We've brought readers a list of the top marijuana stocks to watch today, because the marijuana market is one of the fastest-growing industries in the world.
In 2016, marijuana sales in the United States topped $6.7 billion. But by 2020, that number is expected to soar nearly 200% to $20 billion.
Keep in mind, marijuana investing is still speculative. And these are not stocks we specifically recommend. However, it's a great idea for investors to keep informed about marijuana companies given the potential future growth in the industry.
Marijuana is becoming legal in more and more states, and Canada will vote on full legalization this spring.
True, there is no federal law legalizing weed throughout the United States. But more and more states are going in the direction of full legalization.
Of course, when sales rise, profits and stock prices often follow.
All that leads to our list of top marijuana stocks to watch today.
Top Marijuana Stocks to Watch Today No. 10: Mentor Capital Inc.
Mentor Capital Inc. (OTCMKTS: MNTR) was founded in 1985, and it went public 10 years later. MNTR is focused on cannabis for both medical and recreational purposes. Its goal, however, is to target medical applications for conditions like seizures, Parkinson's disease, weight loss from cancer, and chronic pain. Its recreational holdings exist largely because of the crossover between medical and recreational use.
MNTR has skyrocketed 197% per share over the past year.
Top Marijuana Stocks to Watch Today No. 9: Canopy Growth Corp.
Looking for a way to invest in Canadian weed? Canopy Growth Corp. (OTCMKTS: TWMJF) is engaged in the production and selling of cannabis for medical purposes in Canada.
Not only that, but Canopy says it has the biggest greenhouse in the world dedicated to pot, Tweed Farms. The greenhouse boasts more than 350,000 square feet of space.
In the past year, TWMJF's share price has soared 330%.
Top Marijuana Stocks to Watch Today No. 8: Cannabis Sativa Inc.
Cannabis Sativa Inc. (OTCMKTS: CBDS) is engaged in the development, manufacture, and sale of skin products based on cannabis, both domestically and internationally.
Cannabis Sativa sells to the medical marijuana market with products like a deep-penetrating healing ointment that is used for sinus and migraine headaches. It also sells edible marijuana products.
CBDS is up a whopping 1,561% over the past 12 months.
Top Marijuana Stocks to Watch Today No. 7: Kush Bottles Inc.
California-based Kush Bottles Inc. (OTCMKTS: KSHB) has been in business for seven years. As its company name implies, it is engaged in packaging for pot companies, both recreational and medical. It also sells rolling papers, rolling devices, and pipes.
In the past year, the stock has risen more than 32%.
Top Marijuana Stocks to Watch Today No. 6: General Cannabis Corp.
General Cannabis Corp. (OTCMKTS: CANN) was started in the first state to legalize marijuana, Colorado. It leases cultivation space as a primary business.
Its other business focus is on transportation and security in the marijuana trade, including video surveillance, transportation of cash, consultative work, and office space. It also makes and sells apparel.
CANN shares have risen 534% in the last year.
Top Marijuana Stocks to Watch Today No. 5: CV Sciences Inc.
CV Sciences Inc. (OTCMKTS: CVSI) is engaged in foods, personal care, and vape smoke products.
Right now, CVSI is researching synthetic cannabidiol-based medicine that needs eventual U.S. Food and Drug Administration approval to be marketed. If it is approved, it is expected to treat multiple medical conditions.
CVSI shares have advanced 16% in 2017 to date.
Top Marijuana Stocks to Watch Today No 4: MassRoots Inc.
Want to invest in a social platform for pot? That's what MassRoots Inc. (OTCMKTS: MSRT) dubs itself.
The company offers a mobile app and Internet portal. Its users can follow news about legalization, share content with other users, and look up news about dispensaries.
The company has only been in existence three years, but already has more than 900,000 users on its sites.
MSRT shares have been mostly flat for the last year.
Continue reading for the top three marijuana stocks to watch in 2017. One of these stocks has already climbed 100% in the last year…