CORAL GABLES, FL / ACCESSWIRE / November 12, 2014 / Despite factors involving the recent election and a republican senate coming into power, fears of the potential backlash from a new controlling party have begun to subside. The pull-back in price and volume across most of the marijuana industry has seen more of a reversal over the veteran's day week and several stocks have finally begun to maintain a level of support and with other even seeing an outright uptrend in price. One thing's for sure and that is this market is still incredibly "green"; no pun intended. Traditional hedgefunds like Blackstone Group and KKR may still have yet to commit fully to the belief that this is more than just a fad but as thousands of investors continue to flock to marijuana stocks, volatility remains strong and there continues to be plenty of opportunity for making money from all corners of the industry. Beit cultivation or consumer goods, this is one market that has just begun to boom.
American Green Inc. (OTC:ERBB) recently announced that it was selected by Urban Hills to manage their cannabis cultivation site in Nevada. The agreement is slated to bring American Green at least $20,000 in monthly revenue. Since hitting lows in October of $0.0115, the stock has jumped as high as $0.0223. It seems as though this announcement has sparked re-interest from the investment community as the stock has recently gone on the rebound once again after suffering a period of sell-off from last week. Despite this volatility, ERBB is still up 391% year to date and continues to progress as the Company builds on its business model.
Cannagrow Holdings, Inc. (OTC:CGRW) has seen a flurry of buying over the last two weeks, which sent the stock skyrocketing from roughly 6 cents to a high on Monday of $0.26. As with all things, market corrections need to happen and for Cannagrow the stock saw what looks to be early signs of a pull-back during the Tuesday afternoon session. It would appear that the Company's most recently announced chare cancellation has been of lesser interest to investors. During Tuesday's trading, Cannagrow saw a brief high of $0.22 before dropping to lows of $0.17.
Industry newcomer MJ Holdings, Inc. (OTC:MJNE) saw its first few days of active trading this month. Since Friday the stock has traded about 1,000 shares in total. The Company specializes in real estate products for the cannabis industry and announced in October that it had financed a pre-negotiated lease with a high-end medical and recreational marijuana dispensary in Colorado (Lightshade). "There is a critical need in the burgeoning cannabis industry to have both mature financial support and access to high quality real estate. At MJ Holdings, Inc. we're dedicated to both elements of the business. The Havana Street property is an ideal location for a dispensary because of its visibility in the city of Aurora," said Adam Laufer, Co-Chief Executive Officer at MJ Holdings, Inc.
Maryjane Entertainment (OTC:MJMJ) has recently seen volume build. The company specializes on the entertainment side of the industry and though it does not sell or distribute medical or recreational marijuana, its customers can enjoy a nice tour of a grow facility and cap the night off with cannabis cookies and milk at one of Maryjane's "bud and breakfasts". Most recently the stock has seen an increase in price of 330% from the beginning of October to the close of the market on Tuesday (11-11). Besides the information on its corporate website, there doesn't seem to be to much more on the company as far as recent developments go. This could just go to show than sentiment in the market has turned more positive and marijuana stocks may be starting to generate positive attention once again.
While some investors remain skiddish about diving back into the marijuana market, others are making money by taking advantage of open opportunities and an increase in market volatility. The beginning of the year brought rise to the "wild west" of marijuana trading but through the thick and thin, through the battles for legalization, and through the growth & development of this burgeoning industry, investors have become savvy to the true opportunity that this industry holds. For smart investors, well placed investments and timely trades have paid off and in the end, this is just the beginning of a whole new industry to capitalize on.
About marijuanastocks.com
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.
Legal 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. DAMJ VENTURES LLC which owns www.MarijuanaStocks.com, 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. DAMJ VENTURES LLC which owns www.MarijuanaStocks.com, 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. DAMJ VENTURES LLC which owns www.MarijuanaStocks.com, 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.
Contact Information:
marijuanastocks.com
800-539-4313
pr@marijuanastocks.com
SOURCE: MarijuanaStocks.com