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Orange

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Teen marijuana use has fallen in WA since it was legalized for adult use.

 

http://norml.org/news/2017/09/07/report-teen-marijuana-use-treatment-admissions-fall-in-washington-state-post-legalization?link_id=1&can_id=1b9696901a4111d82ec0ad03ae625d38&source=email-norml-news-of-the-week-972017&email_referrer=email_230760&email_subject=norml-news-of-the-week-972017

Authors reported that rates of current marijuana use and lifetime marijuana use have fallen among young people since lawmakers enacted legalization in 2012. These declines were most pronounced among 8th and 10th graders.

...

Separate studies from Colorado and Oregon similarly report that the enactment of adult use marijuana regulations has not adversely impacted youth use patterns in those states.

 

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2 hours ago, Orange said:

There goes the Cole Memo.

Jeff Sessions proves once again that he's more devoted to his investments in private prisons by giving US Attorneys free reign to start attacking legal pot businesses:

https://www.politico.com/story/2018/01/04/jeff-sessions-marijuana-policy-us-attorney-enforcement-324020

This news caused various cannabis stocks to drop from 5-10%, which I used as a buying opportunity today (Canadian companies) in my 401K. Canada is apparently going to legalize nationally this summer. Eventually, there will be good US companies to invest in as well, but I feel like things are too turbulent at the moment.   

Anyone else investing in this sector? Curious to compare notes.

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33 minutes ago, row Z said:

This news caused various cannabis stocks to drop from 5-10%, which I used as a buying opportunity today (Canadian companies) in my 401K. Canada is apparently going to legalize nationally this summer. Eventually, there will be good US companies to invest in as well, but I feel like things are too turbulent at the moment.   

Anyone else investing in this sector? Curious to compare notes.

I'm invested in BLOZF, which lost about 15% today.  However, it is still up over 45% since I purchased it about a month ago.  BLOZF is the Canadian company that is making THC breathalyzers and they are well funded.  If Jeff Sessions starts cracking down on weed in legalized states, it will make the need for breathalyzers even more necessary to either way I feel like this stock is a winner as long as they are able to successful bring the product to market before they run out of money.  This seems like a good bet to make as they just recently raised 6 million dollars on an offering that was immediately scooped up by underwriters and large holders.  Clearly I'm not the only believer.  

I've also recently initiated a position into Canopy Growth $WEED.CA -- seems like the company most likely to dominate the California weed industry. 

 

Here is my portfolio as of now not including the aforementioned stocks:

$JT - China loan play, going to be a big winner

$Mark 

$CLLS - Will get bought out by Pfizer soon, watch. 

$AZRX (up 13% today, might double in the next few months)

$OSTK - up huge and expect this stock to hit the low $100's sometime this year.  

$Vuzi - Augmented Reality Glasses, big believer in the short term, not as much long term.  

 

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50 minutes ago, row Z said:

This news caused various cannabis stocks to drop from 5-10%, which I used as a buying opportunity today (Canadian companies) in my 401K. Canada is apparently going to legalize nationally this summer. Eventually, there will be good US companies to invest in as well, but I feel like things are too turbulent at the moment.   

Anyone else investing in this sector? Curious to compare notes.

Not on the public trading market, but I'm a cannabis attorney.  So, to the extent cannabis is criminalized, so goes my practice.

This was the latest statement from the Oregon U.S. Attorney (who will now be the final word on whether all the grows/processors/dispensaries/wholesalers in my state, who I've helped get licensed, will be rounded up in school busses and taken to federal prison):

 

“As noted by Attorney General Sessions, today’s memo on marijuana enforcement directs all U.S. Attorneys to use the reasoned exercise of discretion when pursuing prosecutions related to marijuana crimes. We will continue working with our federal, state, local and tribal law enforcement partners to pursue shared public safety objectives, with an emphasis on stemming the overproduction of marijuana and the diversion of marijuana out of state, dismantling criminal organizations and thwarting violent crime in our communities.”

-Billy Williams

 

Not as specific as I'd like, but to me it basically says that cannabis companies in compliance with the state laws will more than likely be safe.  At least in Oregon. And at least as long as Williams is the USA. Most rational federal prosecutors realize that marijuana is far from their top concern.

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Thanks for sharing your research, All Hail. Very interesting ideas. You are a ways ahead of me in analyzing opportunities.

I bought some Canopy Growth Corporation today, which seems to be the market leader in terms of Canadian growers ($TWMJF). I also invested in these three: Aurora Cannabis ($ACBFF), Aphria ($APHQF) and MedReleaf ($MEDFF).   

https://finance.yahoo.com/news/best-marijuana-stocks-buy-2018-132100800.html

 

 

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2 minutes ago, Orange said:

Not on the public trading market, but I'm a cannabis attorney.  So, to the extent cannabis is criminalized, so goes my practice.

This was the latest statement from the Oregon U.S. Attorney (who will now be the final word on whether all the grows/processors/dispensaries/wholesalers in my state, who I've helped get licensed, will be rounded up in school busses and taken to federal prison:

 

“As noted by Attorney General Sessions, today’s memo on marijuana enforcement directs all U.S. Attorneys to use the reasoned exercise of discretion when pursuing prosecutions related to marijuana crimes. We will continue working with our federal, state, local and tribal law enforcement partners to pursue shared public safety objectives, with an emphasis on stemming the overproduction of marijuana and the diversion of marijuana out of state, dismantling criminal organizations and thwarting violent crime in our communities.”

-Billy Williams

That is really interesting, Orange. You are on the front lines of this cultural shift. Aren't you also a criminal attorney? I suppose that side of your business could be in for an uptick even if the licensing slows down. 

I thought this was a good article on the preliminary legal dynamics in Seattle and WA. Of note, the new Seattle mayor, Gov and AG all appear ready to battle the Feds. 

https://www.thestranger.com/slog/2018/01/04/25678999/what-does-jeff-sessions-war-on-legal-weed-mean-for-washington-state?cb=4c02ab98c98992abd7f2b8589b48d349 

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10 minutes ago, row Z said:

That is really interesting, Orange. You are on the front lines of this cultural shift. Aren't you also a criminal attorney? I suppose that side of your business could be in for an uptick even if the licensing slows down. 

I thought this was a good article on the preliminary legal dynamics in Seattle and WA. Of note, the new Seattle mayor, Gov and AG all appear ready to battle the Feds. 

https://www.thestranger.com/slog/2018/01/04/25678999/what-does-jeff-sessions-war-on-legal-weed-mean-for-washington-state?cb=4c02ab98c98992abd7f2b8589b48d349 

No, I interned in criminal law as a law student in Colorado Springs and in Eugene, but have never practiced it as an attorney.  I suppose I could start picking it up again, but it's a pretty radical shift, and a severe pay cut.

But you're right in that we're kind of on the leading edge of this.  It's exciting and scary, both for the fact that we're practicing business law in an area that is against the law federally, and also simply because we're a startup law firm.  And that shit's chaotic as all hell under the best of circumstances when you're not already engaging in conduct that could theoretically lead to a RICO conviction.

Yes, the state representatives in every state are being very strong in their support of cannabis and opposition to Sessions.  Even the Republican senator from Colorado has sworn to block all of Trump's DOJ nominees if Sessions doesn't back off!

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17 hours ago, row Z said:

Thanks for sharing your research, All Hail. Very interesting ideas. You are a ways ahead of me in analyzing opportunities.

I bought some Canopy Growth Corporation today, which seems to be the market leader in terms of Canadian growers ($TWMJF). I also invested in these three: Aurora Cannabis ($ACBFF), Aphria ($APHQF) and MedReleaf ($MEDFF).   

https://finance.yahoo.com/news/best-marijuana-stocks-buy-2018-132100800.html

 

 

I don’t know how much you have invested in pot but I would caution you to not put all of your eggs in one basket.  Diversify your holdings or risk getting obliterated by the market.  If pot stocks account for more than 20% of your portfolio, it’s time to start    Liquidating some of your positions immediately and investing into other sectors.  Even 15-20% is still too high.  Pot is an unregulated, dangerous sector with far more unknowns than knowns.  It should be treated as a speculative investment and nothing more.  

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1 hour ago, All Hail said:

I don’t know how much you have invested in pot but I would caution you to not put all of your eggs in one basket.  Diversify your holdings or risk getting obliterated by the market.  If pot stocks account for more than 20% of your portfolio, it’s time to start    Liquidating some of your positions immediately and investing into other sectors.  Even 15-20% is still too high.  Pot is an unregulated, dangerous sector with far more unknowns than knowns.  It should be treated as a speculative investment and nothing more.  

That being said, I think Sessions' announcement yesterday does more to ensure the long-term survival of recreational marijuana than anything else. Congress, and the people, are now incensed.  Incensed people are more likely to act.

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2 hours ago, All Hail said:

I don’t know how much you have invested in pot but I would caution you to not put all of your eggs in one basket.  Diversify your holdings or risk getting obliterated by the market.  If pot stocks account for more than 20% of your portfolio, it’s time to start    Liquidating some of your positions immediately and investing into other sectors.  Even 15-20% is still too high.  Pot is an unregulated, dangerous sector with far more unknowns than knowns.  It should be treated as a speculative investment and nothing more.  

I have not invested that much in cannabis. However, I am drinking the kool-aid on the significant medical and wellness potential of cannabis that we are only scratching the surface of. In ten years time, I think cannabis is going to be a much larger industry than it is today. The trick will be picking winners along the turbulent path and not being too early.

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21 hours ago, All Hail said:

I'm invested in BLOZF, which lost about 15% today.  However, it is still up over 45% since I purchased it about a month ago.  BLOZF is the Canadian company that is making THC breathalyzers and they are well funded.  If Jeff Sessions starts cracking down on weed in legalized states, it will make the need for breathalyzers even more necessary to either way I feel like this stock is a winner as long as they are able to successful bring the product to market before they run out of money.  This seems like a good bet to make as they just recently raised 6 million dollars on an offering that was immediately scooped up by underwriters and large holders.  Clearly I'm not the only believer.  

I've also recently initiated a position into Canopy Growth $WEED.CA -- seems like the company most likely to dominate the California weed industry. 

 

Here is my portfolio as of now not including the aforementioned stocks:

$JT - China loan play, going to be a big winner

$Mark 

$CLLS - Will get bought out by Pfizer soon, watch. 

$AZRX (up 13% today, might double in the next few months)

$OSTK - up huge and expect this stock to hit the low $100's sometime this year.  

$Vuzi - Augmented Reality Glasses, big believer in the short term, not as much long term.  

 

JT up 5%

Mark up 4.5%

CLLS up 2.5%

AZRX up 5.25%

OSTK up 10.5%!

VUZI up 5%

BLOZF up 5%

WEED.CA aka TWMJF up 5.5%

How about that Portfolio!? 

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On 1/5/2018 at 1:40 PM, All Hail said:

I spoke to soon, Vuzi closed up 20%!!  Hell of a Friday. 

Indeed, everyone is realizing what I already knew; Sessions' announcement has about 1% of the impact people believed when they first heard it.

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3 minutes ago, All Hail said:

 

Although Canopy growth has been on fire too! 

 Canopy Growth is my biggest hit so far, up about 24% in less than 2 weeks. I am expecting a turbulent ride though, but willing to hold for a the long term.

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The Deschutes County (Bend, OR) sheriff is now outwardly discriminating against the marijuana business, and threatening to take a "proactive" (copspeak for "Imma be a dick for no reason") approach "if Deschutes County continues to approve more grows." 

That's right, a county cop is threatening to undermine the will of Oregon voters and pretend he's an FBI agent, and disrupt a legal industry due to personal animus.

I fucking hate police.  These asshats are WAY too heavy on power trips and way too light on brains.

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