Unlike a lot of cannabis related stocks, 2017 didn’t start off with a bang on Medical Marijuana, Inc. (OTCMKTS:MJNA). In fact, it was more like a fizzle. The gains it made leading up to and following election season proved unsustainable, and for the majority of the new calendar year so far, the stock has been under steady consolidation.
That negative effect had been intensifying over the past week, as White House Press Secretary Sean Spicer hinted at a hardening stance on marijuana law enforcement at the federal level, even in places where voters have legally passed marijuana reform legislation.
That has brought Medical Marijuana, Inc. (OTCMKTS:MJNA) to issue a clarifying statement today, to the effect that its business is untouched by the types