The company that produces MedBox, a medical marijuana dispensary, is trying to calm down their investors as they buy many shares for this company. People have been investing in this after they saw the legalizing of marijuana in two more states. At the beginning of this week the shares for this company started off at $4 and at the end of the week it rose to $215! Hit the jump
That sent the company’s market cap from a respectable $45 million to a shocking $2.3 billion almost overnight – double the market capitalization of menswear retailer Jos. A. Banks Clothiers…
Somewhere between $600,000 and $700,000 worth of purchases in the company were made this week.
