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Greece Situation Worsens As Marijuana Stocks Continue to Go Higher

On Sunday, the crisis has worsened in Greece after voters reject a referendum of the terms of the country’s international aid bailout, increasing the risk of Greece dropping out of the euro zone. Banks in Greece will remain closed until at least Friday of this week. The country is trying to reopen bailout negotiations with official creditors to save its financial system from a dramatic collapse. Greece issued a ruling last week imposing capital control and demanded banks to close after the European Central Bank (ECB) froze a crucial financial lifeline following the failure of bailout talks between Athens and its international creditors. While Greece looks to fix its economic crisis U.S marijuana stocks in the cannabis sector have been booming. FBEC Worldwide Inc. (OTCMKTS:FBEC), MaryJane Group Inc. (OTCMKTS:MJMJ) and Medbox Inc. (OTCMKTS:MDBX).

FBEC Worldwide, Inc. is a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages including H.E.M.P.™-branded energy shots and drinks and nutraceutical supplements. The company recently announced the upcoming August launch of its Hemp infused energy shot called “The WolfShot”. The CEO stated, “Our primary operations include manufacturing, distribution, marketing and sales for our beverages…However, it is critical for our long-term success to find and develop niches in the beverage marketplace and particularly for energy beverages. Working with leading formulation scientists like Dr. Strause is a crucial component needed to carve out a true market niche. We believe hemp-based beverages do just that and we are confident our collaboration with Dr. Strause on our soon-to-launch products with our now 100%-owned hemp-formulation will solidify our place in the market while we work to build a strong following of consumers.” FBEC is currently trading between $0.08- $0.10 during recent weeks.

How Big Will Hemp Beverage Industry Leaders Grow In 2015?

The MaryJane Group, Inc a canna- friendly hospitality management company announced on June 3rd they’re expanding their Bud + Breakfast brand with a third property located in Colorado Springs. Joel Schneider Company CEO stated, “We are committed to strengthening the canna-hospitality industry through a unique brand portfolio of guest venues and trusted partnerships with leaders in the cannabis field, and this expansion to Colorado Springs allows us to do just that,” he continued to say, “Our superior hospitality and amenities and our partnership with Cultivating Spirits, the recognized leader in cannabis education, truly set Bud+Breakfast properties apart from others in the space.” Since the beginning of May, MJMJ has seen price gains of as much as 1971.42% following highs of $0.029 in May from lows of $0.0014. MJMJ is currently seeing trading levels between $0.0014- $0.0022.

What Other Marijuana Stocks Are Trending?

Medbox, Inc. a provider of specialized services to the cannabis sector, including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved announced July 6th, has appointed interim CEO Jeff Goh to President of Medbox, Inc. “Our mission is to help our clients-from growers to dispensaries in states where approved-produce and sell quality cannabis products that are processed consistently under the highest standards and provide real health benefits for patients, ensuring them, along with their prescribing physicians, of safety and peace of mind,” Goh stated. MDBX looks to have bottomed out and is currently trading between $0.133-$0.174.

RE:Will Medbox share prices continue to move higher?

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