Marijuana Stocks To Have In Your March Portfolio

CORAL GABLES, FL / ACCESSWIRE / March 15, 2016 / Marijuana stocks have been making a major comeback in 2016. Many are comparing it to the boom we saw in 2014. With the presidential elections approaching and new legislations, the cannabis debate is attracting mainstream media exposure similar to 2014, the year of the “Green Rush”. According to multiple reports, the legalized marijuana industry may potentially be prime to quadruple by the year 2020. Companies that were once at the forefront of the marijuana industry are starting to re-ignite the rapidly growing sector back to life.

CannaGrow Holdings Inc. (OTCMKTS: CGRW) a Liaison and Consultant providing turnkey solutions to licensed growers in the cannabis industry has recently announced an update on their Colorado Buffalo Ranch Project. The CEO of Cannagrow Delmar Janovec confirmed that NuGro Industries Inc., the owner and developer for the current Colorado Buffalo Ranch Project executed a purchase order through the International Greenhouse Company (IGC) for the initial three of six greenhouses set for Phase I & II build out. Cannagrow CEO stated, “We intend to have the greenhouses erected and fully functional for seasonal production starting this spring, with first harvest in the Autumn,” explained Dr. Janovec. “In addition, the installation of Modine BTU gas heater units in each of the three (3) greenhouses will enable extension of the growing season and harvest potential into the early winter months.” Over the last 30 days CGRW has rallied 17% from lows of $0.39 in Mid February to highs of $0.46.

Cannabis Science, Inc. (OTCMKTS: CBIS)- a U.S based company that specializes in the development of cannabis-based medicines has been able to rally off of GW Pharmaceuticals (GWPH) recent achievements in their phase III testing of a CBD-based medicine to treat patients with rare forms of Epilepsy. This allowed companies like Cannabis Science to go ahead and move forward with their own testing in Europe as well as the United States. This also benefits the company because it permits for a faster regulatory process in result to additional research being made accessible for regulators as well as more experience with these types of treatments. Cannabis Science continues to work on their testing for its own CBD- based products currently in California. CEO, Raymond C. Dabney quotes, “We couldn’t be happier with GW Pharmaceutical’s success today. As these positive results continue to be found in pivotal studies, public and regulatory perception opens up to the effectiveness of CBD in treating disease, both physically and mentally.” Since the beginning of March CBIS has rebounded 92.07% from lows of $0.0102 to highs of $0.0194 as of Monday March 14th.

Terra Tech Corp. (OTCMKTS: TRTC) a company that focuses on legal hydroponic crop produce as well as cannabis products, has recently announced on March 8th that the company will have its grand opening for it’s first Cannabis Dispensary in Nevada. Terra Tech CEO Derek Peterson noted, “We are excited to launch of our first medical cannabis dispensary in Las Vegas. This is an extremely important market for us as Nevada formally recognizes the patient status of non-residents, opening up our addressable market significantly. Our dispensary will offer the highest quality medical cannabis products which, coupled with our staff’s extensive knowledge of how different strains and products can treat various ailments, will enable our patients to choose the right medicine for them. We encourage members of the local community that have an interest in the health benefits of cannabis to stop by our retail dispensary on April 20th to hear more about our offering.” In the last month TRTC has seen increases of 44.96% hitting lows of $0.125 to highs on Tuesday March 15th of $0.1812.

There is no doubt that Cannabis stocks took its fair share of beatings in 2015. But it looks to be that the Cannabis sector has found its second wind in 2016 and former industry leaders such as CannaGrow Holdings Inc (CGRW), Cannabis Science Inc. (CBIS) and Terra Tech Corp. (TRTC) are starting to emerge back at the forefront in the month of March.

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