20 Marijuana Stocks to Watch in 2017

marijuana stocks to watch in 2017Legal marijuana sales in the United States could reach $3.9 billion in 2017, which is why we have our eyes on these 20 marijuana stocks to watch in 2017.

The legal marijuana industry just scored big victories with legalization in Nevada, Maine, Massachusetts, and California on Nov 8. And in the spring of 2017, Canada will review its marijuana policy.

It may be the next country to legalize recreational marijuana.

That means marijuana could become the fastest-growing industry in North America...

However, investors still need to keep in mind investing in marijuana stocks is speculative. That's because marijuana is still illegal under federal law.

This is also not a list of recommendations. Rather, it's stocks to keep an eye on as the barriers for marijuana companies are removed through legalization. And along with our 20 marijuana stocks to watch, we will also show you how to get a 90-page investment guide to help you navigate the marijuana industry.

Let's get started with our first marijuana stock to watch in 2017...

Marijuana Stocks to Watch in 2017 No. 20: Grow Solutions Holdings Inc.

Grow Solutions Holdings Inc. (OTCMKTS: GRSO) provides services and products for processing, growing, and dispensing marijuana in the United States.

It provides indoor and outdoor garden supplies and equipment, as well as equipment for growing legal marijuana. Grow Solutions also provides consulting and construction services to approved and licensed legal cannabis companies.

Grow Solutions is based in New York and was founded in 2014.

BRILLIANT: Average Americans Are Becoming Marijuana Millionaires

The GRSO stock price is down 66% in the last 12 months.

Marijuana Stocks to Watch in 2017 No. 19: Mountain High Acquisitions Corp.

Mountain High Acquisitions Corp. (OTCMKTS: MYHI) acquires commercial facilities to lease to commercial marijuana companies in Colorado.

Mountain High completed its acquisition of GreenLife BotaniX Inc. in February 2015. GreenLife developed and marketed CBD hemp oil infused with nutraceutical products.

In June 2016, the company also announced it was creating a strategic think-tank to assist in new business and bridge financing plans.

The MYHI stock price is up 53% in the last 12 months.

marijuana stocks to watch
Source: FactSet

Marijuana Stocks to Watch in 2017 No. 18: Social Life Network Inc.

Social Life Network Inc. (OTCMKTS: WDLF) owns and operates a social network site called WeedLife Network.

WeedLife functions like a search engine. However, it focuses strictly on the marijuana industry. Marijuana websites can use WeedLife to display deals and coupons and provide dispensary maps.

WeedLife also has a free website builder and search engine optimization tools.

WDLF has climbed from its opening price of $0.07 on Sept. 10 to $0.29 on Nov. 29.

Marijuana Stocks to Watch in 2017 No. 17: Terra Tech Corp.

Terra Tech Corp. (OTCMKTS: TRTC) describes itself as a "vertically integrated cannabis-focused agriculture company."

Terra Tech creates sustainable solutions for the medical marijuana industry by providing production, extraction, distribution, plant science research, and Closed Environment Agriculture (CEA).

It refers to its dispensary model as a "Starbucks model." Terra Tech says patients can expect the same look, feel, experience, and sense of security at every location.

The TRTC stock price has a 52-week trading range between $0.09 and $0.75.

Marijuana Stocks to Watch in 2017 No. 16: NOW Corp.

NOW Corp. (OTCMKTS: NWPN) was founded in 1993 and is headquartered in Portland, Ore.

NOW Corp. owns five acres of farmland in Colorado. Its business model is to farm, produce, develop, and commercialize recreational and industrial hemp. The company's main product now is CBD oil extracted from cannabidiol plants.

NOW Corp. is allowed to currently produce and distribute CBD oil to most U.S. states because it contains little to no psychoactive ingredients.

When there are less restrictions on hemp sales, NOW plans to expand production for more industrial uses for hemp.

The NWPN stock price is down 88% over the last 12 months.

Marijuana Stocks to Watch in 2017 No. 15: Medical Marijuana Inc.

Medical Marijuana Inc. (OTCMKTS: MJNA) is an investment holding company for industrial hemp and medical marijuana markets.

Medical Marijuana Inc. prides itself on being a company of "firsts."

MJNA was the first publicly traded cannabis company in the United States in 2009, and the first to deliver cannabis brands across U.S. state lines and international borders in 2012.

It was also the first company to introduce legal medical cannabis products to Brazil in 2015, as well as the first company to bring medical cannabis products to Mexico in 2016.

Medical Marijuana Inc. sells pure CBD hemp oil, gum, and capsules.

The MJNA stock price has soared over 200% so far in 2016.

marijuana stock
Source: FactSet

Marijuana Stocks to Watch in 2017 No. 14: Lexaria Bioscience Corp.

Lexaria Bioscience Corp. (OTCMKTS: LXRP) is based in Vancouver, Canada. It was founded in 2004 and changed its name from Lexaria Corp. in April 2016.

Lexaria has two consumer product brands called ViPova and Lexaria Energy. Under the ViPova brand, Lexaria launched a black tea infused with hemp oil in January 2015. Lexaria plans to eventually expand the ViPova line with more teas, coffees, and related goods.

Lexaria Energy products provide edibles infused with hemp oil for all 50 states. Lexaria also plans to eventually launch a hemp oil-infused protein bar.

The LXRP stock price has climbed over 14% in the last 12 months.

Marijuana Stocks to Watch in 2017 No. 13: Itonis Inc.

Itonis Inc. (OTCMKTS: ITNS) was founded in 2005 and is headquartered in Laguna Hills, Calif.

Itonis is developing homeopathic anti-nausea products to sell over the counter to alleviate mild to moderate nausea.

Itonis entered the marijuana industry in 2014 when it signed a licensing agreement with mobile payment app MyECheck. This agreement allows Itonis to offer the first and only payment service targeting the medical marijuana industry in Southern California, according to its website.

Over the last 12 months, the ITNS stock price has climbed 46%.

Marijuana Stocks to Watch in 2017 No. 12: Zoned Properties Inc.

Zoned Properties Inc. (OTCMKTS: ZDPY) identifies, develops, and leases sophisticated and sustainable properties for emerging industries such as legalized marijuana.

The unique needs of marijuana companies allow Zoned Properties to make more rental income, according to its website.

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

Zoned Properties has a premium rent per square foot of $32 to $40, average lease terms of 15 years, and eight buildings in its portfolio.

The ZDPY stock price is down 74% so far in 2016.

Marijuana Stocks to Watch in 2017 No. 11: Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions (OTCMKTS: REFG) is a software company that provides technology solutions for the medical marijuana industry.

According to its website, Medical Cannabis has the most technologically advanced seed-to-sale (S2S) system on the market. Its system provides compliance and management technology for growers and dispensaries.

Medical Cannabis also has three affluent board members, including former presidential candidate Gary Johnson, former vice presidential candidate James P. Gray, and business executive G. Richard Kasteler (CEO of Insure-Rite Inc.).

Over the last 12 months, REFG has climbed 262%.

Continue reading for 10 more of the top marijuana stocks to watch in 2017...

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Marijuana Stocks to Watch in 2017 No. 10: Mentor Capital Inc.

Mentor Capital Inc. (OTCMKTS: MNTR) was founded in Silicon Valley in 1985, and it went public in 1995. Mentor Capital acquires large positions in medical and recreational cannabis companies. It also provides liquidity for cannabis companies.

Its holdings and investments include:

  • Nevada Cannabis Ventures
  • GW Pharmaceuticals
  • MicroCannaBiz LLC
  • Brighter Day Health

Mentor Capital invests in the recreational marijuana market because it overlaps with the medical marijuana market. But it prefers to focus on applications for medical marijuana to calm seizures, Parkinson's disease, cancer wasting, and chronic pain.

The MNTR stock price has climbed 173% in the last 12 months.

Marijuana Stocks to Watch in 2017 No. 9: Canopy Growth Corp.

Canopy Growth Corp. (OTCMKTS: TWMJF) produces and sells medical marijuana in Canada.

Canopy boasts that it has the largest marijuana-producing greenhouse in the world, known as Tweed Farms. Tweed Farms has over 350,000 square feet of licensed production space.

One of Canopy Growth's most high-profile investors is musician Snoop Dogg. After unveiling a line of products in partnership with Snoop Dogg on Oct. 6, the TWMJF stock price climbed as high as 13% in intraday trading.

The TWMJF stock price is up over 300% in the last 12 months.

states that just legalized marijuana
Source: FactSet

Marijuana Stocks to Watch in 2017 No. 8: Cannabis Sativa Inc.

Cannabis Sativa Inc. (OTCMKTS: CBDS) develops, manufactures, and sells herbal-based skin products in the United States and abroad.

Cannabis Sativa sells a deep penetrating healing salve and a relief ointment for migraines and sinus headaches. Cannabis Sativa also researches, develops, and licenses marijuana products like edibles, topicals, recipes, and delivery systems.

Before running for president, Gary Johnson was the CEO.

The CBDS stock price is down 5% so far in 2016.

Marijuana Stocks to Watch in 2017 No. 7: Kush Bottles Inc.

Kush Bottles Inc. (OTCMKTS: KSHB) was founded in 2010 and is headquartered in California.

It markets and sells packaging products for recreational and medical marijuana companies. Kush also has an in-house marketing and branding team that can create logos, brochures, and websites.

Kush also sells pipes, rolling papers, and rolling devices.

Must Read: Former Google Exec Quits Dream Job to Launch Marijuana Empire

Over the last 12 months, the KSHB stock price has climbed 11%.

Marijuana Stocks to Watch in 2017 No. 6: General Cannabis Corp.

General Cannabis Corp. (OTCMKTS: CANN) was founded in 2013 and is headquartered in Denver, Colorado.

In addition to the leasing of cultivation space, General Cannabis also provides and sells:

  • Video surveillance
  • Cash transportation
  • Apparel
  • Consultation services
  • Office space

The CANN stock price has climbed 496% over the last 12 months.

Marijuana Stocks to Watch in 2017 No. 5: CV Sciences Inc.

CV Sciences Inc. (OTCMKTS: CVSI) manufactures, markets, and sells plant-based CBD products. The products include specialty foods, beauty care, and vaping smoke products.

CV Sciences is currently working on synthetically formulated cannabidiol-based medicine that will need approval from the U.S. Food and Drug Administration (FDA). According to its website, CV Sciences has achieved promising results from preclinical trials using cannabinoid medicines for treating a range of medical conditions.

Over the last 12 months, the CVSI stock price has dropped 99%.

Marijuana Stocks to Watch in 2017 No. 4: MassRoots Inc.

MassRoots Inc. (OTCMKTS: MSRT) calls itself a "social platform for marijuana."

MassRoots has a mobile application and web portal where users can share content, stay connected with legalization news, and follow their favorite dispensaries.

MassRoots may just be three years old, but it has over 900,000 users. CEO Isaac Dietrich told Money Morning Associate Editor Cameron Saucier at the end of October that MassRoots plans to be cash-flow positive on a monthly basis by the end of 2016.

The MSRT stock price is down 4% in the last 12 months.

Marijuana Stocks to Watch in 2017 No. 3: Growblox Sciences Inc.

Growblox Sciences Inc. (OTCMKTS: GBLX) researches and develops medical cannabis drugs and treatments.

Growblox produces measurable medical-grade marijuana, marijuana concentrates, and cannabinoid therapies through technologies in plant biology cultivation.

It focuses on what it feels is the most urgent need for patient relief. Glowblox uses its research to address pancreatic cancer, Parkinson's disease, Alzheimer's disease, and epilepsy.

The GBLX stock price is up 140% so far in 2016.

Marijuana Stocks to Watch in 2017 No. 2: Scotts Miracle-Gro Co.

Most investors won't consider Scotts Miracle-Gro Co. (NYSE: SMG) a marijuana stock.

But Money Morning Director of Tech & Venture Capital Research Michael A. Robinson thinks it's a stock to watch.

Scotts Miracle-Gro already has an established business model, selling its gardening products in retailers like Home Depot Inc. (NYSE: HD) and Wal-Mart Stores Inc. (NYSE: WMT).

Now, Scotts CEO Jim Hagedorn is expanding his core business to the marijuana industry...

He invested $120 million in a hydroponics equipment company in July 2016, and Hagedorn bought two companies that sell fertilizer and accessories for marijuana growers in 2015.

Along with a new revenue source, SMG is a stock to watch because it already offers an attractive dividend of $0.50 with a yield of 2.18%.

Over the last 12 months, the SMG stock price has climbed 31%.

Marijuana Stocks to Watch in 2017 No. 1: GW Pharmaceuticals Plc.

GW Pharmaceuticals Plc. (Nasdaq ADR: GWPH) was founded in 1998 and is based in the United Kingdom.

GW discovers, develops, and commercializes cannabinoid prescription medicines. GW Pharmaceuticals developed the first prescription derived from a cannabis plant. It's used to treat spasticity.

GW currently is working on a product called Epidolex. It will be used to help patients with rare epilepsy disorders.

If more states legalized marijuana and it's no longer a Schedule I drug, GW will be able to offer more plant-derived therapeutics.

So far in 2016, the GWPH stock price has climbed 70%.

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.

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