COIN a NASDAQ Listed Marijuana Play

(NEW YORK)--Oct. 18, 2010--In case you haven't noticed, Marijuana stocks have been showing increased interest as California's Prop 19 heads to the polls for the upcoming election.

Coverted organics (NASD:COIN), (www.convertedorganics.com) is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.

In addition to selling organic fertilizer for home-grown use, the company also acquired TerraSphere Systems (www.terraspheresystems.com), which provides hydroponic and grow room solutions for mass produce growers.

The stock is a small-cap NASDAQ pennystock, but if you are looking for a Marijuana play for the upcoming election, but wish something trading on a larger exchange, you may want to give COIN a look as a possible play.

Included to the common shares, which trade under the symbol COIN, the company also has a publicly trade warrant against the company, which trades under the symbol COINW. The warrant grants the buyer the right to puchase COIN common shares at a price of around $1.30, are non-callable, and don't expire for several years.

If you are looking for something with a bit more risk/reward, then you may want to give a look at some Marijuana micro-cap stocks such as Cannabis Science, Inc. (CBIS), MARIJUANA, INC. (PCIO), Medical Marijuana, Inc. (MJNA), Cannabis Medical Solutions, Inc. (CMSI), and International Merchant Advisors, Inc. (IMAI)