The Daily Dab: A Quick Hit On Cannabis Stocks 12/06/13

Cannabis stock trading was mixed, with very low volumes across the sector’s more active names:

Medbox (MDBX) bounced back after posting a 52-week low yesterday, though volume fell sharply.  Medical Marijuana, Inc. (MJNA) continued its rebound after trading as low as $0.10 yesterday.  Volume picked up slightly but was well below normal levels, as the stock ended the week down slightly but preserving most of the advance since trading to .085 on 11/26.  mCig (MCIG)  continued to trade in a narrow range, closing near the highs of the last few weeks.

Hemp, Inc. (HEMP) posted a new 52-week low on accelerating and above-average volume, closing at the lows of the day.  GW Pharma (GWPH), the most liquid name in the sector, posted a six-consecutive lower low since spiking to almost $40 on the day before Thanksgiving.

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