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$CNBX Triggers Regulatory Scrutiny After Parabolic Spike

|Includes: Cannabics Pharmaceuticals Inc. (CNBX)

Cannabis stocks are off to a strong start in 2017, but, after peaking on Tuesday, they have given up some of the gains over the past two days. The Cannabis Stock Index began the year at 74.10 and closed on Tuesday at 99.21, representing an increase of 33.9%. The increase has been driven in large part by one of the 44 members of the index, Cannabics Pharmaceuticals (OTC: OTCQB:CNBX), which posted a return of 842% YTD at its closing price of $6.45 on Tuesday before extending to an all-time high of $7.60 and then reversing on Wednesday:

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