3 Marijuana Stocks to Watch After Colorado's Cannabis Boon

Marijuana stocks to watchMarijuana shops in Colorado set new revenue records in September, and that's why we have our eyes on three marijuana stocks to watch for 2017.

According to The Denver Post, sales of recreational and medical marijuana totaled $94.7 million in September 2015. In September 2016, those numbers skyrocketed to $127.8 million in sales.

That's a 34.95% increase in sales in just 12 months. September 2016 also marks the third consecutive month of new sales records for marijuana in Colorado.

From January to September, marijuana sales have generated $974.3 million in Colorado. In that same time frame last year, sales were $733.8 million.

That's an increase of 32.77%.

And with the legalization of recreational marijuana in California, Massachusetts, Nevada, and Maine, you can expect other states to start generating millions and eventually billions of dollars by taxing marijuana sales.

marijuana stocksBut the states aren't the only ones who will profit...

You see, some are calling marijuana the gold rush of the 21st century. Everyday investors are already plotting seven-figure weed windfalls with the top pot stocks from every ecosystem -growers, edibles, dispensaries, and more.

That's why today, we will provide Money Morning readers with the opportunity to receive a free 90-page cannabis investing guide called "The Roadmap to Marijuana Millions."

We'll get to that in just a bit.

But first, we wanted to share with our readers three marijuana stocks to watch for 2017...

Marijuana Stocks to Watch No. 3

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Hemp Inc. (OTCMKTS: HEMP), formerly known as Marijuana Inc., is headquartered in Las Vegas, Nev., and was founded in 2008.

According to its website, the company aims to be a leader in the industrial hemp fiber industry in America. Although hemp contains less THC than marijuana plants and requires different cultivation, it's still illegal in the United States. It's considered a Schedule I drug under the Controlled Substances Act.

But with growing marijuana legalization in the United States, hemp could soon become legal...

Special Report: Cannabis Is The Gold Rush of the 21st Century. 30 Stocks to Invest in Now.

Hemp Inc. says hemp crops save energy, water, reduces the need for pesticides, and it's more economical than using trees or cotton.

And Hemp Inc. offers a variety of products because of hemp's wide range of uses. It's oil spill absorbent product, Spill-Be-Gone, is made from the inner core particles of kenaf and hemp plants.

Hemp Inc. claims it's one of the world's most absorbent natural materials, and it can also be used in automotive repair shops. It also sells cosmeceutical hemp products for hair and skin.

Because hemp is still illegal, HEMP only has a 52-week high of $0.07. But with growing support for marijuana and hemp legalization, this is a marijuana stock to watch.

And for our second stock to watch in 2017, you may remember its former CEO from the 2016 presidential race...

Marijuana Stocks to Watch No. 2

Formerly run by 2016 presidential candidate Gary Johnson from 2014 to 2016, Cannabis Sativa Inc. (OCTMKTS: CBDS) develops, manufactures, and sells herbal-based skincare products through its subsidiaries.

Its skincare line sold through Wild Earth Naturals consists of body lotion, face cream, lip balm, healing balm, and a product for headaches.

Cannabis Sativa also sells Cannabidiol-infused bottled water.

Cannabidiol is an active cannabinoid found in cannabis, and it lacks the side effects of psychoactivity associated with THC. Cannabidiol is believed to have potential medical applications.

The water contains one serving of Cannabidiol, and it's free of THC.

BRILLIANT: Average Americans Are Becoming Marijuana Millionaires

Aside from its current products, the marijuana company is also opening branded marijuana dispensaries. In October 2015, Cannabis Sativa opened its first branded marijuana dispensary under its subsidiary Hi Brands International Inc. in Portland, Ore.

According to AccessWire, Johnson said in December 2015 that "Cannabis Sativa is poised to dominate the industry with the 'Hi' brand the way Apple Inc. (Nasdaq: AAPL) leads the electronics and smartphone space."

This increase of marijuana dispensaries and growing facilities means there's going to be a large demand for real estate as more states legalize marijuana.

And our next marijuana stock to watch is at the forefront of the marijuana real estate and tourist boom...

Marijuana Stocks to Watch No. 1

Grow Condos Inc. (OTCMKTS: GRWC) shows there are many ways to invest in the marijuana industry.

Grow Condos doesn't grow or sell marijuana. Instead, it's filling the increased demand to help marijuana growers find space for their operations. Incorporated in 1999, it provides turnkey facilities to support cannabis growers.

It also leases, provides development, and invests in sale opportunities for industrial properties focused in cannabis production.

On Nov. 3, Grow Condos announced it will launch a new subsidiary, Smoke on the Water.

Smoke on the Water will offer real estate solutions for marijuana-friendly resorts and campgrounds in Oregon, according to MMJobServer.com. Smoke on the Water plans to acquire operational RV parks initially and then will rebrand them.

Grow Condos also plans to launch Smoke on the Water Club. It will serve as a social platform for travelers.

So far in 2016, GRWC has climbed 69.23%.

And as more states legalize recreational marijuana, marijuana real estate operators and marijuana vacation destinations can thrive...

Now, here's more information on the 90-page cannabis investing guide we mentioned earlier...

The Initiative to Legalize Marijuana Is Growing Rapidly...

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.

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