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Cannabis Legalization Wins Out in Midterm Elections

Monday, 10 November 2014 11:00 AM

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WHITEFISH, MT / ACCESSWIRE / November 10, 2014 / Cannabis stocks moved lower over the past week, according to data from the MarijuanaIndex(TM), despite favorable outcomes in the mid-term elections. Industry bellwethers, like GW Pharmaceuticals plc (NASDAQ: GWPH), traded largely sideways, although MedBox Inc. (OTC: MDBX) fell more than 20%.

On the regulatory side, cannabis-related initiatives in several states were widely successful. Voters in Oregon, Alaska, and Washington D.C. voted to legalize adult-use cannabis, while efforts to legalize medical marijuana in other states were also largely successful across the board. Activists are hoping that the Washington D.C. efforts ultimately prompt lawmakers to further relax federal laws on the drug.

Investment News

Affinor Growers Empower Cannabis Growers - CannabisFN takes a look at how Affinor Growers Inc. (OTC: RSSFF) (CSE: AFI) is working to become the first Canadian company to legally grow and sell cannabis in the U.S.

GB Sciences Hosts First MMJ Conference - GB Sciences (OTC: GBLX) will host its first annual medical cannabis conference on November 14, 2014 titled "Cannabinoid Science and Medicine: From Plant to Medicine".

Worlds Online Helps Clients Secure MMJ Permits - Worlds Online Inc. (OTC: WORX) recently announced that it helped clients obtain MMJ production permits awarded by the State of Nevada last week.

Agritek Secures Provisional License in Nevada - Agritek Holdings Inc. (OTC: AGTK) recently announced that it received a provisional license for cultivation in Nevada on behalf of its tenant and principal client.

GrowBLOX Receives Approval from Nevada - GrowBLOX Sciences Inc. (OTC: GBLX) recently announced that it received approval from Nevada to proceed with its special use permit to establish an MMP cultivation facility.

CannLabs CEO Mark Mirken Interviewed - CannLabs Inc. (OTC: CANL) CEO Mike Mirken was interviewed in a recent SeekingAlpha article discussing the company's upcoming prospects and catalysts.

DigiPath Receives Approval in Nevada - DigiPath Inc. (OTC: DIGP) recently announced that it received approval to open and operate a cannabis testing laboratory in the State of Nevada.

Surna Issues Letter to Shareholders - Surna Inc. (OTC: SRNA) recently issued a letter to shareholders discussing the state of the cannabis industry and the company's plans to capitalize on the growing demand in the space.

Novus MedPlan Offers Savings to MMJ Patients - CannabisFN takes a closer look at Novus Acquisition & Development Corp.'s (OTC: NDEV) MedPlan and its promise to make MMJ more affordable for patients.

GrowBLOX Collaborates on New App - GrowBLOX Sciences Inc. (OTC: GBLX) recently announced that it was working with MJ Freeway to develop an app that promises to enhance the medical cannabis patient experience.

CannLabs Set to Open New Testing Facility - CannLabs Inc. (OTC: CANL) recently announced that it has received approval in Nevada to open a new independent testing facility based in the so-called Greenbelt.

Regulatory News

Big Pharma's Behind-the-Scenes Fight Against Cannabis - CannabisFN takes a closer look at how large pharmaceutical companies have been funding efforts to derail medical cannabis, ignoring the abuse of their products.

Alaska Becomes Fourth State to Legalize Adult-Use Cannabis - Alaska became the fourth state in the U.S. to legalize adult-use cannabis, following similar efforts in Colorado, Washington, and Oregon.

Exclusive Interview

CannabisFN's Mike Elliott recently sat down with Affinor Growers Inc.'s (OTC: RSSFF) (CSE: AFI) Nick Brusastore to discuss its recent acquisition of a 49% interest in Good to Grow LLC and the company's plans in the U.S. marketplace.

Watch the entire exclusive interview on CannabisFN here:
http://www.cannabisfn.com/mdc/affinor-growers-inc/

About CannabisFN

Cannabis Financial Network (CannabisFN) is brought to you by TDM Financial, a financial media company and owner of SECFilings.com with over a decade of experience educating investors, profiling public companies, and developing specific investors audiences. CannabisFN is the largest dedicated financial network covering the North American cannabis and medical marijuana (MMJ) industries. Its mission is to educate investors and other cannabis market participants and followers on industry news, business and investment perspectives, and the fluid regulatory environment while serving as a leading corporate communications platform to public and private companies operating in the space.

To learn how your company can be covered on CannabisFN, visit http://www.cannabisfn.com/market-defining-companies-program/.

To subscribe to the CannabisFN weekly newsletter or read additional coverage on cannabis laws and investments, visit http://www.cannabisfn.com.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.


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Emerging Growth LLC

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