Jan 032014
 

marijuana stocksCourtesy of The Joint Blog

Cannabis stocks saw a big bounce Thursday, following the beginning of legal recreational cannabis sales in Colorado. One company that saw a large increase was Medbox, a maker of cannabis dispensing machines; as of today, trading for the company was up 57.01% at $28.67. Just last week, the stock traded for roughly $10.

Other related stocks that were on the rise Thursday included Hemp Inc. (HEMP), GrowLife (PHOT),Greengro Technologies (GRNH), Medical Marijuana (MJNA), Tranzbyte (ERBB) and Cannabis Science (CBIS). Both GrowLife and Medbox have reached market capitalizations above $100 million.

The rise of these – and similar – stocks are likely to increase as cannabis laws reform around the country. The legitimization of these stocks, in turn, will help to further bring cannabis into the mainstream.

Source: TheJointBlog.Com

Print Friendly

About Johnny Green

Johnny Green is a marijuana activist from Oregon. He has a Bachelor's Degree in Public Policy. Follow Johnny Green on Facebook and Twitter. Also, feel free to email any concerns.
  • Sarijuana

    I think I’ll let the dust settle before I run out and buy any stock. Shit happens!

    • Pocono Shooting Range

      Most of them are less then .03 cents a share. Of all the bets I have taken in my life betting on these penny stocks has very low risk and very high potential reward.

  • josh

    i would like to buy some stock in this market, where can i sign up?

    • becky

      come on over to 420investor.com and join us