Here is the list of the first 24 marijuana shop licenses in Washington:

http://www.thecannabist.co/2014/07/0...ing-day/15546/

Pretty sad...WA state goes live with cannabis sales and the sector doesn't budge. Down roughly ~40% from my initial investment. Getting out when my ****ty stocks reach a modest PPS (cutting loses to 30%) .

Sham~MCIG is looking more and more like a piece of dog **** disguised as an E CIG. Where the hell are my Vitacig shares???

Feel bad for those who lost big sums $$ in this sector #lostallhope

Yeah it's pretty crazy how those few weeks were. I got out at the perfect time......started a job now so I can't watch any of it...I did buy/subscribe to claytrader.com and was going to attempt to play more pennies, but got this gig before i really got it going.

Something like that is factored in way before it actually happens

shares should be anytime. financials are due out the 29th as well.

I learned my lesson with these penny stocks, have fun guys.

Can't believe how everything tanked. Anyone know what's going on, or are these basically just worthless gambles?

Are there any companies poised for the long-term in this industry? Which ones do you still like, and why?

Exactly what they are

Yeah shocking that these penny stocks tanked. I mean these are "penny" stocks.....how much lower can they go?

Plenty of non-penny stocks.

Feel really bad for the people who were long on VAPE .. went from like 35 to 1. jeesh

Everyone disappeared as did most of their money. Would be interesting to hear new opinions on some of these. Personally I would only put "real" money into GWPH but would like to hear new opinions on MCIG and LATF as if there is any real substance to their stock it could be an entry point. I had sold both about 6 months ago but have kept up with them as best I can.

Any bright side to either? I know both are a big risk but perhaps could end up with a nice reward with big upside. I wouldn't put a big % of my investment in either but am looking.

I currently just own GWPH in the MMJ Sector.

Latteno looks terrible. I can't even find a website for them anymore.

MCIG seems to keep trying to branch into different stuff, but there is no way of knowing if it's all just hype. They are supposedly doing some things that sound pretty good. I still own some shares, but I would not buy any.

Edit: Found Latteno's site. Who knows. All these companies just seem to make up a bunch of crap about what they are doing. Little to none of it seems legit at this point.

I would think there would be a market for hard money lending to pot startups since banks generally won't. Anyone know any companies doing this?

I bought LATF so now I just own LATF and GWPH and still following a few others. New CEO at LATF said in press release they will not reverse split and is looking for value for shareholders. While this may not occur the company makes money (which is rare enough for a penny stock) and is trading for what it did last year when it ran up over 1000%. Pretty good risk/reward.

Still evaluating MCIG. As a note to anyone reading these make up a small amount of my overall holdings. I own mostly big names with not as much risk but have done very well in years past picking up some small stocks. Would be good to get some talk going again here before the hype. Once the hype comes it is generally too late and all late money normally does not do well.

Decided not to buy MCIG. LATF did release financials and while I still think there is great risk the company is looking to provide value and it is one of the few penny stocks I have ever seen with substantial profit and revenues. Downside is they have a lot of shares outstanding which is why it is trading at .0008 so a million shares will cost about $800. First time I ever owned a million shares of anything.

I plan to pick up 20 million shares on Friday but not sure the best way to do it. I do know in 6 months it is likely to be around this price or slightly less or could go up 5-10x quite easily. The question being I can not buy all the shares at once without driving the price up on my later buys. Do I try to get all at once which seems unlikely?

I also like GWPH a lot in the same sector, but the new CEO at LATF seems to be focusing more on shareholder issues. If the company can absorb some of the shares that would be good also. Was already announced there would not be a reverse split which I thought was a very good sign since those are generally the kiss of death.

You already know this but I'd watch the average volume. It's in the 1.5M range and you might have a hard time selling a lot.

Average volume is much higher. News out as well

Looks like that shop from CNN High Profits show Breckenridge Cannabis Shop went out of business after being forced to move off Main street. Rough business in reality.

Pretty rough sector. All hope no hype. Need the hype too. GWPH might be a play but that's likely it.