I have been involved in several closed door meetings with the CCN team and for this reason I've made a throwaway account as my real account can be linked back to my real world details.
Firstly I would like to state that the original intention of the CCN team was too support all the MMJ coins via way of payment solutions. This was great and I felt that the team had a purpose worth pursuing. The trouble came late last week when the CCN dev team reached out to the CANN dev team and asked them if they wanted to partner up for the good of the industry. The CANN dev's for whatever reason rejected this propsal which angered the CCN dev team.
The focus of the discussion then violently changed from "How can we improve our own coin" to "How can we tarnish the reputation of cann". Many idea's were thrown around but eventually the team settled on spending BTC to hire a PR firm to run what was essentially a smear campaign against CANN. It was a well known fact that the price of CANN would plummet on the 20th (that's just how the altcoin markets work and nothing nefarious was done to lead upto the inital dump) knowing this the CCN team figured that the 20th was the best day for the PR firm to make their move.
The PR firm in question specializes in blockchain technology and upon analysing blockchains they find whatever fault they can and capitalize on it via way of organized FUD. The PR firm are the ones who found out about the so called "Hidden Premine" and then passed that info along to the CCN team who themselves have put extradionary effort into ruining the reputation of CANN.
I cannot support this type of behaviour and it should be known that the CCN team spent money ruining the reputation of CANN. That money could have been well spent furthering software development for CannaCoin.
At this point I wouldn't trust either coin for any serious investment.