Marijuana Holdings Company Pursues Licensing for Medical and Recreational Marijuana Opportunities in Target U.S. Markets
CORAL SPRINGS, Florida, January 9, 2014 /PRNewswire/ --
Marijuana Stocks are rapidly catching the attention of Wall Street as the restrictions loosen for the Cannabis industry Nationwide. Market news updates specific for marijuana sector: Alternative Fuels Americas, Inc. (OTCQB: AFAI), Growlife, Inc. (OTC: PHOT), Cannabis Sciences (OTC: CBIS), Visa Inc. (NYSE: V) and Mastercard Inc. (NSYE: MA)
Alternative Fuels Americas, Inc. (OTCQB: AFAI) announced today that it has formed a subsidiary, Marijuana Holdings Americas, Inc. to serve as the foundation for the company's entry into the rapidly growing medical and recently legalized recreational marijuana markets that are emerging in the United States. "We have begun the process of evaluating the application process for medical marijuana and recreational licenses, which are now available in one form or another in 20 states and Washington, D.C. with more states indicating that they will follow suit. Our plan is to leverage our agricultural and business expertise to launch new licensed facilities to grow and distribute, as well as evaluate acquisitions of existing operations and peripheral business opportunities. All our activities will be strictly in accordance with State/Local Laws and currently stated Federal Enforcement Policies and Priorities, as well as the advice and review of counsel. We believe these developments demonstrate the emergence of a new industry with tremendous potential."
To read the entire press release, please click here: http://www.fnmprofiles.com/profiles-afai.html
"The roll out of recreational marijuana sales in Colorado since January 1st has been an overwhelming success, with Washington State set to follow their lead," continued Frank. "According to Bloomberg Finance, Washington State expects to plug a budget shortfall of $900 million for 2013-2015 with anticipated tax revenue of up to $2 Billion over the next 5 years solely through taxation on legal sales of marijuana."
Growlife, Inc. (OTC: PHOT) is a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The stock closed at $.35 Wednesday, up nearly 50% on volume of 112,449,852 shares traded.
Cannabis Sciences (OTC: CBIS) is a key leader in the private sector challenge to end the restrictions on cannabis drug development and research in the U.S. CBIS takes a Leading Role in Challenging Anti-Competitive Restrictions on Cannabis Drug Development in the U.S. (story from December) The stock closed at $.13 Wednesday, up over 30% on volume of 99,862,800 shares traded.
Card Conundrum Develops in Colorado Over Marijuana Sales
Buying marijuana for recreational use now is legal in Colorado-and paying for it with plastic is getting easier. The official rules of Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA)prohibit the use of their debit and credit cards for marijuana purchases, but some Colorado merchants are allowing customers to use them anyway.
That is because the card giants, owners of the processing networks that handle electronic payments, have quietly decided not to enforce their rules, according to people familiar with their strategies. Instead, the people said, the companies are following the lead of the federal government, which has said it won't challenge state laws that decriminalize the drug. To read the entire story, please click here: http://online.wsj.com/news/articles/SB10001424052702304887104579304970273466300
In other medical news Athersys, Inc, (NASDAQ: ATHX) attains a 52-Week High this week. ATHX, a biotechnology company, focuses on the research and development in the field of regenerative medicine. The company's lead platform product, MultiStem, an allogeneic stem cell product, which was evaluated in two completed Phase I clinical trials and is under two ongoing Phase II clinical trials for treating a range of diseases and various application in the field of clinical regenerative medicine. ATHX closed up over 24% at $3.92 per share on over 7Million shares traded by the market close on Wednesday (01/08/2014).
Wall Street Profit Search (http://www.wallstreetprofitsearch.com) provides market alerts via email, internet and twitter feed for listed trading situations and publishes select OTC "Special Situation Spotlights" which we deliver via mail to our core subscribers and bulk mail to targeted investor markets. To access Wall Street Profit Search's "Investment Spotlight On Medical Marijuana Holdings, a subsidiary of Alternative Fuels Americas, Inc. (AFAI) as well as current news, volume information and other trading data on AFAI go to http://www.wallstreetprofitsearch.com/market-commentary/
Wall Street Profit Search believes marijuana stocks are flying, but large play could be in small OTC companies that are pursuing licensing in targeted markets. Recreational pot sales in the Colorado surpassed $5Million in the first week of legalized operations and Washington state is believed to follow suit later this year.
Watch for the unveiling of the "Wall Street Profit Search Market Weighted Marijuana Stock Index over the next few weeks, with specific industry guidance for investors.
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