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Today we're bringing readers the top 10 marijuana penny stocks in 2016. All of these 10 stocks have posted gains of 70% or more this year, with the top-performing marijuana penny stock of 2016 up a staggering 540%.
As a reminder, we don't typically recommend the penny stocks on our weekly list as strict "buys." That's because penny stock investing requires a high risk tolerance and may not be for everyone. Evaluate your personal portfolio goals to decide whether any of these 10 marijuana penny stocks fit with your investing plans.
As a bonus today, however, we're giving readers the chance to access a 90-page investment report with marijuana stocks that we do like. These stocks were hand-selected by Money Morning Director of Tech & Venture Capital Research Michael A. Robinson, who has been a board member for a Silicon Valley venture capital firm and a senior advisor to 12 high-tech startups.
Before we show you Robinson's marijuana stocks info, here are the top 10 marijuana penny stocks in 2016…
Top-Performing Marijuana Penny Stocks No. 10: Surna Inc.
Surna Inc. (OTCMKTS: SRNA) designs and distributes cultivation technologies, including chillers, reflectors, and irrigation systems, for the state-regulated cannabis industry. SRNA is up 78% year to date (YTD) and is currently trading at $0.125 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 9: Medical Marijuana Inc.
Medical Marijuana Inc. (OTCMKTS: MJNA) is a holistic company that produces natural remedies using cannabis-based oils. The company's products are used for dietary supplements, as well as prescription-grade hemp-oil treatments for illnesses and skin conditions. MJNA is up 141% YTD and is currently trading at $0.088 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 8: mCig Inc.
MCig Inc. (OTCMKTS: MCIG) sells and markets electronic cigarettes, vaporizers, and accessories under its various lifestyle brands. The company mostly caters its products to the legal cannabis and hemp markets. MCIG is up 182% YTD and is currently trading at $0.119 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 7: Canopy Growth Corp.
Canopy Growth Corp. (TSE: CGC) is a diversified marijuana company that produces and sells legal medical marijuana in Canada's market. CGC is up 192% YTD and is currently trading at $9.35 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 6: Supreme Pharmaceuticals Inc.
Supreme Pharmaceuticals Inc. (OTCMKTS: SPRWF) is a Canada-based medical marijuana company that focuses on developing drugs to target obesity. SPRWF is up 231% YTD and is currently trading at $1.20 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 5: Mentor Capital Inc.
Mentor Capital Inc. (OTCMKTS: MNTR) invests in medical and recreational marijuana companies. The firm has $140 million in capital and appears to function like a marijuana or cannabis index fund. MNTR is up 247% YTD and is currently trading at $0.975 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 4: American Cannabis Co.
American Cannabis Co. (OTCMKTS: AMMJ) provides consulting services to the marijuana industry, including business planning and license applications. The company also sells cultivation equipment and other products to cannabis companies. AMMJ is up 293% YTD and is currently trading at $0.590 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 3: AeroGrow International Inc.
AeroGrow International Inc. (OTCMKTS: AERO) develops indoor garden systems and other growing accessories, like lights and seedpod kits. While AeroGrow doesn't operate exclusively within the marijuana industry, it does appeal to marijuana producers with many of its products. AERO is up 332% YTD and is currently trading at $4.32 per share as of Tuesday intraday.
Top-Performing Marijuana Penny Stocks No. 2: United Cannabis Corp.
United Cannabis Corp. (OTCMKTS: CNAB) is a cannabinoid tech company that provides patent-pending technology, clinical data, and technical training to its clients. One of its intellectual properties includes the ACT Now Program, which is a cannabinoid therapy guide about dosing and delivery methods. CNAB is up 361% YTD and is currently trading at $0.980 per share.
Continue reading to find out the top-performing marijuana penny stock this year, which has posted staggering gains over 500%.
CANN gonna do a Bitcoin yo!
Just trying to get my foot in the door…
with these MMJ pennystocks are these ones you hold onto longterm?
Had 6 of the 10. Had to sell them off. No work has begun in the 8 states. The others are good stocks however have become fairly expensive. TRTC and CBIS are only ones thus far that turn in a few dollars.
Good knowledge
I'm not sure who or what to believe. When I first bought marijuana stock I did my research and KAYS and MSRT were two that came up as good bets. Now neither are even mentioned. I then checked out another one MJTK and that one is hard to find. So, How am I to believe, HEMP and MJNA are going to be winners. I'm beginning to think all this hype about marijuana stock is just that, hype.
I understand what you are saying and where you are coming from.
But, the absolute BOTTOM LINE that I must never forget again (and you not either) is that at the end….its all just a bet. Its a gamble no matter how good the research is.
Now, about this weed industry….Its a gamble also. But, I am jumping in. In my gut I feel good about it. I love the idea that I can buy 15,000 shares of a penny stock that has a price of .009 or something for a few hundred dollars. My goal is to pick 5-8 of these weed penny stocks and buy a few hundred of each/. Not spending a lot of money and just see what happens. Its possible in years as States legalize which will happen everything eventially that ONE of them, just one jumps up to $10 a share or more and DOES make me rich. I believe this can happen. I do believe that this new weed industry which is in infant stage…was just like the .dot com industry back in late 90's. Those that gambled and bought penny stocks…got rich before the bubble bursts. Those chickens lost out.
I am NOT losing out this time because this kind of industry JUST does not ever happen in our lifetime. Nothing like this has ever happened and probably never will where you get a product like weed that goes legal and automatically creates a multiple BILLION dollar economy of its own. Just doesnt happen. For most weed stocks if company is solid and has been growing has no where to go but UP in share price. Im doing it. I know I might lose, but it will only be a few hundred.
Are you daft? If you want to play it safe, buy Scotts Miricle Gro. SMG
I want to open a pennysshare acount .How much do you charge per transaction what bank do you use £300 is my limit