Cannabis stocks have tapped into the “taboo” of a market that was once considered illegal across the nation. Though many states continue to hold consequences for using or selling the drug, the sentiment surrounding cannabis has drastically changed since “the war on drugs” was initially launched. Today there are many companies jumping in head first to take advantage of a new industry boom and what many have called the new prohibition. There isn’t any lack of creativity or innovation in the space either. Companies like FBEC Worldwide Inc (OTCMKTS:FBEC) and TOTALLY HEMP CRAZY (OTCMKTS:THCZ) have focused on hemp infused beverages while other companies like the MaryJane Group Inc (OTCMKTS:MJMJ) have targeted tourism for tapping into the space.
FBEC Worldwide has focused on novel and proprietary blends to offer one of a kind hemp infused beverages in the form of a 2 oz energy shot. Most recently they entered into an agreement with California-based J&D Labs, Inc. in aiding the company with its processes to manufacture hemp-based nutraceuticals. After having placed Robert Sand as the new CEO of the company, FBEC has been working to “clean up” several things including any “unfavorable debt” that was left from the previous leadership. With a history of leadership including 3 years in the US Military, Mr. Sand has focused on building FBEC into a revenue generating company to create value for both FBEC and its shareholders, according to recent press releases. During the course of the last 30 days, shares of FBEC Worldwide have seen prices as high as $0.12 with a current price channel between $0.05 and $0.07.
Totally Hemp Crazy has also begun to firm up operations in the hemp beverage space but looks to harness the market that purchases traditional energy drink in cans as opposed to two ounce shots. In an announcement earlier this week, Jerry Grisaffi, Founder of Totally Hemp Crazy, stated, “We are receiving numerous calls from potential distributors and retailers that are interested in the Rocky Mountain High hemp-infused brand line-up of beverage products. We now have distribution in thirteen states and have produced almost 2 million cans year to date. In just three short months, we have conducted three production runs of the Rocky Mountain High hemp-infused beverages, we have introduced four flavors of our products into the marketplace, and twenty-one distributors are currently selling our product. With only fifteen days left in the quarter, we are on track to achieve our bold sales quota. We continue to work on negotiations for other large deals.”
During 2015 shares of THCZ have seen highs of $0.32 with more recent trading between $0.11 and $0.15
The MaryJane Group has seen an uptrend in trading volume recently. Since announcing the first cannabis resort to open in July, interest from both investment and entertainment media have begun to follow the story. Shares of MJMJ have run up from lows of $0.0013 earlier this month to highs of $0.0137; over 950%. The cannabis hospitality space has been gaining momentum since legalization was approved in Colorado last year. Tourism and travel have brought rise to new business opportunities like hotels, resorts, and trips to local grow facilities.