Showing posts with label bitcoin all time high. Show all posts
Showing posts with label bitcoin all time high. Show all posts

Thursday, February 1, 2018

The Marijuana Justice Act & Other Petitions to Legalize Cannabis In the America

When I was back in school.......some years ago. And I don't mean "some" as in a few. I'm a little ole school, and that's quite alright, I am very grateful to this journey. I have witness some remarkable changes that life has evolved into over the last very few decades. And I remember one of them being a conversation within my group or squad as they are called nowadays. I had a prediction that within my lifetime, marijuana would be legalized. 

For me, it was just simple common sense. If they allow alcohol consumption in every states, why not treat marijuana just like they would alcohol. More so, wouldn't that create an entirely profitable industry, as well as enhance another. Referring to the agriculture (farmer) industry. Tax it like tobacco, add in the medical benefits. I'm worrying what took so long?   

Even then, I had this notion that legalization could do more good than harm. Which seems now, to be the sentiments reflected in today's society. 

Wish I could have called a few more predictions like that! 

A poll conducted a few months ago, found nearly 65% of U.S. citizens now support the legalization of marijuana. This is the largest pro-cannabis surveyed in over 5 decades and doesn't seem to be slowing down. Top that with 90% of it's citizens are also in favor of medical cannabis use.

All over, states like Vermont who became the 1st state in 2018 to legalize the plant with New Hampshire following suit as it has a bill already in it's House of Representatives. With 12 states in total  with Bills for legalization. 8 more states have regulation that treat marijuana the same as alcohol. 9 states are looking into research medical programs. While 8 states are looking to decriminalize small amounts of cannabis. Another 23 states have already imposed simple fines, removed jail-time for personal possession. 

PROs - Increased revenues, Medical marijuana (both THC and CBD) while providing law enforcement and the courts with more money (through tax revenue).  Utilize time to focus on more violent crimes, black market, safety (quality).

CONs - Marijuana additive, health issues.....that include lungs, brain function, memory etc,.  Mind altering, can become gateway. All of which would need further studies due to the lack of deep accurate research.

Bills, Laws & Petitions

S.1689 - Marijuana Justice Act of 2017

Introduced by Sen. Cory Booker (D-NJ), this piece of legislation, the Marijuana Justice Act S.1689, would legalize marijuana on the federal level. Ending the prohibition on marijuana that has been around since 1937, by removing the drug from the DEA’s list of controlled substances entirely.

This bill would also allow judicial review of anybody serving a prison sentence for it's possession and even provide financial (tax) incentives for states to legalize it as well. 

H.R.4815 - Marijuana Justice Act of 2018

Is similar to the bill above, Rep. Barbara Lee as well as Sen. C. Booker introduced the two bills to both chambers of Congress.  The meat and potatoes of this bill includes...... 

(1) remove marijuana from the US Controlled Substances Act, thereby ending the federal criminalization of cannabis;
 (2) incentives states to mitigate existing and ongoing racial disparities in state-level marijuana arrests; 
(3) expunge federal convictions specific to marijuana possession; (4) allow individuals currently serving time in federal prison for marijuana-related violations to petition the court for resentencing; (5) and create a community reinvestment fund to invest in communities most impacted by the failed War on Drugs.

H.R.1227 — 115th Congress (2017-2018) -

It removes marijuana and tetrahydrocannabinols from schedule I. (A schedule I controlled substance is a drug, substance, or chemical that: has a high potential for abuse; has no currently accepted medical value; and is subject to regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act.)

Also eliminating criminal penalties for an individual who imports, exports, manufactures, distributes, or possesses with intent to distribute marijuana.

It will make it a crime to knowingly ship or transport marijuana into a state where its receipt, possession, or sale is prohibited. Violator will be subject to criminal penalties.

H.R. 3391: The Medical Marijuana Research Act of 2017 

This bill amends the federal law so that scientist can facilitate clinical studies involving the use of cannabis and cannabis-derived products

Top 10 Marijuana/Cannabis Stock

ACBFF - Aurora Cannabis Inc     -12.54%
GWPH - GW Pharma PLC           -1.76%
PRMCF - Cronos Group Inc         -11.60%
TWMJF - Canopy Growth Corp  -10.92%
CBDS - Cannabis Sativa Inc          -7.87%
THCBF - THC Biomed Intl Ltd    -13.02%
APHQF - Aphria Inc                      -11.61%
SMG - Scotts Miracle-Gro Co       +0.48%
MEDFF - MedReleaf Corp            -9.45%
CNTTF - CannTrust Holdings      -8.70%


ETFs To Watch (Cannabis related):

  • American Growth Fund Series Two Class E (AMREX)  $4.77   -0.06    1.24%
  • Cronos Group Inc.                                             (PRMCF)   $6.50   -0.85   11.60%
  • ETFMG Alternative Harvest ETF                   (MJX)        $32.91  -2.19    6.24% 
  • Horizons Medical Marijuana Life Sciences  (HMMJ)    $18.28 -1.91     9.46%
  • AdvisorShares Vice ETF                                     (ACT)       $26.62  +0.04  0.15%

 02/01/2018 Market Summary

Dow Jones       @ $26.186.71 (+37.32   0.14%)

Nasdaq                @ $7,385.86 (-25.62   0.35%)

S&P 500    @ $2,821.98 (-1.83     0.06%)

*IN the Crypto World it's all about the "HODL"*

  • BTC Bitcoin  - $8.886.72  -13.30%  (24 hr.)
  • BCH Bitcoin cash - $1,220.26  -18.35%
  • ETH Ethereum - $992.37  -11.69%  
  • XRP Ripple -  $0.903   -21.93%
  • LTC Litecoin -$137.82  -16.33%
  • NEO NEO - $118.97  -18.58%
  • ADA Cardano - $0.386  -26.31%

Cannabis Training University - Master Certification

Companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains

WeHit's 2018 PICK & TRACK  02/01/2018 
AMBA  Ambarella Inc $49.74 -0.66                1.31%             
ACBFF  Aurora Cannabis Inc $8.35 -1.20                12.54%
AVAV    AeroVironment Inc $52.45 +1.09                 2.12%
EXEL    Exelixis Inc $30.66 +0.35                1.15%
A      Agilent Techn. Inc. $72.84 -0.62                0.84%
HIMX   Himax Techn. Inc. $8.37 -0.16                1.88%           
HTC      HTC Corp$70.60 +0.10                0.14%  
RIOT    Riot Blockchain Inc $12.30 -1.45              10.55%         
SIEB     Siebert Financial Corp. $9.00 -0.17               1.85%                  
STM     STMicroelectronics $23.63 -0.26               1.09%     
ARE    Alexandria Real Estate Equit $125.22 -4.43               3.42%
SYNA    Synaptics Inc. $42.53 -0.81               1.87%                 
IBB      iShare NASDAQ Biotech ETF $113.98 -0.10              0.09% 
TWMJF  Canopy Growth corp $22.45 -2.75              10.92%           
KEYS     Keysight Technologies $47.15 +0.43              0.92%  
VFFIF    Village Farms International  $6.44 -0.44              6.41%                    
O A         Orbital ATK Inc.$132.00 +0.11              0.08%
VRTHF  Veritas Pharma  $0.48 -0.04              7.57%                     
VTC       Vertcoins $2.91                       -24.10%  
VUZI     Vuzix Corp. $8.70 -0.04              4.40%

Week's  5  BIG GAINERs & LOSERs  02/01/2018 
Qorvo Inc. $83.34 +11.57                16.12%

eBay Inc.  $46.19 +5.61                  13.82%

Skyworks solutions Inc. $103.15 +5.94                  6.11%

Eaton Corp. PLC$87.86 +3.89                  4.63%

AT&T Inc. $39.16 +1.71                  4.57%

PayPal Holdings Inc $78.40 -6.92                8.11%

Tractor Supply Co. $71.44 -4.81                 6.31%

United Parcel Service Inc $119.51 -7.84                6.13%

Hershey Co.$103.77 -6.56                 5.95%

Cadence Design Sys Inc $42.23 -2.63                 5.86%


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Copyright © 2018 Andrew Hayes All Rights Reserved
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on links.

Monday, November 20, 2017

Bitcoin ~ NEW All-Time High, BlockChain & Wall Street also Investors/Tax Bill Provisions

DISCLOSURE: This post contains sponsored ads which I will be compensated if a purchase is made after clicking on my links.

Up 7500% plus for the year

The Future of Possible

New TAX bill includes individual investor provisions:
   If the proposed tax bill is passed investors could be paying as much as $2.7 billion more in taxes over the next decade. 
It would require individual investor who decided to sell off stocks they have owned the longest. 

   It's a process called 1st in - 1st out. The scheme is that the oldest shares generally has the biggest yields, thereby higher capital gains tax.
-   -   -
Wall Street eyeballs CVS as it continues it's interest in Aetna. 

Blockchain adds to it intergration into wall street. 
   This disruptive technology "Blockchain" or distributed ledger - in it's simplicity is a decentralized "digital ledger" database. Meaning third parties entities such as a middle-person could be eliminated.

   Here on Wall Street a consumer and suppliers or investor & asset managers are in direct contact with each other in what are known as "Smart Contracts"

   Cryptography or hashing keeps the exchange secure. The transactions or "BLOCK(s)" are on a chain of computer seen by everyone on the network who have verified & record it's approval.

   Depending on it's applications, technically there are several forms of this  "Blockchain" and distributed ledger.

   This is also the same technology behind the popular Bitcoin phenomenon.

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Copyright © 2017 Andrew Hayes WeHit All Rights Reserved
DISCLOSURE: This post contains sponsored ads which I will be compensated if a purchase is made after clicking on my links.

Thursday, November 2, 2017

Fantastic Frenzy Fills the Financial World - A Day in the Financial Sector

Digital financial wave graph pointing upward
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.

   When we woke up this morning, and your alerts are going crazy.......

   Bitcoin tops $7289. Held it's ground for a bit then dip back below $7K. And like a stubborn mule it regained it's ground to settle above $7K. 

 Bitcoin Revolution
   Say what you want, I know there are skeptics who under estimate this technology & it's eventual value behind Bitcoin and other cryptocurrencies. Yet, it seems even Amazon has taken to the bug. They have recently acquired 3 domain names to utilize what maybe the set-up for future crypto payment acceptance.

Digital cryptocurrency cards future payment process
   With Amazon downplaying the purchases to a mear trade name protection move. Those names include, & 

   A few years back Amazon secured which seems to play into that speculation. 

   Amazon insist that there isn't enough demand for the digital coin to began accepting Bitcoin or any other cryptocoins as a payment outlet.

   This I believe, will be the biggest understatement for many in the near future. There will be a point of trust in the technology, where bitcoin and it's siblings will integrate seamlessly due to demand.

A man holding a sign with tax reform printed on it
  Adding to the financial whirl wind today, President Trump has disclose the administration's Tax reform plan. As it would has been expected. Plenty of fanfare on both sides. I'm so amazed how we have a government that is elected by & for the people yet allows for complete differential in accomplishing little for ALL the people. But, maybe that's just me.

   This 429 page Tax Cut & Jobs Acts reform bill entails proposals that are to enhance corporate & the middle class tax burdens. Trump is expecting a passing of the bill before Thanksgiving. 

The word Tax in big letters with a little man in frontA snippet of the bill:                                   
  • Increased Child Tax Credit
  • Corporate Tax at 35% would be cut to 20%   
  • A company can now deduct investment within same year
  • Larger standard deductions
  • A reduced Home mortgage  interest deduction
  • Eliminating the Estate Tax after doubling it 
  • Eliminating Personal Itemized & Credit deductions 
  • Eliminating Medical Expense deductions
  • Eliminating Alimony Payment deductions
  • Eliminating Student loan interest deduction
  • Changes in State & Local Tax (S.A.L.T.) deductions
  • Tax on Imports from U.S. companies
  • No changes in 401K Retirement 
   Here are just a few of the proposals on the table. As in most any reform procedures there's going to be up's & down's. It would seem that the up's and who benefits are corporations in the higher tax brackets, heirs to estates (over time), low & high income households. 

   Plus, it would seem that doing our own taxes is in our future, as they will be that simplified as to do so.

   The big loser in all this comes out to be the U.S. national debt to the tune of $1.7 trillion. 

   Let the Games begin!

 Solar Powur Sustainable renewable energy

   Here's a little something on the lighter side of today's financial frenzy.  President Trump's newly picked Federal reserve chair-person Jerome "Jay" H. Powell seems like he might go through confirmation without to much distraction. 

   Seeing as he pretty much follows or rather voted along the same lines as the current chairperson Janet L. Yellen. "Jay" as Trump affectionately pinned him in this mornings press conference has been on the Fed's board since 2012. Which would lead one to believe he understand the inner workings of the financial institutions. While others feel he is more in tune to Trumps's wealth building mentality.       In Trump's own words........

President Trump pointing while speaking to the public
Trump says,

"Today is an important milestone on the path to restoring economic opportunity to the American people

   Only time will tell.  

   I say, looking at the way Wall street has been reacting since Trump's election, The wealthy will continue to become wealthier. 
They smell where the money is and go. If getting paid in the future is on your to do list. what they do!

   Touching more on the subject of picking the best stock for your portfolio, that I started in yesterday's post. Don't forget to look within your own circle. 

 Stock market for beginners
   They say, word of mouth is your best review. What about the products you use everyday. Cars was my example yesterday, but yes, things like the company that built the microwave oven you use. Or your favorite television, smartphone, computer. Believe it or not, your kids & grand-kids are a great source on whats the next new thing. What do you see other people using or talking about?

An Apple store  with the apple logoYour next best pick can in the palm of your hands, be staring right at you, speaking to you everyday.......

APPLE Inc. (APPL, +0.73%) 
Hits it's ALL-TIME high today.

Remember, INVESTing in the stock market and you own a piece of that company!

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Copyright © 2017 Andrew Hayes All Rights Reserved
                           DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.