‘End of Prohibition’: Investors Hope to Cash in on Exploding Marijuana Market

With the passage of Proposition 64, investors are hoping to cash in and take advantage of California’s growing marijuana industry.

Hundreds of investors looking to cash in on the state’s growing marijuana industry traveled to West Hollywood on Monday to tour MedMen, a West Hollywood dispensary. 

The dispensary refers to itself as the “Whole Foods of Cannabis” and its goal is to normalize marijuana now that the industry no longer needs to hide. 

“We want people to feel like they can explore and really take their time looking at all our products,” said Jocelyn Pettway, director of facility design. “It’s really just like any other store.”

CLICK ON THE LINK BELOW FOR THE VIDEO

Source: http://www.nbclosangeles.com/news/local/End-of-Prohibition-Investors-Hope-to-Cash-in-on-Exploding-Marijuana-Market–410874445.html#ixzz4W6A8nx9L
Follow us: @NBCLA on Twitter | NBCLA on Facebook

US ENERGY INITIATIVE (NASDAQ:USEI)

 
NASDAQ_USEI
Open High Low USEI Price Change
0.00065 0.00120 0.00060 0.00090 +0.00030
Streaming Chart SmartScan Download Data

 

MarketClub’s Trade Triangles for US ENERGY INITIATIVE

long term up The long term trend has been UP since Oct 10th, 2016 at 0.0004

intermediate term up The intermediate term trend has been UP since Dec 13th, 2016 at 0.0005

short term up The short term trend has been UP since Jan 13th, 2017 at 0.0005

Smart Scan Analysis for US ENERGY INITIATIVE

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

Based on a pre-defined weighted trend formula for chart analysis, USEI scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80

Smart Scan Analysis for US ENERGY INITIATIVE

STRONG DOWNTREND SIDEWAYS STRONG UPTREND

Branding Bud: Marijuana companies want California to issue trademarks for pot

BY LAUREL ROSENHALL

01.11.2017

The sandwich baggie brimming with buds is gradually becoming a thing of the past in California. In its place, an era of name-brand marijuana is emerging. real-mccoy-pen

Celebrities—including actress Whoopi Goldberg, rapper Snoop Dogg, rocker Melissa Etheridge and the family of reggae legend Bob Marley—are branding their own herb. Law firms have sprouted to help marijuana sellers brand their goods. Pretty packages of cannabis-infused products bear labels like “Highland Pantry” (almond butter), “Madame Munchie” (cookies) and “Sweet ReLeaf” (skin cream).

Branded pot products gained footing in recent years as California sanctioned medical use of marijuana, and other states began permitting recreational use. Now that California voters have approved a ballot measure allowing all adults to use the drug, cannabis businesses want more authority to brand their products.

But officially trademarking marijuana is a tricky legal task. The federal government still considers it an illegal drug, and won’t grant patents or trademarks for pot or anything made from it. Cannabis brands fear they are at risk of being copied. So marijuana businesses in California—eyeing what could become a $6.4 billion industry—have turned to the state government for help.

“Not being able to trademark your brand is a huge setback if you’re trying to get capital investment,” said Nate Bradley, who lobbies for marijuana sellers as the executive director of California Cannabis Industry Association. “If you’re not able to protect what you’re asking people to invest in, you’re not likely to get investments.”

A bill recently introduced in the Legislature would create a state-level trademark for California cannabis products, providing marijuana businesses new legal protections and greater access to cash from investors as the state ushers in a sanctioned commercial marketplace.

The California Secretary of State already has the power to register state-level trademarks, but only for items recognized by federal trademark law. Assembly Bill 64 would change that by allowing the Secretary of State to register trademarks for cannabis goods and services.

“Cannabis businesses are like other businesses, lawful and regulated. They should be able to protect their intellectual property,” said bill author Assemblyman Rob Bonta, a Democrat from Alameda.

THE REMAINDER OF THE ARTICLE CAN BE FOUND AT: https://calmatters.org/articles/branding-bud-marijuana-companies-want-california-to-issue-trademarks-for-pot/

Marijuana News Roundup: California’s Cannabis Crop Worth $23 Billion

The value of California’s marijuana crop in 2015 has been estimated at $23.3 billion. That’s more than the combined value of the state’s next five largest crops. And that’s before recreational use was approved by voters in November and 2 years before recreational use is expected to be implemented.

Because growing pot for anything but medicinal use is illegal in California, the estimate of the crop’s value was based on the number of plants seized from federal lands. According to the Orange County Register, federal agents seized 2.64 million marijuana plants from national forests in California in 2015.

A United Nations report estimated that global law enforcement agencies seized 10% to 20% of produced drugs in 2015. Using that as a base, California would have had a total of 13.2 million plants. If each plant produced a (conservative) one pound of cannabis and it sold for $1,765 per pound, the total value would have been $23.3 billion.

THE REMAINDER OF THE ARTICLE CAN BE FOUND AT: http://finance.yahoo.com/news/marijuana-news-roundup-california-cannabis-130038582.html

DRUGS: Marijuana Monster Money: California Makes More from Cannabis Than the Next 5 Largest Crops Combined

$24 billion is no joke.

 California’s agricultural bounty is fabled, from the endless olive and almond groves of the Central Valley to the world-class grapes of the Napa Valley to the winter vegetables of the Imperial Valley to the garlic fields of Gilroy, and beyond. But the biggest item in California’s agricultural cornucopia is cannabis.

According to report last week from the Orange County Register, California’s marijuana crop is not only the most valuable agricultural product in the nation’s number one agricultural producer state, it totally blows away the competition. 

Using cash farm receipt data from the state Department of Food and Agriculture for ag crops and its own estimate of in-state pot production (see discussion below), the Register pegs the value of California’s marijuana crop at more than the top five leading agricultural commodities combined.

Here’s how it breaks down, in billions of dollars: 

  1. Marijuana—$23.3
  2. Milk—$6.28
  3. Almonds—$5.33
  4. Grapes—$4.95
  5. Cattle, calves—$3.39
  6. Lettuce—$2.25

That estimate of $23.3 billion for the pot crop is humongous, and it’s nearly three times what the industry investors the Arcview Group estimated the size of the state’s legal market would be in the near post-legalization era. So, how did the Register come up with it, and what could explain it? 

The newspaper extrapolated from seizures of pot plants, which have averaged more than two million a year in the state for the past five years, and, citing the UN Office on Drugs and Crime, used the common heuristic that seizures account for only 10 percent to 20 percent of drugs produced. That led it to an estimate of 13.2 million plants grown in the state in 2015 (with 2.6 million destroyed), based on the high-end 20 percent figure.

THE REMAINDER OF THE ARTICLE CAN BE FOUND AT: http://www.alternet.org/drugs/california-six-largest-cash-crops-marijuana-monster 

Marijuana industry is bracing for a renewed push toward legalization in 2017

2017 will be the year legalization supporters, backed by expanded research, push for federal acceptance and big business and big sports get on board, experts say

Getty Images

By

TREYWILLIAMS…REPORTER

It was a watershed year for weed. The industry took significant steps in solidifying the market, demonstrating its earnings potential, while advocates fought to debunk the stigmas tied to consumption and argue that states can use it help plug budget holes. In Colorado, where marijuana is legal for recreational use, total revenue from marijuana taxes, licenses and fees came to $72.8 million, as of October 2016.

But for all that was accomplished, there were setbacks. Donald Trump won the 2016 presidential election and though he has said he’s in favor of medical marijuana and states’ rights, he is nominating Republican Sen. Jeff Sessions as the next U.S. Attorney General. Sessions is famously anti-weed and has said marijuana is “a very real danger.”

THE REMAINDER OF THE ARTICLE CAN BE FOUND AT: http://www.marketwatch.com/story/the-marijuana-industry-is-rolling-into-2017-expecting-significant-growth-2016-12-30

 

What Does 2017 Hold for California’s Marijuana Economy?

 
Cannabis bud

Angelenos, we know how excited you are about legal weed in California post-Proposition 64. But while you’re still lighting those victory joints, remember that we have more than a year to go until the state’s adult use and medical marijuana regulations are in full swing. In many ways, California’s cannabis economy in 2017 will look a lot like how it’s always looked — while on the other hand, various sectors of the industry will start to plant seeds (yes, figuratively and literally) in preparation for full implementation of AUMA (Adult Use of Marijuana Act) and MCRSA (Medical Cannabis Regulation and Safety Act).

 

“Let’s just understand that 2017 is sort of a transitional year between an unregulated system and moving toward licensure on the state level, which will happen in 2018 at some time,” says Aaron Herzberg, partner and general counsel at CalCann Holdings, LLC, a holding company focused on municipally licensed marijuana real estate opportunities in California. In the meantime, he says, California will begin to see a greater influx of large-scale players, like traditional investors and funds that had been in other industries, now entering the cannabis market.

In the state’s move toward regulation, with licenses soon-to-be necessary for everything from cultivation to manufacture to sale, says Herzberg, competition will get tougher for those who try to remain in the grey market. “At some point in the future, the illegal unlicensed black market dispensaries are going to be put out of business and the black market growers will be put out of businesses, unless they ship their marijuana illegally to other states.”   the remainder of the article can be found at: http://www.laweekly.com/news/what-does-2017-hold-for-californias-marijuana-economy-7735740

Is marijuana legalization in California the beginning of the end of the war on weed?

By: Robin Abcarian
 
December 21, 2016

The door to legalized marijuana in California cracked ajar in 1996, when voters approved the Compassionate Use Act, which allowed doctors to recommend cannabis to their patients.In November, the door flew open as voters approved Proposition 64 by a wide margin, a measure that legalizes marijuana for adult recreational use and could herald the beginning of the end of the federal government’s misbegotten war on weed.

 
Really though, for nearly two decades, pot has more or less been available to anyone 18 or older willing to pay for a medical recommendation, which you could get without ever leaving your bedroom. It’s as easy as signing onto a website, paying a few bucks, and Skyping with a physician. Dispensaries sprouted like weeds, bedeviling cities like Los Angeles, which has struggled to develop regulations.

 

USEI Announces December 19, 2016 as the record date for the 20% Stock Dividend

SANTA CLARITA, CA–(Marketwired – December 19, 2016) – USEI CANNABIS Initiatives CORP, a wholly owned subsidiary of US ENERGY INITIATIVES CORPORATION, INC. (OTC PINK: USEI) is pleased to announce today is the record date for the Company’s 20% restricted common stock dividend for shareholders of record. Management filed the Corporation Action with FINRA to issue a restricted stock dividend. The dividend will be added to the shareholders’ existing shares on the pay date… which is January 4, 2017. We will also work with our attorney to get opinions written on prior issued dividends… as requested by email @ tccesq@aol.com.

 

According to Anthony Miller, CEO, “This is the third time that we have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phases; to now where we see some growth potential and significant optimism. Many of our shareholders have held this stock for many years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. We are very optimistic about 2017. We have obtained a licence to grow cannabis in California and have strategic alliances with a number of growers and anticipate capitalizing on California newly approved recreational cannabis laws. We are positioning ourselves to raise some significant capital to capitalize on a significant technology development that is in the cannabis space (super critical C02 extraction technology). Our goal was not to procure highly dilutive capital since USEI’s share value was already depressed. To date, we have a commitment for capital and have hopes that we will be able to secure the capital required in the coming months.

 

With the advent of California approving recreational marijuana which is projected to be a 25 billion dollar industry, management believes that our experiences over the last 3+ years and connections within the industry, as well as, technology positions USEI to benefit from this new law. One of the most significant advantage for us is that the company and management are all California residents… and that was our limitations as we sought to get business done in Colorado and Washington.

 

This week we will begin to restore USEI to a current status with all of the reporting agencies, as well as, OTC Markets and add all of the required financial filings. The goal is to put the firm into the position to benefit from incredible options and strategic partnerships that will grow this company. Management recognizes that the last couple years have been less than perfect… but we are still working hard every day, to increase shareholder value in this firm and build an incredible firm that focuses on energy and cannabis. We appreciate shareholders patience and hope that this new vision will be the best path possible…and that 2017 and beyond will be our better years… commented Miller”

FINRA APPROVES USEI’S 20% STOCK DIVIDEND WITH A RECORD DATE OF 12-19-2016 FOR ALL STOCKHOLDERS OF RECORD

USEI CANNABIS initiatives CORP, a wholly owned subsidiary of US ENERGY INITIATIVES CORPORATION, INC. (OTC PINK: USEI) is pleased to announce today that the Directors of USEI have approved a 20% restricted common stock dividend for shareholders of record on the company’s record dated (estimated to be December 19th 2016). Management will be filing a Corporation Action with FINRA to issue a restricted stock dividend. The dividend will be added to the shareholders’ existing shares on the pay date. Details of the transaction will become available to the shareholders once FINRA has approved the Corporate Action.

According to Anthony Miller, CEO, “For the third time we have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our new transitional phases; to now where we see some growth and significant optimism. Many of our shareholders have held this stock for many years, and they along with newer shareholders, will now become beneficiaries of our anticipated growth. This venture has been quite challenging over the last couple years. We have sought to raise some significant capital to capitalize on a significant technology development that is in the cannabis space (super critical C02 extraction technology). Our goal was not to procure highly dilutive capital since USEI’s share value was already depressed. To date we have a commitment for capital however, we have yet to receive it… but, have hopes that we will be able to secure the capital required.

With the advent of California approving recreational marijuana which is projected to be a 25 billion dollar industry, management believes that our experiences over the last 3 years and connections within the industry, as well as, technology positions USEI to benefit from this new law. One of the most significant advantages for us is that the company and management are all California residents… and that was our limitations as we sought to get business done in Colorado and Washington.

In the coming weeks we will begin to restore USEI to a current status with all of the reporting agencies as well as OTC Markets and add all of the required financial filings. The goal is to put the firm into the position to benefit from incredible options and strategic partnerships that will grow this company. Management recognizes that the last couple years have been less than perfect… but we are still working hard every day, to increase share value in this firm and build an incredible firm that focuses on energy and cannabis. We appreciate shareholders’ patience and hope that this new vision will be the best path possible…and that 2017 and beyond will be our better years,” commented Miller.