Top Marijuana Stocks to Watch This Week (Feb. 27)

how do I invest in marijuana stocks in 2017The marijuana industry in North America is projected to skyrocket from $6.7 billion in sales from 2016 to over $20 billion by 2020.

That's an increase of nearly 200% in just four years.

And because this is one of the best long-term growth industries for retail investors, we provide Money Morning readers the top marijuana stocks to watch each week.

The first pot stock on our radar for the week of Feb. 27 is Newgen Concepts Inc. (OTCMKTS: VPOR).

Newgen's Easy Grinder (a device used to make smoking cannabis easier) combines style and functionality.

As you can see in the video below, the Easy Grinder has an unveiling appeal similar to a new Apple Inc. (Nasdaq: AAPL) product.

And according to Newgen Concepts, the consumer response for the initial product run of Easy Grinder has been overwhelming...

In its initial run, the company planned to produce 20,000 units and generate $1 million in sales. But according to MMJReporter.com, the product is already sold out.

Newgen Concepts created this high demand through a few key marketing strategies.

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

The first marketing strategy was the creation of its video, showing the product being used. The company released the video on Feb. 14, and it has over 32,000 views as of Feb. 27.

The second marketing strategy was to promote the Easy Grinder at trade shows.

The most recent trade show Newgen attended was the Champs Trade Show in Las Vegas. The Champs Trade Show calls itself the premier counterculture B2B expo.

Newgen reportedly accepted retail pre-orders for the Easy Grinder at Champs, as well as the other trade shows it attended.

While the demand for Easy Grinder is impressive, Newgen is not the only marijuana stock on our radar this week...

That's because this next pot stock to watch could climb nearly 170% in the next year after a recent pullback in its stock price...

One of the Top Marijuana Stocks to Watch Now

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MassRoots Inc. (OTCMKTS: MSRT) is a social media app that allows marijuana enthusiasts to post content and follow their favorite marijuana dispensaries.

But even though it's considered a social app, its stock price can have volatile price swings if there's negative news about the marijuana industry.

For example, press secretary Sean Spicer said on Feb. 23 there could be greater enforcement of federal marijuana laws under the Trump administration.

That caused the MSRT stock price to plummet over 18% in intraday trading on Feb. 24. Even CEO Isaac Dietrich told Business Insider the MSRT stock price can take a beating.

But MassRoots stock can bounce back...

That's because it's considered a medical cannabis app. So while the Trump administration may crack down on recreational marijuana use under federal law, medical cannabis use will most likely remain a state issue.

And because of the recent pullback in the MSRT stock price, there's one big reason to watch it: The MSRT stock price has a one-year price target of $2.45, according to FactSet.

That means from its closing price of $0.91 on Feb. 24, it could climb 169.23% in just one year.

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.

Maryland marijuana

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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