There have been some developments in a handful of cannabis related companies in the past few days. This will be an interesting industry to watch as there are a reported 20 states with marijuana reform on the ballot this November.
Medical Marijuana, Inc. (MJNA)
The Mexican government has approved 22 more import permits for MJNA's CDB oil product to treat mostly cases of epilepsy. This will be on our radar as more updates come out regarding the changes to the original marijuana reform bill in Mexico, due for a new vote in September.
GrowLife, Inc. (PHOT)
A few days ago, PHOT announced a new subscription service targeted towards new indoor cultivators. This service offers start-up equipment as well as ongoing supplies to up-and-coming growers. This could offer an additional revenue stream for PHOT.
Hemp, Inc. (HEMP)
A week ago, the SEC charged HEMP, its CEO, and other affiliated persons of various manipulation tactics with the stock. While the stock has not been halted, we will keep investors posted on any updates on the matter.
American Green, Inc. (ERBB)
ERBB announced today that they would begin seeking testers for their new American Green Xpress mobile phone app. They plan to use this app within the American Green network of dispensaries as well as well as license the technology to third parties.
Ammerican Cannabis Company, Inc. (AMMJ)
Today AMMJ announced that they received a new contract to provide operations consulting and design services for a new facility as well as future facilities including both medical marijuana cultivation as well as manufacturing of infused products. This new client should provide a boost to AMMJ's revenues.
Nearing this year's election, we will be keeping this growing industry on our radar. We will be sure to update readers on any movement we see happening within the industry.
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