Marijuana Dispenser Stock Reaches All-Time “High” on Wall Street
Medbox, the publicly-traded company that makes marijuana dispensers, saw its stock Friday climb to an astronomical $215 a share — a 3,000 percent increase from Monday when it was just $4 a share!
Medbox is no stranger to marijuana. They’ve been building dispensing machines for years for medical marijuana purposes. But before investors got too crazy, analysts and even company officials tried to temper the increase by reminding investors that marijuana is still considered a federal crime to possess, and several hundred medical dispensaries have been raided and shut down by the feds over the last few years.
But this has to stand as one of the biggest climbs EVER in Wall Street history — 3,000 percent in one week!?