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Home 🌿 Marijuana Business News 🌿 Nasdaq Unintentionally Paves Way for Canadian Cannabis Stocks 🌿

Nasdaq Unintentionally Paves Way for Canadian Cannabis Stocks

Submitted by Marijuana News on Mon, 06/06/2016 - 10:01

Michael Berger, Associate Editor of MoneyShow.com, a leading expert on the cannabis sector, discusses how the Nasdaq’s recent decision to decline MassRoots’ listing application actually opened the door for Canadian cannabis stocks.

After the Nasdaq (NDAQ) declined MassRoots’ (MSRT) listing application, the shares fell from $0.90 to as low as $0.52 within two days. As many investors ran for the hills, some saw this sell-off as an opportunity and capitalized on this price movement as the Nasdaq’s rationale was not based on merit.

In its notice, the Nasdaq said MassRoots may be deemed to be “aiding and abetting the distribution of an illegal substance”, according to the MassRoots news release.  The Nasdaq declined to comment on the rejection.

MassRoots is considered to be the Facebook of the Cannabis sector and the company doesn't deal directly with the growing or sale of cannabis....

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Money Show
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