The Next Marijuana Stock Rally Trigger; Rohrabacher-Farr Amendment
May 11 2016 - 9:11AM
InvestorsHub NewsWire
Austin, TX – May 11, 2016 -- InvestorsHub NewsWire -- The
last year overall for marijuana stocks has not been stellar.
It’s definitely a hot market and it’s here to stay. Even
though the overall marijuana sector has been underwhelming, there
have certainly been a few worthwhile standouts. The
opportunity for reward in a legal marijuana market will continue to
drive periodic successes and maintain overall interest. The
one step back following the two steps forward in the various state
and federal legal battles will sustain an ongoing cautionary cloud
over the sector. Like the San Andreas
Fault being overdue for a quake, the marijuana sector
is overdue for its next surge of enthusiasm. The Rohrabacher-Farr Amendment
might be the trigger that sets the next rock, rattle and roll event
loose in the marijuana sector. It’s at least a harbinger of a
marijuana stock rally on the horizon.
The marijuana industry scored a
significant victory on Tuesday last week when the US
Department of Justice (DOJ) dropped a four-year-long
attempt to shut down Harborside Health
Center in Oakland, California, the largest dispensary
in the United States. Attorneys for Harborside fended off the
shutdown, by invoking the Rohrabacher-Farr Amendment which prevents the government from spending
federal dollars to shut down dispensaries compliant with state
laws.
READ MORE ABOUT
HARBORSIDE
Other dispensaries can take lessons
learned from Harborside and use the same
weapon. Such a victory is a major milestone
and certainly an event that could trigger the next Marijuana sector
run. The Harborside victory could at least
be a first major step toward a trigger, if not the trigger
itself. We’re certainly going to keep an eye on two of our
favorite marijuana/cannabis sector stocks and the moment –
USMJ and
PURA. We’ll be
keeping an eye on ALYI too in the event the marijuana payment system rumors
are true.
This Article Comes From The Wolf Wranglers Blog
Site
The Wolves of Wall
Street are hard at work cornering their prey – retail
investors. We’re not looking to beat the wolves. We’re
looking to pick-up their trail and run with the pack as our own
breed of hunter. We’re Wolf
Wranglers, recognizing the unchangeable predatory nature
of the Wolf and directing it for our own benefit. If you’re
looking to make big returns on small investments as can only be
realized on the micro-cap public market, then this is the site for
you. Sign-up to
share your own opportunity yet undiscovered by the market and to
learn from others about opportunities not yet discovered by the
market.
WW Murphry
info@wolfwrangler.com
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Apr 2023 to Apr 2024