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Pot stocks light up the market
CNN Money ^ | January 7, 2014 | Ben Rooney

Posted on 01/07/2014 5:32:29 PM PST by QT3.14

The business of legal marijuana is booming in Colorado -- and investors are catching a contact high.

Yes, there are pot stocks. Nearly all of them are thinly traded penny stocks available only on over-the-counter exchanges, but shares of companies that service the growing cannabis market have been blazing in recent weeks. Medbox (MDBX) is the latest example. The company provides products and services for businesses that dispense medication, such as pharmacies. It announced plans Tuesday to tailor its products for use in recreational and medical marijuana facilities. Shares soared 65%. (Medbox, for the record, is not a penny stock. Shares trade for about $66 and the company is valued at nearly $1 billion.)

(Excerpt) Read more at money.cnn.com ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: co; drugs; investing; legalmarijuana; marijuana; pot; stockmarket
....investors are catching a contact high...

Yes indeed it seems!

1 posted on 01/07/2014 5:32:29 PM PST by QT3.14
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To: QT3.14

Potheads making “the rich” richer. LOL! There goes the “gap” between “the rich” and “the poor” and it’s “the poor” who are making it bigger.


2 posted on 01/07/2014 5:37:19 PM PST by FlingWingFlyer (If you like your ObamaCare, you can keep your ObamaCare. I'll pass. PERIOD!)
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Comment #3 Removed by Moderator

To: QT3.14

How lovely. Forget old-fashioned stocks and bonds, and become a de-facto dope peddler.

America has become such a degenerate sewer!


4 posted on 01/07/2014 5:39:58 PM PST by greene66
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To: FreedomStar3028

Invest in Fritos vending machines...


5 posted on 01/07/2014 5:49:30 PM PST by Hatteras
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To: Hatteras

What’s really interesting is that Colorado is basically out of marijuana. The demand is much higher than the supply. So now to do business, the shop owners have to either

A.) wait for the next crop which could be months depending on if they have grow out doors, or if they have rotating indoor operations.

B.) get the product illegally out of state.


6 posted on 01/07/2014 5:57:46 PM PST by FreedomStar3028 (Evil must be punished.)
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To: greene66

You know, it can be strongly debated that alcohol is a much more dangerous and addictive drug.


7 posted on 01/07/2014 5:59:24 PM PST by FreedomStar3028 (Evil must be punished.)
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To: FreedomStar3028

Growing outdoors is out. That is still not legal in CO.


8 posted on 01/07/2014 6:00:24 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: TigersEye

What are the laws on indoor growing(capacity, time frame)?

What are the laws on trafficking?


9 posted on 01/07/2014 6:05:42 PM PST by FreedomStar3028 (Evil must be punished.)
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To: QT3.14
Date - Price Per Share - Volume Traded
12/26/2013 - 10.21 - 30,243

Today's Close = $73.90 that's up $63.79 since the day after Christmas

10 posted on 01/07/2014 6:14:49 PM PST by Robert DeLong (u)
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To: FreedomStar3028

For personal use a person can grow six plants at a time. Not sure how many times a year. The regulations may be different for someone growing commercially for the market but I don’t know what they are. Pretty sure outdoor growing is out altogether. I don’t know what the laws are on trafficking either.


11 posted on 01/07/2014 6:27:24 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: QT3.14

This story has a lot of conservatives lit up.


12 posted on 01/07/2014 6:30:26 PM PST by GSWarrior
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To: TigersEye

Well, I’m sure trafficking is very much illegal. This is really interesting though. Because people WILL be trafficking. The possibility of high profit is ridiculous if you could take a lot and knew people there that could pay.


13 posted on 01/07/2014 6:33:45 PM PST by FreedomStar3028 (Evil must be punished.)
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To: greene66

On a moral basis, is this stock significantly different from Beam, Diageo, MolsonCoors, BudweiserInBev, etc?


14 posted on 01/07/2014 6:34:19 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: FreedomStar3028

I think there has been good profit in selling pot for a long time. I doubt that the legal market is helping the illicit market.


15 posted on 01/07/2014 6:40:29 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: QT3.14

the free enterprise system at its finest


16 posted on 01/07/2014 6:41:25 PM PST by bigheadfred
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To: FreedomStar3028

I remember an “advertising” course I took in college thirty years ago, and the topic came up about working on ad campaigns for alcohol and tobacco companies, and the gravity of the moral quandary involved. The majority there seemed to agree it was something they would not be willing to do.

My opinion of people who take dope is incredibly low, but far worse, someone who actually works to sell and promote it (even if legal) would be someone I’d regard to be of supremely low, downright degenerate character. But it pretty much fits into the degraded depths America has sunk to. The whole country has “defined deviancy down” to the point of a putrid cultural abyss.


17 posted on 01/07/2014 6:42:01 PM PST by greene66
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To: greene66
The whole country has “defined deviancy down” to the point of a putrid cultural abyss.

The only "deviancy" left in this society is what used to be known as decency and common sense.

18 posted on 01/07/2014 6:49:03 PM PST by madprof98
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To: nascarnation

Personally, I would not purchase or own booze stocks. For moral reasons, notwithstanding alcohol’s longtime position in American culture and heritage.


19 posted on 01/07/2014 6:53:45 PM PST by greene66
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To: Robert DeLong
MDBX - Date - Price Per Share - Volume Traded
12/26/2013 - 10.21 - 30,243
Today's Close = $73.90 that's up $63.79 since the day after Christmas

=========================================

Closing up $33.95 to $73.90 today on 1.5 mil shares when the daily average is about 42,000, I'm sure had to do with MDBX being mentioned on CNBC's 'Closing Bell' yesterday and then again around noon today.

I just took a peek at the NASDAQ after-hours trading for them today:

Up $16 to $90 !!!!

NOV 2012 they were at $205 for one day before going back to reality. Maybe that is where they are headed again.

20 posted on 01/07/2014 7:14:33 PM PST by QT3.14 (Governments job is not to redistribute our things - it is to protect our liberties)
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To: greene66

What do you think of alcohol? Do you drink it?

Answer and stay away from the pot issue.


21 posted on 01/07/2014 7:40:08 PM PST by FreedomStar3028 (Evil must be punished.)
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To: FreedomStar3028

I have never taken even a single sip of alcohol in my life. Even as a teenager, I always looked upon taking mind-altering substances as a sign of weakness. Something I still pretty much adhere to.


22 posted on 01/07/2014 7:47:19 PM PST by greene66
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To: greene66

So, do you view people that drink as “dopers”, a sign of the moral and cultural decline of America?


23 posted on 01/07/2014 7:57:34 PM PST by FreedomStar3028 (Evil must be punished.)
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To: FreedomStar3028

I do not particularly respect people who drink to get intoxicated or “high.” But the whole booze versus dope dichotomy is relatively quite immaterial to me. The big thing is having a government now endorsing and promoting the use of more mind-altering substances (with the tax revenue, it WILL be promoting in society, no matter how subtle at first). Government as dope-peddler, cultivating a compliant voter-base of passive serfs.

Same government that is now regarding perverted homo couplings as the same equivalent of husband-and-wife. America, which was once the pinnacle of greatness and an unequivocal force for good in the word, is not just declining, but becoming a truly evil entity. This descent into dope is just another part of that.


24 posted on 01/07/2014 8:15:32 PM PST by greene66
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To: FreedomStar3028
You know, it can be strongly debated that alcohol is a much more dangerous and addictive drug.

Demonizing alcohol and tobacco won't make the lives of potheads any better or safer from government control.

25 posted on 01/08/2014 5:23:10 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: QT3.14
It was short lived. Price right now:

MDBX $59.23 -$14.67 -19.85% 1,101,431 shares.

26 posted on 01/08/2014 9:11:47 AM PST by Robert DeLong (u)
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