Good Morning Troops! **NewsFlash: The Top Mari-juana Stock of the last few months is in bounce mode and we are on it like a trampoline!**
Good Morning Traders:
Ahead of Wall Street… Pot stocks are still en vogue. Every time we think that bubble has popped a new piece of press hits the airwaves and convinces us that NOW is the time to get back in. Guess what folks NOW is that time! Last week’s yet another state made the jump, and announced a vote come November. With Oregon voting on recreational legalization and a proposed amendment to the Brings Jobs Home Act that would make state medical mari-juana programs legal on a federal level. While many things remain uncertain, the moves represent significant progress on that front.
Florida`s upcoming elections will determine whether or not the state becomes one of the few southern U.S. states to adopt less restrictive MMJ policies.
In addition, recent studies have shown that legalization has not increased teen usage.
Are you prepared to begin your hump day with profits Now let’s take a closer look at this monster CBIS chart **The Technical Advantage**
CBIS has finally turned the corner and produced two very powerful and reliable patterns one after another. With a bottoming tail yesterday, coupled with a Green Doji today, we are seeing a bottom in place. Now is the time to start accumulating.
Doji is the most famous candlestick among all different kinds of candlesticks and Doji Star is the most well known Doji pattern. It indicates a change in the downtrend and suggests a new uptrend may be commencing.
The New York Times takes a hard stance on marijuana In case you missed it, the NY Times, one of the most respected and highly viewed paper, took a hardline stance on Mari-juana.
_”The federal government should repeal the ban on mari-juana…. We reached that conclusion after a great deal of discussion among the members of The Times`s Editorial Board, inspired by a rapidly growing movement among the states to reform marijuana laws,” stated the New York Times Editorial Board`s sweeping statement._ _Chad S. Johnson, Director, COO and General Counsel, for CBIS agrees. “As a bell weather of the view of American citizens, the New York Times` action is yet another example of prestigious, mainstream journalistic institution like CNN and Dr. Sanjay Gupta in openly challenging the irrational federal classification of cannabis.”_ Throw your iPhone out the window as the Mari-juana market is poised to grow faster than Smartphones Researchers surveyed hundreds of medical cannabis retailers, processors, dispensary owners and industry leaders over the course of six months this year, and estimated that more than $1.43BB worth of legal marijuana was sold in 2013. The report also predicts that figure to grow by 64 percent, to $2.34BB in 2014. By comparison, recent figures show the smartphone market expanded by 46 percent from 2012 to 2013.
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