Pot Penny Stocks Smoking On Rise Of Legalization

Marijuana use being legalized by some states. 4 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Pot penny stocks smoking on rise of legalization Matt Krantz , USA TODAY 6:31 p.m. EST January 8, 2014 Marijuana use being legalized by some states. (Photo: AP Canada) Pot-related stocks are on the move Speculators interested in recent moves to legalize the drug Investors are advised to stay away from these investments despite recent gains 85 CONNECT 29 TWEET 1 LINKEDIN 4 COMMENTEMAILMORE Moves to legalize marijuana use is getting a variety of penny stocks high. The stocks have been heating up following Colorado’s move to be the first state to legalize the recreational use of marijuana. But be careful: You could get burned. The stocks sell on lightly regulated marketplaces, namely the OTCPink, a market place more commonly known as the Pink Sheets, and the OTC Bulletin Board. These marketplaces are not full-fledged exchanges, meaning they lack many of the investor safeguards found at the New York Stock Exchange and Nasdaq. The dangers of trading in penny stocks, though, haven’t seemed to slow some traders down. One big winner has been GreenGro Technologies, which makes a variety of equipment used to grow plants, including marijuana. A stock connected with the marijuana trade that’s not a penny stock is Medbox, which closed down $20.80, or 28.15%,to $53.10 a share, on Wednesday. The company makes dispensing machines that can be unlocked by consumers using biometrics, including fingerprints.

To read more visit http://www.usatoday.com/story/money/business/2014/01/08/marijuana-pot-drug-legalize-colorado/4374977/

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