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Cannabis, in the last few months, has shown its growth potential and has grown fourfold. New York legalized the drug for medicinal use in July and Florida is set to become the first southern state to legalize the drug for medical use.. That vote takes place in November 2014.
My new alert has just announced plans to open three dispensaries in Oregon as part of the company`s expansion plans. I can`t imagine Florida not being on the company`s radar either.
In short this is a medical marijuana play that has very solid growth potential built in. And the technical setup does a good job of support too.
Start your research as quick as you can.
Next Generation Energy Corp. – NGMC Last Price: $0.012 http://www.nextgenerationenergycorp.com/
Technical Highlights · NGMC is discounted to both its DMA 50 and DMA 200, signaling a huge opportunity to catch the play on an upward run.
· NGMC is trading with a RSI of 41 which indicates good bounce potential from current levels.
· NGMC`s has strong daily liquidity and average volume is trending above 2.4 million shares · NGMC has built up strong support at current levels. The momentum shift is starting to take shape as evidenced by the rising trend line on the play`s technical chart · NGMC is expanding its base of medical marijuana dispensaries. The impending move into Oregon could spur further openings as more US states legalize the drug for medical use.
· NGMC`s move into the medical marijuana space is yet to reach full throttle. Growth potential is strong going forward.
· NGMC is pushing to service 200 patients a day at its first dispensary and management has outlined plans to ramp up marketing and promotion.
About NGMC NGMC (Next Generation Energy Corp.) was formed to further its ownership interests in the energy business including but not limited to owning natural gas and petroleum oil properties, natural gas and oil royalty interests in existing energy producing properties, ownership interests in proven reserves, and other activities associated with fossil energy markets.
NGMC recently announced its wholly owned subsidiary, NextGen Cannabis Consulting LLC to act as a vehicle for its operations in the booming medical marijuana industry.
NGMC intends to offer turn-key DMS services will include real estate management, marketing, product training, staffing, sales training, facilities management, security systems to include armed guards, video surveillance, loss prevention systems, and a full suite of cloud based IT solutions to manage all aspects of the supply chain from seed to sale.
NGMC was founded in 1980 and is based in Annandale, Virginia.
Gavin Newsom Will Back `The Right Initiative` To Legalize Marijuana In California California Lt. Gov. Gavin Newsom (D), who has made no secret of his overall support for marijuana legalization, has now said he`s prepared to campaign for a ballot measure in 2016 to permit recreational pot use in the state.
During a luncheon meeting for the Marin County Bar Association last week, Newsom said he would back a marijuana legalization measure “if it is the right initiative,” The Marin Independent Journal reported.
“The `right initiative` would be one that addresses age limits — he doesn`t want to see the drug in the hands of kids — one that addresses advertising, driving under the influence,” Andrea Koskey, communications director for Newsom, told The Huffington Post. “He`d like to see questions answered on taxation — whether there are different taxes for medical marijuana or recreational use — banking, whether it can be used in the home, and the kind of restrictions for use in public, as some among many more questions that we don`t have answers to yet.” Koskey added that Newsom is closely watching Colorado and Washington state, both of which legalized recreational marijuana sales beginning this year, to learn from the implementation of their historic laws.
Any future legislation to permit recreational marijuana in California will likely be influenced by the state legislature`s current debate over a medical marijuana bill. California was the first state to legalize medical marijuana more than 17 years ago. Lawmakers are considering a bill from state Sen. Lou Correa (D), SB 1262, which would more tightly regulate that industry.
“The lieutenant governor feels that we need to get our arms around regulating medical marijuana before we can prove we are capable of regulating recreational marijuana,” Koskey said. She added that Newsom doesn`t have a specific opinion on Correa`s legislation but supports the collective efforts of the legislature to set medical marijuana regulations.
Earlier this year, Newsom distanced himself from his boss, California Gov. Jerry Brown (D), on this issue. Brown, who is running for re-election this year, had said that legalizing marijuana might not be a good idea because the population needs to “stay alert.” On MSNBC`s “Ronan Farrow Daily,” Newsom said he had long been frustrated with Brown`s views on marijuana legalization, citing the tremendous increase in California`s prison population.
“I remember in 1977 when Governor Brown was first in office, we went from indeterminate sentencing to determinate sentencing — we had 20,000 people in our prisons,” Newsom said to Farrow. “In 2007, we had 173,000 people in our prisons. You start looking at the war on drugs; you look at the corollaries as it relates to mandatory minimums and our aggressive efforts, particularly as it relates to people of color and poor communities, to incarcerate our way to solving this problem — it`s failed. A trillion dollars wasted. I`m just frustrated.” There is approximately one marijuana arrest every minute in the U.S., and black Americans are nearly four times more likely than whites to be arrested for marijuana possession, according to an American Civil Liberties Union study. More than four decades after President Richard Nixon first declared a “war on drugs” in 1971, the U.S. has spent $1 trillion fighting the battle.
California voters appear to agree with Newsom on marijuana legalization. A recent poll found that for the first time, a majority of Californians support legalizing recreational use.
Newsom chairs an ACLU panel investigating the impact that full marijuana legalization may have on the state. Its first report is expected later this year, Koskey said.
Recent Developments NextGen Cannabis Consulting, A Next Generation Management Corp. Subsidiary, Announces Expansion Plan In Oregon FAIRFAX, Va., Sept. 8, 2014 /PRNewswire/ — Next Generation Management Corp.. (NGMC) announced today its wholly owned subsidiary, NextGen Cannabis Consulting LLC, has entered into an agreement with the Shevin and Clark Consulting Firm to expand operations into the State of Oregon. NGCC will initially apply for 3 dispensary licenses while identifying key retail locations.
NextGen Cannabis Consulting LLC recently opened and is operating its first of several medical marijuana dispensaries in Los Angeles for its initial client, H2H.
“We are now ready to begin executing on our plan to expand operations in all states that have legalized medical marijuana. We are very enthusiastic about the opportunities in Oregon, which will be our next focus,” said Darryl Reed, CEO of Next Generation Management Corporation.
“Shevin and Clark provide comprehensive business strategies and legal counsel in the marijuana industry. They bring extensive of knowledge in the Oregon medical marijuana marketplace and will help our Company considerably reduce its time to market,” Mr. Reed stressed.
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