Cannabis Science Inc (OTCMKTS:CBIS) has been on the comeback trail, as we outlined in late October. The company’s latest extension higher has powered shares from around a nickel a piece to more than a dime in just the past few days of action. The catalyst for this move does not appear to be its recent attempt to push into the blockchain space, but instead its move to get more aggressive in front of the most important catalyst for the cannabis space right now: the imminent legalization of recreational marijuana in the state of California.
Specifically, the company just announced that its expansion plans are progressing rapidly as the final negotiations have been completed for the third medical marijuana dispensary in California. The Company is preparing the final documents now to complete integration of its third medical marijuana operations for the California market opening.
Cannabis Science Inc (OTCMKTS:CBIS) defines itself according to the