MJStocks Wednesday Update – September 19, 2018
Connect The Dots Recap & What To Look For In The Week Ahead
The momentum in the cannabis market continues to surge with no signs of a slowdown in sight. Our recent Connect the Dots feature (ICNAF/ICAN) gained nearly 3.5% today and is now up about 19% since the article’s publication. Trading volume remains much higher than average following an announcement that the Company completed development of a market-ready THC-infused spray product and the required licensure for manufacturing of the product in Colorado. There are a couple of key technical indicators that appear to be pointing towards a continued bull market for ICNAF/ICAN.
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States With Pending Cannabis Industries
The cannabis industry has been working with new legislation to begin pushing the industry forward throughout the U.S. For some time now, many states have been fighting for laws that work in favor of the cannabis industry due to the overwhelming support from the public. Recent polls have shown that the number of the public that supports cannabis has shot up massively over the course of the past ten years, but many laws have yet to reflect this. California has been hailed as the father of cannabis legislation after becoming the first state to allow medicinal cannabis back in 1996. Since then, the state has been looked at as an example for the rest of the industry to look at.
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The Summer of Marijuana Stocks Ends on a High Note
The cannabis market has continued to astound investors with its high return rates and massive amount of innovation toward the future. Many companies have managed to move to the forefront of the industry as the space continues to grow with new investments coming in from around the world. Much of the anticipation filling the space currently is coming from the impending sale of recreational cannabis throughout Canada. This is scheduled to begin as soon as October 17th, which means that now is a better time than ever to take a look at cannabis.
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Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 6 months beginning September 4, 2018, and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company.
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