Pot Penny Stocks That Have Crashed and Burned Since Highs of 2014

After the marijuana penny stock craze of 2014, several names have since crashed and burned. Medbox is an example of the extreme turbulence in the group, reaching a closing high of $73.90 on January 7, 2014 and losing 54% of its value in just three days. But that was just the beginning of its long decline. Medbox currently trades around $1.65. Advanced Cannabis Solutions started off 2014 as a $3 stock, that shot up to a close of about $48 on March 5. Later that month, the Securities and Exchange Commission ordered a suspension of trading due to concerns over unlawful public distribution of its Advanced Cannabis securities. By April 1, the stock fell to just under $30 a share, and its decline was only getting started.