Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing

5 Marijuana Stocks to Watch in 2017

marijuana stocks to watch in 2017

New projections estimate that legal marijuana sales could hit $6.7 billion in 2016, which is why we've made a list of five marijuana stocks to watch in 2017.

The marijuana industry is poised to soar now that California, Massachusetts, Maine, and Nevada just legalized recreational marijuana.

And because Money Morning Director of Tech & Venture Capital Research Michael A. Robinson sees California as a leader in cutting-edge issues, other states will quickly follow suit.

"Fact is, California stands as one of the world's largest economies, so just the sheer volume of sales in the state would be massive. As we have seen with things like environmental legislation and gay rights, the state is on the cutting edge of major issues that have socioeconomic impacts. Other states will look at California's success in rolling this out as their model for legislation," Robinson told me on Nov. 8.

You see, investing in the marijuana industry is being called the gold rush of the 21st century.

And we don't want Money Morning readers to miss out. Along with our five 2017 marijuana stocks to watch, we'll also show you how you can get our 90-page investment guide for the booming marijuana industry.

Here's the first on our list of marijuana stocks to watch in 2017…

Marijuana Stocks to Watch in 2017 No. 5: mCig Inc

MCig Inc. (OTCMKTS: MCIG) is a penny stock, and penny stocks can be risky. But even with the risks, MCIG is a marijuana stock to watch in 2017.

MCig is based in Nevada, and it offers equipment for marijuana home growers, vaporizers, greenhouses, and cultivation rooms. Rollies LLC, owned by mCig, sells smoking tubes that could increase in popularity with more states approving recreational marijuana policies.

BRILLIANT: Average Americans Are Becoming Marijuana Millionaires

And as marijuana is legalized in more states, the demand for mCig's products will increase.

For their fiscal 2016, mCig reported $1.7 billion in revenue and gross profit of $290,774. Over the last 12 months, MCIG has climbed 282.76%.

Marijuana Stocks to Watch in 2017 No. 4: GW Pharmaceuticals Plc.

GW Pharmaceuticals Plc. (Nasdaq ADR: GWPH) uses plant-derived cannabinoid therapeutics to help patients suffering from various diseases and medical conditions.

GW's Sativex is the first prescription medicine derived from a cannabis plant, and it's used to treat spasticity. GW is also working on a product called Epidiolex, which could be used by patients with rare epilepsy disorders.

Because marijuana is listed as a Schedule I drug, it can't be used for medical purposes. But legalization and marijuana reform could help it get reclassified, which would allow GW to offer more plant-derived cannabinoid therapeutics.

GWPH has skyrocketed over 50% in the last 12 months. In comparison, the S&P 500 has climbed just 6.42%.

Marijuana Stocks to Watch in 2017 No. 3: General Cannabis Corp.

marijuana stocks to watch in 2017

Source: FactSet

General Cannabis Corp. (OTCMKTS: CANN) provides services to the regulated cannabis industry.

General Cannabis provides a large list of services, including:

  • Acquisitions and leasing of cultivation space
  • Security services including video surveillance and cash transportation services
  • Designing, distribution, and selling of apparel
  • Consulting services

General Cannabis was founded in 2013. It's headquartered in Colorado, the first state to legalize recreational marijuana. According to the Denver Post, legal marijuana sales in Colorado alone are expected to reach $1 billion for 2016.

Over the last 12 months, the CANN stock price has climbed 315%.

Aside from MCIG, GWPH, and CANN, there are two other companies involved in the marijuana industry that are worth watching in 2017.

Marijuana isn't the core of their businesses, but these companies are creating partnerships and filling a growing demand through their already successful products and services.

These are the two other companies in the marijuana industry Robinson is keeping an eye on…

Marijuana Stocks to Watch in 2017 No. 2: Microsoft Corp.

It's true most investors wouldn't view Microsoft Corp. (Nasdaq: MSFT) as a marijuana stock.

But this past June, Microsoft used its powerful software and cloud services to become the go-to source for the cannabis industry.

KIND Financial, a company that uses technology to make sure transactions in the marijuana industry are safe, secure, and compliant, partnered with Microsoft in June to run software through Microsoft's cloud.

As more states legalize marijuana, there will be a bigger need to track sales and to make sure local businesses are compliant with rules and regulations.

The MSFT stock price is already up 9.3% in the last 12 months, with its cloud-based services revenue climbing 116% year over year in its latest quarter.

Trending Story: States Legalizing Marijuana in 2017

Its software services in the booming marijuana industry will help that number continue to climb.

And our final marijuana stock to watch in 2017 may be just as surprising as Microsoft…

Marijuana Stocks to Watch in 2017 No. 1: Scotts Mircale-Gro Co.

The other company Robinson is watching is Scotts Miracle-Gro Co. (NYSE: SMG).

You can find Scotts' lawn care and gardening products in some of the leading retail stores in the country, like Wal-Mart Stores Inc. (NYSE: WMT) and Home Depot Inc. (NYSE: HD).

Between 2001 and 2009, revenue climbed 80% for Scotts because retailers like Walmart and Home Depot were expanding. But since the financial collapse of 2008-2009, sales have been stagnant, according to Forbes.

In order to increase revenue growth, CEO Jim Hagedorn is now investing millions in the marijuana industry.

Hagedorn purchased two companies that sell fertilizers, soil, and accessories for marijuana growers back in 2015. He also invested $120 million (a 75% stake) in the hydroponics equipment company Gavita International in July 2016. But there are even more companies for investors to target a seven-figure weed windfall with the top pot stocks from every ecosystem – growers, edibles, dispensaries, and more…

As a service to Money Morning readers, we're now making available a 90-page cannabis investing guide called "The Roadmap to Marijuana Millions."

This "bible of weed investing" reveals the world's top marijuana stocks every serious investor should consider right now.

Normally valued at $499, it can be yours absolutely free. To learn how to get your free copy, click here.

This offer is only available to the first 500 people who respond today. So please go here now to reserve your copy.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

  1. Robert Pacione | November 13, 2016

    Good afternoon! I have bells going off on a little sign stating a merger or Buyout is on the rise.

    CGC to buy or merge OGI. Ill bet buyout.

    I say this because its imminent. There profitability is endless and going international. If a new Etf is introduced in the Pot sector which it will have to be as the seed is planted and vines are attaching themselves for future growth. I dont need all the details. I just know now that Bedrocan is in bed with Goldman and Sachs. OGI is a threat and a profitable one to boot. Only valued at an 1/8 of CGC but both companies were or still are managed by the same advisors in which tells me Goldman and Sachs arent far from OGI's front door with a butt load of money.

    I know I would do it. Canada has not legalized it as of yet but are young Premier smokes himself and loves his new attention. So! The choice will be easy for him. Mid 2017.

    My outlook on Canaopy growth is the the driving force of the industry and i forsee the mentality and outlook of a Sunedison mentality but with a much more intelligent board on hand to manage the rising demand of this substance.

    My only worry comes from years from now as we see how they control there overwhelming success. Greed is a dangerous and blinding mentality but those actions are to be followed after they reach 20 billion in the next 3 years.

    Enjoy your day!

  2. Huiming Lin | November 17, 2016

    I really like to use my retirement free time to invest the potential wealth to come.

  3. David Simpson | December 5, 2016

    Very nice

  4. dan pulford | January 9, 2017

    Da weed prohibition is almost smoked.

  5. george veno | January 20, 2017

    with safe control pot strains refined for use of pain medicine the future seems limitless!

  6. Randy | February 2, 2017

    Here comes the next way to become rich if you believe.

Leave a Reply

Your email address will not be published. Required fields are marked *


Some HTML is OK