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Marijuana Stocks Rise on Election Results

A game changing election result rocked the stock market. First stocks fell, then ended nearing record highs. But no stocks benefitted more than stocks in the cannabis industry, which rose significantly on the legalization of marijuana in for states: California, Massachusetts, Nevada and Maine. Arizona was the only state voting on recreational marijuana that rejected the initiative. But the rest of the states were all in.

Here are some big winners:

Shares of Pineapple Express Inc. (OTCBB: PNPL) rose and closed over 34%. Pineapple Express. Cannabis Corp. (OTCBB: CNAB) shares were up more than 13% while American Cannabis Co. (OTCBB: AMMJ )  rose nearly 8%.  Shares of CNAB and AMMJ dipped later after a mini sell-off, but investors who haven’t looked into the cannabis space before the election shouldn’t think that they missed the boat. In fact, the boat –and the upside of pot stocks—just got much bigger.

Marijuana stocks will gain steam overall as legalization becomes implemented. Investors should look into stocks in the cannabis testing space in particular, a space that is going to explode as these pot-friendly states continue to implement mandatory testing of marijuana and marijuana products in the wake of this industry changing election result.

For the best information on the exploding cannabis market visit out sister site at http://www.potnetwork.com

Gregory Bergman
Gregory Bergman is a writer and editor with extensive experience creating, producing, and managing exceptional content in all formats across all markets for media companies, entertainment companies, financial services firms, and websites, among others. He is the author of 13 books including a bestselling book series. He served as Managing Editor of a national financial publication where he was directly responsible for overseeing all articles both online and in the print publication.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Gregory Bergman

Gregory Bergman
Gregory Bergman is a writer and editor with extensive experience creating, producing, and managing exceptional content in all formats across all markets for media companies, entertainment companies, financial services firms, and websites, among others. He is the author of 13 books including a bestselling book series. He served as Managing Editor of a national financial publication where he was directly responsible for overseeing all articles both online and in the print publication.

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