Posted On: 01/24/2014 5:22:49 PM
Post# of 36729
Big money has picked up the scent.
Today the major markets tanked in red ink. Weekly decline the worst since September 2011. Since Jan 14, DJIA -4.3% (-2% today). S&P 500 -2.1% today; Nasdaq -2.14% today. Not good forecasts for major makets going forward.
Meanwhile the MMJ market is soaring on huge money flows in the millions.
It's likely some of the big money from the major market selloff is finding a path to MMJ, the next dotcom. As with dotcom, Wall Street money settles on the big opportunities once the coast is clear.
To conclude, what happened today with SKTO is only the beginning.
"Arcview predicts the value of the legal U.S. marijuana market will soar 64 percent this year to $2.34 billion, CNBC reported."
"With one study predicting a $10 billion a year industry by 2018, hopes are that the legalization of private cannabis use could eventually divert the fortunes reaped by illicit growers and traffickers to shareholders."
Today the major markets tanked in red ink. Weekly decline the worst since September 2011. Since Jan 14, DJIA -4.3% (-2% today). S&P 500 -2.1% today; Nasdaq -2.14% today. Not good forecasts for major makets going forward.
Meanwhile the MMJ market is soaring on huge money flows in the millions.
It's likely some of the big money from the major market selloff is finding a path to MMJ, the next dotcom. As with dotcom, Wall Street money settles on the big opportunities once the coast is clear.
To conclude, what happened today with SKTO is only the beginning.
"Arcview predicts the value of the legal U.S. marijuana market will soar 64 percent this year to $2.34 billion, CNBC reported."
"With one study predicting a $10 billion a year industry by 2018, hopes are that the legalization of private cannabis use could eventually divert the fortunes reaped by illicit growers and traffickers to shareholders."
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