Schuyler Trowbridge keeps track of inventory at Green Tree Medicinals, 12626 N. 107th St. in Longmont last year. (Lewis Geyer / Staff Photographer)
Marijuana sales in Colorado topped $1 billion in 2015, according to a new report from cannabis investment firm the ArcView Group.
Estimates put the figure at $1.005 billion, up nearly... more →
TOPEKA, Kan. — A Kansas Senate committee wasn’t ready Tuesday to endorse a narrow medical marijuana proposal, even though its members approved a measure for reducing criminal penalties for first- and second-time pot possession.
The Republican-dominated Corrections and Juvenile Justice Committee showed its uneasiness by splitting... more →
Under federal law, marijuana is still classified as a Schedule I Controlled Substance, along with heroin, pursuant to the Controlled Substances Act (CSA) (21 U.S.C. 811). Nevertheless, the 2016 omnibus spending bill, approved by Congress on Dec. 16, 2015, forbids federal drug agents from raiding retail medical marijuana operations.
Legalization... more →
5: Investors will embrace Portola Pharmaceuticals
Last year, I focused on the upside potential for Alkermes, Inc . , a company developing therapies for central nervous system disorders that I felt was undervalued based on its pipeline potential. This year, I think it’s Portola Pharmaceuticals that investors are under-estimating.
Admittedly,... more →
Nonetheless, it does place yet another obstacle in marijuana’s possible path to nationwide legalization. Owning marijuana stocks could make you even grumpier If marijuana is eventually legalized at the federal level, its market potential could be huge.
ArcView Group placed a market value of $2.7 billion on the marijuana industry... more →
The company intends to list on the Nasdaq Capital Market under the symbol PLXP. The underwriters for the offering are Raymond James, Maxim Group and Janney Montgomery Scott. This late-stage specialty pharmaceutical company initially is focused on developing its clinically validated and patent-protected PLxGuard delivery system to... more →
No pricing details were given in the filing but the offering is valued up to $115 million. The company intends to list on the Nasdaq Global Market TRHC. The underwriters for this offering are Wells Fargo, UBS Investment Bank, Piper Jaffray, Baird and Stifel.
This company is a leader in providing... more →
In the last earnings report, the company gave guidance for the 2016 fiscal year in which it expects comparable sales to be up in the low-single to mid-single digit range and for EPS to be $1.67. There are consensus estimates of $1.74 in EPS on $1.90 billion in revenue. Prior to the release of the earnings... more →
The eight stocks I was recommending this time last year and still hold included Facebook FB, +0.30% Google GOOG, -0.10% Apple AAPL, -0.35% The best performer over the last year or so has been Ambarella AMBA, +0.69% which is up nearly 150%, and my worst performer was Lindsay LNN, -0.43% which was down 3%. I did sell a few positions... more →
PeerLogix, Inc. ( LOGX ) CEO William Gorfein explained the term, “Content Sharing Community” and how PeerLogix was creating revenues from it. Sack Lunch Productions, Inc. ( SAKL ) CEO Richard Surber announced an acquisition completion, retirement of debt and sales of 2016 event tickets.
Neah... more →