The Company Later Regained Its Otcqb Listing.

Penny Stock General Cannabis Triggers Regulatory Scrutiny Over Promotional Concerns Cannabis stocks have been on quite the tear, with the index  almost doubling from the levels near the end of August as traders gravitate to the sector in front of several state legalization initiatives next month. One of the big movers has been General Cannabis (OTC: CANN), which was formerly Advanced Cannabis Solutions.  The company has several divisions, the largest of which provides security solutions in Colorado. From August 31st until its peak this morning, the stock had appreciated by over 500%. Today, though, it has given up a lot of those gains: The stock quickly lost more than 1/3 of its value after the company a press release detailing the concerns of OTC Markets, where its stock trades: On October 12, 2016, OTC Markets informed the Company that it became aware of certain promotional activities concerning General Cannabis and its common stock. OTC Markets informed the company that it had received copies of promotional newsletter emails encouraging investors to purchase the Company’s common stock. The Green Rush Company has been informed that this promotional activity coincided with higher than average trading volume in the Company’s stock. The Company was unaware of the promotional activity until informed by OTC Markets and is unaware of the full nature and content of this promotional activity, the responsible parties and the extent of the email newsletters’ dissemination. The company’s CEO, Robert Frichtel, who filed a Form 144 to sell 100K shares and has sold 25K shares yesterday (not yet reported to SEC with a Form 4), stated that the company was not aware of the promotional activity until being alerted by OTC Markets. In early 2014, CANN was the first major cannabis stock to be suspended from trading by the SEC due to the activities of an unaffiliated third-party. The company later regained its OTCQB listing. Before this cannabis stock news is here, it’s published to subscribers on 420 Investor.

To read more visit https://www.newcannabisventures.com/penny-stock-general-cannabis-triggers-regulatory-scrutiny-over-promotional-concerns/

Here’s The Not-so-secret Reason Why Canada Has This Odd Marijuana Issue Recently, Health Canada Announced A Number Of Changes To Its Medical Marijuana Program.

The other issue is that a cannabis shortage provides the perfect opportunity for the black market to step in and illegally fill the gap. Trudeau has already proposed low taxes to keep pricing comparable between legal and black market weed, but if there’s not enough supply, there’s little that can be done. Even with the four Canadian producers listed above expanding their grow capacity considerably, it’d be a stretch to assume that all four will be up and running at full steam by July 2018. Here’s the not-so-secret reason why Canada has this odd marijuana issue Recently, Health Canada announced a number of changes to its medical marijuana program. With just 44 licenses issued, the regulatory agency that’s in charge of overseeing the welfare of its country’s citizens announced that it would approve more grow licenses and allow pot producers to Medical marijuana stocks essentially fill up their vaults as long as it could be done safely and securely. On the surface, this move by Health Canada seems to be a reaction to the idea that recreational marijuana could soon be approved. But dig a bit deeper and you’ll find there’s more to it than that. The real reason we could witness a marijuana shortage if Canada’s recreational weed bill passes is because a handful of Canadian medical cannabis producers have been exporting their product overseas. There are more than two dozen countries in the world with legal medical cannabis programs, but only Canada and the Netherlands have producers that are legally allowed to export their product to these countries. There are four Canadian producers that are currently exporting, including Canopy Growth, Aphria, Cronos Group, and Tilray. Germany provides the perfect example.

To read more visit https://www.fool.com/investing/2017/07/02/canada-has-a-very-odd-marijuana-problem-and-this-i.aspx