Many Marijuana Stocks Jumped 35% Today: 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.

For example, Cannabis Sativa (CBDS) jumped over 36% today. This is the company that Gary Johnson, the Libertarian presidential candidate, resigned from in January as CEO and Director, in order to run for president.

General Cannabis (CANN) rose by 31%, Cannabis Science (CBIS) went up by 29%, and Medical Marijuana (MJNA) went up by about 21%.

So what’s the reason for all this activity? The upcoming election. Marijuana legalization in some fashion is on the ballot in ten states, which is a record in terms of marijuana measures in one election.

The states that are involved are as follows:

Arizona
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

Look at the above chart of the Marijuana Stock Index. Back in late 2013, the pot stocks skyrocketed. Many investors in the medical arena became millionaires almost overnight, at least on paper.

The companies that make up this list are as follows:

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.

If you are looking for a list of over 120 stocks that are connected to the marijuana industry in some way, go HERE.

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.

Disclosure: Author owns CBDS, HEMP, and MJNA.

Marijuana Stocks Crash in April

If you have been following the Stockerblog.com Marijuana Stock Index, which can be found at WallStreetNewsNetwork.com, over the last few months, you would notice that the pot stocks increased substantially during the first couple months of the year. However, during the month of March, the cannabis companies started to drop off, and in April, they really tanked.

According to the Marijuana Index, a dozen of the 21 stocks in the index dropped in excess of 30% over the last couple months, with several dropping by over 50%. For example, Advanced Cannabis Solutions (CANN) dropped by 53%, Cannabis Science Inc. (CBIS) dropped by a similar amount, and CannaVEST (CANV) fell by 87%.

The overall Marijuana Stock Index tanked by 43% during the last two months, whereas the S&P 500 was up by 1%. Interestingly, the Marijuana Stock Index is still outperforming the S&P 500 from the beginning of the year, with the Marijuana Index up 17% and the S&P up just 2%. Some of the stock are still up substantially from the beginning of the year in spite of the March and April drop, with more than ten rising over 100%.

To see the free list of all 21 stocks in the entire Stockerblog.com Marijuana Stock Index, go to WallStreetNewsNetwork.com. Also available is the Big List of marijuana stocks, which has over 100 cannabis stocks.

Disclosure: Author didn't own any of the above at the time the article was written. 

By Stockerblog.com

The Stock that went from $50,630,000,640 per share in 1997 to 12 cents Today

Would you believe that there is a stock that traded at a split adjusted basis of $50,630,000,640 per share back in November of 1997? It traded at 'only' $5,063,000 per share on a non-adjusted basis back then.

 $50,630,000,640 per share in 1997

This is according to Yahoo Finance. (I wonder if there is a missing split somewhere in that calculation?) This information can be found by entering the stock symbol, clicking on Historical Prices on the left side, then scroll down and click on the Last link. Look at the bottom of the list for 1997.

 12 cents per share now

Today the stock is trading for around 12 cents a share. What's the stock you might ask? It is one of the recent 'high flying' marijuana stocks, Cannabis Science (CBIS). This Colorado Springs based company is involved in the development of phytocannabinoid based pharmaceutical products to treat blood pressure, autism, and cancer side effects.

Revenues for the latest reported quarter were up 3719% with a one cent earnings loss per share. The company has a market cap of $89 million.

Disclosure: Author owns CBIS.

Marijuana Stocks on a High Streak

Marijuana Cannabis Joint

If you have been watching the news about Colorado and the sale of legal marijuana, you would have seen the long lines, reminiscent of lines for popular rock concerts or new Apple (AAPL) iPhones. This news has caused the the prices of many stocks in the cannabis and medical marijuana industry to get very high today. Some of the stocks that are smoking right now include Cannabis Science, Inc. (CBIS) up 60%, up 11%, GreenGro Technologies, Inc. (GRNH) up 29%, Hemp, Inc. (HEMP) up 48%, Medbox, Inc. (MDBX) up 58%, Rapid Fire Marketing, Inc. (RFMK) up 33%, Cannabis Sativa (CBDS) up 233%, and Tranzbyte Corporation (ERBB) up 20%.

Most of the companies related to marijuana are very low cap stocks, according to the free list of over 20 marijuana stocks at WallStreetNewsNetwork.com. However, for the medical use of marijuana and its derivatives, there are larger companies that produce such products as Marinol, a trademark of Solvay SA (SVYSF).

There is also Nabilone, marketed as Cesamet by Valeant Pharmaceuticals International (VRX), which trades on the New York Stock Exchange. Nabilone, a synthetic cannabinoid, is used to treat chemotherapy-induced nausea and vomiting, anorexia, and weight loss in AIDS patients. Valeant also markets Fluorouracil, a cancer treatment drug, and Diastat, a seizure drug. This $39 billion market cap stock trades at 8.4 times sales.It recently generated negative earnings.

Psychemedics Corporation (PMD) has a PE ratio of 25, a price sales ratio of 3, and pays a generous yield of4.1 %. This $79 million market cap company is a provider of marijuana testing and other drug testing services.

GW Pharmaceuticals (GWPRF) produces Sativex, an oral spray with tetrahydrocannabinol and cannabidiol, which is used to treat multiple sclerosis patients, and also for treating pain in cancer patients. This $586 million company trades at 14 times sales.

To see the complete free list of over twenty marijuana stocks, which shows the stock ticker symbol, PE ratio, price sales ratio, yield, market capitalization, and business description, go to WallStreetNewsNetwork.com.

Disclosure: Author owns AAPL but didn't own any of the other above stocks at the time the article was written.

By Stockerblog.com

The Growth of the Medical Marijuana Industry and the Stocks that Participate

In November of 2012, the United States began the next revolution in American history. But this isn’t the railroad boom of the industrial revolution, or the booming importance of the Internet in the technology revolution. Instead, states like Colorado and Washington passed laws in 2012 that will pave the way for the medical marijuana revolution and will change how the nation accepts cannabis culture. But along with users who enjoy the opportunity to use marijuana for personal use, there is also a huge opportunity for investment for those that are looking to make a large financial gain.

Tax Revenues

Aside from all of the medical marijuana users who enjoy using for personal reasons, governments have also gotten ‘high’ after seeing the amount of money the industry turns over. In 2012, Colorado estimates that it brought in nearly $200 million in tax revenues. For a nation that is struggling to remain atop of the world economies, this is an eye-opening number. For those that are looking to invest, these numbers are important to keep in mind due to the value that they have on the national economy. If something is so profitable and helps the country dig into its national debt, it will only rise in value as it becomes more acceptable throughout the rest of the country. This garners amazing investment opportunities for those looking to invest in the marijuana industry.

Jobs

Aside from the money, the medical marijuana industry provides jobs for people. The larger the system gets, the more people are needed to work in the process of growing, harvesting, distributing and selling marijuana. If the tax revenue wasn’t enough to peak the interest of the government (hint, it is), then seeing the unemployment rate drop and even further bolstering the economy is another added benefit to keep in mind with the legitimacy of cultivating marijuana. This is an added safety net of concern for those looking to invest in the medical cannabis arena.

Establishment Support

Lastly, marijuana is no longer looked at with such negativity and stigmatized opinions. Influential names across America like US Attorney General Eric Holder, who has proposed more leniency for drug offenders, CNN’s Dr. Sanjay Gupta support of medical marijuana legalization, and many more high-ranking officials have voiced their opinion on the financial and health benefits that medicinal marijuana provides. Even major health journals, such as Nutricula Magazine has espoused the legalization of marijuana for its health benefits.

Investment Opportunities

If you are an investor who is considering buying stocks in medical marijuana, consider that a lot is weighing in favor of the huge growth of the industry. Like anything, there is risk when investing. However with the financial, employment and health benefits that medicinal marijuana provides, the industry has already begun to catch enough momentum that it has captured the eyes of investors.
Most of the companies related to medical marijuana are very low cap stocks, according to the free list of over 20 marijuana stocks at WallStreetNewsNetwork.com. However, for the medical use of marijuana and its derivatives, there are larger companies that produce such products as Marinol, which is synthesized THC, also known as dronabinol, and available by prescription in the US. This is a product of Solvay SA (SVYSF). However this is just a small part of this large chemical conglomerate.
Nabilone, marketed as Cesamet, is produced by Valeant Pharmaceuticals International (VRX), which trades on the New York Stock Exchange. Nabilone, a synthetic cannabinoid, is used to treat chemotherapy-induced nausea and vomiting, anorexia, and weight loss in AIDS patients. Valeant also markets Fluorouracil, a cancer treatment drug, and Diastat, a seizure drug. This $31.5 billion market cap stock trades at 7.87 times sales. Revenues for the latest quarter were up 33.6%, however, earnings were negative.

GW Pharmaceuticals (GWPRF) produces Sativex, an oral spray with tetrahydrocannabinol and cannabidiol, which is used to treat multiple sclerosis patients, and also for treating pain in cancer patients. This $137 million company trades at three times sales. Revenues were down 34% for the latest quarter.

Some of the companies in this industry have already made major moves. For example, Medbox, Inc. (MDBX), which makes machines that can dispense medication and medical marijuana to individuals based on biometric identification, has risen from about $2 a share a year ago to $35 a share today. Other microcap medical marijuana-related stocks that have recently started to move up are Cannabis Science Inc. (CBIS), Medical Marijuana Inc. (MJNA) which prints its stock certificates on hemp paper, CannaVEST Corp. (CANV), and Cynapsus Therapeutics Inc. (CTH.V). These are extremely low capitalization stocks that should be considered extremely speculative.

To see the complete free list of over twenty marijuana stocks, which shows the symbol, PE ratio, price sales ratio, yield, market capitalization, and business description, go to WallStreetNewsNetwork.com.



Disclosure: Author owns MJNA.

By Stockerblog.com