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POT OF GOLD: Medical Marijuana Proves Itself A Viable Investment

snoop-meme

Since we recommended buying Medical Marijuana (MJNA.PK) it’s up 89%. Other pot stocks are also doing well, such as Cannabis Science (CBIS.OB) up more than 2% today. There wasn’t any news release today that would cause the stock to rise so sharply. We suspect that the company has been discovered as a profitable investment for reasons we’ve outlined before, as well as a growing interest in the budding Marijuana industry.




We couldn’t write a specific article on MJNA because it was still a micro-cap, but now its market cap is 148M. Currently it’s trading at .202 which is its current all time high. The stock has proven itself as a true small cap representative of a new growth industry.

Many traders know the mantra “Don’t buy the high” which has solid foundation. But we believe Medical Marijuana is going higher, and here’s why.




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Earnings

Unlike other companies in the pot business, Medical Marijuana has solid revenue and prospects for revenue growth. Their gross revenues increased 1,100% from the previous year quarter.

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