The next three years are a critical period for advocates aggressively lobbying for the legalization of marijuana and for the companies positioning themselves to take advantage of what they hope will be a series of legislative green lights.
One such company is Endexx Corp. (OTC Pink: EDXC), a company offering a bevy of software and hardware products that are needed by growers and distributors of legal and medical marijuana.
The Arizona company recently cut a deal to track 3 million pounds of medical marijuana annually for CEN Biotech, a division of Creative Edge Nutrition Inc.(OTC Pink: FITX). The tracking is needed to comply with Canadian regulations imposed on companies selling medical marijuana in the country. Endexx Corp. also sells and installs solar energy systems, which it says can cut cannabis growers energy bills by up to 30%.
During midday trading on Jan. 16, 2014, EDXC shares were trading for 0.14 cents, up 0.72% from the previous day's closing share price of 0.139 cents.
Find out what could be the best investor's move when it comes to EDXC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
13 States Targeted for Legalization
As mentioned earlier in this release, the ultimate success of these stocks will depend greatly on whether cannabis is legalized in the near future in more states than Washington and Colorado. If the high-profile advocacy group Marijuana Policy Project has its way, legalization will come sooner rather than later.
The group has targeted 13 states for full-scale legalization over the next three years for a heavy lobbying campaign. They include Maine, Arizona, Alaska, California, Massachusetts, Montana Nevada, Delaware, Hawaii, Maryland, New Hampshire, Rhode Island and Vermont.
Another company that stands to benefit from the legalization of marijuana is Growlife Inc. (OTCBB: PHOT), a California company that sells hydroponic and lighting equipment to marijuana growers.
During midday trading on Jan. 16, PHOT shares were trading for 0.2320 cents, down 10.8% from its closing share price of 0.258 cents the previous day.
Find out what could be the best investor's move when it comes to PHOT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Medical Marijuana Inc. (Unsolicited Quotes Only: MJNA) is a San Diego company also positioning itself to serve a potentially thriving medical and legal marijuana industry. Its products range from patented and proprietary cannabinoid products, to seed and stalk or isolated high -value extracts specifically made and formulated for the pharmaceutical, nutritional and cosmetic industries.
While the company describes itself as being the first publicly-held company vested in the medical marijuana and industrial hemp markets, all has not been smooth sailing for Medical Marijuana. The company’s Chairman and Chief Operating Officer Michelle Sides felt compelled to address what she characterized as “concerns of a number of our valued shareholders” in a letter dated Apr. 30, 2013.
In the letter, Sides gave a point-by-point presentation of the Medical Marijuana's objectives and marketing strategies. She also blamed negative emails, phone calls and blog articles about the company as being the work of a "collective group of individuals with personal motives."
During midday trading on Jan. 16, MJNA shares were trading for 0.189 cents, down 3.08% from the closing share price of 0.195 cents the previous day.
Find out what could be the best investor’s move when it comes to MJNA by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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