Every few months depending on the latest legislation Marijuana stocks heat up and when they do the usual suspects such as Cannabis Science, Inc (OTC: CBIS) Medical Marijuana, Inc (PINK: MJNA) and HEMP, Inc. (PINK: HEMP) explode on a huge increase in demand for the stock.
According to Bruce Perlowin, CEO of Hemp, Inc a Spike in Medical Marijuana and Industrial Hemp Stocks is projected for Entire Industry Sector "Two weeks before the election is when all the action starts. We have medical marijuana on the ballot in Arkansas, Missouri, Pennsylvania, Illinois, New York, Massachusetts, and Ohio. You have industrial hemp on the ballot in Colorado, New Hampshire, New Jersey and New Mexico. Then they're trying to legalize the recreational use of marijuana in Colorado, Washington and Oregon.
The activist organizations (Marijuana Policy Project, Law Enforcement Against Prohibition, Americans for Safe Access, NORML and many other groups) that run the campaigning for legalization have a very particular strategy; they wait until 2 weeks before the election and then start a massive media campaign... an all-out blitz to educate people so they can vote yes.
MJNA has been on fire in recent sessions moving from a start point of around $0.05 the stock has quickly risen over the $0.08 level with highs over $0.09 CBIS was trading for as low as $0.04 last week has risen over $0.06 on increased volume but dropped into the close today to the $0.045 level. HEMP has exploded in recent weeks from a start point of around $0.01 the stock has risen to highs near $0.04 per share!
As we get closer to the elections and the marijuana media blitz continues expect continued massive trading volume and upside for our three junior marijuana stocks!
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.