NEW YORK, November 15, 2016 /PRNewswire/ --
TradersNewsSource.com -Cannabis-related stocks went on a tear during the month of October, with speculators betting up the price in advance of expected passage of state recreational legalization efforts. Traders News Source looked at the election results and examined whether five companies- General Cannabis Corp. (OTCQB: CANN); America Cannabis Company Inc. (OTCQB: AMMJ); Cannabis Sativa Inc. (OTCQB: CBDS); CannaGrow Holdings Inc. (OTCBB: CGRW) and CannaGrow Holdings Inc. (OTCQB: CGRW); could be poised for future growth and how the next administration may play a role.
Read About the Possibilities for this portfolio of six MMJ Stocks Under Trump - Full Report
While three of the four state recreational legalization ballot initiatives passed, American voters elected Republican Donald Trump for president, putting the continued federal hands-off approach to legalization in question.
Trump has publicly proclaimed that recreational and medical marijuana usage should be addressed at the state level, he has not put forth an official position regarding Federal oversight and enforcement in pot-legal states. If Trump maintains the status quo, then the legal marijuana market is expected to top $20 billion per year by 2020, a significant gain from the estimated $5.6 billion in 2015, and significant profits for many cannabis companies.
DISCLAIMER - TradersNewsSource.com is the Source of all content listed above - Contact: Editor@TradersNewsSource.com - http://www.tradersnewssource.com - COMPLIANCE PROCEDURE - Content is researched, written and reviewed on a best-effort basis. Information in this release is fact checked and produced on a best efforts basis. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. The subject Companies have not compensated Traders News Source for the creation or dissemination of this report. Traders News Source is the party responsible for issuing this report/release and for hosting the full report on Traders News Source website. NOT FINANCIAL ADVICE - Traders News Source makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED - Traders News Source is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Traders News Source whatsoever for any direct, indirect or consequential loss arising from the use of this document. Traders News Source expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Traders News Source does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. Traders News Source produces reports, articles, blogs, and investment newsletters covering companies listed on NYSE and NASDAQ exchanges. Traders News Source has two distinct and independent operating segments. One produces non-compensated analyst and or expert certified content generally in the form of press releases, articles and reports. The other produces compensated content, which typically consists of compensated investment newsletters, articles and reports.
FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with TradersNewsSource.com or any company mentioned herein. The commentary, views and opinions expressed in this release by TradersNewsSource.com are solely those of TradersNewsSource.com and are not shared by and do not reflect in any manner the views or opinions of FNM. The companies that are discussed herein may or may not have approved the statements made in this release. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.