So this post from yesterday is at least good news with getting TAUG's name out and in articles. Plus, with the FDA agreeing to review (which has been going on for months now) is also great news for the sector. Lets hope for another strong day today....go TAUG!
Marijuana Sector Positioned to Move Higher as FDA Reviews Drug's Status.
June 30, 2014 9:30 AM
WHITEFISH, MT / June 30, 2014 / The Marijuana Index(TM) traded marginally lower last week after MedBox Inc. (OTC:MDBX) and CannaVEST Corp.’s (OTC:CANV) moves lower offset GW Pharmaceuticals plc’s (NASDAQ:GWPH) modest gains.
Top gainers included Tauriga Sciences Inc. (TAUG), which jumped more than 60% after saying that it remains on track with its Honeywood acquisition to commercial products in the medicinal cannabis sector, and Vape Holdings Inc. (VAPE), which jumped more than 40% after reporting results from the soft launch of its e-commerce website HiveCeramics.com last week. The largest decliners included Easton Pharmaceuticals Inc. (OTC:EAPH), which fell nearly 20% last week.
Cannabis regulatory initiatives and news were mixed last week. While the United Nations warned about a rise in cannabis-related medical cases following legalization efforts, the U.S. FDA indicated that it would reconsider marijuana’s status as a Schedule I Controlled Substance. Legalization efforts have also gained ground in many U.S. states, with Oregon and Alaska becoming two battlegrounds for recreational legalization efforts over the coming year.
