Cannabis stocks began the week trying to get into the rally mode, with about 52% of the group advancing. There were 10 double-digit percentage gainers and only 2 double-digit percentage losers. Stocks with volume above the 30-day average fell to 29%, with 7 stocks trading over $5mm in value.

Vapor group (SPLI) raced ahead again, leaving another gap behind it for the second straight day as volume increased slightly and the stock continued to reflect the clarification from last week regarding the share structure. Dewmar International BMC (DEWM) bounced back from recent steep losses, with volume shrinking marginally. Terra Tech (TRTC) blasted to a new high on very heavy volume. Growlife (PHOT) posted a record closing high as volume jumped. Of note, GW Pharma (GWPH) posted an all-time high, with investors anticipating a favorable reaction from the CNN special tomorrow evening with Dr. Sanjay Gupta (Weed 2).

CannaVest (CANV) fell again, with the impetus most likely a negative in Forbes that detailed some issues for CEO Michael Mona. High-flyer mCig (MCIG) gave up ground again, correcting a portion of its recent run-up as volume fell but remained above the 30-day average. Stevia (STEV) endured a nasty reversal after posting a new high, pulling back as volume accelerated. Aero Grow (AERO) gave up some of its gains from Friday as volume picked up.

Press Releases:

Interested in Cannabis Stocks?

Learn about the risks and opportunities

The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis. For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates. Find out why 420 Investors are addicted to the service. To learn more about the sector, download your free guide.

Check us out on Facebook too!