Solving Curzio’s “The Marijuana Investment Story No One’s Telling”

Sniffing out the "backdoor" pot legalization story teased by Phase 1 Investor

Irregulars Quick Take Paid members get a quick summary of the stocks teased and our thoughts here. Join as a Stock Gumshoe Irregular today (already a member? Log in)

Well, again Frank Curzio’s Phase 1 Investor wins the prize for “teaser ad most Gumshoe readers are asking about” … so let’s give it a gander for you.

Phase 1 is a premium-priced ($3,500 is the current “on sale” cost) small cap newsletter published by Stansberry, and it tends to be among the most-requested letters for the Gumshoe treatment — no doubt because it’s too expensive for most individual investors to sample, and because they tend to tease intriguing little small-cap stocks in technology, biotech and natural resources… often stocks moset folks haven’t heard of, so curiosity rages.

And what piques it this time around? Marijuana stocks.

Ugh, I know — I can hear you sighing from here. Marijuana stocks are among the most hyped, ridiculous, pumped up names in the market. Every pump-and-dump operation that thought they could create a 3-D printing stock out of nowhere last year, or a gold mine stock with no assets a couple years ago, has now decided to sell itself as a legalized pot story, with dozens of companies doubling, tripling or better in the last year or so. There are no doubt some real companies in the cannabis space, but I’m sure they’re absurdly expensive if they exist… and there are so many scams that it hardly seems worth researching all the hints that fly our way.

But still, Phase 1 isn’t a pump-and-dump operation (though their subscribers may sometimes benefit from new attention brought to the small cap stocks they favor) — whatever stock Curzio is teasing must have at least something “real” to it.

So what is it?

Here’s how he sells the idea, by first introducing a note of caution:

“… until today, we’ve never even considered recommending one of these stocks.

“Why?

“Several reasons…

“First… because most stocks in the marijuana industry are already ridiculously overpriced.

“Like the dotcom boom of the late 1990s, the hype has far exceeded the reality.

“Take Medbox, for example, the company that’s developed a biometric vending machine for legal marijuana. Medbox recently had a market cap of over $1.1 billion.

“Yet, they brought in just $5 million last year.

“That means investors were paying 200 times what the company generated in sales.

“And second… there are a lot of indirect plays on marijuana that may or may not pan out. Like big tobacco companies. Sure, the Altrias and Phillip Morrises of the world might one day dominate this market. But there are a lot of “ifs.” There’s no guarantee they’ll be able to corner the market, for example… or that they’d even want to. And these tobacco giants are so huge – the added business from selling marijuana really wouldn’t move their stock much higher.

“The point is, many direct plays in the marijuana market have already soared. And there are simply too many “ifs” to consider an indirect play right now.”

Then we get the, “but wait!”

“I’ve found an incredible and totally unique way to play the marijuana boom… and capitalize on this explosive, new market – that limits our exposure to these pitfalls…

“It’s THE marijuana investment practically NO ONE is talking about.”

What is this investment?

“this company offers a secret, backdoor way to own one of the most potentially lucrative marijuana investments in the world… which has leapt as high as $45… for less than $10 a share.”

I love secret backdoors! You’ve got my attention.

“When word spreads about this tiny group… the incredible deal they’ve structured… and how they can essentially “go back in time” and buy one of the most well liked marijuana stocks for dimes on the dollar… it’s likely their shares will soar.”

Hmmm… must be a catch, right? Presumably so — you can look for it in a minute. First let’s make sure we can ID the company, sniffing through a few more clues dropped by Mr. Curzio:

“I believe this is, hands down, the safest, and most potentially lucrative investment in this sector right now… an incredible deal, with a small company that could easily pay us 200% or more… in the coming year….

“… this marijuana company is not really a marijuana company at all.

“You see, what I’ve actually uncovered here is a tale of two stocks.

“One is a marijuana stock,

“The other stock is a small investment firm, which, unbeknownst to most of the investment public, owns a very large stake in this marijuana stock.

“This small investment company has the legal right to exercise a contract that allows it to acquire shares of this tiny marijuana stock at about 70% less than it’s really worth on the market today….

“If the price of the underlying marijuana stock rises 40%, the small investment firm stands to make a profit of $50 million.

“And if the pot stock simply reverts to its 2014 high, they’ll hit the jackpot – and rake in over $100 million… a sum greater than the entire company’s market cap.”

And apparently we don’t even need this marijuana stock to double for our “secret” stock to rise dramatically…

“A mere 10% rise in the value of the marijuana stock could translate to a nearly 50% gain for investors who get in right now….

“Well, if the underlying stock gains 50% from here – which is entirely possible with Washington State coming online – the investment group’s stock could almost DOUBLE.”

So what is this? Thinkolator sez the most likely candidate (not 100% certain this time, but pretty sure) is Full Circle Capital (FULL), a BDC which owns warrants on and has a pending convertible debt offering with Advanced Cannabis Solutions (CANN).

CANN is one of the “picks and shovels” suppliers to the marijuana industry, one of the many companies that is trying to profit from the marijuana business without actually selling pot itself. They seem to be focused on sale/leaseback operations with growing facilities, and on selling stuff like “child-resistant baggies” to the industry. Haven’t really looked at them (or at any other marijuana stocks, frankly), but the companies that try to avoid being actual growers, wholesalers or retailers are essentially trying to reduce their exposure to the parts of the business that are still technically illegal under federal law and are, at the least, very early on in the development of a predictable regulatory environment.

Full Circle Capital is a very small BDC, with a market capitalization around $75 million (at $7 and change per share), and like most BDCs they pay a dividend (approaching 10% in their case) from money they earn by lending cash to mid-market companies — the kinds of companies that are too big for the local bank and too small for Wall Street financing.

And FULL owns warrants on one million shares of CANN stock ($5.50 strike price) that they bought (for $500,000) as part of an agreement to provide $30 million in convertible financing to CANN. That’s obviously worth something now, since CANN shares are up around $18, but the shares attached to that warrant aren’t registered yet and would create dilution so they might not necessarily be worth the full $13+ per share that you’d think they’re valued at today (the company valued them at a little over $10 in their last quarterly report, so $10 millionish… almost all profit).

Which means we’re not looking at doubling FULL shares just because CANN goes up a little bit — but certainly those warrants are valuable and very levered to CANN share price movements. The really big impact for FULL comes if and when the actual funding is supplied under the convertible debt agreement … because the full $30 million will be convertible at various prices depending on when different tranches go into effect, but the very first tranche of $7.5 million of funding from FULL comes at a $5 per share conversion and would be quite valuable instantly at current prices. That would mean they’d effectively be getting 1.5 million shares for their $7.5 million investment, and right now 1.5 million shares are worth over $22 million. So in theory, you could see that just getting this first tranche through in CANN funding and owning those warrants would give FULL access to shares that are worth about $37 million right now in exchange for an $8 million investment.

That’s an exaggeration in lots of ways — but if the marijuana stocks go crazy again FULL could reap larger benefits (again, if the convertible debt deal gets finalized). But basically, if they do the first tranche of this convertible debt (I don’t know whether or not they will), then Full Circle will have effectively gotten 2.5 million shares for $8 million. If CANN stock goes back to $45, then those 2.5 million shares would be worth $112 million… and if you want to pencil in the rest of the convertible debt offering too, well, the math gets more complicated but certainly that would be, um, more.

So you can massage those numbers and make them more or less reasonable — FULL already trades right around book value at $70 million, so if you throw $70 million in profit at them the stock probably at least doubles. And they are only exposed to CANN and the marijuana business to the extent that they lend CANN money from here, so if they don’t complete the convertible funding for whatever reason then they just have the warrants and they’ve only invested $500,000 for something that could be worth upwards of $10 million today and whatever the future return happens to be.

I have no idea whether it will work out, or even whether the seemingly unstoppable wave of marijuana legalization legislation will create any big and profitable companies (as opposed to trade-able speculative stocks without much in the way of “numbers”)… and I’m not buying any of the pot stocks personally at the moment. But this is our best solution to the teaser pitch — I’m rushing out the door, so I’ll let you discuss this one amongst yourselves. For more perspective, you can see an interesting assessment of CANN here by a SeekingAlpha contributor and the latest Full Circle quarterly call transcript here.


Related Gumshoe Articles

Leave a Reply

67 Comments on "Solving Curzio’s “The Marijuana Investment Story No One’s Telling”"

avatar

smandell
Irregular
17
smandell
May 19, 2014 4:38 pm

Thanks, Travis. You’re the best.

SmokeytheBear
Guest
0
SmokeytheBear
May 19, 2014 4:38 pm

I can’t wait until they legalize heroin. Maybe the Mexican drug cartels will go public and we can all make a killing.

Frosty
Guest
0
Frosty
May 20, 2014 10:51 am

Just like the Kennedys and booze!

frankw17
Irregular
648
May 19, 2014 4:40 pm

Love the P.E. on FULL, 1856.
Frank

justine
Guest
0
justine
May 19, 2014 4:56 pm

CANN was suspended by the SEC. It is now trading on the grey sheets.

mike
Guest
0
mike
May 20, 2014 10:56 am

Yes the fact that the SEC halted trading was a major blow to SP , really surprised
that Travis made no mention of this.

toff
Irregular
14
toff
June 7, 2014 2:40 pm

In the CANN Form 10-QA for June

http://biz.yahoo.com/e/140606/cann10-q_a.html

they said:

On March 27, 2014 the SEC issued a trading halt order on our stock, and issued a statement that they were investigating affiliated stockholders that may have made illegal sales of stock. The order was not directed at the management of the Company and is considered a private investigation. The stock began trading again on the OTC on April 10, 2014.

saratogaray
Irregular
0
saratogaray
May 19, 2014 4:44 pm

Thanks for getting my subscription back on line.

SageNot
Guest
0
SageNot
May 19, 2014 5:10 pm

Has broken $9.00 once in over 5 yrs., Frank is reaching here, but after his tease came out, the bottom seemed to fall out. I’ve said this before, but his Low Price portfolio outpaces his Phase 1 portfolio $$ wise if you search deep ’nuff.

To each his own.

modernrock
Irregular
232
May 19, 2014 5:21 pm

I think you nailed it

Tda
Guest
0
Tda
May 19, 2014 5:48 pm
These MJ stocks are fraught with danger for the investor. I had a “red hot tip” about $HEMP, which is mainly a hemp and marijuana business consulting firm that does a lot of important-sounding things — except make money. I took the bait and bought 10K shares at 25 cents a share, then watched it wither away to a nickel. Seems it was a setup because certain persons were heavily shorting it. But, if Bruce Perlowin can be trusted, and if he knows what he’s doing (two BIG ifs), then I may not lose my entire $2500 (*only* $2000 of… Read more »
John
Guest
0
John
June 5, 2014 10:21 pm

timing is everything – especially in the micro stocks arena
I started buying $HEMP stock 5000 shares every 1/2 cent from $0.03 down to $0.01 and sold it 5000 shares at a time every penny up starting at $0.12 and last sale at $0.16 (rather poorly in hind sight but …)
just bought my first 5000 shares the other day at $0.05 and hoping to be able to get at least the 25,000 shares back into my account before the next run up
Good luck to you in the future

John
Guest
0
John
June 7, 2014 3:08 pm

No trailing stop loss? This is how people lose everything. They ride stocks all the way down to the bottom.

Solyom
Guest
0
Solyom
May 19, 2014 5:56 pm
The story behind marijuana being a class I narcotic is rather interesting and has nothing to do with its being a “narcotic”. DuPont had just invented rayon and nylon and wanted that market (ropes etc.) so they through their lobbyists had hemp made illegal to grow in the USA. During WWII that prohibition was relaxed so lots of hemp was grown here in Nebraska. Very few physicians have a class I narcotics license. My opinion; It should be a class III narcotic. Then physicians could prescribe a month’s supply with a written script. No phone refills. It is about as… Read more »
joshsorensen
Member
0
May 19, 2014 7:24 pm

Go Big Red!

Dr. KSS MD PhD
Author
21718
May 19, 2014 7:54 pm

Agree Solyom.

My concern about legal proliferation of it is that COPD, lung cancer, cannabis hyperemesis syndrome, obesity/insulin resistance/NASH/diabetes are going to become way more prevalent. Cannabis can in fact kill. Deaths ascribed to heavy use of genetically potent plants is now a routine thing.

I am interested in companies coming up with selective modulators of the CB-1 and CB-2 receptors, the endogenous places where cannabinoids (exogenous or endogenous) bind. Arena (ARNA) is such a play.

Frosty
Guest
0
Frosty
May 20, 2014 10:58 am

Latest Harvard study (lead scientist who previously thought marijuana caused lung damage) shows marijuana smokers actually have lower rates of lung cancers. Don’t know where you get the other data. Yours is the big Pharma response to marijuana, take a natural plant that has been used medicinally for thousands of years and never killed anyone and make expensive synthetic drugs from it that are bound to have side effects. “Deaths ascribed to heavy use of genetically potent plants is now a routine thing.” that line is pure Reefer Madness jargon.

Frosty
Guest
0
vurttrader
Member
15
vurttrader
May 20, 2014 11:39 pm
Dr KSS – recent yrs has seen a significant uptake by marijuana users of vaporisers to ingest the drug – I am sure you are aware that this method of ingesting the drug essentially eliminates the carcinogens that come with the smoking of any substance – hence the recent dramatic rise in the share prices of companies linked with their manufacture & sale that has coincided with what some have described as ‘the green rush’. Most pro-legalisation groups and organisations (such as NORML) have long advised users that vaporisers are one of the safest & healthiest means to ingest marijuana… Read more »
John
Guest
0
John
June 5, 2014 10:40 pm

There we have it again. Government foolishly wasting tax payers money. The crime rates are on a decline so the politicians decide there’s a need to ramp up their spending for law enforcement departments. To accomplish what? Why won’t they repay some of their city, county or state debts early and allow their citizens to have decreasing taxes along with their decreasing crime.

G
Guest
0
G
May 26, 2014 12:44 pm

I would like to see links to your claims regarding the “deaths” attributed to Marijuana

dcohn
Irregular
159
May 27, 2014 1:52 pm
I also would love to see research where Cannabis can kill. I have seen several articles that claim there is no evidence of Marijuana ever leading to death. Hard thing to prove I guess.. Besides what others have said about using edibles and vaporizer and tinctures to make the user not burn anything additionally there are many NON Psychoactive Marijuana oils and edibles out specifically for people who only want the health effects (Using strains with HIGH CBD and low or no THC). Unluckily almost every Hospital or big Pharma research that does this testing stands to lose if people… Read more »
Laura P. Schulman MD, MA, FAAP
Guest
0
Laura P. Schulman MD, MA, FAAP
May 31, 2014 11:36 am

Uh….Dr. KSS, I would love to see the source of your information regarding MJ-related lung disease. I have been following MJ-related science for years, and have never seen any such articles in the major peer-reviewed journals. Your blood glucose-related claims are also outlandish. Sounds like somebody thinks all MJ users over-eat because of the munchies, and go down the slippery slope from there. Your comment reminds me of the movie “Reefer Madness.” I suggest you investigate some REAL science and stop spewing cooked-up garbage.

Dave H.
Guest
0
Dave H.
May 19, 2014 6:56 pm
ltimpone
Member
0
ltimpone
May 19, 2014 6:59 pm

anyone care to explain the gap up after the close?

https://www.google.com/finance?q=NASDAQ%3AFULL&ei=M4x6U9HbOsr46gGAv4CQDQ

I’m a buyer if it dips back down to 7.60

Manny
Guest
0
Manny
May 19, 2014 7:21 pm

Does anybody have an opinion on GW Pharmaceuticals plc (GWPH)? The company is being pumped up by Jim Kramer as his “top marijuana company”. But is it fairly priced? Is there any upside here?

poppajohn
Irregular
27
May 20, 2014 1:56 pm
Made a little money early on based on charting and dumped before the crash. So decided to watch the market. On April 5, the total market value of the 16 major stocks was above 5 billion. Since then, the Marijuana industry has lost 40% of its value in that limited time. GW is the only one to increase in value, up about 30% since april 5 and down about 22 % from the top of the marijuana bubble. It is 7 times its 52 week low of $8.46 so this is a late entry into the game for new buyers.… Read more »
poppajohn
Irregular
27
May 20, 2014 2:19 pm
BTW here is my company research at the time. I have not updated this: FUNDIMENTALS EPS: -.06 PE Ratio: not meaningful BV per share; 0.19 Tangible BV per share; 0.16 Cash per share; 0.20 Cash flow per share; -0.05 Company Background GW Pharmaceuticals plc is a United Kingdom-based company. The Company is engaged in the research, development and commercialization of a range of cannabinoid prescription medicines to meet patient needs in a range of medical conditions. The Company is developing a portfolio of cannabinoid medicines, of which the main product is Sativex, an oromucosal spray for the treatment of Multiple… Read more »
Richard
Guest
0
Richard
May 19, 2014 7:54 pm

Hemp is The Wonder Plant.
Beyond disgraceful how vested interests have been able to keep it illegal (and all the social ills that flow from that) for so long.

mmctim
Member
14
mmctim
May 19, 2014 8:18 pm

GWPH

mmctim
Member
14
mmctim
May 19, 2014 8:49 pm
HENRY FORD was rite – best plant in the world- its a weed so no planting required- will seed it self during harvest – no spraying herbicide or insecticide – 6 to 8 tons per acre of oil from seeds and birds lov’em- then cook it for ethanol – then make the finest cloth or rope or paper even wood etc (thousands of items) from mash – as Henry said “farmers best friend” – Ford was one of biggest growers in Michigan – don’t believe me – read this New Billion-Dollar Crop [ title – now keep in mind this… Read more »
mmctim
Member
14
mmctim
May 19, 2014 9:01 pm

oh yea pound for pound eats more CO2 and produce more oxygen than any ANY plant on earth – that was for the greenies – can’t forget GREEN – carbon tax – i should get carbon credit ( oh wait CHICAGO CLIMATE EXCHANGE will want money- ) for planting it when the KING ( WE NO LONGER HAVE A REPUBLIC ) allows us to

frankgr
Irregular
23
frankgr
May 19, 2014 9:04 pm

Good Lord! Why would you hang on to any stock as it withers like that?

mmctim
Member
14
mmctim
May 19, 2014 9:07 pm

GWPH ITMN NASD STOCKS no pink or bb crap stocks

J Mark Paine
Guest
0
J Mark Paine
May 19, 2014 10:10 pm

Thanks Travis. Good analysis, as usual.

Ziggy
Guest
0
Ziggy
May 19, 2014 10:39 pm

Travis…….I see that mmj is finally on your public radar!!! I wished I was more persistent in my posts over the last 8 months….. This will continue…. Paradigm shift has begun……Ziggy

Virginia Scanlan
Guest
0
Virginia Scanlan
May 20, 2014 8:11 am
I am completely opposed to legalized marijuana sales and would never invest in any company even peripherally involved in making it happen. For those with genetic histories of psychotic illness, marijuana use can be the tipping point for first episode psychosis. A recent study has shown that marijuana use causes psychotic episodes in the mid and late teens. This means that young people become ill with terrible interruption of their studies and their lives. Prognosis is much worse with earlier onset. Delaying genetically driven onset is very important. With proper medication, people with schizophrenia and psychotic bipolar disorder can lead… Read more »
Richard
Guest
0
Richard
May 20, 2014 9:40 am

Far far more damage done by permitted mind altering stuff. Psychosis may perhaps occur in the predisposed. Fortunately many have a broader world, medical and social view than you.
Medicinal marijuana is quite different to industrial.
The problem has been created by deliberately conflating the two categories for nefarious self interest.

farid zivary
Guest
0
May 24, 2014 9:25 pm

Half of allIt should remain illegalexcept for chronic pain and for end of life users patients admitted to psychiatric wards are marijuana abusers.Loss of motivation.laziness.depression.anxiety.psychotic symptoms and a whole lot of other social and mental issues are associated with this weed.People advocating it have no clue as to what they are talking about.

farid zivary
Guest
0
May 24, 2014 9:29 pm

Half of all patients admitted to acute psychiatric facilities are marijuana abusers.

Alex
Guest
0
Alex
May 20, 2014 9:49 am

So you want to keep something illegal b/c it would hurt the minority of people who have mental diseases if they use it? Something that in thousands of years hasn’t killed a single person, unlike the prescription medications I’m sure you’re very much in favor of? What a naive, uninformed, and close-minded view of the world. I hope you educate yourself

farid zivary
Guest
0
May 24, 2014 9:42 pm

It is not the minority of people with mental diseases who are harmed.20% of all people the world over have some kind of mental illness.This drug is the cause of mental illnesses of all kinds including anxiety. depression,psychosis,loss of motivation and destroyed lives.Just ask some body working in an acute psychiatric ward as to what % of patients have marijuana abuse as the most contributing or causal factor in their mental illness and you will have the answer.It is also the gate way drug which opens the door to abuse of even more dangerous drugs.It should stay banned.

dcohn
Irregular
159
May 27, 2014 5:18 pm

No facts no links to data that shows what you say is true. One nut wrote he has seen many kids die from MJ.
A FREE COUNTRY does not ban natural plants so one company can profit. The USA did. But a free country allows private citizens to do what they wish in the privacy of their own homes. It is those that feel the government should control it but vote republican (less government). Explain this insanity to me. Maybe if you started smoking some weed you would see the light.

John
Guest
0
John
June 6, 2014 12:03 am

You are confusing Hemp with Marijuana. They are not one in the same crops. Hemp has very little if any THC in it. It was the growing of Hemp that was banned in the US so the lobbyist’s employers could profit.

Alan Harris
Guest
0
Alan Harris
June 1, 2014 5:22 am

The worst gateway drug is Mothers milk……every addict started on it.100% of addicts…….ban it now!

hipockets
Irregular
1001
June 1, 2014 7:30 pm

Alan, I don’t know whether to thank you for keeping us abreast of the situation or to tell you to quit complaining and suck it up! ;>)

arch1
Irregular
5250
May 21, 2014 3:44 am

Virginia; I have personally seen many young people die while acting stupidly due to excessive use of cannabis. Cannabis seems to have the effect of making users think they are rational or even brilliant when using though their judgment is grossly impaired. Hazardous industries are never going to stop insisting on zero tolerance of cannabis for their employees. IMHO fa

vurttrader
Member
15
vurttrader
May 21, 2014 1:35 pm
Frank – despite being a recreational user of cannabis for much of my adult life I personally HAVE NEVER witnessed ANYONE young or old ‘die while acting stupidly’ due to their ‘grossly impaired’ judgements caused by the consumption of cannabis – in my experience users who consume cannabis in moderation do not suffer from significantly impaired judgements but act rationally, are able to communicate clearly & effectively & do not act at all like the stereotypical ‘Cheech and Chong’ stoner type – I myself have an academic background, have taught history at universities in New Zealand & Australia (where i… Read more »
arch1
Irregular
5250
May 21, 2014 2:31 pm

Did you not notice I said excessive use? Some cocaine & heroin users also function quite well but the majority do not. Some alcoholics have been good writers but that should not be a recommendation. I speak from experience of long standing in dealing with “street” users of drugs. You probably would be surprised at what some will use in seeking a “high”.

dcohn
Irregular
159
May 27, 2014 5:10 pm
You clearly know nothing. I apologize but it is quite clear. Street users. Hah. Good label. People are treated like criminals because they made a mistake. And now we have you telling us that you know something about it. Were you a street user? If not you know nothing about it except what your mind decided was true after hearing either a few stories or 30 years of stories. Imagine if you truly listened to those people. Comparing addictive drugs like heroin to Marijuana is plain silly. Marijuana is not going to cause any damage to children compared to Chicken… Read more »
dcohn
Irregular
159
May 27, 2014 5:00 pm
Yes but go have some Scotch or Vodka as that is safe for those same children that can find that legal substance in most homes. Any herb when used improperly can be dangerous, especially to growing minds. Show the link to your recent study please and most negative MJ studies are not legitimate in any way. Big Pharma surely has no place in recreational MJ use and if you really want to see study after study after study go to http://norml.com and search for whatever double blind study you are interested in. Shame on you for pushing studies you do… Read more »
poppajohn
Irregular
27
May 20, 2014 2:37 pm
When I developed my own Pot index of the Aggregate Value of all Pot stocks, CANN was excluded because they were suspended by the SEC. I did the research and found that the business was created by by the shell of a failed oil industry company so they could start selling stock immediately during the marijuana stock bubble. Despite the negative effect of being delisted, the stock is not much worse than the rest of the industry. They are down 47% compared to an industry weighted average of 41%. From my notes: Financials missing from SEC FUNDAMENTALS EPS:NA PE Ratio:… Read more »
dlaprete
Member
3
dlaprete
May 26, 2014 12:23 am

I think we buy into the idea that some of these companys in hopes that eventually the fed see’s the potential money they will make and loosen the grip and some of these co’s will contribute to the recreational and medicinal area’s of the sector.

vivianlewis
Member
167
vivianlewis
May 26, 2014 10:41 am
the way to play marijuana is the same as before: to produce it in a secret room in your home and get someone else to peddle the stuff. it is for now incompatible with stock market investing, particularly because of all the hype and boom-bust we have seen. for most people smoking the stuff recreationally doesn’t open the door to serious harm but there are vulnerable people who go off the deep end with something others can deal with, who become schizophrenic or drop into some other psychological hell after a few small puffs. (The situation is comparable to that… Read more »
Alan Harris
Guest
0
Alan Harris
June 1, 2014 6:03 am

I have some sympathy with what you say. I have known people get addicted to skunk. I have known some vulnerable young people who’s mental health has been affected. I have also known people to have violent allergic reactions to eating nuts. People drown in water. Should we ban nuts and water? Where do we draw the line?
In Spain you are allowed to grow two marijuana plants quite legally…….any more and your fined…….selling to others is still a criminal offense . This seem a sensible compromise.

arch1
Irregular
5250
June 1, 2014 12:54 pm
Alan; I think I actually agree with you on this,,Where do we draw the line. There is good evidence that tobacco is more addictive/habituating than MJ & alcohol certainly causes a lot of problems in behavior. Though counter intuitive I think we will actually get fewer adicts users with legalization. In any case it looks like we are going to have a national experiment here in the USA soon. That is likely to put a lot of illegal drug suppliers out of business & that would be good, but not for the economy of several countries. In my home state… Read more »
Alan Harris
Guest
0
Alan Harris
June 1, 2014 1:40 pm
Ah!! now theres the key. Once you can grow your own, where’s the business opportunity for criminals? The US banned alcohol once and look where that got you. The mob……speakeasy’s, shootings (jazz…yuk), police/judicial corruption. If you stop hunting down home brew drugs, you’ll have 10 times as many police to smack down the hard stuff dealers. And if people have got access to ‘home brew’ fun (and home brew is usually pretty weak unless you go serious hydroponics) , I certainly believe there will be less reason for people to even bother to try hard drugs. But I wouldn’t allow… Read more »
Alan Harris
Guest
0
Alan Harris
June 1, 2014 1:53 pm

One final question: Has anyone here EVER known someone chilled out on MJ to start a fight? Now tell me if you’ve ever known an alcoholic to start a fight?
Let it be!

c193
Member
54
c193
May 31, 2014 12:26 pm

Couldn’t one turn to the Netherlands for valid data on MJ?

dslarsen
Guest
0
dslarsen
June 4, 2014 9:45 pm

The teaser email says the stock pays an 11% dividend. CANN does not pay a dividend per Yahoo.

QUOTE:
Dear S&A Digest Reader,

If you’ve been paying any attention to the news, I’m sure you’ve heard about a totally new and potentially massive industry that’s sprung up, right here in the USA.

Yes, I’m talking about legalized marijuana.

Well, after extensive research, we believe we have found a backdoor into this industry.

It’s an unconventional stock with incredible potential and limited downside risk.

It even pays an 11% dividend…

END QUOTE

Mark
Guest
0
Mark
August 11, 2014 3:09 pm
I guess I’m 3 months late to the conversation. I bought a stock in a bankrupt company called (RTXBQ) A penny stock which is very risky. Then It dropped the Q Which meant it was not bankrupt anymore?, so they changed the ticker to (RTXB) Then They hired a person That was familer to introducing new products to like the grocery industry. Now remember I own the stock so my opinion might be way wrong. However I would like to say that That it deals in hemp seed products. You can’t get high from hemp seeds. However they do contain… Read more »
SoGiAm
Irregular
4837
November 5, 2014 9:52 pm

Medical Marijuana Clinical Trials- http://www.prnewswire.com/news-releases/281605481.html
FYI
Best-Ben

hipockets
Irregular
1001
December 21, 2014 12:57 pm
I did not read these emails that I received, but could not help noticing the persistence of the pumping from InvestorsEdge: 12/3/14 Subject: CANK continues steady rise up the Chart 12/5/14 Subject: CANK: The perfect storm is forming right now 12/6/14 Subject: CANK finishes the week up, primed for quick start .. 12/7/14 Subject: CANK Expected to Continue Upward 12/8/14 Subject: CANK set to open the week strong as upward pressure continues to mount 12/10/14 Subject: CANK gathers support for next push 12/12/14 Subject: CANK breakout ahead, building a higher base 12/15/14 Subject: CANK up by more than thirty percent… Read more »
bloomingrose
Member
0
bloomingrose
July 12, 2015 6:33 pm

Well it is at 3.55 – down one-half from when this article was written a year ago.

dealerdeb1
Irregular
22
September 18, 2016 12:01 pm

I just read a tease in Monday Morning Michael Robinson about a BDC that funds pot start-ups this must be Full as well. Have to buy their Newsletter to be sure hahahah not happening

wpDiscuz