What is your outlook on stocks for the US marijuana industry?

Have you paid attention to the states that have legalized?

Also, congress?

As long as MJ legality goes state by state you will not see any stocks.

A MJ IPO would require the federal government end it's prohibition nationally ( instead of the current non-interference). As of now their is basically no will for this kind of action on the federal level, and until that changes its not worth discussing.

MJ will be private equity for the forseeable future

>>1066023

>As long as MJ legality goes state by state you will not see any stocks.

Some stocks already exist, though.

CANN comes to mind.

>>1065848

Banks and the markets will never do business with MJ companies until it is removed as a scheduled 1 drug. Someone like JP Morgan is not going to risk 100+ Billion in assets to do a few million a year in business with an industry that could well be killed off by an act of Congress next week.

You cant IPO an illegal business. The SEC would probably giggle like little girls if you even tried, right as you are being escorted out of the building

>>1066047

Because it is an OTC traded security. All marijuana stocks are traded OTC, not a single one is listed on a major exchange.

Beyond that the SEC has halted trading of MJ stocks multiple times due to securities fraud and false representation.

Basically MJ securities are in the rhelm of the penny stock pump and dumps and shady deals made in bars.

Notice all the MJ stocks say they are in oil/gas industrial sector? Just their description violates SEC rules

>>1066072

>All marijuana stocks are traded OTC, not a single one is listed on a major exchange.

It all makes sense now.

>>1066047
General Cannabis Corporation, formerly Advanced Cannabis Solutions, Inc., is a provider of products and services to the cannabis industry. The Company provides real estate leasing services by purchasing real estate assets and leasing growing space and related facilities to licensed cannabis cultivators and dispensary owners for their operations. It intends to provide ancillary services to the industry, including wholesale sales of grow mediums and plant nutrient lines, financing solutions, including real estate finance, shared workspace, networking and event services, and consulting services. The Company operates through the three segments: Finance and Real Estate, which provides industry finance and leasing services, shared space, as well as networking and event services; Wholesale Supply, which provides customers with nutrients and other supplies for growing and customizable specialty products, and Security, which provides protection and security services in the cannabis industry.

They don't actually deal with cannabis.

>>1066114
Looks like a dog of a stock too.

>>1066114
trtc does, they own their entire supply chain.