Whitefish, MT / September 30, 2014 / Cannabis industry stocks were mixed last week, despite ongoing regulatory gains both in the United States and around the world. Top gainers included MedBox Inc. (OTC: MDBX), which jumped more than 16% after launching its new website and completing its second capital raise, and Earth Science Tech Inc. (OTC: ETST), which jumped nearly 80% after announcing new CBD shipments and awareness efforts.
On the regulatory side, cannabis advocates continue to make progress in promoting the medical and – in some cases – adult-use of the substance across many states. Uruguay has also made tremendous progress in developing its adult-use cannabis program, including opening up the country to foreign growers. The country expects its first major harvests to begin by the end of the year.
Investment News
- Earth Science Tech Studies CBD Effects – Earth Science Tech Inc. (OTC: ETST) began studying the biological and anti-tumor effects of its All Natural High Grade CBD Rich Hemp Oil on cancer cells with the University of Oklahoma.
- Cannabix Develops Breathalyzer for Cannabis – Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO) is developing an innovative new breathalyzer technology that could help detect THC levels on the road.
- Lexaria Makes Progress on Numerous Fronts – Lexaria Corp. (OTC: LXRP) launched a new program to raise awareness of medical marijuana's benefits among physicians and consumers throughout Canada.
- Supreme Pharma Adds New Talent to Board – Supreme Pharmaceuticals Inc. (OTC: SPRWF) (CSE: SL) announced the addition of the experienced entrepreneur, Mr. Chris Bechtel, to its Board of Advisors.
- Earth Science Brings CBDs to 50 States – Earth Science Tech Inc. (OTC: ETST) announced that it received its first two shipments of CBDs that it plans to distribute in 50 states and over 40 countries worldwide.
- Enertopia Submits MMPR Application for JV – Enertopia Corp. (OTC: ENRT) (CSE: TOP) announced progress across two of its projects and new efforts to raise awareness among both physicians and consumers.
- Chuma's Business Model Featured in Financial Post – Chuma Holdings Inc.'s (OTC: CHUM) unique business model and future potential was featured in an article appearing in the Financial Post.
- Novus Engages Advisors to Assist with MedPlan – Novus Acquisition & Development Corp. (OTC: NDEV) announced the engagement of Vicente Sederberg to assist with the rollout of its MedPlan program.
Regulatory News
- Cannabis Legalization Could Generate $3B in Tax – The U.S. could generate more than $3 billion in annual tax revenue if all 50 states implemented a flat 15% excise tax on marijuana, according to NerdWallet.
- Chicago Mayor Calls for Reduced Penalties for MJ – Chicago Mayor Rahm Emanuel petitioned Illinois lawmakers to reform sentencing laws for low-level drug offenses, which would include ticketing instead of arresting.
- Uruguay's Market is Open for Foreign Companies – Uruguay has been finalizing the terms of a tender for the 20 tons of marijuana that it intends to grow each year with hopes for a first crop by December.
Exclusive Interview
CannabisFN's Mike Elliott recently sat down with Earth Science Tech Inc.'s (OTC: ETST) CEO Harvey Katx to discuss the company's unique focus on delivering cutting-edge nutraceuticals, bioceuticals, and dietary supplements designed for excellence in the areas of health, wellness, sports, and alternative medicine.
Watch the full executive interview on CFN here:
http://www.cannabisfn.com/mdc/earth-science-tech-inc/
Upcoming Events
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