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Cannabis Gains Ground after Favorable GWPH Data & Ongoing MMJ Legalization

Ryan Allway

June 24th, 2014

Policy, Top News

The Marijuana Index™ traded higher last week amid GW Pharmaceuticals plc’s (NASDAQ: GWPH) rally higher as well as broader gains across the industry.

Top gainers included GW Pharmaceuticals plc (NASDAQ: GWPH), which rallied more than 20% last week after reporting favorable preliminary data on its clinical trials, and Novus Acquisition & Development Corp. (OTC: NDEV), which extended its rally by about 11% this week. Losers last week included Tranzbyte Corp. (OTC: ERBB), which fell 8.3% on no news, and Fusion Pharm Inc. (OTC: FSPM), which gave up some of its strong gains from the prior week.

Cannabis regulatory initiatives also continued to gain ground last week. In New York, the legislature and governor agreed to a last-minute deal to legalize limited forms of medical marijuana for limited numbers of patients. Florida lawmakers reached a similar deal to legalize medical marijuana in a limited way as well, helping open the doors in more U.S. states. And finally, Hillary Clinton’s stance on the legalization of marijuana also appears to be lightening up.

What’s New?

  • Novus Aims to Fill Void in Cannabis Industry – CannabisFN profiles Novus Acquisition & Development Corp. (OTC: NDEV) and its plans to introduce a health insurance program geared towards medical marijuana patients.
  • Hillary Clinton Lightens Stance on Cannabis – Possible Presidential Candidate Hillary Clinton recently made comments that suggest her attitudes towards cannabis are evolving to be more liberal over time.
  • Intelligent Highway Solutions Targets Cannabis – After licensing a proprietary lighting solution for commercial applications, Intelligent Highway Solutions Inc. (OTC: IHSI) unveiled plans for cannabis growers.
  • New York Legalizes MMJ after 20 Year Battle – New York State legalized limited forms of MMJ for limited patient conditions, which if signed off on by the governor, would make it the 23rd state to legalize the substance.
  • CannLabs Expands into CT Testing Market – CannLabs Inc. (OTC: SDSPD) announced that it signed exclusive agreements with two of the four licensed cannabis businesses in Connecticut to provide lab and analytics services.

Exclusive Interview Series

In a recent episode of CannabisFN’s Executive Interview Series, Mike Elliott sits down to talk with Novus Acquisition & Development Corp.’s Andrea Lopez about the company’s plans to enter the medical marijuana insurance and compliance markets.

Click Here: Watch the Full Interview

CannabisFN’s Mike Elliott also profiled Intelligent Highway Solutions Inc.’s new lighting solutions that it has licensed for the cannabis industry, which could help growers reduce their electricity costs and improve their yields.

Click Here: Watch the Full Product Overview

What to Watch This Week

The cannabis sector moved higher last week after GW Pharmaceuticals plc reported its bullish news. While medical marijuana gains ground in the U.S., Canadian companies are also starting to see the fruits of the Marihuana for Medical Purposes Regulations (“MMPR”) that went into effect earlier this year. Investors could see more licensed producers become publicly traded over the coming quarters.

Upcoming Events

  • WeedStock Conference – June 29 to July 1, 2014 – The 1st Annual Cannabis Investor Conference in Denver, Colorado will feature networking events, industry speakers, expert panels, and more.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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