Marijuana Company Of America Inc (OTCMKTS:MCOA) is a cannabis stock that we’ve talked about in the past and in addition to some recent news developments, it has been coming up off of a bottom in recent sessions.
Changes in the political landscape may be partly to blame for the company’s bearish downturn late this winter and early spring, but a convincing rebound after trading as low as it has for nearly six months has been in effect for a few days.
This week Marijuana Company Of America Inc (OTCMKTS:MCOA) announced the launch of its new corporate website at www.marijuanacompanyofamerica.com. The new website will provide shareholders and prospective investors with helpful information to make educated investment decisions
MCOA engaged Hill and DraKoln Media (“H&D”) to develop the new website and provide marketing and brand management support. MCOA looks forward to capitalizing on H&D’s ability to communicate clearly and concisely with investors and consumers alike. MCOA will take full advantage of H&D’s ability to reach audiences across a variety of demographics related to the [marijuana] industry and expand its reach into new territory. (Source: Marketwired)
On the new website, MCOA included a report with some of the highlights of why growth in the legal marijuana industry in places where recreation pot has been voted into law, is only set to continue its rapid expansion.
These, even despite the hurdles presented by a toughened Department of Justice stance on marijuana, are good examples of why many people feel that the marijuana legalization movement is an unstoppable force at this point. Gone are the days of denying that an overwhelming majority of the public sentiment toward cannabis is now positive.
- Polls show that 80% of Americans approve of legal access to medical cannabis and 60% approve of full adult-use legalization.
- In the US November elections, voters in eight of the nine states voting on cannabis measures approved them, ringing to 63% the portion of Americans living in medical use states and 21% those in adult-use states.
- They voted overwhelmingly in 2016 to make adult use legal in a state that represents the world’s sixth-largest economy. Nevada also voted to legalize adult use, though a similar initiative failed narrowly in Arizona. Massachusetts and Maine also passed voter-generated initiatives to legalize the adult use of cannabis, joining District of Columbia voters in showing the continent-wide breadth of the movement.
The state of marijuana reform has been called into question in 2017 in contrast to what seemed like limitless potential and rapid upward trajectory toward the end of 2016. A quick glance at the charts of most recreational weed-involved companies paints the same picture.
However, the arrow still points up, even if the political conditions surrounding cannabis are a bit muddled at the moment. Marijuana means big money, and allowing adults legal access to it has not produced the negative effects that many naysayers warned about. Many states have already proved it in the real world, and resistance to this change can only be sustained for so long in the face of the vast economic benefits.
When the dust settles, companies like MCOA are going to be the ones that reap the rewards. That’s why we’ll want to continue to follow its story. Stay locked to Street Register for updates, and we’ll deliver important developments on MCOA as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in MCOA stock, short or long.