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Cannabis Support on the Rise as Nuvilex and mCig Move Higher

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Cannabis Support on the Rise as Nuvilex and mCig Move Higher

WHITEFISH, MT / September 8, 2014 / Cannabis stocks moved largely lower over the past week amid ongoing profit taking following the industry’s run-up over the past year. Top gainers for the week included Nuvilex Inc. (OTC: NVLX) earlier in the week following its application for orphan status for its pancreatic cancer treatment and mCig Inc. (OTC: MCIG) late in the week following the trademarking of two brands.

On the regulatory front, a recent poll by Civic Science analyzed a sample of nearly 500,000 U.S. adults over the past two years that held a view on marijuana legalization. The results showed that 58% would support legalization, 35% would oppose it, and 7% have no strong opinion. Meanwhile, select Illinois residents can now apply for medical marijuana licenses beginning September 2, 2014.

What’s New?

Lexaria Outlines New Medical Marijuana Policies – Lexaria Corp. (OTC: LXRP) recently announced new corporate policies regarding the responsible use of medical marijuana that could set the standard for the industry.

Legalized Marijuana Could Reduce Prescription Overdoses – New research shows that states with legalized medical marijuana have lower rates of fatal overdoses from prescription medications.

Organigram Begins Trading in the U.S. and Canada– Organigram Inc. (OTC: OGRMF) began trading in the U.S. and Canada as a licensed producer under Canada’s newly implemented Marihuana for Medical Purposes Regulations.

Women May Be More Sensitive to THC in Marijuana– New research shows that women may be more sensitive to THC than men, which makes them more susceptible to the associated negative side-effects.

Affinor Growers Adds Former Medbox Exec as Consultant – Affinor Growers Inc. (OTC: RSSFF) recently announced the addition of former MedBox Inc. (OTC: MDBX) CEO Dr. Bruce Bedrick as a consultant.

Study Shows Marijuana May Be Addictive – Marijuana has been long touted as a non-addictive drug, but a new study challenges that theory after following the outcomes of 127 teens treated for outpatient substance abuse.

Endexx Expands Investor Awareness Efforts – Endexx Corporation (OTC: EDXC) recently announced that it would be presenting at the Aegis Capital 2014 conference after receiving its first order of organic high-grade CBDs.

What to Watch This Week

Many cannabis stocks moved lower over the past week as profit taking continues in the space, but companies in the space are still making operational progress. On the regulatory front, public support for cannabis is on the rise as more patients enroll in medical marijuana programs across the country. Investors are hoping that these trends ultimately help cannabis stock moves higher over the long-run.

About CannabisFN

Brought to you by TDM Financial, a financial media group with over a decade of experience educating investors, profiling public companies, and developing specific investors audiences, the Cannabis Financial Network (CannabisFN) is the largest dedicated financial network covering the cannabis and medical marijuana (MMJ) industries. CannabisFN educates both investors and business developers on industry news, thought leader and executive insights, and the fluid regulatory environment while serving as a leading corporate communications platform to public and private companies operating in the industry.

To learn how your company can be covered on CannabisFN, visithttp://www.cannabisfn.com/market-defining-companies-program. To subscribe to the CannabisFN newsletter or read additional coverage on cannabis laws and investments, visit http://www.cannabisfn.com.

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 may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:http://www.cannabisfn.com/legal-disclaimer/.

SOURCE: Emerging Growth LLC

 

Source: Accesswire IA (September 8, 2014 – 12:01 PM EDT)

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