Amidst a torrent of questionable marijuana companies popping up, one early-stage developer of cannabis products is smartly securing its management team to grow for the long haul…
I’m sure most of us can fondly remember how, for decades, cannabis was a stubborn thorn in the side of political agendas.
It’s really quite hard to believe the number of walls that have fallen in favor of marijuana’s legalization in just the past year.
The day of reckoning truly has come.
Now, to know whether or not our society is better off with legal consumption of weed, is going to take some time to unravel.
Nevertheless, weed has officially gone mainstream, and the latest developments in the State of Washington is pointing to a very bright future for chronic smokers everywhere.
Pass The Dutchie
Seven months after Colorado began to legally sell pot, Washington became the second state to establish a state-licensed system to grow, sell, and tax marijuana.
On July 7th 2014, Washington lawmakers issued its first 24 retail licenses.
A day later, six stores opened with hundreds of customers eagerly waiting to pick up their very first stash of herb without fear of breaking any laws.
Washington law allows the sale of up to an ounce of dried marijuana, 16 ounces of pot-infused solids, 72 ounces of pot-infused liquids or 7 grams of concentrated marijuana, like hashish, to adults over 21.
For one company still in the development stage, Washington and Colorado has all the hallmarks of being amazing launch pads for its many products.
Better still, this startup is being led by a couple of industry champions that are not only staunch supporters of the cannabis movement, but also have the political pedigree to give the Company some serious credibility.
Top Marijuana Stock To Buy Today:
In an industry as unproven as legal marijuana, it can provide investors with a little peace of mind knowing that a development stage company has backing from former politicians.
And that’s exactly what Nevada-based Cannabis Sativa, Inc. (OTCBB:CBDS) got in the past month.
CBDS’ current business is in the development and manufacturing of cannabis-based products such as lotions and creams.
On June 30th, the micro-cap announced that it had hired Gary Johnson as its new president and CEO.
Johnson happens to be the former 2-term Republican governor of New Mexico and was the 2012 Libertarian Party presidential nominee.
Over the past decade, he has made a name for himself as an advocate for marijuana legalization.
Joining him at the executive level is Chairman Steve Kubby, who himself was the 1998 Libertarian Party of California candidate for State Governor and is a published author on drug policy reform.
Through Kubby’s involvement, CBDS will be expanding its business to include research, development, and sale of new strains of cannabis and other cannabis-related goods.
Kubby’s company, Kush, was acquired by CBDS in the deal to bring Kubby onboard.
Kush has granted CBDS an exclusive license to a pending patent application for what Kush believes to be a unique strain of cannabis known as the CTA strain for a period of 50 years.
With these two marijuana champions at the helm, CBDS has real potential to lead the charge in the mass acceptance of what’s still considered an illegal narcotic in most states.
Johnson is confident his Company can make it happen.
“I don’t know if I’m the Bill Gates of marijuana, but we might be the Microsoft of marijuana. The whole country is going to legalize marijuana in 10 years, and then so goes the world,” says Johnson.
CBDS has yet to make any profit. But seeing the clout that Johnson and Kubby bring to the business, investors are already betting big that CBDS is going to do well.
In the two weeks following Johnson’s and Kubby’s appointments, the stock has spiked for 143%.
A word of caution here as the high is likely to wear off until the two leaders get their team into a lab and actually start to develop goods for market.
Whether they become the Microsoft of Marijuana or the Budweiser of Beer, CBDS could have real potential to make it big in this business if they can deliver.
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