Maybe it’s just a coincidence but California just legalized recreational marijuana a couple months ago and now Apple (AAPL) has filed a patent for a vaporizer, often referred to as a vape. Vapes are commonly used to smoke cannabis.
According to a recent article in Gizmodo, Apple filed the application back in July and was posted yesterday on the USPTO website.
According to the abstract, “A chamber body is to receive therein a substance that is to be vaporized or sublimated into a vapor. A plate whose bottom face rests on the substance inside the chamber body is temperature regulated, e.g., using a heater therein, which releases heat directly above the substance that lies below. The plate slides downward as the substance is consumed by vaporization or sublimation.”
Who knows what plans Apple has for this device? Who would have thought that a large cap stock like Apple might come out with a product that could be used in the marijuana (cannabis, hash, hemp, ganja, weed) industry?
If you thought that stocks in all the sectors seemed to be drifting downwards recently, you probably didn’t notice that the marijuana industry has been smoking.
For example, Cannabis Sativa (CBDS) jumped over 36% today. This is the company that Gary Johnson, the Libertarian presidential candidate, resigned from in January as CEO and Director, in order to run for president.
General Cannabis (CANN) rose by 31%, Cannabis Science (CBIS) went up by 29%, and Medical Marijuana (MJNA) went up by about 21%.
So what’s the reason for all this activity? The upcoming election. Marijuana legalization in some fashion is on the ballot in ten states, which is a record in terms of marijuana measures in one election.
The states that are involved are as follows:
Some measure just involved medical marijuana, such as Arkansas and Florida. Other states have measures to legalize recreational marijuana, in addition to medical marijuana. Most investors are looking at Proposition 64 in the state of California, due to the size of the state’s population. Many investors believe that if California legalizes, then the cannabis stocks will take off.
Look at the above chart of the Marijuana Stock Index. Back in late 2013, the pot stocks skyrocketed. Many investors in the medical arena became millionaires almost overnight, at least on paper.
The companies that make up this list are as follows:
Advanced Cannabis Solutions
Cannabis Sativa Inc.
Cannabis Science Inc.
GreenGro Technologies, Inc.
Medical Marijuana Inc.
Agritek Holdings (MediSwipe)
Valeant Pharmaceuticals Intl.
One thing to keep in mind before investing in these stocks are that most of them are very low cap and extremely speculative.
If you are looking for a list of over 120 stocks that are connected to the marijuana industry in some way, go HERE.
It remains to be seen what will happen to these stocks, or what happens with the ballot measures, for that matter. Just remember, if you invest in a small cap stock, be prepared to lose it all.