Marijuana stocks have become a very hot topic for investors lately. As the move towards legalization of marijuana for both medical and recreational use, many investors have been very interested in this industry and looking at ways to profit from it.
Currently, twenty states allow the medical use of marijuana. National legalization has the potential to start a $35 billion to $45 billion a year industry, according to Bloomberg Industries.
Medical marijuana stocks have been the hottest stocks this year. Some medical marijuana stocks have seen gains well over 100%.
While there isn’t any listed marijuana companies that trade on the major stock exchanges (NASDAQ, NYSE), there is a variety of marijuana stocks that trade over-the-counter at penny stock levels.
In the spirit of “420″ here are 20 medical marijuana stocks to watch.
Note: Most of the medical marijuana stocks below I wouldn’t recommend as a long tern investment as most of them are penny stocks with very bad fundamentals. These stocks are risky, and very volatile.
No one knows if any of these marijuana stocks will be around in a few years from now. Perhaps some of these stocks will still be around, and some won’t. And perhaps some new marijuana names will be on the scene.
However, since medical marijuana stocks is one of the hottest sectors they do offer some great trade opportunities for some nice profits.
This is not a recommendation to buy any of these stocks. If you do decide to buy any of these stocks, it is best to keep position sizes small, and if the stock starts to go against you it is best to cut any losses quickly.
1. Medical Marijuana Inc. (OTC: MJNA)
Medical Marijuana, Inc., through its subsidiaries, produces a series of cannabinoid oil products, advertising the health benefits of consuming CBD (cannabidiol). These include a chewing gum, shampoo and lotion, and liquid CBD oil.
Medical Marijuana Inc. is a holding company that consists of a variety of marijuana and hemp related businesses. It has eight featured companies under its control: Phytosphere Systems, Red Dice Holdings, HempMeds, Wellness Managed Services, Canipa Holdings, Kannalife, CanChew Bio Technologies and CanChew Gum.
With a current market cap of around $200 million (fluctuates as the stock moves up and down), Medical Marijuana Inc. (OTC: MJNA) currently has one of the largest market caps among the medical marijuana stocks.
2. Cannabis-Rx Inc. (OTC: CANA)
This company was formerly known as Longview Real Estate, Inc. and changed its name to Cannabis-Rx Inc. in January 2014. This is one of the newest companies looking to get involved in the marijuana industry.
Cannabis-Rx Inc. says it will not be engaged in the growing, harvesting, cultivation, possession or distribution of cannabis, but rather it plans to focus its main operations on acquiring and selling/leasing real estate properties for licensed marijuana growers and dispensary owners. They also are looking to provide financing, commercial real estate options and consulting services to licensed marijuana-related businesses.
3. HEMP INC (OTC: HEMP)
Hemp, Inc. is a holding company consisting of a handful of marijuana and hemp related businesses. Some of the company’s subsidiaries include Marijuana, Inc., MarijuanaInc.TV, Herbagenix, and Eco-Harmony.
HEMP INC is run by Bruce Perlowin (a former drug smuggler), who serves as CEO and Chairman of the Board for the company.
For those of you not familiar with the name, Bruce Perlowin, he was featured on CNBC’s Documentary called Marijuana Inc.. He was convicted for smuggling hundreds of millions of dollars of marijuana out of Columbia into the USA during the late 70′s and early 80′s and served a 9-years in federal prison. See video below:
4. Advanced Cannabis Solutions, Inc. (CANN)
Advanced Cannabis Solutions leases growing space and related facilities (commercial real estate and equipment) to licensed marijuana business operators for their production needs.
CANN stock currently trades at $11 per share, giving the company a market cap of $150 million. A very high market cap for a company with no revenues.
5. CannaVEST Corp. (OTC: CANV)
CannaVest through its subsidiaries specialize in providing the health and wellness benefits of extracts and products from the industrial hemp plant.
Its products feature hemp-based cannabidiol (CBD), which is infused into our various products and product lines. Derived from hemp stalk and seed, CBD is a legal substance which can be used with foods/nutritional supplements for consumer health and wellness benefits. The company was formerly known as Foreclosure Solutions, Inc. and changed its name to CannaVEST Corp. in January 2013.
6. Cannabis Science, Inc. (OTC:CBIS)
Cannabis Science, Inc. is engaged in the research and development of medical marijuana. The company focuses on creating cannabis-based medicines.
The company works on phytocannabinoid science, targeting illnesses to develop, produce and commercialize phytocannabinoid-based pharmaceutical products.
7. MediSwipe, Inc. (OTC: MWIP)
MediSwipe Inc., formerly Cannabis Medical Solutions Inc. offers merchant services tailored for medical marijuana business. The Company provides online and wireless merchant payment solutions for these types of businesses. It offers a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals in conjunction with industry alliance partners.
The company provide electronic payment processing suite of services enabling merchants to accept various credit and debit cards, as well as ATM cards and ACH check drafts for payment of a retail, service, mail-order, or Internet merchant.
8. Growlife Inc (OTC: PHOT)
Growlife Inc (OTC: PHOT) is slightly involved in the marijuana industry and sells products that could aid in the growing of marijuana. The company sells and distributes mini-hydroponic greenhouses (Phototron Units) and horticultural seeds, mineral nutrient solutions, growing mediums and germination kits.
Their products can be used in cultivating cannabis and most likely cannabis-growers account for only a small fraction of customers. PHOT stock was temporarily halted recently by the SEC because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT’s common stock.
9. Nuvilex Inc. (OTC: NVLX)
Nuvilex is a clinical-stage biotechnology company focused on developing and preparing to commercialize treatments for cancer and diabetes based upon a proprietary cellulose-based live-cell encapsulation technology, called Cell-in-a-Box®.
The company is partially involved in the medical marijuana industry through one of it subsidiaries, Medical Marijuana Sciences, Inc., which concentrates on the development of cancer treatments based upon chemical constituents of marijuana known as cannabinoids.
10. GW Pharmaceuticals plc (NASDAQ: GWPH)
GW Pharma (GWPH) is a biotech company based in the UK. The company is slightly involved in the medical marijuana industry. GW Pharma is developing cannabinoid medications, primarily for multiple sclerosis and cancer.
The company is one of the few cannabis stocks that trades on a major exchange (NASDAQ), meaning its financial information is much more closely regulated.
11. mCig (OTC: MCIG)
mCig, Inc. sells an e-cigarette-style product for marijuana. They make a $10 mini-vaporizer for both marijuana and tobacco.
The mCig is something of a hybrid between an e-cig and a joint, in that you can put “dry herb” in it and heat it to the edge of combustion. The advantage of a vaporizer is it less harmful than traditional smoking, and it can make the same amount of marijuana last twice as long.
12. Rapid Fire Marketing, Inc. (OTC: RFMK)
Rapid Fire Marketing, Inc. is another developer and producer of vapor inhaler products. The Vapor Inhaler is meant for for medical cannabis patients, nicotine and herb users.
The company sells its vaporizer called CANNAcig, through its website TheCANNAcig.com.
13. Cannabis Therapy Corp. (OTC: CTCO)
Cannabis Therapy Corp. is a start up company that specializes in proprietary phytocannabinoid identification, extraction, marketing, and production providing pharmacy-grade isolated cannabinoids for the food science, pharmaceutical and therapeutic application industries.
14. Fusion Pharm (OTC: FSPM)
Fusion Pharm’s (FSPM) PharmPod product is a “plug-and-grow” hydroponics solution. The company makes a 40-foot PharmPod container which is capable of growing more produce than a one full acre of traditional farm agriculture.
The company says the PharmPods are cost effective commercial vertical farming system that is a sustainable and profitable. And by utilizing the patent pending Pharmpod growers can produce plants completely free of pesticides and herbicides, in half of the time and using eighty percent less water than traditional agriculture.
15. Medical Cannabis Payment Solutions (OTC: REFG)
Medical Cannabis Payment Solutions is a software and app company that focuses on solutions for the medical marijuana industry in the United States. It provides end-to-end management, across multiple management systems, for medicinal marijuana operations.
The company offers integrated supply and distribution technology mandated by various states. Its S2S Seed-to-Sale integrated solution is intended to be a turn-key, management, and compliance technology for growers, caregivers, and dispensaries.
16. Greengro Technologies Inc. (OTC: GRNH)
Greengro Technologies is a maker of both indoor and outdoor aquaponic and hydroponic systems and grow rooms. The company designs, manufactures, and markets green eco-friendly vertical cultivation systems. It also offers plant lighting products, table stands, nutrient mixers, home units, and cloning systems.
The company is often associated as a medical marijuana stock because it sells products that can aid growers int the growing of marijuana.
17. Terra Tech (OTC: TRTC)
The company designs, develops and manufactures cultivation systems and a line of horticulture equipment that is used to grow vegetables and herbs. The company is also considered a marijuana stock because its products can help marijuana growers.
The company recently announced plans to go into marijuana farming and cultivation. They are applying for a license to operate a cannabis farming facility and dispensary.
18. Endexx Corp. (OTC: EDXC)
ENDEXX Corp. through its subsidiaries, provides platforms for entrepreneurs. It offers m3Hub, a platform that is an integrated Seed to Sale Inventory Tracking and Management platform designed to provide regulatory compliance in any legal marijuana market, increase business workflow, reduce labor costs, improve productivity and help build customer relations, all in a secure cloud environment.
19. Creative Edge Nutrition (OTC: FITX)
Creative Edge Nutrition is a holding company and a Nutritional Supplement Company which develops supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness.
The Company also operates a subsidiary, CEN BIOTECH INC., which is involved in production and distribution of medical marijuana in Canada. The company plans to supply the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations. The company has submitted a comprehensive application to become a licensed producer of dried marihuana for medicinal purposes and has received a ready-to-build approval from Health Canada.
20. Jones Soda (OTC: JSDA)
Jones Soda Co. is a small beverage company that makes several lines of soda. The company creates beverages that are considered more healthy and they use natural ingredients like pure cane sugar.
Back in 2007, the Seattle-based company was riding high with its stock trading around $30 a share. The company had nearly $40 million in revenue with a market cap of around $500 million. The stock now trades at penny stock levels.
The company could soon be taking part in the growing marijuana industry. They recently hinted at making a new drink in their recent 8-K filings when they mentioned producing a hemp tea drink. If the company does make this product it could help boost its shares.
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