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The author of Stockerblog worked for over 20 years in the financial services industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written numerous articles for the... More
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  • Marijuana Stocks Crash In April 1 comment
    May 5, 2014 1:05 AM | about stocks: CANN, CANV, CBIS

    If you have been following the Marijuana Stock Index, which can be found at, over the last few months, you would notice that the pot stocks increased substantially during the first couple months of the year. However, during the month of March, the cannabis companies started to drop off, and in April, they really tanked.

    According to the Marijuana Index, a dozen of the 21 stocks in the index dropped in excess of 30% over the last couple months, with several dropping by over 50%. For example, Advanced Cannabis Solutions (OTCQB:CANN) dropped by 53%, Cannabis Science Inc. (OTCPK:CBIS) dropped by a similar amount, and CannaVEST (OTCQB:CANV) fell by 87%.

    The overall Marijuana Stock Index tanked by 43% during the last two months, whereas the S&P 500 was up by 1%. Interestingly, the Marijuana Stock Index is still outperforming the S&P 500 from the beginning of the year, with the Marijuana Index up 17% and the S&P up just 2%. Some of the stock are still up substantially from the beginning of the year in spite of the March and April drop, with more than ten rising over 100%.

    To see the free list of all 21 stocks in the entire Marijuana Stock Index, go to Also available is the Big List of marijuana stocks, which has over 100 cannabis stocks.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • Green&Golden
    , contributor
    Comments (39) | Send Message
    Might bounce eh? The major hype of these companies was at the beginning of the year - but now we are looking at fundamentals, and there are none yet. Of course these stocks would crash - I didn't see it though because a crash was not easy to see before the event!


    Legalization at many roads.
    Walls are crumbling.
    New Jersey, Florida now


    Minnesota Oklahoma next Plus MANY more!!!


    Everything will bounce, that graph doesn't look like any I have ever seen because they ALWAYS bounce.
    5 May 2014, 01:54 AM Reply Like
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