Marijuana stocks are still getting high. The WallStreetNewsNetwork.com Marijuana Stock Index was up a respectable 40% for the first quarter of this year, significantly outperforming the S & P 500, which was up only about 1.3% for this quarter.
This is in spite of the fact that some cannabis companies experienced a huge drop this month. Interestingly, these were the higher priced stocks. For example, Advanced Cannabis Solutions (CANN) dropped from 33.15 to 29.99, Cannabis Sativa Inc. (CBDS) dropped from 11 to 7.85, and one of the biggest drops, CannaVEST (CANV) tanked from 147 to 38 per share.
There were some risers this month, such as mCig (MCIG), which went from 0.46 a share to 0.74, and Terra Tech (TRTC), which rose from 0.52 to 1.14.
Overall, most of the pot stocks were down for the month of March, but up for the quarter. If you look at the chart, you will notice that the weed stocks appear to have topped out, or at least taking a rest.
For a list of the stocks in the WallStreetNewsNetwork.com Marijuana Stock Index or the BIG LIST of marijuana stocks, which now has over a 100 listings, go to WallStreetNewsNetwork.com.
Disclosure: Author owns TRTC.
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