The cannabis industry has truly evolved through its first year of legalization. We've seen the good, bad, and ugly put so much pressure on the industry that investors have become incredibly savvy in terms of diligence prior to "jumping in the pool". 
~
Once a taboo marketplace is now attracting some major investments. Not only did Paypal co-founder Peter Thiel's Founders Fund invest in the industry but now we're seeing some of the big name, pro-cannabis celebrities continue to break down barriers and put their money into the market. Tommy Chong, the Marley family, and even successful Wall Street investors like George Soros are all putting up the "dough" for full legalization of cannabis in the US. With that, many cannabis companies have found a new momentum stride as the industry may be seeing its second boom.
 
Oxis Inernational Inc (OTC:OXIS) announced this morning that Dr. James J Mulé has joined the Scientific Advisory Board for its' wholly owned subsidiary, Oxis Biotech, Inc. Dr. Mulé served as Chair of the Cellular, Tissue and Gene Therapy Advisory Committee of CBER, FDA, and is a Special Government Employee of the NCI and the FDA. This is coming off of the heels from a recent announcement that Oxis had executed a worldwide exclusive patent licensing for certain assets for the treatment of Multiple Myeloma and initiated a consulting agreement with University of Pittsburgh's Professor, Dr. Xiang-Qun(Sean)Xie, one of the foremost cannabinoid research scientists in the world.
 
Both volume and price have seen movement over the last week. Wednesday's trading session saw highs of $0.03 on the stock's highest volume day this year. After an early morning pull-back, Oxis managed to rebound by over 10%, closing at $0.0275.
 
CannaGrow Holdings (OTC:CGRW) announced earlier this week that the company received approval of the Land Use Application from the Huerfano County Planning Commission. NuGro Industries stated that it felt confident that final approval will be granted and it was time to initiate the 25% non-refundable deposit to get the building scheduled for delivery. The completion of this Project will allow CannaGrow to begin generating revenues from the licensed Growers that will be sub-leasing the Turnkey Growing facilities that is being built to our specifications according to the Company.
 
CannaGrow stock price has been on an incredible rally over the last three months jumping from $0.04-$0.05 range to highs of $0.73. Following some profit taking it appears that the stock has continued to push higher, now up 10 cents from lows of $0.47.
 
mCig, Inc (MCIG) has also come across the radar of many marijuana stock investors. This month the company announced that it is rolling out its EM-J(TM), a new pre-loaded vaporizing pen thru its Colorado-based subsidiary mCig, CBD Technologies. According to Paul Rosenberg, mCig, Inc. CEO, the market for cannabis extracts is projected at $2 billion annually with expected growth to $10 billion by 2018, and the Company is well suited to become a dominant player in all aspects of the market segment.
 
Over the last 30 days, MCIG stock price has seen a rebound after late 2014 selling took the stock down to lows of $0.106. As of Wednesday's closing price, the stock is up more than 60%.
 
About MarijuanaStocks.com
 
MarijuanaStocks.com is the leading web destination for all things cannabis. Investors can find marijuana related financial, medical, legal, and social news anytime day or night. Writers are invited to submit cannabis related articles for publication.
 
Legal Disclaimer
 
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. DAMJ VENTURES LLC which owns www.MarijuanaStocks.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.
 
DAMJ VENTURES LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. DAMJ VENTURES LLC which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
 
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SOURCE: MarijuanaStocks.com

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