WHITEFISH, MT / August 12, 2014 / The Marijuana Index(TM) moved lower last week, as bellwethers GW Pharmaceuticals plc (NASDAQ: GWPH) and MedBox Inc. (OTC: MDBX) fell 0.8% and 14%, respectively, alongside many other smaller industry components.
Top gainers last week included Novus Acquisition & Development Corp. (OTC: NDEV), which increased nearly 30% as management continues to roll out its MMJ MedPlan, Vape Holdings Inc. (OTC: VAPE), which jumped over 20% after expanding distribution channels for its HIVE Ceramics product line, and Terra Tech Corp. (OTC: TRTC), which rose just under 20% after entering the second phase of a three phase process to launching its CBD-based supplements.
Cannabis regulatory initiatives continued to make progress last week. In particular, Washington D.C. voters will have the opportunity to vote on recreational legalization in November after yet another successful ballot initiative by a U.S. state.
- Cannabis Technologies Looks to Capitalize on Therapeutics – CannabisFN takes a look at Cannabis Technologies Inc. (OTC: CANLF) and its plans to leverage its proprietary platform to uncover CBD-based compounds.
- Washington DC Residents to Vote on Cannabis Legalization – Washington D.C. voters will have the opportunity to vote on recreational marijuana legalization in November after a successful ballot initiative.
- Novus MMJ MedPlan Network is a Contender – CannabisFN takes a look at Novus Acquisition & Development’s (OTC: NDEV) MMJ MedPlan Network that offers cost savings to medical marijuana patients.
- New Study Shows THC May Reduce Tumor Size – New clinical research suggests that a previously unknown signaling system may be responsible for THC’s ability to reduce tumor size in certain types of cancer.
- Cannabis Therapy Expands into Animal Health – Cannabis Therapy Corp. (OTC: CTCO) recently announced an exclusive worldwide licensing agreement with Canna-Pet LLC to capitalize on pet products.
- Colorado’s Marijuana Experiment Ruled a Success – Colorado’s recreational marijuana legalization has been largely successful, according to a new report by the Brookings Institute, a Washington D.C. think tank.
What to Watch This Week
The cannabis sector moved lower last week, but traders should watch for a rebound over the coming week, as regulatory initiatives gain steam moving into November’s general election season.
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SOURCE: Emerging Growth LLC