Long-term investors are already plotting their course to seven-figure weed windfalls with the top marijuana stocks to watch today.
But finding the best marijuana stocks to watch isn't always easy.
That's because most marijuana stocks trade over the counter (OTC), and stocks listed on OTC markets aren't generally covered by analysts.
It's also difficult to find press releases and updates about cannabis companies.
So to help our readers each week, Money Morning shares news, catalysts, and events that could move pot stock prices.
And the first cannabis investment on our radar this week could make history...
According to NewCannabisVentures.com, the ETF Managers Group has filed a registration statement on Feb. 16 for what could be the first marijuana exchange-traded fund (ETF).
It will be known as the Emerging AgroSphere ETF, and AgroSphere will hold medical cannabis companies in its portfolio. According to the filing, the ETF will only hold medical marijuana companies in the United States, Canada, and other countries until recreational marijuana use becomes legalized.
This is good news for investors, as there are two big benefits to owning an ETF...
First, ETFs can give investors exposure to a variety of stocks, bonds, and commodities. This can limit losses, as the losses from one stock can be offset by the gains from another.
And the second benefit of an ETF is it gives investors exposure to top stocks at a fraction of the cost.
Special Report: Cannabis Is the Gold Rush of the 21st Century - 30 Stocks to Invest in Now
As marijuana stock prices climb and become more expensive, the Emerging AgroSphere ETF could be a cost-effective investment tool.
While we wait to see if this marijuana ETF is listed, we have a marijuana stock on our radar that you could invest in now.
In fact, this stock has climbed over 5,000% in the last 12 months...
Top Marijuana Stock to Watch This Week
For risk-adverse investors, Crown Baus Capital Corp. (OTCMKTS: CBCA) is one of the best marijuana stocks to watch.
That's because Crown Baus isn't strictly a marijuana stock.
It's a global acquisition-based conglomerate that operates in five industries:
- High-tech incubation
- Drug development
- Entertainment and media
- Education
- Financial services
The diversification makes owning CBCA less risky, while still allowing shareholders to profit from the booming marijuana industry.
And Crown Baus' most recent marijuana investment was on Feb. 17.
According to Yahoo Finance, Crown Baus signed a 100-acre investment participation deal with Cannabis Science Inc. (OTCMKTS: CBIS).
The agreement includes manufacturing capabilities, laboratory use, and cultivation, and the 100 acres are spread across Nevada and California.
This partnership will serve as a model for other projects that can be developed as more states legalize marijuana, according to Yahoo Finance.
Over the last 12 months, the CBCA stock price has skyrocketed 5,444.44%. It's also had a strong run thus far in 2017, climbing 399%.
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.
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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