Following the legalization of marijuana for recreational use in Washington and Colorado, the cannabis sector is rallying to new highs, which is helping savvy early investors to realize huge profits.
Portland, OR -- (SBWIRE) -- 02/03/2014 -- As marijuana sales in Colorado continue to impress, the cannabis sector is soaring in the OTC markets. Several cannabis companies in the OTC markets have run for thousands of percents in gains in short-time frames. With such impressive opportunities available, many OTC companies are making strategic acquisitions or mergers to enter the recreational or medical marijuana industry. There are still many diamond in the rough companies that seem to be solid investments for investors seeking to profit from the cannabis boom.
With the successes of Colorado's marijuana legalization, and the U.S. Federal Government loosening up on their restrictions, it is likely that many other states will follow with similar action on upcoming elections.
CosmicStocks.com has set its scopes on a particular opportunity in the cannabis industry expansion, Crown Marketing (OTCBB: CWNM), ISIN: US2284101068 WKN: A1KB24. This company has entered a sector that is expected to make huge annual returns. In Colorado alone, it has been estimated that recreational marijuana sales will climb above $600M in the first year. The company also has a medical marijuana patent, that could position the company to do well in states that have allowed medical marijuana, but not recreational marijuana. The ability to separate out THC, the active ingredient in marijuana that causes the "high" has been a landmark for the medical marijuana industry.
In addition to the high yielding industry, CWNM had previously announced a reverse merger with Okra Energy. If there are updates on this merger, this could add value for shareholders across the board. Okra, which could be the new name for the company, specializes in the rental and sale of real estate for cannabis sector use.
At current prices, CWNM is selling at a dip way below previous highs. Cosmic Stocks feels as if there could be a substantial upside correction in the short-term.
CWNM trades on the OTC Markets, which means that any investment in the company is highly speculative and risky. Please review our full disclaimer at: http://cosmicstocks.com/disclaimer/
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This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2013 and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.
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