The cannabis sector rallied again, but volume was significantly below recent levels. Interestingly, the stocks with the highest relative volume were also those that rallied the most, while only one of the declining stocks saw a jump in volume. There were 7 double-digit percentage gainers and just 1 double-digit percentage loser. The majority of the stocks rallied, but only 17% of the stocks had volume above the 30-day average, with just 5 stocks trading over $5mm in value.

Speculative names led the list, with Latteno Foods (LATF) posting above-average volume as it closed near the high of the day. MediSwipe (MWIP) was boosted by a paid research report, with volume more than twice the norm. FusionPharm (FSPM) reacted favorably to the announcement of a manufacturing capacity expansion.

Medbox (MDBX) fell as volume expanded, posting the lowest close since January 2nd. GW Pharma (GWPH) fell on the highest dollar volume traded in the sector. PharmaJanes extended the weakness from yesterday as volume decline significantly.

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