Marijuana stocks soared towards the end of last week as news of former House Speaker John Boehner’s foray into the cannabis industry gripped the sector, sending pot stock investors into a fervor of excitement that was reflected in markets on both sides of the North American border. Some called it, arguably, the best week for U.S. cannabis stocks to date, as Boehner’s move was the clearest sign yet, to both weed stocks investors and the general public, that the political winds are shifting. Overzealous marijuana stock investors may even begin to wonder how much longer the forces of prohibition can hold out.
Still, the industry has a ways to go, and as pot stock investors have seen before, promising news is quote often followed up with that which is equally as negative. But last week was a time for cannabis stocks to celebrate. Considering the state of the industry today, these are the top five marijuana stocks you need to know about this week:
Keeping the faith is Beleave Inc. (CSE:BE) (OTCQX:BLEVF) who became the latest marijuana stock to receive its sales license from Health Canada as per the Access to Cannabis for Medical Purposes Regulations (ACMPR). A biotech company, this cannabis stock is a Licensed Producer through their wholly-owned subsidiary Beleave Kannabis Corp., with a facility in Ontario.
“We are thrilled to have obtained our sales license from Health Canada,” commented Beleave CEO, Andrew Wnek in a statement. “We have remained diligent and focused throughout the process. We are excited to be able to continue to move the company forward as a result of this news.” Furthering this pot stocks promise this week was the announcement that the company has granted 200,000 stock options for the purchase of common