Making Money From Marijuana

NEW YORK: Making money from marijuana in the past used to require navigating the red tape of the law.  Jim Cramer has had his eye on one stock that is giving him quite a buzz.

GW Pharmaceuticals is a speculative drug company that has a history of volatile trading. However, Cramer wouldn’t be surprised if the more than 10 percent jump in the stock on Wednesday is just the start of this stock being… high.

To find out where this stock could be headed, the “Mad Money” host sat down with Justin Gover, the CEO of GW Pharmaceuticals.

Cramer considers GW Pharma to be the one really legitimate play on medicinal marijuana, as it uses marijuana to develop real medicine. Additionally, it is a British company that doesn’t need to worry about the U.S. laws that make owning large quantities of pot a felony.

 

MJX Marijuana Index To Feature NYSE Distribution With 3 Unique Tickers

CALIFORNIA: MJX Marijuana Index has been acquired by MJX Ventures, through a new partnership with Interactive Data, a global leader in asset valuations, data, and index management.  According to press releases, MJX Marijuana Index will now feature three unique NYSE tickers with distribution on NYSE’s index system.

Combined with robust third-party data feeds provided by Interactive Data Corporation (IDC), including monthly adjustments for corporate actions and balancing of constituents, MJX Ventures is pleased to be entrenched as the leader in marijuana equities. NYSE distribution for the three MJX Marijuana Index tiers will provide a global platform as MJX’s “best-in-class” system is enhanced and launched in new global markets.

Significant capital and resources are being invested into the MJX infrastructure in order to build the first bona-fide stock index for the sector and a team of broadly experienced securities professionals are now aligned with the Index. Originally founded in Q1 of 2013, the MJX Marijuana Index was built with the vision to establish various funds and ETFs which would track the emerging industry. The overwhelming interest in the index has caused MJX to seek additional partners and expanded distribution to ultimately deliver the best User Experience and data delivery possible.

MJX is taking the following steps to improve the Index experience:

1) MJX is expanding the site to include three indexes: United States Reporting Companies, Non-United States Companies (solely Canadian issuers at this point) and Non-Reporting (pink sheet) Companies; MJX intends to cover every qualified cannabis stock traded throughout the world on these three platforms. This expansion is expected to be completed by September of 2014.

2) Once this expansion is completed, the United States Reporting Company Index will be quoted on the New York Stock Exchange (see below on trading in the Index). MJX may seek listing on NASDAQ’s system in 2015.

Budding Recreational Pot Industry Sparks Innovation And Investment

WASHINGTON: Recreational marijuana is legal in Colorado and Washington state, and though it’s still illegal under federal law, more states are considering the move, setting the stage for a potential gold rush that could conceivably rival the repeal of prohibition.

Economics correspondent Paul Solman talks to entrepreneurs looking to cash in on the cannabis industry.

LESLIE BOCSKOR, Investor: This is a unique moment in history, and these days will never return again.

MAN: This is like the wild West right now, right, unfolding before our eyes.

PAUL SOLMAN: A flock of gung-ho investors who’ve traveled to a hotel north of Boston to hear product pitches in an industry that, until recently, was strictly illicit.

Bloom Off Of Pot Stocks On Wall Street

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% off 52-week lows.

But 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. CannaVest, which specializes in industrial hemp production, had climbed to $180 a share last month. After dropping 11% to to $61.45 Thursday, it’s lost nearly two-thirds of its market value.

Kevin O’Leary: I Would ‘Very Much’ Like To Invest In Marijuana

NEW YORK:  “I would very much like to invest in it,” the co-star of ABC’s reality show Shark Tank and CBC’s Dragon’s Den told CNBC on Wednesday.

O’Leary, who has a net worth in the hundreds of millions and makes investments both on and off camera, says he has already looked at two deals in Colorado’s marijuana industry.

But the investor says laws at the federal level prevent him from putting his money where his mouth is.

“My lawyers tell me a different story right now, because we don’t have a federal mandate to legalize marijuana yet. We have state initiatives,” he explains, adding that the risk of incarceration is still present.

 

 

Marijuana Will Be The Single Best Investment Idea Of The Next Decade: Todd Harrison

NEW YORK:  Call it a drug trade for investors. Todd Harrison, CEO and founder of Internet-based financial media company MInyanville, thinks cannabis “will be the single best investment idea for the next ten years.”

But while the public has watched recreational marijuana take off in Colorado this year, how can they profit from it as an investment theme? [Read more…]

Don’t Get Burned By Marijuana Investment Scams

NEW YORK: It’s not exactly corn or wheat, but marijuana is now a cash crop that generates a staggering amount of money in the U.S. each year — $40 billion and growing by one estimate.

The feds still classify cannabis as an illegal drug, but medical marijuana use is now permitted in about 20 states and the District of Columbia. Recreational use is legal in Washington and Colorado. [Read more…]

Marijuana Investors Commit More Than $1 Million After Denver Meeting

COLORADO:  Denver meeting of a marijuana industry investment group resulted in more than $1 million in new money being pumped into cannabis businesses, the group announced Wednesday. [Read more…]

Marijuana Investors Commit More Than $1 Million After Denver Meeting

COLORADO:  Denver meeting of a marijuana industry investment group resulted in more than $1 million in new money being pumped into cannabis businesses, the group announced Wednesday. [Read more…]

Why Many Marijuana Industry Investors Were Thwarted In Colorado, Despite Legalization

COLORADO: When U.S. Attorney General Eric Holder announced the Justice Department’s decision to allow legal marijuana markets to move forward without a fight on August 29, it was not just news for pot shops, pot users and pot growers. [Read more…]