alcohol during the prohibition phase too. Many people see these stocks as a pipedream to millions, but these people are scared of what the federal government might or might not do. The interest is there, the reasons make sense and the industry is forming. Prepare to ride the green wave to success.

    Disclosure: I am long OTCPK:MJNA.

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  • SmokingSomething
    , contributor
    Comment (1) | Send Message
    I agree with Dani's comments about MJNA. I have followed them for 3 years and don't know of any company better positioned to take advantage of this growth opportunity.
    11 Mar 2013, 04:51 AM Reply Like
  • Astronomical Gains
    , contributor
    Comments (128) | Send Message
    Marijuana sector is blown up, 1000% profits all around but while everyone is selling for huge gains on the rest of the sector RFMK is still loading up for a huge run.


    This decade is going to be huge for the sector!
    24 Mar 2013, 10:10 PM Reply Like
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