Marijuana has finally been made legal and will continue to be made legal over the next couple of years throughout the country. However, there is still a need for marijuana to be sold through the black market. Why? Because of taxes.Regulators have made it near impossible for legal markets get out of restriction. Because of this, while cannabis is allowed in certain areas, drug lords and street dealers have been doing exceptionally well.
A main concern is the banking limits put upon cannabis markets. Dealings have been approved by the government, but still are a threat to the industry because no definitive law has been amended to the books. Lawmakers in Washington D.C. recently added a 37 percent excise tax and restricted the number of retail locations. This put the legal market in a state of non competitiveness with the underground trade. Lawmakers are going to have to levy taxes and release oppressing rules if they seek to stop illegal drug trading.
Find out which companies are good marijuana stocks to buy, here.
Oil Declines Pending U.S Rig Count; Concerns Over High Global Supply
Oil prices declined on Friday, with U.S. crude down 3%, as investors and traders waited anxiously to see if the U.S. oil rig count will fall even more while OPEC members indicated they would do little to cut output. Declining share prices on Wall Street, which have given guidance to oil recently, also pressured crude futures, addition with reduced political turmoil in the Middle East from United States-Russia discussions on Syria. The dollar bounced to contain oil and additional commodities, following Thursday’s decision by the Fed to keep U.S interest rates unchanged pushed the currency to a 21 day low earlier.
This directed attention largely on oil services firm Baker Hughe’s weekly United States oil rigs report set at 1:00p.m EDT. U.S oil drillers have slashed rigs over the last two weeks, a signal that renewed price drops since July possibly be slowing some from returning to the well pad in large way. “With U.S. output shifts still very much under the microscope, today’s oil rig counts could be a key determinant as to how the complex finishes this week,” said Jim Ritterbusch, analyst at Ritterbusch & Associates. “We expect another decline but one downsized from recent double digit decreases,” he stated. U.S crude futures CLcl fell $1.20, or 2.6%, at $45.70 per barrel.
Next, OPEC member Kuwait stated it would take time for the oil markets to correct itself, representing the group would still defend market share regardless of production cuts to boost prices. Additional OPEC sources stated they project oil will increase a maximum $5 a barrel annually to reach $80 by the year 2020. Iran’s deputy oil minister repeated Iran’s plans to get back its oil production share once nuclear-related sanctions are gone against Tehran, enhancing that new oil contracts would be released in coming weeks. Russia was the only main producer to state on Friday it was probably going to cut production at below $40 a barrel.
Marijuana Stocks Are The Highlight Of MarijuanaStocks.com Late Night Analysis
Within the capital markets public companies keep sprouting from, it seems, out of nowhere to try and carve out their own green footprint. Cannabis stocks, as volatile as they may be, continue to captivate investors looking to grab their own piece of a brand new industry, the same way their parents did ten plus years ago with “DotCom.” Dot Bong seems to be the millennials’ turn at finding the next Ebay or Amazon. Think about it, if you could have invested in alcohol just as prohibition was ending, would you (assuming that there was an opportunity to purchase shares of a publicly traded alcohol company)? I will be presumptuous and say “yes”f or you; and that’s exactly what’s happening. Marijuana is the newest “sin” sector in the public markets, joining the likes of big tobacco, Alcohol, and Gaming industry. When the discussion about marijuana stocks comes about, where do you stand? Do you find yourself in the same mindset of at least 7 high net worth investment funds taking the leap into buying cannabis stocks or are you still watching from the sidelines?
Progressive Care (OTCMKTS: RXMD) Returns As Much As 3,900% For Premium Members Could We See Another Run?!
On Jan 27th Progressive Care (OTCMKTS: RXMD) released a PR announcing their alliance with health Care of South Florida with the intentions to launch Medication Monitoring and Health Safety Programs. The demand for health care is rising. Everyday estimates show that 11,000 people turn 65 years old and almost 70% of negative health events occurring after a hospital discharge are related to medication management.
Our call to premium members saw this stock hit highs of $0.08 from $0.002-$0.003 in a matter of weeks! Watching for Another Rally to Spark and RXMD may be something to watch today! Click Here to Subscribe to Penny Stock Hub NOW and don’t miss our next monster.
Jan 27th the stock opened at $0.04 and by Jan 30th RXMD saw a high of $0.08 that’s a 100% increase in 3 days. Since then the stock has gradually declined to its current price of $0.021. The last time RXMD saw these price levels it jumped to it’s high of $0.08. This is a penny stock that has a lot of eyes on it for 2015. A short term plays with the potential to make a quick profit. Furthermore, we continue to watch this for yet another massive run.
About Progressive Care Inc:
Progressive Care Inc. (OTCMKTS: RXMD) (“Progressive” or the “Company”), a South Florida provider of prescription pharmaceuticals specializing in health practice risk management, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment (“DME”) and the supply of prescription medications to long term care facilities, announces new medication monitoring and health safety program with Health Care of South Florida.
Small Caps Under The Microscope
Small cap stocks are the leading catalyst for the novice investor. Commonly known to investors as “Penny Stocks”; Penny stocks are traded on over-the-counter markets (OTC) through the use of electronic quotation systems called “pink sheets.” Penny stocks are higher risk inexpensive stocks that trade for less than $5. Some investors feel that penny stocks have the biggest opportunity for gains.
Now what attracts investors/perspective investors is the cost of the stock, the ability to “buy low, sell high”. Timing is very crucial when choosing the right small cap stock, ideally to capitalize on the most profitable gains, an investor would want to buy at the lowest price possible. Penny stocks are high risk/High reward when compared to “blue chip” stocks, which are more stable, but if one trades the right way the potential to make some fat profit is there.
Progressive Green Solutions (OTCMKTS: PGSC) is known as a penny stock that is in the discussion of many small cap investors. This small cap stock has seen prices runs from lows of $0.36 to highs of $1.44. Currently the price and stock support levels, today’s prices may offer an opportunity for small cap investors to take capitalize a situation where a stock may be considered “under the radar”. For more information on PGSC the link below provides an in-depth small cap stock analysis on the company: http://bit.ly/PGSC_Report