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Medical Marijuana Startup Aphria Grabs $6.2 M

Medical Marijuana Startup Aphria Grabs $6.2 M

Vic previously served as CEO at Jamieson Laboratories, Canada’s largest manufacturer and distributor of natural vitamins, minerals, concentrated food supplements, herbs and botanical medicines. Vic brings 15 years experience as a chartered accountant and partner with Ernst & Young and 21 years leading Jamieson. When Vic began his career with Jamieson in 1993, the top five leading nutrition brands each […]

June 9, 2014 · 0 comments · Feature Article
Poof! Marijuana Stock Bubble Deflated

Poof! Marijuana Stock Bubble Deflated

The marijuana stock bubble that emerged earlier this year has been deflated, following actions by the Securities and Exchange Commission that have scared investors away from penny pot shares, according to Forbes columnist Nathan Vardi . Pot stocks are different from other over-the-counter (OTC) bulletin board stocks and are buffeted by ongoing changes in various state laws on medical marijuana […]

June 9, 2014 · 0 comments · Feature Article
Growblox Rallies After Forming Subsidiary Ahead Of Puerto Rico Decision On Medical Marijuana

Growblox Rallies After Forming Subsidiary Ahead Of Puerto Rico Decision On Medical Marijuana

Proceeds are to be used to support company growth as well as for general corporate purposes. GBLX shares were up more than 15% at $2.64 apiece in recent trade, earlier climbing to a session high of $2.85 a share. The stock has a 52-week range of 10 cents to $8.90 a share, more than tripling in value over the last […]

June 9, 2014 · 0 comments · Feature Article
Investors Fall In Line Into Risky Penny Stocks

Investors Fall In Line Into Risky Penny Stocks

The renewed interest in a market that used to be known as the pink sheets – because of the colored pieces of paper once used to record prices for unlisted stocks — shows investors are ramping up risk in a bid to boost returns as U.S. stock indexes are hovering near highs and stock valuations have risen above historical norms. […]

June 8, 2014 · 0 comments · Feature Article
California’s Unlikely Pot Crackdown

California’s Unlikely Pot Crackdown

A draft letter from Deputy Attorney General James Cole that Wagner had helped prepare prior to the meeting declaratively spelled out the government’s opposition to commercial cannabis operations. It dispelled any notion that a 2009 federal memo-saying the Justice Department wouldn’t target individuals complying with state medical marijuana laws-was intended as a green light for a marijuana industry green rush. […]

June 8, 2014 · 0 comments · Feature Article
Minnesota Says ‘Yes’ To Medical Marijuana

Minnesota Says ‘Yes’ To Medical Marijuana

On May 29, 2014 Minnesota Governor Mark Dayton signed a medical marijuana bill crafted by the House and Senate. Minnesota is now the 22nd U.S. state to legalize medical marijuana. Canada’s conservative federal government is already regulating and taxing medical marijuana. It is estimated that the legal marijuana business will generate more than $3.1 billion a year in taxable sales […]

June 8, 2014 · 0 comments · Feature Article
The SEC’s Actions Scares Investors About, And Out Of Marijuana Stocks

The SEC’s Actions Scares Investors About, And Out Of Marijuana Stocks

Marijuana stocks are different from other OTC BB stocks, and have seen headwind because of ongoing changes in various state laws on medical marijuana and recreational marijuana (RM), in addition to legal uncertainties at the federal level. At the end of Y 2013 and Q-1 of Y 2014 the penny stock (share under 5.00) sector of the OTC market led […]

June 8, 2014 · 0 comments · Feature Article
Growlife Still Halted; Marijuana Penny Stocks Still Doomed

Growlife Still Halted; Marijuana Penny Stocks Still Doomed

Over and over, frankly, and consider this yet another warning: Stay away from hyped-up penny stocks, which so far this year has meant specifically staying away from the marijuana-weed-pot penny stocks, most of which even at this moment, are still up many hundreds of percent in the last year. Most of these over-the-counter weed penny stocks are just vehicles for […]

June 8, 2014 · 0 comments · Feature Article
Healthcare Stocks Mixed; Growblox Forms Subsidiary, Rallies Ahead Of Puerto Rico MMJ Decision

Healthcare Stocks Mixed; Growblox Forms Subsidiary, Rallies Ahead Of Puerto Rico MMJ Decision

Separately, GBLX late Monday raised $5 million through a private placement of its common stock, issuing about 7.7 million shares, which would indicate a price of about 65 cents per share. Proceeds are to be used to support company growth as well as for general corporate purposes. GBLX shares were up more than 15% at $2.64 apiece in recent trade, […]

June 8, 2014 · 0 comments · Feature Article
By 2019, Marijuana Will Be Legalized In Texas

By 2019, Marijuana Will Be Legalized In Texas

Rather, the states must lead, and Congress will then follow. I’ve also been involved in Texas politics for 10 years, so its easy to notice that marijuana has changed from being a dirty word to being an I-don’t-care kind of word. This is good news, because marijuana should be less concerning than, say, aspirin, which kills more people each year […]

June 7, 2014 · 0 comments · Feature Article
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