Medical Marijuana, Inc.OTCPK - Current
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  • Sun, Oct. 2, 7:02 AM
    | Sun, Oct. 2, 7:02 AM | 75 Comments
  • Thu, Aug. 11, 2:24 AM
    | Thu, Aug. 11, 2:24 AM | 24 Comments
  • Wed, Jul. 13, 3:14 AM
    | Wed, Jul. 13, 3:14 AM | 10 Comments
  • Thu, Feb. 25, 3:18 AM
    | Thu, Feb. 25, 3:18 AM | 31 Comments
  • Nov. 4, 2015, 4:04 AM
    | Nov. 4, 2015, 4:04 AM | 40 Comments
  • Nov. 3, 2015, 3:23 AM
    | Nov. 3, 2015, 3:23 AM | 27 Comments
  • Jul. 7, 2014, 8:08 PM
    | Jul. 7, 2014, 8:08 PM | 20 Comments
  • Jun. 23, 2014, 10:53 AM
    • New York State Senators vote 49-10 in favor of allowing limited access to medical marijuana. The bill would allow patients to inhale vaporized extracts of weed's active ingredients or eat them in food. Smoking marijuana would be prohibited, however. The State Assembly passed the measure 117-13 on Friday.
    • The state's Health Department will have the task of setting up the program.
    • (AEGY) (MDBX -2.4%) (AVTC +3.9%) (CNAB -1.2%) (ERBB +13.2%) (GDSM -16.7%) (HPNN) (LATF +2.2%) (MJNA -0.5%) (PLPL -4.1%) (VAPE +2.6%) (VAPR) (VPCO +2.9%)
    | Jun. 23, 2014, 10:53 AM | 5 Comments
  • May 29, 2014, 9:30 AM
    | May 29, 2014, 9:30 AM | 11 Comments
  • May 22, 2014, 10:16 AM
    • According to Florida-based Novus Medical Detox, today's marijuana is much more potent than the varieties available a generation ago. This poses significant health risks to consumers as the wave of legalization gains momentum.
    • In a study by the University of Mississippi Potency Monitoring Project, the level of weed's main psychoactive ingredient, THC, has increased from 3.4% in 1993 to ~9% in 2008. In sinsemilla (the flowering tops of unfertilized female plants) THC levels have jumped from 5.8% to 13.4%. The lab has identified THC concentrations as high as 37% in certain pot strains.
    • The controversy surrounding the legalization of marijuana will no doubt intensify as the health risks of consuming ever-higher levels of THC in cannabis become more widely known.
    • Related tickers: (AFAI) (MDBX) (MJMD) (VAPR) (MJNA) (PLPL) (RFMK) (SKTO) (VMGI) (VAPE) (LATF) (HPNN) (NTRR)
    | May 22, 2014, 10:16 AM | 65 Comments
  • Mar. 11, 2014, 11:40 AM
    • Colorado is off to a fast start collecting tax revenue from the sale of medicinal and recreational marijuana. According to Forbes, the state's January take was $1.5M for the former and $2M for the latter. The bulk of sales happen in Denver county.
    • The fully-burdened tax rate can be as high as 21.1% on pot consumers.
    • The state also charges a 15% "retail marijuana excise tax" that is levied on the first sale or transfer from a cultivation facility.
    • The state now faces the political problem about how and where to spend the money.
    • Marijuana industry stocks such as (MDBX) (CBIS) (MJNA) (GRNH) continue to generate substantial investor interest and debate.
    | Mar. 11, 2014, 11:40 AM | 2 Comments
  • Feb. 14, 2014, 4:04 PM
    • Volatile marijuana stocks have closed with big gains after the Treasury Dept. and deputy U.S. attorney general established banking regulations for licensed sellers. Notable gainers: MDBX +21.8%. MJNA +5.1%. GRNH +4.3%. AVTC +10.4%. MWIP +7.6%. HEMP +1.7%.
    • The rules allow banks to do business with marijuana sellers deemed to be obeying state laws, and not running afoul of eight principles, which include selling to minors and trafficking marijuana to states where it's illegal to do so. However, banks will have to file suspicious activity reports detailing transactions made by marijuana vendors.
    • The National Cannabis Industry Association calls the ruling, which comes six weeks after Colorado began legal marijuana sales, a "huge victory." But many observers think top U.S. banks will still tread cautiously.
    • FINRA has issued a warning about potential marijuana stock scams.
    | Feb. 14, 2014, 4:04 PM | 12 Comments
  • Jan. 9, 2014, 5:25 PM
    • Medical Marijuana (MJNA +4.3%) is up 25% YTD on the pink sheets as investors continue making speculative bets on pot-related plays following the start of legal marijuana sales in Colorado on Jan. 1.
    • On the other hand, several peers gave back a big chunk of their recent gains today: GRNH -52.4%. AVTC -15.8%. MDBX -18.6%. HEMP -24.1%. MWIP -21.9%.
    • But GW Pharmaceuticals (GWPH +23.5%), a more established name that yesterday priced a 2.4M-share follow-on offering at $36, went in the other direction.
    • With demand outstripping expectations, Colorado is (for now) arguably seeing the marijuana equivalent of the 1970s oil crisis: Long lines, shortages, rationing, and soaring prices have become the norm for licensed dispensaries.
    • Words of caution from seasoned investors about putting money into pot plays are easy to find. Fund manager Frank Igarra: "There might be one or two that survive, but having seen crazes like this, people have been burned by them a lot. The average investor should think twice."
    • FINRA issued a warning in August about potential marijuana stock scams.
    | Jan. 9, 2014, 5:25 PM | 24 Comments
  • Nov. 27, 2013, 11:06 AM
    • Shares of Medical Marijuana (MJNA +21.5%) are up sharply (from $0.09 to $0.11/share) as the company provides a Q3 update.
    • MJNA says it earned "approximately $7.9M" in net income for the quarter ended September 30.
    • The company also says one of its "corporate portfolio companies [has] acquired the marketing contracts for the highly anticipated Cibdex, Cibaderm, and HempVĀP product lines, adding additional revenue potential for MJNA."
    • During the period the company's PhytoSPHERE business "received its $10M quarterly payment from CannaVest" — 200K in cash and $9.8M in stock.
    | Nov. 27, 2013, 11:06 AM | 7 Comments
  • Apr. 30, 2013, 11:01 AM

    Medical Marijuana (MJNA.PK +41.1%) surges after issuing a shareholder update and letter to address what it calls "recent blog articles" attacking the company. MJNA provides a lengthy defense of the CannaVest (CANV.OB) deal, recently the subject of sharp criticism from SA contributor Alan Brochstein, and says it will provide details about the transaction in its Q1 filings, due to arrive by May 15. Also, chairman/COO Michelle Sides insists she hasn't sold any shares in the company. Update: Brochstein defends himself in an Instablog.

    | Apr. 30, 2013, 11:01 AM | 22 Comments
  • Apr. 25, 2013, 2:25 PM

    Medical Marijuana (MJNA.PK -13%) dives after SA contributor Alan Brochstein takes aim at the company's financials once more (previous). Brochstein points out $4.5M of MJNA's Q4 sales came from an installment payment related to a $35M deal with CannaVest (CANV.OB) signed at the end of the quarter, and that CannaVest can make deal payments with its (very illiquid) stock. He also observes MJNA's Q4 sales were revised to $4.69M from a prior $5.19M (and before that, $5.1M) in its recently updated annual report.

    | Apr. 25, 2013, 2:25 PM | 10 Comments