Medical Marijuana Inc. (OTCMKTS:MJNA) Ends 2013 With a Blast

The final 2 trading sessions of 2013 were a blast for the stock of Medical Marijuana Inc. (OTCMKTS:MJNA), just like they were for other companies in the sector. We aren’t amazed considering the latest news, but where will this all lead.

If you have been following the companies in the medical cannabis sector you would know that January 1, 2014 was a big day for them and all the people who love to have some fun smoking the “herb” recreationally.

It is on that day that the state of Colorado finally allowed the use of marijuana not only for medical purposes, but also recreation. The hype was big and many even made a comparison between “green Wednesday” and “black Friday” in vision of the huge lines in front of dispensaries across the state.

Before the people who wanted to get high legally we saw the hype in the OTC markets with 2 explosive final sessions for 2013. Hemp, Inc. (OTCMKTS:HEMP), Cannabis Science (OTCMKTS:CBIS), GrowLife, Inc. (OTCBB:PHOT), Terra Tech Corp (OTCBB:TRTC) and MJNA all had sessions in the green with big percentile gains and high volume.

MJNA added a total of 28% to its value over these 2 trade sessions and made quite a lot in trade value. The ticker closed the last trade session of 2013 with a 16% gain at $0.155, while a massive 54 million shares switched hands and generated a whopping $8.3 million in dollar volume.

Today, MJNA is still going strong, despite the huge amounts of traded stock in the first hours of the 

In any case, be sure to do a lot of due diligence and weigh out the risks if you have thoughts of investing in any marijuana stock, especially considering the serious correction which can come after the initial hype looses its strenght.session and has by now added another 23% to its value, currently priced at $0.191 per share. It seems that this trend will continue atleast until the end of this week and we might see things quiet down a bit after the weekend.