Medical Marijuana Company To List On ASX

Although listed on the Australian Securities Exchange, PhytoTech will use marijuana grown in California and Uruguay to develop medical products in Israel.

AUSTRALIA:  In the United States, it is known as the dot bong boom. And although in Australia cannabis does not – yet – flow as freely, the first medical marijuana company is about to list on the Australian Securities Exchange. Perth-based PhytoTech Medical will lodge its disclosure document in late November, with the aim of Read the full article…

Canadian Marijuana Firms OrganiGram, Bedrocan Soar On Market Debut

Three of the 13 medical marijuana producers licensed by regulator Health Canada are now public.

CANADA:  Shares of Canadian medical marijuana producers Bedrocan Cannabis Corp and OrganiGram Holdings Inc jumped as they began trading on the TSX Venture exchange on Monday with investors expecting fast-growing demand in the fledgling industry. The companies are the first major alternatives to Tweed Marijuana Inc, which was listed in April. The offerings mean three Read the full article…

Marijuana Stocks Pose Investor Risk, Canada Watchdogs Say

Canadian watchdog warns investors of risky marijuana stocks

CANADA:  Canada’s securities watchdogs are warning investors to be wary of publicly traded companies with ambitions to grow and sell medical marijuana after a rush of at least 13 firms into the industry. Investors may be at risk if they buy into small or previously inactive stocks seeking to enter the business after Canada moved Read the full article…

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…

Temper Your Excitement For Pot Stocks

“If it’s legalized in a number of states, there certainly is a large potential for companies in this industry, whether you agree with it or not,” said Brian Bruce, chief executive and chief investment officer of Hillcrest Asset Management LLC in Dallas. “If suddenly you have 10 states where it’s legal, there’s good revenue potential there.”

NEW YORK:  It was only a matter of time before this subject came up: What types of investment opportunities does the fledgling legalized marijuana industry offer? Whatever your position is on legalized marijuana, there’s no question that this is an industry that’s got many people seeing huge dollar signs for the future. In 2012, Washington Read the full article…

Marijuana Stocks Hit Highs After Colorado Legal Pot Sales

Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry.

NEW YORK: Stocks of companies involved in the marijuana industry — medical or otherwise — hit fresh highs Thursday after Colorado launched the first legal US sale of recreational pot. Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry. With one study predicting a $10 Read the full article…

U.S. Regulators Warn Marijuana Scams Growing Like Weeds

Financial and Banking regulations may keep legal marijuana business all cash

NEW YORK: Investors in marijuana-related stocks may see their profits go up in smoke, U.S. regulators said on Tuesday.The Financial Industry Regulatory Authority, Wall Street’s industry-funded watchdog, warned that scammers have been targeting investors attempting to tap into the growing U.S. marijuana industry. Nearly 20 states permit the use of marijuana for medical purposes, and voters Read the full article…