The MaryJane Group Inc (OTCMKTS:MJMJ) is one of the most exciting names on the OTC markets. MJMJ knows how to make news and do so in a big way. The latest news is that The MaryJane Group will be featured on the History Channel. The program will feature MJMJ's Bud+Breakfast for the History Channel's original documentary titled "The Marijuana Revolution." This series will feature several parts and focus on America's attitude towards marijuana and the seismic shift that is taking place.MJMJ is one of the companies featured because CEO Joel Schneider aims to be the Conrad Hilton of the marijuana industry. MJMJ is the preeminent hospitality group in the canna-lifestyle hospitality sector, committed to strengthening the recreational cannabis industry through a unique brand portfolio and trusted partnerships. The Company currently provides cannabis-friendly lodging and events at its three Bud and Breakfast locations.A stay at a Bud+Breakfast is unlike a stay anywhere else. The guest package includes a Wake and Bake Breakfast, a 4:20 Happy Hour and a facility to consume the best marijuana and marijuana edibles Colorado has to offer. MJMJ also provides its guests with an on-site chef who prepares a gourmet breakfast and afternoon hors d'oeuvres. Each Bud + Breakfast location allows MJMJ to book tours and sell branded apparel, merchandise and remaining glass products to guests. As a result of the company's success, MJMJ is actively seeking additional lodging facilities.Net revenue for the three months ended October 31, 2015 totaled $310,587 compared to $164,293 in the comparable period in 2014, representing an increase of 89%. Net revenue increased $73,556 from net revenue of $237,021 during the three months ended July 31, 2015. This increase is primarily a result of increased revenue from the bed and breakfast operations during the quarter which management believes is a direct result of the Company's increased exposure through marketing and advertising. This steady improvement illustrates that the company's business model is working.Helping to drive this growth are a number of tailwinds helping the company. First up is the overall dynamics of the marijuana industry. According to a recent report from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74% in 2014 to $2.7 billion, up from $1.5 billion in 2013, making legal marijuana the fastest-growing industry in the United States. The report projects a 32% growth in the market and concluded that if the trend toward legalization spreads to all 50 states, the total market value would top $36.8 billion - more than $3 billion larger than the organic food industry. ArcView predicts that over the next five years, 14 more states will legalize recreational marijuana and two more states will legalize medical marijuana. Currently, at least ten states are already considering legalizing recreational marijuana.Further helping The MaryJane Group is the enormous amount of free national press the company has received. Prior to being on the History Channel, MJMJ has been featured on CBS News' 60 Minutes, The Tonight Show with Jimmy Fallon, Time Magazine, The NY Times, and High Times Magazine. This is a big deal for a tiny company like MJMJ. This coverage helps the company grow its shareholder base and attract investors to finance its growth strategy. This is what the company needs to move its stock price higher.
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Shares of MJMJ were quiet for the last half of 2015 on relatively no news. Now the company is gathering traction and getting some major national media exposure. It's obvious that CEO Joel Schneider is working hard behind the scenes to make things happen. With a lot happening in the marijuana industry this year, MJMJ is certainly one to keep an eye on. Sign up below to get the latest updates on MJMJ and all of the other hot pot stocks. We think it will be their year. Don't miss out!
Disclosure: We have no position in MJMJ either long or short.
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