Stocks

What Everyone Should Know About Marijuana IPOs

By Greg Miller, Director of Cannabis Investing Research, Money Morning • Tuesday, June 18, 2019

It might sound obvious, but not all initial public offerings are created equal.

"Hot" tech IPOs, for instance, can be pricey, and nearly impossible to buy at fair prices. Quality can be inconsistent; for every Microsoft, there might be two Ubers.

The cannabis industry, on the other hand, boasts some of the best, richest, and easiest to own IPOs on the market. That's just one of the reasons the entire sector is minting millionaires at a rapid clip.

For instance, back in December 2018, we found 77 different, everyday people who'd grossed $1 million or more in cannabis. Today, our confident estimates put that number north of 239.

And the thing is, these numbers are only going to increase as the United States moves inexorably toward complete legalization.

Here's how you could find yourself on the growing cannabis millionaires' list a lot sooner than you think...

Three of the Top REITs to Buy Now - One Pays 9%

Knowing where to start when buying REITs is tricky. But we have a secret weapon. To find the best REITs to buy, we use the Money Morning Stock VQScore, which tracks 1,500 companies and assigns each one a score of 1 to 4. The higher the ranking, the more likely a stock is poised to break out. We uncovered three top REITs to buy in June - each with a monster dividend, hefty share price upside, and a VQScore that signals a big return in the second half of 2019.

Take a look...

Energy1

This $5 Stock Could Explode 300% Higher

Traders often turn to penny stock speculation when they’re looking for 200% or 300% gainers. But not all penny stocks are created equal. The company we’ve found for you today is downright Herculean compared to its penny stock brethren. It's an energy company that fell into hard times, pushing its share price below the penny stock threshold. But even after falling to $4.78 a share, the company still sports a $6.7 billion market cap, keeping it squarely in the mid-cap sector.

And this billion-dollar energy firm has 300% upside…