Cannabis stocks closed out a winning week and a winning month with gains as volume picked up, with next week's elections serving as an obvious potential catalyst to extend the two-week rally. 49% of the stocks rose in price, with 8 double-digit percentage gainers and 2 double-digit percentage losers. Stocks with volume above the 30-day average jumped from 33% to 54%, with two stocks trading over $5mm in value. Six of the ten highest dollar-volume stocks rose in price as six traded above $1mm. Benzinga's 420 Marijuana Index rose from 202 to 208. The index is up 31% year-to-date but down substantially from the 1010 peak in March and up from the 178 closing post-peak low on 10/16.
Stocks moving more than 5% on more than $500k in volume included Hemp, Inc. (HEMP), Terra Tech (TRTC), Creative Edge Nutrition (FITX) and Medical Marijuana, Inc. (MJNA) to the upside and none to the downside.
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