Here is how I see it.
So we didn’t get reclassification, did you really expect it to be that easy??
The big news last year (and into 2013) is the legalization of recreational use. Neither of the two states has it available for sale yet (except through their MMJ programs) so everybody is watching to see what happens. Colorado has the best chance just by how their MMJ is structured. Washington isn’t as organized. I bet you can’t purchase MJ in Washington as a rec user for years.
If you take a look at some of the MMJ states the laws are still a little confusing to say the least. I have looked at Michigan’s the most and growing your own isn’t as most people think, It would be much easier to make your own booze and people aren’t doing that as much as you would think. Most states require secured facilities – max number of plants – People think if you get a card you can just run around willy nilly but it doesn’t work that way. I don’t believe there is a law in any of the states that protects the MMJ against employers, landlords, etc - against fear of the Feds. I know the president said he has bigger fish to fry but apparently the west coast division of the DEA didn’t get that memo. Look at some of the dispensary issues in Cali.
So the reason I am sticking with this stock is that I believe it will hold true over time. A long time. First we have to absorb the sell offs every time any good news hits the board and then as that stabilizes the stock will start to climb. I am hoping that the company shows profit in every quarter next year (as I’m sure every stock holder would want) but it should be obtainable with this company – It is going to get bigger naturally. Having an accounting firm audit their finances was a surprise this early in the game so at least somebody is thinking about the future. I did receive the gum trial from CanChew and I’m impressed thus far. The relabeling of Dixie Elixirs to look new to new customers is also thinking outside the box. So I do see this stock moving forward but not going viral overnight (as we all know it didn’t)
Bottom line I’m riding this SOB to the very end – I have doubled my investment and can’t wait to see where it goes from here – hopefully it can hold a solid .20 by fall. Hell even Indiana has a bill sponsoring decriminalization which is huge in that area of the country.
So if you made enough, move on if you’re up for some interesting news and conversation stick around.
This is how I view this company and the industry all together. There is enough scientific proof that MJ has medical benefits and this company seems to be targeting all the right products. MMJ is different from recreational use in the sense that all we need as investors is more states to accept MJ as a medical drug. Bigger then this though, we need to have MJ reclassified, which should come within the next few years as more studies come to surface.. this is all we need, and I'm willing to gamble because it seems inevitable to me. However, I do believe that many of the other companies will succeed also. The hard task at hand is choosing the company who will become the industry leader 10 years down the road. New companies will enter this industry as time goes on, but they won't be proven like MJNA. Because of current revenues being reported I feel very strongly about this company. I am also invested in TRTC for the long haul because they seem to have plans to tackle the growth portion of this industry.
It's to our benefit that the Federal Government does not legalize marijuana as this keeps big tobacco out of the game. Altria and the like would move in big time if that ever happened and suck the life out of little players qith their cash and marketing and R&d.. Cigarettes would have many new brands spiked with MJ