Over the weekend, lawmakers approved a measure to put up a barrier to the Justice Department from going after states where pot is legal for health reasons, IE medical marijuana. The $1 trillion spending bill included a plan to stop the Justice Department from spending any money to enforce a federal ban on growing or selling marijuana in states that have moved to legalize pot for medical use. As Congress shifts its views and America comes one step closer to state and federal autonomy, several stocks in the marijuana sector have found themselves hitting new “highs” in December.
Totally Hemp Crazy Inc. (OTCMKTS:THCZ) has employed Rhino Marketing as its selected marketing firm to roll out its hemp infused beverage products. Rhino has most notably worked on major international product launches and fast moving consumer retail products such as Wolfgang Puck Iced Coffee, Nissan, and the National Football League. Red Bull (that wing giving company) is also on Rhino’s record and for such a lofty firm like this working to launch a niche product like THCZ’s hemp infused products should speak volumes for the Company itself.
In recent weeks, THCZ has announced that upon completion of the pilot markets, the retail rollout will go nationwide with the expectation that the cans will be produced and ready to be shipped to the bottling company by January.
Over the course of December, Totally Hemp Crazy share price has been mixed with recent activity suggesting a new upward movement in price. Since Tuesday’s open, shares of THCZ have increased in value by as much as 32% to highs of $0.0099 on Wednesday.
Electronic Cigarettes International Group, Ltd. (OTCMKTS:ECIG) announced on Monday that its subsidiary, VIP®, opened its first dedicated ‘Blending Boutique’ located in East London, which is actually the first of its kind in the UK. The shop allows customers to blend their own e-liquid flavor and even offers an on-hand expert mixologist to help during the process. To the surprise of traders, the Monday session took an unexpected turn with the stock plummeting over 50% during the trading day to settle out at $0.0581.
However, as many other vape companies saw on Tuesday, the increased attention on the sector hit a fever pitch and ECIG shares jumped to highs of $0.117 before settling out the day at $0.1105. This marked a rebound in the stock by more than 100% during the 2-day swing. Though ECIG is still trading near its 52-week low, the stock has seen an increase in daily liquidity and may be starting to finally see some “light at the end of the tunnel” heading into the remainder of the year.
Hemp, Inc. (OTCMKTS:HEMP) announced on Tuesday that the Company will be one of the major sponsors at the 1st Annual “Cultural Creatives” Ascent Expo in Los Angeles, CA this coming February. “Hemp, Inc. is proud to continue our commitment to corporate consciousness, environmentalism, philanthropy and personal empowerment through our sponsorship of the 2015 Ascent Expo,” says Bruce Perlowin, CEO of Hemp, Inc. “This is the 1st Annual Ascent Expo and we anticipate many new innovative products and successful joint ventures. The Industrial Hemp and Medical Marijuana industries are definitely one of the subsets of the ‘Cultural Creatives’ movement which we will be showcasing in the ‘Hemp Zone’ at the Expo.”
Over the last three months, shares of HEMP have seen prices as high as $0.0625. During the month of December, price movement has been relatively static as a new sideways trend holds the market between $0.03-$0.04. This recent pull back from highs may have been a reaction (in the short term) to the company’s announcement in November that it will be refocusing the company’s mission on being the premier leader in industrial hemp processing
It’s very hard to ignore the recent momentum that the marijuana market has begun to gain over the last year. From vaporizers to edible treats, there is no shortage of opportunity within the industry. Heading into the end of America’s first year of marijuana legalization, there’s certainly been a lot learned and appears to be a lot more in store as 2015 begins to ramp up.
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