{"id":2471,"date":"2013-09-06T14:11:23","date_gmt":"2013-09-06T14:11:23","guid":{"rendered":"\/?p=2471"},"modified":"2013-09-06T14:11:30","modified_gmt":"2013-09-06T14:11:30","slug":"medical-marijuana-inc-otcmktsmjna-scrapes-along","status":"publish","type":"post","link":"\/articles\/medical-marijuana-inc-otcmktsmjna-scrapes-along\/","title":{"rendered":"Medical Marijuana, Inc. (OTCMKTS:MJNA) Scrapes Along"},"content":{"rendered":"

\"88MJNA_chart.png\"Yesterday was another calm day in green-leaf land, with Medical Marijuana, Inc. (OTCMKTS:MJNA<\/a>) hovering along the $0.15 mark throughout the session, then taking a small dip near the closing bell to end the day 2% down, at $0.154 per share. <\/p>\n

Last Thursday’s announcement made by the Department of Justice that federals will not interfere with state-specific marijuana laws so long as certain reasonable provisions are met made a large splash in the sector but its ripples seem to have died out just as quickly. MJNA<\/a>, along with just about every company that is in any way related to the sector, spiked and dropped within less than 24 hours and all went back to normal.<\/p>\n

Tuesday’s news release from MJNA<\/a> that its portfolio company and CannaVest distributor – HempMedsPX, will be a representative for MJNA<\/a> at the natural product expo in Baltimore did not manage to cause a stir in volume or price action and MJNA<\/a> ended the session virtually flat, moving up by less than 1%.<\/p>\n

The news from Mr. Holder and his colleagues are an encouraging push in a direction that suits the sector’s needs but it was hardly the end-all for the marijuana worries debate. MJNA<\/a> remains one of the best positioned companies in the industry but this does not equal a guarantee for success in the long run. Still, after last week’s price rumble, the stock managed to balance it out at a level a little higher than before the surge and stayed a couple of cents higher.<\/p>\n

MJNA<\/a> stock opened up today, dipped back under the previous close for a moment and is currently 0.6% up in early trading.<\/p>\n

\"74AFFY_chart.png\"Other companies that held investors’ attention yesterday include Affymax, Inc. (OTCMKTS:AFFY<\/a>) who closed 1% in the red on dollar volume of $1.4 million. Patient Safety Technologies, Inc. (OTCMKTS:PSTX<\/a>) managed a 10% climb, ending Wednesday at $2.20 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday was another calm day in green-leaf land, with Medical Marijuana, Inc. (OTCMKTS:MJNA) hovering along the $0.15 mark throughout the session, then taking a small dip near the closing bell to end the day...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[735,8,980],"class_list":["post-2471","post","type-post","status-publish","format-standard","hentry","category-news","tag-affy","tag-mjna","tag-pstx"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2471"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2471\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}