Medical Marijuana, Inc. (OTC Pink: MJNA) is engaged in the extraction, manufacturing, and marketing of cannabis and industrial hemp products in the United States. Shares of Medical Marijuana, Inc. are diving 27%, through afternoon trading on Thursday, November 10, 2016. Over the past three months, the marijuana company has seen average daily volume of nearly 25.72 million shares. However, nearly 58.8 million shares or dollar volume of $5.88 million, has already exchanged hands through afternoon trading on Thursday.
Shares of Medical Marijuana, Inc. are slipping today, after the company releases press about the results of marijuana initiatives on Election Day. The company’s CEO, Dr. Stuart Titus, was interviewed and featured on local San Diego, CA news channel and on “national and local ABC affiliates” to discuss the benefits of marijuana. Here is the full press release from Medical Marijuana, Inc.:
Medical Marijuana, Inc. Press Release:
SAN DIEGO, CA–(Marketwired – November 10, 2016) – Medical Marijuana, Inc. (OTC PINK: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that it has garnered national news coverage in major local and national TV news outlets across the United States about the sweeping electoral victory for marijuana reform across the nation, including the passage of California’s Proposition 64, which legalized marijuana for recreational use in the state.
Chief Executive Officer of Medical Marijuana, Inc. Dr. Stuart Titus was interviewed on CW 6 News San Diego and National and local ABC affiliates, speaking about the social and medical benefits of legalizing both recreational and medical marijuana.
“The sweeping passage of cannabis reform across the country is a major win for the cannabis industry,” said Chief Executive Officer of Medical Marijuana, Inc. Dr. Stuart Titus. “The voters have spoken and they’ve made it clear that they are ready for cannabis reform, moving forward the newest multibillion-dollar industry in the U.S.”
In a historic night on U.S. election day Nov. 8, voters in California, Nevada, Maine and Massachusetts passed recreational use of marijuana in their respective states, while Florida, North Dakota, Montana, and Arkansas approved medical marijuana initiatives. The combined estimated legal marijuana markets for these states is a billion-dollar market this year, with the total market surpassing well over $40 billion by 2020.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.’s portfolio and investment companies, visit www.medicalmarijuanainc.com.