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Marijuana is now legal in some form in more than half of the U.S. states. That's creating one of the fastest-growing industries in North America.
While pot stocks are still speculative investments, we are keeping an eye on the top marijuana stocks to watch in 2017 as more states legalize cannabis.
As of November, you can buy marijuana for either recreational or medicinal purposes in 28 states and the District of Columbia. If voters have their way in 2017, we'll be looking at another five states potentially legalizing marijuana soon: New Mexico, Rhode Island, Vermont, New Jersey, and Delaware.
And even more states could put marijuana legalization on their ballots in the next few years...
According to a recent Gallup poll (October 2016), a majority of Americans (60%) now support the legalization of marijuana.
That's why long-term investors are betting on marijuana legalization being more than just a trend.
And some shareholders have watched this first pot stock climb over 489% in the last 12 months...
Marijuana Stocks to Watch Now No. 3: General Cannabis Corp.
General Cannabis Corp. (OTCMKTS: CANN) is a Colorado-based company founded in 2013.
General Cannabis leases cultivation and office space to growers and works as a one-stop shop for companies in the industry.
It sells surveillance equipment and provides cash transportation services and delivery services for marijuana dispensaries and growers.
General Cannabis also provides consultation services to cannabis companies. It helps new businesses with branding strategies, market research, and locating sources of capital for startup and growth.
It also makes and sells apparel under the name "Chiefton."
The CANN stock price opened this morning at $2.15 per share. While it's down 31.87% in 2017, it has climbed 489.19% over the last 12 months.
And the next marijuana stock on our watch list has already climbed 30.65% in 2017...