(MENAFNEditorial)
Attention on marijuana stocks has begun to really pick up after Alaska Washington D.C. and Oregon have all come online and projections are already high citing major market opportunity in these states. Pro-marijuana activists are saying the legalization of recreational marijuana use in Washington D.C. specifically is a huge win. Based on the activity politically attention in the market has been revitalized and marijuana related stocks are starting to gain more interest.
Hemp Inc (OTC:HEMP) recently announced that its subsidiary Industrial Hemp and Medical Marijuana Consulting Company Inc. announced the signing of a consultant agreement with VaporBrands International Inc. (OTC: VAPR) to provide distribution sales and marketing support for VaporBrands’ products in the marijuana nad industrial hemp industry. Hemp Inc. CEO Bruce Perlowin commented "We believe the future of the industry lies in electronic cigarettes with infused hemp oil high in cannabidiols (CBDs). There have been many companies with success in launching hemp oil electronic cigarettes so it's definitely a very viable product."
Since hitting lows last week of $0.0368 the stock price has been mostly sideways as Monday’s session continued to see the stock trading between $0.037-$0.039. The added exposure and cross promotion of this agreement with that of VaporBrands could bode very well for Hemp Inc. as this will bring the company into a space that has been sought after as an “alternative” to smoking marijuana bud.
(for more information on HEMP and related companies please visit http://investornewssource.com/market-scan/'symbol=hemp )
Acology Inc (OTC:ACOL) has a product called the Medtainer which has been selected to be apart of the Honorary 2014 American Music Awards Celebrity Gift Bag Giveaway. Being that the medical and recreational marijuana industry has gained so much attention any opportunity to get the product in the hands of some of the most photographed people in the world is a great opportunity.
Over the last three months Acology’s stock price has run the gamut seeing highs of $0.70 and lows near $0.10. Monday’s session saw the stock pull back to some historic lows. Some investors are seeing opportunity with this drop in price as a similar scenario in October resulted in Acology stock price rebounding more than 100%.
(for more information on ACOL and related companies please visit http://investornewssource.com/market-scan/'symbol=acol )
Medical Marijuana Inc. (OTC:MJNA) rallied in a big way last week. Following lows on Tuesday of $0.12 (the lowest in nearly a month) MJNA’s stock price jumped to highs of $0.155. This piggy backed off of the company’s more recent quarterly report with shows that MJNA operations resulted in gross margins of 55%. More importantly the filing shows that they reported net income of more than $400000 as compared to the previous quarterly which showed a net loss of $920k. Since Monday of this week the stock has continued to uphold a steady bull trend after closing out Monday’s trading session at $0.149
(for more information on MJNA and related companies please visit http://investornewssource.com/market-scan/'symbol=mjna )
Marijuana stocks have had their fair share of consolidation over the last few months. Popular opinion continues to support nationwide legalization and new supports come on board every day from all different industries. Investors looking for real opportunity within this market should look at companies that are focused on the future. Whether that means new technology or innovative cultivation methods the marijuana industry will continue to push the envelope when it comes to meeting demand in a market hungry for its supply. This impending economy of scale has only a matter of time before it reaches a tipping point and as with alcohol prohibition millions could be made as soon as the majority of US territories come on board for new legalization.
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