The World Health Organization recommended the re-scheduling of cannabis and some of its main components, recognizing the plant’s medical potential and acknowledging the need for further research around it, only days after the Israel approved a plan to export cannabis. On the markets front, Slang Worldwide Inc (CNSX: SLNG) started trading in Canada.
“The successful SLANG Worldwide IPO is just what the cannabis community needed,” Debra Borchardt, CEO of Green Market Report, told Benzinga. “So many of the IPOs and RTO’s we’ve seen over the past six months have been busts. The stocks fell below the initial stock pricing and found it hard to get strong support in the market. Slang’s share rose 33 percent on its first day. Either it was priced too low or investors saw a real opportunity here.”
Marijuana Indexes ETFs
The United States Marijuana Index, which tracks most of the largest marijuana stocks in the U.S., gained 4.4