BALTIMORE, MD--(Marketwired - May 6, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, notes that Nuvilex Inc. (
As each state in the U.S. passes medical marijuana legislation, the size of the industry dramatically grows. In particular, adding Maryland to the mix is a major plus for Nuvilex since it is headquartered in Silver Spring, Maryland. Moreover, the state is a hotbed of medical research for not just the region but the entire nation due to access to world-class medical research institutions such as Johns Hopkins University and the National Institute of Health.
Not to be outdone, 9 other states have legislation pending before their governing bodies regarding the medical marijuana issue, including the 3rd most populous state in the country, New York. Proponents of medical marijuana programs in the Empire State have been gaining steam of late and it appears that legislation could indeed pass very soon. Other states in this category are Florida and Illinois, the 4th and 5th largest states in the U.S., respectively. Once these 3 states come on line, over half of the country's population will reside in states that have passed some form of medical marijuana legislation.
Such an event would serve as a real catalyst for the industry. Clearly, that milestone would have a major impact on stocks such as Nuvilex that have business lines focused on medical marijuana research.
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About Nuvilex, Inc. (
- Health Care Industry
- medical marijuana