Monday, May 10, 2010
More Marijuana Stocks
California has a strong grass roots effort (no pun intended) to get marijuana decriminalized and legalized. Last year, we featured an article on marijuana companies that are involved in developing therapeutic treatments utilizing marijuana and cannabis extracts. Here are a few more stocks that should be included on the list. These are very low cap stocks that should be considered very speculative.
International Merchant Advisors, Inc. (IMAI.PK) develops and operates Wellness Centers and Medical Marijuana clinics for individuals suffering from chronic pain. The company has recently generated negative earnings.
Medical Marijuana, Inc. (MJNA.PK) is a provider of solutions to medical marijuana industry operators, including tracking systems that track the marijuana from grow cycle to final distribution, and auditing and reporting tools. The company has even set up a multilevel marketing division, The Hemp Network. It even plans to have its stock certificates made out of hemp.
Cannabis Science, Inc. (CBIS.OB) develops and produces phytocannabinoid based pharmaceutical products used to treat various disorders.
Cannabis Medical Solutions, Inc. (CMSI.OB) provides merchant payment solutions and financial security products for medical marijuana dispensaries throughout 14 states. The company recently generated negative earnings.
Author does not own any of the above.
Photo courtesy of Wikipedia.