With more and more states are either legalizing marijuana or taking fairly significant steps to decriminalize its use, marijuana and marijuana related stocks are back in spotlight. For example, Cannabis Science Inc (OTCMKTS:CBIS) a leading firm in the same industry posted gains of more than 21% to close the day at $0.0176. The gains came at a share volume of 34.11 million compared to average share volume of 23.95 million. The effect of the blooming Medical marijuana industry can be felt on stocks such as Cannasys Inc (OTCMKTS:MJTK) as well.
Cannasys Inc (OTCMKTS:MJTK) is experiencing larger than expected trading volume with more than 26K shares exchanging hands compared to average share volume of 6,461.
Cannasys reported that it is showcased in the inaugural print of Canna Investor Magazine, a recently introduced magazine focused on offering investors, with information on selected publicly traded firms serving the regulated cannabis market. The magazine, is developed to aid investors navigate the changing landscape of the much-hyped cannabis industry and offer educational tools to assess individual firms serving the sector.
Cannasys, a popular software, branding and marketing firm serving the regulated and legal cannabis market, is one of only 3 firms featured in the magazine launch issue. Michael Tew, the CEO of Cannasys , said that the publishers of magazine have done a remarkable job highlighting the Cannasys story. They are thrilled to be featured in this introductory issue of this leading investor magazine for the regulated cannabis industry. The experts believe that there is considerable opportunity for Cannasys in coming period as the company executes strategic plans targeting the regulated cannabis industry.
After weeks of release of the new PR, the stock of Cannabis Science yesterday posted a strong green session. It appears that investors are now excited to learn that more than 3000 shareholders have requested to get a loyalty gift of shares from company’s CEO, Raymond C. Dabney. This number of requests doesn’t comes as a surprise as some of the investors have spent many years for the dividend payout with a record date of December 31, 2010.