CNAB- 6M float volume increasing trading at a mere .25/share.
The U.S. cannabis industry will pump up to $44 billion annually into the country’s economy by 2020 if current business and legalization trends continue, according to exclusive data released today in the 2016 Marijuana Business Factbook.Marijuana Business Factbook Last year predicted $14 billion to $17 billion in impact for 2016. The publication has been producing the report since 2012.
As for actual sales of marijuana, that figure is estimated at $3.5 billion to $4.3 billion for this year in just states that have legalized medical and recreational use. That’s up from $3 billion to $3.4 billion last year, and in 2014 it was $2 billion to $2.4 billion. The overall sales market for marijuana each year in all states (not just where legalized), in case you wondered: “Between $30 and $45 billion in the U.S., and that includes the black market.” For just legal sales, MBD projects $6 billion to $11 billion by 2020.
The cannabis industry has seen a substantial acceleration in the number of new regulated marijuana markets coming online each year, indicating that business opportunities are finally starting to catch up with the wave of legalization itself. So which stocks in this industry might go higher based upon this report.
After GW Pharmaceuticals (GWPH – $84.71) announced that it had successfully treated a form of epilepsy using its cannabis-based drug Monday, the stock jumped $46.25 on the day, followed closely by Pennsylvania-based drug maker Zynerba Pharmaceuticals (ZYNE – $21.03) whose stock also rose $12.59 in concert during trading Monday.United Cannabis Corporation (CNAB) $.19 started showing some big increase in volume today along with General Cannabis Corp. (CANN – $.50), and Cannabics Pharmaceuticals Inc. (CNBX) – $.067. Cannabis Sativa, Inc. (CBDS -$1.53) was the big microcap winner on the day with huge volume and a big move up in price. The stock opened at $.44 and closed at $1.53.
You can’t buy marijuana in every state yet, but you can be a part of the Cannabis revolution by owning stock in companies operating in the industry
Federal law still prohibits marijuana but that hasn’t stopped or even slowed the cannabis revolution, but although it has made it extremely difficult for marijuana businesses to get bank accounts. But it appears that there’s too much momentum now for any one politician or the Federal government to slow it down. “You might get an anti-cannabis president in January, but even then, it’s hard to see this going in the opposite direction.”. “The genie’s out of the bottle, half the country has legalized medical marijuana and an increasing number of states are legalizing recreational. Anyone who tries to stand in its way is going to have a hard time.” Trade wisely, as always, but now may be a good time to throw some money at this growth industry.
ARTICLE SOURCE: VALUEQUITIES
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