Beyond Med Technologies Inc (DOCKF)

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Nasdaq Cannabis Stocks Rally After Medical and Recreational Bill Passes

The Street: Recommendations

MassRoots (MSRT) has been called the Yelp of the cannabis industry and its mobile app can be downloaded only in states where medical cannabis is legal.

"The election will be a catalyst for MSRT because its user base and businesses network will benefit from ballot initiatives passing in California, Florida, Massachusetts, Nevada, North Dakota and Arkansas," Berger said.

Three other stocks to keep an eye on include Kush Bottles (KSHB) , which is focused on providing exit bag products that are in compliance with regulations; Finore Mining Inc. (FIN: CSE) (FNREF: OTC); and Terra Tech ( (TRTC) ).

"We see a lot of opportunity for growth now that new state markets will open and existing markets will expand and develop," he said. "We are favorable on Kush Bottles due to the product it provides, its geographic diversity and its continued execution and shares should continue to move higher off this news."

Finore Mining is likely to benefit from the passage of Proposition 64 following its acquisition of KushTown USA, a California-based cannabis infused products company whose products are sold in more than 500 dispensaries across the state. The company is focused on penetrating new markets within California as demand for cannabis infused products continues to grow, Berger said.

Terra Tech is levered to the results in California and Nevada through its multiple subsidiaries. The company's Blum medical cannabis collective has one location in California and four locations in Nevada with two that are already operational. "TRTC will also benefit as we expect to see its IVXX subsidiary sell more cannabis products out of its California and Nevada dispensary locations," Berger said.

https://www.thestreet.com/story/13887089/5/nasdaq-cannabis-stocks-rally-after-recreational-and-medical-use-passes.html