Marijuana Millions: “The Kennedy Story You Were Never Told”

Looking at the Small Stock Specialist teaser for marijuana investment ideas

By Travis Johnson, Stock Gumshoe, July 31, 2014

Famous families and historical fortunes fascinate investors — the idea that these families you know and (sometimes) worship created vast fortune because of one wily speculator way back in the family tree is almost irresistibly interesting. It gives us the feeling that any family can rise up and make a big bet on the way to riches… hey, maybe if we try that speculation when there’s “blood in the streets,” my grandchildren will be a staple in People Magazine in 20 years as speculation stirs about who will marry into the golden [insert your name here] family.

We’ve seen lots of different family fortunes teased as a “what if” for potential newsletter subscribers over the years — from the Rothschilds and their forebears’ savvy bets on gold coins, to the families who gave their money to a young Warren Buffett to manage when he started his first partnership, and this latest one pitches a family fortune that’s a bit older than Buffett’s, a lot younger than the Rothschilds or the Rockefellers, and a family still often thought of American royalty: the Kennedys:

“The Kennedy Story You Were Never Told

“A Surprising Income Stream of the Famed Kennedy Family Fortune. This Secret Could Actually Make You A Small Fortune Over The Next Few Years.”

Larsen Kusick writes the ad letter this time around, he’s a Stansberry analyst and is apparently working for Frank Curzio on his Small Cap Specialist, because that’s the newsletter they’re flogging with this pitch.

So what’s this “story you were never told?”

Well, it’s mostly about how the Kennedy fortune really started to build almost 100 years ago, when Joe Kennedy was speculating on distillers and related alcohol companies just as prohibition was starting to weaken. It’s a long spiel and I’ll share a couple key points from it so we’re all on the same page (you can see it here if you prefer), but the basic pitch from the Small Stock Specialist folks is that the marijuana industry is going to have a surge much like (or even better than) the profit surge of the distillers, brewers, suppliers and other booze companies. And that they have the right strategy for investing in the three “Waves” of the coming marijuana boom.

The comparison has some logic to it — marijuana legalization does seem to be proceeding apace, though I think we’re probably going to hit some more hiccups along the way to more recreational legalization if there’s any kind of backlash from Colorado and Washington (state) after their first months with legal recreational marijuana industries. Legalization of marijuana for medical use is, I think, probably already past the point of no return, and I’d guess that full federal legalization will come to us within a decade or two… particularly for communities who would much rather be spending their money on fighting the (much more cruelly addictive) heroin and prescription painkiller trafficking that seem, from my perspective, to do a lot more harm than recreational pot smoking (not to the smoker’s lungs, perhaps, but to society at large).

That doesn’t mean marijuana companies are guaranteed winners, it’s still generally a commoditized business without any real leading brands that have taken hold (that’s one substantial difference with prohibition), and there are always big losers in big transitions too — and smaller companies or more speculative companies trying to take advantage of legal loosening are not always well-financed enough to get through the volatile early years even if their strategy ends up being the right one over the long term. And, of course, the excitement of a new industry brings the rats out of the cellar, too — there are dozens of publicly traded penny stocks that profess a marijuana connection and have gone on wild 1,000% rides, and it’s quite possible that none of those companies will exist in a year or two. I can’t imagine Curzio is touting the real “pennies” in this sector, but let’s see how Kusick teases us today.

First, the basic argument from Kusick:

“The way I see it, marijuana has the perfect trifecta…

  • People want it (based on Gallop polls)
  • Governments need it (for revenue)
  • And now doctors are for it…”

And the comparison to prohibition’s end, in their words:

“The parallels are uncanny.

“Stunning Parallel #1: During alcohol prohibition, whiskey could be purchased legally with a doctor’s prescription even though it was illegal at the federal level. Medicinal whiskey was one of the most popular painkillers of the day.

“Sounds like what’s going on today with marijuana, right?

“Stunning Parallel #2: During prohibition individual States began taking steps to legalize alcohol BEFORE the federal government did. Voters in New York, Illinois, and Wisconsin, for example, voted in favor of legalizing alcohol before it was legalized at the federal level.

“Sounds similar to what’s going on in Colorado and Washington today, doesn’t it?

“Stunning Parallel #3: One of the key reasons for legalizing alcohol in 1933 was to increase government tax revenue. Remember, this was during the Great Depression and the government was essentially broke and DESPERATE for cash.

“Again… sounds eerily similar to what is happening today, right?

“My point is: The path to legalizing marijuana in America is following – almost exactly – the same path alcohol followed in the early 1930s.”

OK, so we’ve got the basics. What stock is Frank Curzio recommending? There are actually two, plus a “look out for this third thing” future idea. We’ll sniff ’em out one by one:

“The First Wave of New Marijuana Wealth

“The first way is with my favorite marijuana company.

“This small company – which I guarantee most investors have never heard of – is setting itself up to become one of the leading medical marijuana pharmaceutical companies not just in the U.S., but on the entire planet.

“This is not some ‘fly-by-night’ penny stock operation, either. This company has been in business since 1998…

“In fact, this was the first company in the world to seriously investigate the therapeutic benefits of cannabis-based medicine.

“For the past 15 years, this small firm has been quietly researching, developing, and cultivating various high-end, health-related strains of marijuana extract for use in a highly sought after medical drug for sale in the U.S. and several other countries throughout the rest of the world.

“Its technologies and inventions are protected by a portfolio of over 209 patents, with several others in progress – access to its highly regulated controlled substances is protected by 24-hour surveillance.”

That’s probably enough for many of you to “name that stock” — it has been touted and teased a few times over the years, and is pretty unique for its pharmaceutical focus on marijuana. But let me throw a couple more of Kusick’s clues on the pile just in case…

“This small firm has even set up licensing and distribution deals with companies in Canada, the UK, and the U.S. to get its products into consumer hands as quickly as possible….

“there are still as many as 30 states without a medical marijuana industry… and 48 states without a legal marijuana industry.

“We are at the beginning of something very, very big. And this small company is standing at the forefront….

“in April, Morgan Stanley published a 29-page research report dedicated solely to this small company… and even forecasted shares could go as high as 126% by April 2015.”

This one is far from being a “secret” stock, as you’ve probably already noticed — here Kusick is teasing GW Pharmaceuticals (GWPH), and it has indeed been around for a long time… and has been trying to turn the active chemicals in marijuana into prescription drugs for most of that time. It has been endorsed by Jim Cramer a few times on CNBC, and does indeed have several analysts covering the stock (including Morgan Stanley, as teased, which touted the potential back in April and has also helped GW Pharma sell stock in the past — though their price target of a bit over $100 seems less exciting now, with the stock in the $80s, then it did when the shares dipped briefly to the mid-$40s in April).

We first looked at it about three years ago when it was being teased by a UK newsletter, back before they got a US listing. The stock has just about quadrupled since then… though it was also cut in half a couple times along the way, kind of what you’d expect for a speculative biotech stock (it’s also up about 10X in value since it listed in the US at $9 a year ago). The latest dip came when they did a secondary offering at the end of June, which is no great surprise, but it has also had upward surges as their drugs have progressed through clinical trials or hit commercial milestones.

And that’s what this really is — an emerging pharmaceutical company. If they can turn their particular expertise at growing the rights strains of marijuana and getting optimal medicinal impact then perhaps legalized marijuana will be a boon for them if they are able to be a leading “brand” provider of medical marijuana… but that’s really not what they’re focused on in any way, as far as I can tell, they’re focused on developing prescription drugs with cannibinoid active ingredients. Frankly, medical marijuana might be a problem for them because a cancer patient who can smoke weed for pain might be a bit less likely to get a prescription for a branded pharmaceutical drug that promises to offer the same benefit in a more purified or concentrated form. That’s just spitballing, we’re a ways from knowing how the growing marijuana industry would impact a marijuana-derived pharmaceutical product. I haven’t looked at the company’s filings closely enough to see if they’re positioning themselves to be anything more than what they are, which is a drugmaker who happens to use marijuana for active ingredients in their medications, I’d guess that’s very speculative (they have a lot on their plate with the core business right now).

The business is proceeding pretty well on the traditional pharmaceutical front, they have an approved drug in Europe, Sativex for spastivity in MS patients, and they’re in Phase III trials as they try to get Sativex approved in the US for both that indication and for advanced cancer pain, and their second drug in the approval process is Epidiolex for certain forms of epilepsy, which has orphan drug designation from the FDA. Epilepsy, MS and cancer pain are all obviously large markets, and Sativex sales are apparently growing — they don’t actually market the drug, it is partnered out in every country and it looks like they receive some sort of royalty and provide the raw materials, so it looks like they should be able to keep costs under control with their partners bearing a lot of the expense of the clinical trials. They are losing money, but they’re currently on pace for about $50 million a year in revenues, presumably mostly from Sativex in Europe, so that cuts into the cash burn quite a bit. You can tell it’s a biotech stock because they don’t use dollar figures all that often, except when they’re raising money — the focus is all on clinical trials and pipeline (not that there’s anything wrong with that).

And that’s about all I know on this one — you can see their investor presentation here, which has nothing to do with medical marijuana legalization. Dr. KSS chimed in on GW Pharma a while back, by the way, in response to a question from our own Blind Squirrel, Jim Skelton, who has ridden his way to some profits on that one. I’ve got no skin in this game at the moment, it looks like the company has quite a few important dates coming up over the next year as regards clinical trials in progress and FDA decisions so it might well be a bumpy ride… even if the stock isn’t driven, as it probably sometimes has been, by general marijuana speculation.

So that’s the “First Wave” for marijuana, according to the Small Stock Specialist folks … what’s the “Second Wave?”

“Did you know that during the repeal of prohibition in the 1930s some of the biggest gains in the alcohol markets came from businesses that never produced or sold a drop of alcohol?

“Check this out…

  • A beer bottle maker called Owens Illinois Glass, for example, went up 705%
  • An aluminum can maker called Crown Cork and Seal soared 1,180%
  • A yeast supplier called Standard Brands went up 258%
  • A cork manufacturer called Armstrong Cork skyrocketed 2,250%
  • A sugar supplier called American Crystal Sugar went up 1,100%
  • A carbonation company called Liquid Carbonic increased 455%
  • A corn supplier called Corn Products Refining soared 266%”

So, as you can guess, they’re hinting at some company that doesn’t actually grow or sell marijuana … but someone who provides some other service or ingredient for that industry. He gives an example of a family owned business that’s getting an early position in the packaging needs of the industry in Colorado, but that’s not a publicly traded one — so then we move on to some clues about a stock that is publicly traded:

“Cultivation facilities in Denver now occupy about 4.5 million square feet – the equivalent of 78 football fields – and demand for pot is still not being met!

“There is so little space, in fact, that grow space lease rates have quadrupled in price in recent months, according to the Denver Post.

“Well, I recently found a company that buys properties, legally zones them to grow marijuana, and then leases the space to cannabis growers.

“It’s an awesome business model.

“This company does not grow or sell pot. It simply rents out what is probably the most valuable real estate in the entire industry.

“Among this company’s recent purchases: An 83,000 square-foot growing facility… and an approved site for medical marijuana dispensary.”

The ad doesn’t specifically say that they’re recommending this one, so I can’t tell if this is just an example or if it’s in the Small Stock Specialist portfolio — but the match for those specific clues is a teensy weensy stock that trades on the OTCQX called Zoned Properties (ZDPY). It calls itself a specialist in properties with “zoning challenges” (people don’t always like having marijuana dispensaries in their neighborhood, and it’s hard to get zoning for something that’s of questionable legality under Federal law). I have to imagine that this is just an example, then, because there’s no way Frank Curzio can recommend an illiquid $5 million stock even if it did get a mention in the Wall Street Journal a few months ago. It’s stupid that this company is publicly traded at this point, and if he suggested it to even a hundred of his closest friends they would just be selling the stock back and forth amongst each other and driving it up — which wouldn’t make his tens of thousands of subscribers very happy. So it must just be an example.

That said, there is a somewhat more established business, though one that’s also had lots of questions surrounding it, which is also in the “leasing to marijuana growers” business, and that’s Advanced Cannabis Solutions (CANN). Frankly, it would be a little hard to see him suggesting such a stock to this fairly large newsletter audience, too, but he DID recommend one of CANN’s financiers to his much smaller Phase 1 Investor audience a few months ago (that was the BDC Full Circle Capital, FULL, we covered it in May here).

So really, it looks like he didn’t throw out any good hints for the “picks and shovels” business he might be suggesting — he gave some examples, but my guess is that those are not stocks he could really recommend. Maybe he’s got some other idea that he’s keeping under wraps more thoroughly, but I didn’t see any other hints in the ad.

And how about “Phase Three?” That’s apparently something bigger than legalized medical or recreational marijuana, here’s how they spin that at the end of the ad:

“The Revolution Wave

“This is an industry directly related to marijuana that is going to be completely transformed as the legalization process inevitably continues.

“This third wave is where the truly astronomical gains could be seen.

“Because this wave will affect not only the marijuana smoking, but also the manufacturing, transportation, and energy industries in America as well.

“What I’m talking about specifically is a closely-related cousin of the marijuana plant, prized for extreme strength and durability…
A single acre of this miracle plant, for example, produces as much paper pulp as 4 acres of mature trees. What’s more, it takes just 4 months for this plant to mature, whereas trees used in paper production can take 20 years or more! This miracle plant also produces a fabric that can be sewn as soft as silk… a naturally fire-retardant material that is stronger than cotton. One acre of this plant produces as much fabric as 3 acres of cotton!

“And get this…

“This plant can even be used to make a plastic that is stronger and safer than its petrochemical counterpart. And unlike plastic from oil, this new plastic is chemical-free and 100% biodegradable.”

OK, so that’s hemp. And it sounds like the argument is… once marijuana is more fully legalized, there will be no reason not to go back to using hemp in many more ways, and growing and producing hemp products in the US. Which is largely illegal now (though there are plenty of hemp products sold now, we’ve got a hemp clothing store in town, no one’s growing big fields of it in the Midwest or South like they do wheat or cotton because it’s too similar to marijuana and therefore remains illegal to cultivate… though that has changed in some states already). Fine logic, I suppose, though I don’t know if he’s recommending someone who would actually grow hemp if they were given a chance.

Any more clues?

“Now that it’s becoming legal again, we think the industry around this miracle plant could realistically become bigger than the recreational and medical marijuana markets COMBINED!

“In fact, Financial Advisor magazine recently said just that… predicting this new industry could become 10-TIMES the size of the legalized marijuana market.

“This new miracle plant even has the backing of President Obama (who signed a bill allowing it to be grown in the U.S. for the first time in decades) and Senate Minority Leader Mitch McConnell.

“I know I’m being a bit vague about it here, but when we show you the details of what I’m talking about, I know you’ll agree that this could be completely revolutionary over the next few years.”

Well, that’s not enough to be definitive, to be sure. The two hemp companies I most often hear about are Hemp, Inc. (HEMP), which is laughably small, and CannaVest (CANV), which looks like it is a real company but carries a truly absurd valuation even after falling about 95% from its marijuana-stoked highs a few months ago (at about $6 it still trades for 55X sales… it briefly touched $200 a share back in February). Both are trying to ride the wave of marijuana but stay off to the side a bit, working on hemp products that are not psychoactive. It may well be that hemp oils and hemp fibers and seeds become bigger industrial ingredients or food/cosmetic ingredients in the US again at some point, though it’s hard to see a spectacular impact on the stock price of either of these names or a reason why these would become super-lucrative industries — I don’t know that hemp is unavailable globally as an ingredient, it’s just that we haven’t grown much of it in this country, and using imported raw materials hasn’t necessarily been a huge detriment to other US industries.

So that’s about all I’ve got for you today — I’m quite sure Curzio is touting GW Pharmaceuticals as a pick of his newsletter, but that’s about as far as I go from the clues they provided. I can’t be very definitive about the “second or third wave” stocks in marijuana that he seems to be hinting about, and he doesn’t so much come out and say that he wants to buy all these possible “next wave” stocks. The marijuana stocks have pretty much all collapsed, whether they are actual companies that were horrifically overvalued or just shell pink sheet “pump and dump” ideas to tantalize investors, but I’d be surprised if we’d seen the end of them — some will no doubt be aggressively promoted again and rise from the ashes with the next legalization votes in the next wave of states.

And there may well be a real investment case for some marijuana stocks that can be made someday, with a straight face and without a lung full of smoke, but the few that I’ve glanced at are all still ludicrous. GWPH is not a marijuana stock, really, and it hasn’t collapsed as much, and neither is FULL, but the others all mostly seem to move together as investors either salivate over a “new industry” or panic that they’ve been misled in a “pump and dump.” If there are some sustainable “Kennedy Fortunes” that rise from marijuana legalization, my guess is that they’d come after someone really starts to build up a company that controls a lot of distribution and has some branding power, which is probably quite a ways off in the future if it happens at all (Joe Kennedy was already wealthy in the 1920s, but became far wealthier in part by becoming the sole US distributor of Gordons and Dewars as prohibition broke)… or, of course, they could be the fortunes built by the shady folks who are on the right side of the marijuana stock “pump and dump” promotions (no, not Curzio and the newsletter people — the actual “pump and dump” offshore crowd who create empty shell stocks, change the name from “Richest Gold Mine Ever, Inc.” to “Fast Times Weed, inc.” and get trend-chasers to buy the stock from them).

Me, I get burned by plenty of real companies whose financial prospects I can understand … I don’t feel the need to be on the leading edge of the recreational marijuana industry. What about you? Think I’m wrong and missing something big? Interested in any of these pot stocks or others that I haven’t mentioned? Let us know with a comment below.


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Donald
Guest
Donald

in this article you did not mention a company named nuvelx what is your take on this company

frank_m
Irregular
frank_m

Thanks Travis, nice write up. I have a personal stance on investing in what I call ‘sin tax’ companies. For me these include casino, alcohol, tobacco, and now the cannabis industries. I realize I am forgoing being in on some very good investments, and avoiding some pretty questionable ones, like the subject of this article. Keep up the good work!

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Andrew
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Andrew

GW Pharma is doing ok, and is worth risking buying at $10; but the current price is crazy and momentum driven. Smart public relations, cannabis interest, and momentum traders have caused this to be so overvalued. Make money from this stock: short it.

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CLARENCE GIVENS
Guest
CLARENCE GIVENS

WHILE ALL THIS MJ DELERIUM HAS MANY PEOPLE GRINNING ( PUN INTENDED ), JUST WAIT TIL THEY TRY TO GET A JOB. THERE ARE NO INGREDIENTS KNOWN TO BOOST BRAIN POWER, WISDOM OR EXPERIENCE WHILE LIVING IN A FOG.

Jim Leavenworth
Guest
Jim Leavenworth

Millions of people have smoked pot more or less casually and have held down jobs who’s status does not differ substantially from non users, although to be fair non users include some heavy drinkers and unlike you I am not stereotyping . So who would be a prominent pot user I can use to buttress my case? Bill Clinton, whatever else you may think of him he does not fit he stereotype of an unmotivated pot head. In fact he turned vegan after his heart attack which I have to respect, I don’t have that degree of self discipline and… Read more »

gard
Guest

Not that I am pro or con mj but many artists and even scientists had testified to the fact that some of their best ideas came from mj.

George Bush
Guest
George Bush
glenn james
Guest

I think it is a mistake and will create problems, to many young will be able to get it, not good

Malcolm Jensen
Guest
Malcolm Jensen

Worrying about legalization of pot and availability to youngsters is just plain silly. In fact, distribution to kids will be exactly as illegal if we remove the legal proscription regarding adults as it is now. However, the network of illegal providers will be greatly reduced, which will reduce, not enhance, the availability to the kids.

John Harris
Guest
John Harris

Absolutely correct Malcolm. Alcohol is legal and in my estimation far more dangerous (and deadly) when misused and we mostly keep it out of kids hands. Sure kids water down their dad’s scotch (yeah mine did) and try it but it is not easy for them to obtain on a regular basis. Pot can be legalized too and controlled in the same way. I totally agree it will be less available to kids. And we are long overdue to stop putting people in prison for using or for that matter selling pot – this is not only just wrong it… Read more »

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Olwreckdiver
Guest
Olwreckdiver

As far as keeping pot away from kids, I don’t want to hurt your feelings, but I think you are in Fantasyland. My oldest son, who is now retiring after 30 years in construction, barely made it through high school because of pot smoking. RIGHT NOW it’s available in every high school and town in the U.S.

Mike
Guest
Mike

The kids have it , while we waste tax dollars continuing to prevent it’s use. Google ” how did marijuana become illegal” be surprised how a wealthy publisher engineered a campaign to scare the country into making it illegal.

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danielj1960
Member

Until marijuana is legal in all fifty states it will be a speculative investment. Most of us have to work to pay are bills and a large segment of employers routinely drug test. No responsible person is going to risk their job just to get high when you can get drunk as heck and stay employed.
This is coming from the genius that did not invest in Tesla because he thought battery technology was not up to snuff yet so caveat emptor !

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Deborah G Flynn
Guest

The problem with pot is it makes people unmotivated, lazy and useless performing tasks. Mrally I have no issue one way or the other. BUT that being said watch productivity decline

John Harris
Guest
John Harris

Yes smoking pot may makes you less motivated, just like drinking alcohol may make you drunk. But you can’t come to work drunk and the vast majority of social drinkers don’t. They know they need their wits about them to work. So we have happy hour AFTER work. The same is true of pot. You might not realize it but lots of people who currently smoke pot recreationally in the evening do go to work straight the next morning and are as productive as any others. If productivity were to decline from pot smoking it already would have because a… Read more »

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gard
Guest

totally agree. I can use a lot of alcohol and still not lose my job, be responsible. And I did invest in Tesla at $35 lol

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Walter Starck
Guest

Cannabis is a hardy, easy to grow plant that can thrive almost everywhere. A single healthy plant can produce a year’s supply for a smoker. The $300-400/oz. retail price that now prevails is purely an artifact of it being illegal and is almost certain to collapse if growing for personal use is not prohibited with strong enforcement. The prospect of big profits from legalization runs a high risk of being very short lived.

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Rusty Brown in Canada
Guest
Rusty Brown in Canada

Yes, exactly. All I want is to be able to grow one or two plants in the back yard – legally – and spend the winter holed up safe and warm with a supply of Southern Comfort, Dvorak on the headphones and a bit of euphoric to end the day in ease and bliss.

Deborah G Flynn
Guest

If it becomes legal no one will have to hide their own pot plants in the wondow sill. So the hype is overstated. Most people that I know that smoke already have their own plants. No one is bothering them now it is if they get into selling an illegal substance. I had [since moved] a neighbor who grew his own for years.

biff summers
Guest
biff summers

There is another one comming on line and the ticker is GRCU. But it has a definite medical slant. Might work.

kellan14
Member
kellan14

Kind of a nauseating smell emanating from all the greedy people who are looking for ways to cash in on reefer madness. Like anyone with 1/2 a brain can grow their own and smoke all they want. (hmmm people do that already!) One thing for sure there will be a lot of scammers trying to cash in on the stupidity

John Lincks
Guest
John Lincks

I am a subscriber to Frank Curzio’s Small Stock Specialist. The (3) stocks he pitched were GWPH, LNN, CANV. He had a “buy” on GWPH and LNN, a watch only on CANV.

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quincy adams
Guest
quincy adams

Not wishing to spoil the Kennedy parallel, but I was under the impression Papa Joe made his fortune while prohibition was in full bloom, via bootlegging. My bad, I guess…must have been smoking something.

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Thomas Kueny
Guest
Thomas Kueny

I agree with Clarence Givens……..too many pot heads in the work force would create havoc in our economy……and make our highways more dangerous.

quartercrazi
Member
quartercrazi

Pardon Me but both of you idiots can kiss my you know what. My daughter and only child was killed by a F….. DRUNK DRIVER a year ago & he just got 1 year time served in jail and seven years probation while someone growing pot for his wife or mother or son whose fighting to survive cancer or aids or going blind from glaucoma gets 10 YEARS WITH NO PAROLE. DON’T YOU DARE TRY TO PUT THAT” MAKE THE HIGHWAYS MORE DANGEROUS B.S. OUT THERE YOU UNIFORMED IDIOTS. Alcohol kills thousands each year ans costs society millions of $$$… Read more »

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LostOkie
Member
LostOkie

As someone who smoked an AWFUL LOT back in the 60’s and early 70’s, if given a choice on getting into a car with a pothead or a drunk, I’ll choose the pothead every time! I agree with you 100% Michael. Not as angry as you, But then I don’t have your reason to be angry.
So Sorry to hear about your daughter

mary
Member
mary

Michael, I am so sorry for your loss. You are totally right about the unfair laws regarding alcohol and pot…hopefully that will change some day soon.
No one should ever drive while impaired no matter what the cause.

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ALB
Guest
ALB

I feel sympathy for the pain you’re suffering. It seems blowing some weed in your house is a preferred way of relaxing compared to getting drunk in a bar and attempting to drive home. But whether these marijuana-related stocks will ever do well seems to be a puzzle for all investors, no matter what your personal feeling is about the herb.

John Harris
Guest
John Harris

I also agree but not as mad but did not have your loss. People are more likely to be hit by someone texting in their car than someone smoking pot. And you can drink to the point where one drunk got on the highway going the wrong way with blood alcohol at .27 and hit a bus of children. That just does not happen with pot – you never pass out where as with alcohol at higher levels you are almost unconscious and do pass out if you drink too much (and with alcohol it has a delayed onset of… Read more »

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Kaoru N.
Guest
Kaoru N.

Did you know more people die from being attacked by deers than MJ! Yes that’s right, google it! Humans think they are on the top of the food chain, how pretentious!!! Just buy the “right” stuff and magic…….ITS ALL MARKETING! Stop buying useless nutrients,do your own research,and use your dollar to help yourself. Mike, as you know, society dictates. People are just like sheep, and you have the insight of a wolf. F*** society! Blind leading the blind. Alcohol pickles your brain and that can’t be reversed. Is America pickled?

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Mark
Guest
Mark

There is a company RTXB, which is about to come out with a hemp seed based drink. It doesn’t get you high however Hemp seed is like flax seed, (it is good for you). I like the idea however it’s a penny stock with very little information availible. So I’m going to wait till I can get some good information on it, or see the product at the store.

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David Paton
Guest
David Paton

Everyone who thinks about marijuana at all should, I think, read a major review on the Adverse Health Effects of Marijuana Use published in the New England Journal of Medicine oin the June 5, 2014 issue (vol 370: 2219-2227). The NEJM is one of the most respected medical journals in the world so can generally be trusted!

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quartercrazi
Member
quartercrazi

Respected by whom ? The same doctors who get kick backs from Big Pharma to get everyone on some kind of prescription drug ? Sorry David, but I have zero trust in anything that comes from Western medicine today. At the same time, I don’t disagree that smoking anything including pot can have adverse effects on the body and brain particularly if done to excess but there has been so much mis-information and outright lies published by “respected” medical agencies over the last 7 decades regarding pot that its hard for me to give credibility to any of them especially… Read more »

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Jeff T.
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Jeff T.

The only growth stocks for either the medical or illegal marijuana are companies who are making LED grow lights for indoor (and even outdoor) grows. The entire legal or medical marijuana industry is still predominantly using High Pressure Sodium or Metal Halide (or florescent) lights. These old hippies are in charge of some of the largest grow operations and they are afraid of technology. I have read about other pink sheet companies who seek to grow 1.3 Million lbs. of pot for sale and export in Canada. They are not even licensed by the Govt. but from their web site,… Read more »

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ziggy
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ziggy

Many companies will jump on the mmj bandwagon…..only a few with succeed. Whether you like it or not a paradigm shift is happening now. The key ……find the ones that can weather storm and keep up with changing laws and directives. Like alcohol …..mmj/rec mj is not going away…..I own 5 mmj stocks out of the 150-200 now offered……filter the noise!!!!!!

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gard
Guest

I have only 19 on my list that I have been compiling for a year now. 150-200 is incredible and if you will please send me your list. thank you alan

Diane Graszik
Guest
Diane Graszik

Hemp Milk by Pacific Foods that I purchased at Whole Foods on Long Island is pretty good!

pday
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pday

by the way,the Kennedies were original bootleggers in the alcohol business,thats how they made their fortune…..like the man on CNBC in Calf. who made millions and got away with illegal pot for years under the Golden Gate Bridge…and got caught and went to jail a few years.back out his stocks are mjna and hemp….pot growing I don’t think will ever generate the revenue cigarettes or alcohol did….As I saw on tv,the average plant creates about 3 oz. of marijuana,,,a years supply for one or 2 people who use to relax at night…..you don’t need land like cigaretes,and easier to make… Read more »

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pday
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pday

forgot to add this,in the 60s ,70s ,and my kids got into it and I was so naïve,but watched and there were no fist fights like drinking,no violence like drinking,but when my forman found 25 plants growing on my property,I knew the kids started their view of a pot plantation and had my forman cut down and could not put in the trash,.For fear of being caught and loosing my home I let it dry a few days and had my forman burn it…I bet we had the entire neighborhood hign…..I had an architech who used it for shoulder pain… Read more »

Beachbum One
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Beachbum One

Speaking from experience, I smoked pot EVERY day of my adult life, (except for 30 days prior to drug tests for a few jobs) held management positions in Fortune 50 companies most of that time, and am now spending retirement enjoying the fruits of my 40 years of labor. Tobacco was MUCH worse for my lungs. Booze was even more damaging. Pot…not so much! Baby Boomers will make up a big part of the consumers, we’ll not affect the “downfall of the worker bee mental agility” as some fear, (it’s not true anyway) and we’ll be more pain free–without the… Read more »

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arch1
Member

BB one Be aware that cannabis arrests have tripled in Kansas and Nebraska from people visiting Colorado to check the products.

tim
Guest

THIS IS THE START OF THE DOWN FALL OF AMERICA… BUT IT LOOKS LIKE OBAMMA HAS EVERY ONE BEAT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Beachbum One
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Beachbum One

Tim, you can’t even spell the name of the President correctly, I think the downfall of America is being led by morons like you…

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Stymie
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Stymie

LOL. One of the best responses I’ve ever read to these sort of nonsensical rants.

Beachbum One
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Beachbum One

Oh, and by the way TIM, everyone is one word….not two! GEEZ!

Olwreckdiver
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Olwreckdiver

You mean like ” I had 50 pot plants and the cops took every one”? LOL