Each week, Money Morning provides its readers with a list of the top marijuana stocks to watch. That's because forward-thinking investors are already plotting their seven-figure weed windfall from the top pot stocks in every ecosystem.
Here are just a few of the examples of marijuana stocks that have climbed triple digits:
- The Mentor Capital Inc. (OTCMKTS: MNTR) stock price has climbed over 350% in the last 12 months.
- The GW Pharmaceuticals Plc. (Nasdaq ADR: GWPH) stock price has climbed over 167% in the last 12 months.
- The Cara Therapeutics Inc. (Nasdaq: CARA) stock price has also climbed over 111% in the last 12 months.
And we have even more marijuana stocks that should be on your radar...
Editor's Note: Investing in marijuana stocks is still speculative because it's still illegal under federal law. So before making any investments, make sure to read this.
We're watching three this week, and the first one is Sugarmade Inc. (OTCMKTS: SGMD).
Sugarmade is a distributor of paper products from non-wood sources, and it produces custom-printed and generic takeout supplies for the restaurant industry.
However, Sugarmade is leveraging its expertise in containers and packing into the marijuana industry...
On Jan. 24, Sugarmade announced it would become the exclusive manufacturer of SmellPro, a cannabis transport system.
SmellPro is nearly smell-proof and allows for more discrete shipping of cannabis. According to PR Newswire, SmellPro utilizes the proprietary polyamide sandwiched tri-liners developed for Sugarmade's CannaShroud products.
Sugarmade also has another product in the marijuana industry called DabBox, a unique concentrate packaging product for processors and dispensaries.
So far in 2017, the SGMD stock price has climbed 78.46%.
And if you think that's impressive, you won't want to miss these next two marijuana stocks on our radar.
One of the stocks we are about to share has climbed over 4,000% in the past 12 months...
2 of the Top Marijuana Stocks to Watch This Week
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One of the top marijuana stocks to watch this week is Greengro Technologies Inc. (OTCMKTS: GRNH).
Greengro designs, manufactures, and markets ecofriendly vertical cultivation systems in the United States. The company also offers lighting products, nutrient mixers, cloning systems, and table stands.
And here's why GRNH is on our radar this week...
On Jan. 25, Greengro announced it was acquiring 55% (a majority interest) of Biodynamics LLC. Biodynamics is based in Ohio and specializes in innovative renewable energy and controlled environment agriculture (CEA) business solutions.
According to its website, Biodynamics provides the best products at the best prices for hydroponic gardeners and commercial growers.
Greengro CEO James Haas reportedly said his company can now offer one of the most energy-efficient turnkey systems on the market.
The GRNH stock price has been volatile over the last 52 weeks, trading between $0.02 and $0.09 per share. But over the last 12 months, GRNH has climbed 225%.
Special Report: Cannabis Is The Gold Rush of the 21st Century. 30 Stocks to Invest in Now.
The next marijuana stock on our watch list this week is Aurora Cannabis Inc. (CVE: ACB).
Aurora Cannabis produces and sells medical cannabis in Canada. The company sells THC, CBD, indica, sativa, and hybrid marijuana strains.
And ACB is on our marijuana stock watch list this week because the company is rapidly growing its clientele.
Aurora sold its first product in January 2016 and surpassed 12,000 active registered patients by December 2016.
And Aurora's clientele is about to get even bigger.
Right now, Aurora only sells cannabis to qualified medical patients. But Canadian Prime Minister Justin Trudeau is expected to present new marijuana legislation in the spring of 2017 that could legalize recreational marijuana use.
And according to a 2015 poll conducted by Forum Research, 20% of Canadians smoke marijuana. That means out of the roughly 35 million citizens living in Canada (as of 2013), Aurora could have 7 million new customers to target.
Over the last 12 months, the ACB stock price has climbed over 4,000%.
Bonus Opportunity
The vote across America for marijuana legalization is expected to create one of the biggest wealth grabs in history, transforming everyday Americans into millionaires overnight.
Already, eight states have legalized recreational marijuana.
And 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.
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