Tauriga Sciences Inc (fka TAUG)

[DrZem]

"I posted earlier today an article about several states legalizing marijuana. Could this news be part of the reason for the pps increase as it could hold out some hope for the taug proposed cannabis oil product?"

I don't think so. The ballot issue for all of those 4 states was principally about recreational use of marijuana (i.e. getting high, like getting drunk).

TAUG announced, a few weeks ago, their intent to sell a muscle relaxant that included an extract of marijuana known as CBD. This extract does not get anyone high, although many buy it, mistakenly thinking that it does.

My understanding is that the US Drug Enforcement Agency (DEA) prohibits shipping marijuana-based products (including those based on CBD) into a US state from any source that is not in the state. That makes distribution of CBD oil based products a distribution nightmare.

So, IMO, the odds of the recently changed marijuana laws in 4 US states affecting today's TAUG's share price increase are very small.