Tuesday, July 22, 2014

Cannabis Stocks Edge Higher Last Week Led by Nuvilex & Entertopia


Jul 22, 2014 (ACCESSWIRE via COMTEX) WHITEFISH, MT / July 22, 2014 / The Marijuana Index(TM) moved slightly higher last week, despite a 7% drop in GW Pharmaceuticals plc (NASDAQ: GWPH) shares. Medbox Inc. (OTC: MDBX), the second largest component of the index, also fell over 5% last week. Top gainers last week included Nuvilex Inc. (OTC: NVLX), which jumped more than 16.5% after reporting positive results in dogs for its anticancer treatment, Enertopia Corp. (OTC: ENRT), which jumped more than 13% after receiving municipal approval for its MMPR joint venture in Burlington, Ontario, and Novus Acquisition & Development Corp. (OTC: NDEV), which rose more than 12% last week. Cannabis regulatory initiatives also gained ground last week. In a favorable swing, the U.S. House of Representatives voted to support making it easier for cannabis-related companies to access the commercial banking sector. A new survey also found that U.S. citizens are increasingly embracing both medical and re
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