About this iReport
  • Not verified by CNN

  • Click to view CannaNews's profile
    Posted May 31, 2014 by

    More from CannaNews

    Cannabis Sector Gains Market Security as DEA is Blocked from Targeting Medical Marijuana

    Cannabis Sector Gains Market Security as DEA is Blocked from Targeting Medical Marijuana

    This past Friday, the U.S. House of Representatives passed an amendment to block the Drug Enforcement Agency (DEA) from targeting medical marijuana users, growers, and sellers. This amendment also blocks the DEA from interfering with industrial hemp research. What does this mean for medical marijuana affiliated businesses? No more woes about a federal raid. Needless to say, with the changing of the political tide creating a more cannabis-friendly environment in the U.S., many cannabis sector stocks have seen great progress.

    The OTC Markets have shown us time and time again how the right catalyst can help create huge price movement. Green Cures & Botanical Distribution, Inc. (OTC: GRCU), Fortitude Group, Inc. (OTC: FRTD), Dewmar International BMC, Inc. (OTC: DEWM), Zulu Energy Corp. (OTC: ZLUE), Quasar Aerospace Industries, Inc. (OTC: QASP), IC Punch Media, Inc. (PNCH), and Frozen Food Gift Group, Inc. (OTC: FROZ) are all examples of companies that have recently had major catalysts in their business dealings push them to new highs. Dutch Gold Resources, Inc. (OTC: DGRI) looks well positioned to be the next major mover by taking advantage of its own business and federal level catalysts.

    In addition to this incredible federal news regarding the DEA being blocked, DGRI has stumbled into some great opportunities of its own, and shareholder excitement has been showing. Share prices have move from as low as $0.0005 in mid-May to $0.0022 in recent trading sessions, and the stock is still looking strong.

    DGRI shareholders have a lot to look forward to, according to recent press releases. On June 20th, the company will launch their new MMJCrowdFund.com website, which will seek to match crowdsourced investors with budding cannabis sector companies. Additionally, on the 30th of June, investors are expecting to hear updates regarding the lifting of DGRI’s DTC chill, progress in moving towards becoming a current filing status company with the SEC, and a dividend announcement that is expected before the end of Q2. Time and time again, DGRI has announced expectations of revenue streams pouring in early Q3 2014. With this approaching rapidly, shareholders could quickly be rewarded as the cash flows grow. Before September 30th, the company expects to have a board of directors that meets the qualification standards for a national market listing. The company is gearing up in preparation for an uplist to a larger market tier, from all hints given.

    DGRI announced on Thursday that they have been receiving many inquiries from companies seeking financing, which means that they could be able to help launch 15 companies for financing within the first year of their platform launch. They anticipate that they will be able to get each company to revenue generating phases by Q3 2014. DGRI will receive fees and possibly equity from each company that they sponsor, which will create ongoing turnkey revenue streams for the company. Needless to say, shareholders are excited by the prospect of value in Dutch Gold’s current business plan.
    Add your Story Add your Story