Many Marijuana Stocks Jumped 35% on Monday: Will They Continue to Get High or Go Up in Smoke?
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.
Arkansas
Arkansas
California
Florida
Maine
Massachusetts
Montana
Nevada
North Dakota
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.
Marijuana Stock Index |
Advanced Cannabis Solutions | CANN |
Cannabis Sativa | CBDS |
Cannabis Science | CBIS |
GreenGro Technologies | GRNH |
GrowLife Inc. | PHOT |
Hemp Inc. | HEMP |
mCig | MCIG |
Medical Marijuana | MJNA |
Agritek Holdings (MediSwipe) | AGTK |
Pharmos Corp. | PARS |
Planda Biotech | PLPL |
Psychemedics | PMD |
Solvay SA | SVYZY |
Terra Tech | TRTC |
Valeant Pharmaceuticals | VRX |
One thing to keep in mind before investing in these stocks are that most of them are very low cap and extremely speculative.
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.
Source: http://www.tradinggoddess.com/2016/10/many-marijuana-stocks-jumped-35-on.html
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