Bloom Off Of Pot Stocks On Wall Street

marijuana mania continues to fade as investors realize there's more smoke than fire at many companies, which show "pot-tential" but little actual revenue.

NEW YORK: Wall Street seems to be losing its appetite for pot. Marijuana stocks were high flyers — so to speak — after Colorado and Washington states legalized pot sales and several other states announced they may legalize sales or decriminalize possession. Shares in about 20 marijuana-related companies began soaring, with some gaining more than 500% Read the full article…

The First Pot Stock Billionaire Says His Penny Stock Could Be A Little High

The average daily volume of about 10,900 shares has been light this year, but someone is buying the stock and the $117 it closed at on Friday makes Mackay the world’s first pot stock billionaire thanks to his 15.7 million shares in CannaVest.

NEVADA:  You have probably never heard of Bart Mackay, a 57-year-old Las Vegas lawyer who works on various ventures like Dot Vegas, which operates the .Vegas top-level domain. But on paper, Mackay is the first pot stock billionaire. Mackay’s holdings in CannaVest, which bills itself as the world’s leading hemp-based investment company, are valued at Read the full article…