Kush Bottles Inc (OTCMKTS:KSHB) Faces a Key Technical Test

Kush Bottles Inc (OTCMKTS:KSHB) has continued to hold well above its 50-day simple moving average over the past three weeks. Going forward, how KSHB handles any possible test with the $5/share level will be key. The level was tested earlier this month and held with a strong bid.

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Will Massachusetts be the first state to allow social marijuana use?

The state’s Cannabis Control Commission is expected to decide later this month whether to approve draft regulations that would allow for the licensing of social consumption establishments. Continue reading “Will Massachusetts be the first state to allow social marijuana use?”

Potential in Puerto Rico

Puerto Rico legalized medical cannabis in early 2015.

In the next two years, millions in new capital flowed into the industry, giving birth to a string of greenhouses and dispensaries.

However – Puerto Rico’s promising young cannabis industry suffered a major setback in the fall of 2017 when the country was struck by a devastating hurricane – Maria.

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Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress

Issuing updated marijuana banking guidance is “at the top of the list” for the U.S. Treasury Department, according to Sec. Steve Mnuchin.

“I can tell you we’re working on it as we speak,” he told a hearing of the House Ways and Means Committee Thursday. Continue reading “Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress”

Non-U.S. citizens advised to stay away from jobs in Colorado marijuana industry

Marijuana may be a multi-billion dollar industry in Colorado, but cannabis is still illegal federally — so any job in the industry can be considered trafficking in a controlled substance. Normally, this hasn’t been a tricky distinction for the industry’s state-licensed employees, except by one standard. Their immigration status. Continue reading “Non-U.S. citizens advised to stay away from jobs in Colorado marijuana industry”

Another 1,000% Gain in 5 Weeks for an Early CBD Leader?

PotNetwork Holdings (OTC: POTN) has been one of the best performing cannabis stocks in the last five weeks.

Despite a recent pullback with the broader cannabis sector, shares of the US-based CBD specialist are still up more than 1,000% in just the last five weeks, jumping from $0.06 on December 26 to $0.65 on February 13. Continue reading “Another 1,000% Gain in 5 Weeks for an Early CBD Leader?”

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors”

MedReleaf Corp (OTCMKTS:MEDFF) Looks to Capitalize on Canadian Anticipation

Green Stock Chart

MedReleaf Corp (OTCMKTS:MEDFF) has been diving over recent weeks. MEDFF was one of the most dramatic outperformers into year-end, jumping from the $6/share area to around $25/share in just a few months close out 2017. However, 2018 hasn’t been particularly kind to MEDFF investors, with shares diving back down in short order to test the $12/share area, sharply undercutting the 50-day simple moving average. However, we are starting to potentially see the makings of a bounce, spurred in part by the introduction of a new product line. Continue reading “MedReleaf Corp (OTCMKTS:MEDFF) Looks to Capitalize on Canadian Anticipation”