Best Marijuana Penny Stocks in 2018
As more States throughout the US make the decision to legalize the recreational use of marijuana, companies involved are growing and as such, they can be invested in. Currently, these companies are being sold as penny stocks and that makes them a much higher risk but at the same time, those who are prepared for those risk have the potential for significant earnings. Here we will take a look at Nutrafuels and 8 other marijuana penny stocks that you might want to consider investing in during the remainder of the year of 2017.
Top Marijuana Penny Stocks 2017 and 2018
Which States Are Voting To Legalize The Sale Of Recreational Marijuana?
Among the states that have either already approved legislation on the legalization of recreational marijuana or are in the process of doing so include Arizona, Arkansas, California, Florida, Maine, Massachusetts, and Montana. As these states approve legislation it is sure to set a trend that is likely to be followed by many other states. As this trend grows and is more accepted across the Nation it will only serve to increase the businesses that are involved in its distribution.
The key to investing in companies and in these marijuana penny stocks is to understand which companies are poised to profit and which are positioned to fail. Some of the companies have extended debt that they are unlikely to be able to pay and this is going to lead to their failure. Other companies, on the other hand, have doubled and tripled their profits in recent months and are perfectly poised to continue to do so throughout the remainder of the year.
Profits VS Principle
Many investors find themselves facing a dilemma. As investors and business people, they invest to make profits. But some of them who have various moral or religious convictions debate over whether they should stand on principle or make decisions based on what’s likely to be highly profitable. Obviously, this is a personal question and one that only each individual investor will be able to make.
There was a time in America when alcohol was outlawed. It is highly likely that there were individuals that at the time viewed alcohol as something that went against their personal moral convictions or religious beliefs. But once Alcohol was again made legal, then in time the majority of people simply accepted it. For that reason, there are many people who can invest in companies that are involved in the production and distribution of alcohol without any issues.
It is highly likely that in time it will be the same with marijuana. At this time, there are so many people that feel that it is very wrong but without arguing either side of that debate, the fact is that it is being made legal in many states and is likely to ultimately be legal Nationwide. This means that in time it’s highly likely that the majority of people, regardless of what their personal moral beliefs are at this moment, will likely become comfortable with the idea of investing in these companies.
For that reason, those that are considering investing in these penny stocks for profits should likely do so strictly on the face of their investment value and potential. Just as American policy separates church and state, investors should likely separate profit and principle.
Looking At The Long-Term Potential
Similar to any other type of investing it is important to look at the long-term potential in order to determine the real chances of profit. Anytime an investor is looking to put their money in a company, they will want to make sure that it’s a reputable company that manages its money well. If it’s over burdened with too much debt then it’s a potential loser. If on the other hand, it has manageable debt and a solid plan in place for growing the company and its profits, then that’s a company that has good potential.
If a company has great management in place, then this is another thing that will help keep the company stable and growing. A company that is managed well and has its debt in control and a good plan for growth and profits is exactly the type of company that investors will want to look to invest in. It doesn’t necessarily take a long time to achieve profits. It is highly likely that some of these companies will see significant growth over the next two to three years.
Nutrafuels And 8 Other Marijuana Penny Stocks To Consider In 2017
This is an American company located in the state of Florida. Among their products, they produce skin care from hemp and other skin care products. As well, they also produce an oral spray and are considered among industry leaders in the manufacturing of CBD products including liquid products.
The manufacturing plant has been inspected and is approved by the Department of Agriculture in the state of Florida. They are registered with the FDA and they carry a certification by cGMP which is a third-party certification business.
2. American Cannabis Company
This Corporation was established in 2001 and it is designed to offer a variety of solutions for businesses in the US and in Canada. The company helps to advise other businesses in the industry as well as helping them with the supply of equipment for cannabis production.
3. Aurora Cannabis In Com
This company has been helping to grow and market medical marijuana in Canada. It has a 55000-foot facility and offers the highest grade medical marijuana. This year alone it is seeing a growth of over 90%.
4. Cara Therapeutics
This company which was an established in 2004 is considered to be a biopharmaceutical business that develops pharmaceuticals for the nervous system. Specifically, they have focused some of their efforts on treating adult pain. They consider some of their products to focus specifically on neuropathic and inflammatory pain. They have seen a drop in their stock value but there are many reasons to believe that this will rebound.
5. Canopy Of Growth Corporation
This company was once known as Tweed Marijuana Inc and is one of the largest producers of medical marijuana in Canada. They have a half a million square feet of indoor greenhouses and they recently purchased Bedrocan Cannabis Corp. for just under $60 million. To date, their stock is growing over 30%.
6. Medical Marijuana Inc
Even though this company was formed in 2005 it is still in the development stage. All of their services and products are focused on medical marijuana and other industrial uses for hemp. Among their products are chewing gum made with cannabis as well as extracts made to be used as a pharmaceutical medicine and with nutritional products and cosmetics.
This stock has all the appearances of having a potential for profit. It is currently seen as a leader in the Cannabis industry. Their solutions are dependable and of high quality and they are poised to help companies with their needs and safety issues in the industry.
8. Cannabis Sativa
This is a 12-year-old company based in Nevada and they went public recently. Their business is based on Natural products made with cannabis. They make creams for trauma and they are licensed for medical cannabis.
9. Zynerba Pharmaceuticals
This Corporation was established in 2007 and offers synthetic forms of cannabinoid Therapeutics. Some of their products are designed for people to use twice a day. they offer a patch that can be used in the arm or thigh and has shown its effectiveness in treating neuropathy and fibromyalgia. Their stock prices have grown moderately this year but are expected to Triple over the next couple years.
These are some of the companies with potential. You should always do your due diligence when investing. Invest in these penny stocks at your own risk.
Top Marijuana Penny Stocks going into 2018
Reasons Why You Should Be Buying OTC Medical Marijuana Company Stocks
Medical marijuana is a growing industry and it is not only the marijuana growers, dispensaries, and processors that are making a killing. It is an industry full of challenges and risks but is an investment with the potential for great reward.
It is always challenging to enter into a new market and entering a highly regulated industry is even harder. However, a quick look into the insurance, financial, tobacco, alcohol, pharmaceutical, and healthcare industries reveals that profits can be gained in spite of a tough regulatory environment.
Investing in the medical marijuana industry involves a lot of risk and it is why many investors rarely consider having OTC medical marijuana company stocks in their portfolio. Many people believe that most of these companies are either scams or are incapable of generating profits.
While it is true that it was hard for medical marijuana companies to turn a profit in the past, the situation is now completely different. What was once a limited income generating opportunity has become one of the quickest growing industries in recent times.
Regardless of the beliefs that you may have regarding the use of marijuana, you must never allow a golden opportunity such as investing in medical marijuana to pass you by. Medical marijuana stocks have a huge profit potential.
Medical marijuana stocks will soon have a major breakthrough. Read on to learn about the 7 reasons why medical marijuana company stocks can generate excellent returns for investors over the next few years.
The best thing of all is that many investors have still not yet caught on to these reasons. This is why this article is bringing them to your attention so that you get in before the industry takes off and help you be ahead of the curve.
7 Reasons Why Should You Invest In OTC Medical Marijuana Stocks
1. A Shift In Government Towards Legalization
In 2016, it was believed that the United States Drug Enforcement Administration would reclassify marijuana as a Schedule II drug. Such a reclassification would make it legal in all the 50 US states with a prescription. However, the Obama administration shot down those efforts. Such a reclassification would have been a huge catalyst for OTC medical marijuana company stocks.
Despite marijuana not being reclassified, the use of marijuana for both medical and recreational use in the United States is growing and becoming more acceptable. The number of states legalizing marijuana for either recreational or medical use has been steadily rising since the year 2000.
Only 3 states namely Maine, Oregon, and California had fully legalized medical marijuana before 2000. However, since then over 20 states have legalized the use of medical marijuana. In fact, the number of states that have legalized the use of marijuana in some form has risen to 25.
In 2015, 2 states namely Ohio and Pennsylvania joined the list of states legalizing medical marijuana. In 2016, November several states voted on the legalization of marijuana and 4 states namely Montana, Arkansas, North Dakota, and Florida passed medical marijuana measures.
The shift towards the legalization of medical marijuana means that the industry will only grow larger and so will the potential for good returns. Now is the time to invest in this lucrative industry are more states continue legalizing medical marijuana.
2. Increased Revenue For The Government
Governments all over the world love more tax revenue and this is exactly what legal medical marijuana sales provides. If you want to understand what legalizing marijuana can do for revenues all you have to do is look at what happened in 2014 in Colorado and Washington.
Colorado and Washington legalized the use of marijuana and each collected over $70 million in terms of tax revenues from the sales of marijuana. This figure is about 2 times the revenue that Colorado generated from alcohol taxation. In 2016, Colorado generated over $150 million in marijuana taxes against sales of just over $1 billion.
It is estimated that the marijuana market in the United States could be easily worth over $30 billion annually by the year 2020. In comparison, the National Football League has an annual revenue of just $10 billion.
The potential for increased revenue means that the industry will only continue growing larger and this can only be good for you as an investor. Even though the regime has changed, it is highly unlikely that government will roll back the gains made in the medical marijuana industry given the revenue it is generating.
3. Quickest Growing Industry
The marijuana industry is one that is growing rapidly. In 2015, the industry grew by about 17 percent to about $5.7 billion while in 2016 it grew by about 25 percent to about $6.4 billion. This means that legal marijuana is one of the quickest growing industries in the United States.
Investing in OTC medical marijuana stocks means that you are getting a slice of this massive, growing, and highly lucrative industry. Identifying and investing in the quickest growing industries has always proven to be a challenge for many investors. Since you now understand that legal marijuana is one of the quickest growing industries it is now time to make the most of it and get in ahead of the rest.
4. Widespread Use Of Medical Marijuana
Numerous research studies are being undertaken to look into the medical applications of marijuana besides its traditional use as a painkiller.
According to the findings of some research studies, marijuana can treat a wide range of illnesses and diseases including Post-Traumatic Stress Disorder (PTSD), schizophrenia, Type 2 diabetes, as well as some forms of cancer.
Many marijuana-derived drugs currently available in the market are already approved in such countries as Spain, Germany, and the United Kingdom. As more research is undertaken in the US, more marijuana-derived drugs could become approved by the Food and Drug Administration.
Over 25 US states currently allow for the use of marijuana for medical purposes. However, the FDA has not undertaken much peer reviewed research on the medical applications of marijuana. However, some nonprofits are pushing for the FDA to approve marijuana use for treating PTSD.
The widespread use of medical marijuana is a very powerful reason for investing in OTC medical marijuana company stocks. Medical marijuana companies will only become more profitable as the industry grows and this is good news for you as an investor.
5. The Growth In Investment Options
There are tens of Over The Counter (OTC) medical marijuana stocks meaning that you have plenty to choose from. As the growth in the legal marijuana continues you can expect more marijuana companies to start going public. Most of these stocks are currently penny stocks that currently trade for less than $5 meaning that you can get involved in the market even if you don't have a lot of money to invest.
6. Banks Will Start Servicing The Industry
In 2016, the United States Senate approved an addition to a bill that makes it easier for banks to offer services to legal marijuana businesses. At the moment, marijuana companies operate only in cash since many banks are afraid to do business with them. The new measures would have meant that financial institutions would no longer be afraid to open up accounts for businesses that comply with the law.
While the measures did not make it into law, the continued push by legislators to have the marijuana industry recognized as a genuine business will eventually bear fruit especially considering that over 60 percent of the United States population currently lives in an area where marijuana use is legal.
Once the financial institutions start servicing the industry, you can be sure that it will grow exponentially. However, before this happens, you should get into the industry while the prices of the medical marijuana company stocks are still low so that you can maximize your returns once the banks start servicing the industry.
7. The Growth In Subsectors
When most people think of the marijuana industry in general they think that it solely sells marijuana either for medical or recreational use. However, this is far from true. Some people grow marijuana for various users while some make apps for both users and sellers. Others even sell equipment and tools used in growing and cultivating marijuana.
The biotech space is one of the sectors that will enjoy the most benefit with the increased federal legalization of marijuana use. While the existing laws make it hard to do marijuana research, the continued legalization can allow biotech companies to do research without fearing any legal consequences.
The wide breadth of the marijuana industry gives investors a wide variety of options regarding where to invest their money. Since the marijuana industry dips in all kinds of sectors it has plenty of room for growth in the future.
Marijuana use has been legalized in over half of the US states and it is highly likely that this trend will continue moving forward. The use of marijuana for medical purposes has been the greatest driving force towards the increased push towards the legalization of marijuana in the United States and even other parts of the world.
The marijuana industry in general is massive and the medical marijuana industry is a large portion of this industry. If you would like to enjoy a slice of this lucrative industry, you should consider investing in OTC medical marijuana company stocks for the 7 reasons discussed here.