United Cannabis: Are They In The Business Of Selling Cannabis or Stock?

United Cannabis’ Earnings Raise Red Flags

The CEO, VP,  and COO of United Cannabis Corp (CNAB) have sold more stock in 2017 than the company generated in revenue during all of 2016…

In 2016, United Cannabis recorded a $3,854,004 net loss on $715,095 in revenue. Although the company highlighted the fact that revenue grew by more than 100% when compared to 2015; however, they did not mention that its cost of sales increased by 275% when compared to 2015.

So Many Strains, So Much To Learn

Every day there seems to be a new article about the medical benefits associated with marijuana. These benefits create an opportunity that cannabis cultivators are trying to capitalize on.  Once these growers find a strain that combats a certain illness, they try and patent it. From 1989 to 2013, the United States Patent and Trademark Office has granted 17,591 plant patents. Unfortunately, growers are having a difficult time getting their patents approved. The U.S.

Investors Claim That Over 100 Tribes Are Exploring Marijuana: How To Invest

In late January, the Pinoleville Pomo Nation made headlines when the tribe announced that they would take the Department of Justice (DOJ) up on its offer to grow and sell marijuana on sovereign land. When the DOJ announced this in December 2014, Technical420 recognized this event as a catalyst for industry growth. Investors are now claiming that at least 100 additional tribes are exploring the rapidly growing marijuana industry.