The Marijuana Index(tm) was mixed last week, as index heavyweights GW Pharmaceuticals plc (NASDAQ:GWPH) and Medbox Inc. (MDBX) gave up some of their earlier gains towards the end of the week.
Top gainers included Cannabis Sativa Inc(OTCBB:CBDS), which jumped 80% after completing its acquisition of Kush and naming former New Mexico Governor Gary Johnson as its CEO, and Easton Pharmaceuticals Inc. (EAPH), which jumped 65% after announcing that its medical marijuana facility build-out was nearing completion per Health Canada’s guidelines prior to inspection.
Cannabis regulatory initiatives continued to gain ground, although there have been some concerns that have arisen. For example, Washington State faces a number of growing pains associated with its recreational marijuana rollout, while some energy companies are expressing concerns that marijuana growers are and would continue to put a strain on the nation’s energy grid if left unchecked.
Tags: Cannabis Sativa Inc (OTCBB:CBDS)
Cannabis Sativa Inc (OTCBB:CBDS) Soars 40% On Solid Volume
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