Stocks got back into the groove today after the long weekend. Initial selling pressure was blamed for the lower than expected jobs report released this past Friday. However, stocks quickly recovered and headed into the black for the day. The S&P 500 closed up 0.68% to 2,081.
Cannabis stocks started the week with some mild bullishness. Early optimism was short lived as selling pressures picked up. However, the space appears to have posted a green day, which is a decent win for a Monday after a holiday.
One of the best parts of being a cannabis investor is being able to witness history in the making on a daily basis. This time it is the announcement of the first cannabis tech IPO with MassRoots (OTC Pink: MSRT) preparing to come online this month. We are grateful to see companies like this who are taking the time to do this the right way.
MassRoots has captured the groundswell of excitement and enthusiasm through its social media platform. The company has even affected change at Apple with its campaign to get back on the app store. Other companies have struggled with Apple, such as Leafly, so MassRoots can attest to the challenges that cannabis tech groups face.
We will be writing more on the topic when the stock goes live, but wanted to make note of history in the making. Keep your eyes open and take this in. There aren’t many times in life when we all get to participate in something genuinely groundbreaking.