Medical Marijuana Company's Stock Price Soars
Jumped 3,000 percent following ballot initiative outcomes
After seeing its share surge an astonishing 3,000 per cent in one week, medical marijuana dispensary company MedBox is trying to find ways to dampen investor excitement.
In the wake of this year's elections in which both Colorado and Washington residents voted to legalize marijuana, investors looking to get in on a potential boom industry began buying up MedBox shares as quickly as they could.
On Monday, MedBox shares sold for $4. By Thursday they were at $215.