There's some big news about the top marijuana stock to watch this week: One company is launching a product with a $699.95 price tag that has state-of-the-art LED technology that could be a game-changer for growers.
Through our free Money Morning Profit Alerts service, this is the type of news we deliver directly to our readers every day in real time.
Cannabis Is Big Business
We're focused on the marijuana industry right now because of the massive wealth it could create for retail investors.
Sales in North America alone are expected to skyrocket from $6.7 billion in 2016 to over $20 million by 2020.
That's a potential 198% increase in sales in just four years.
You see, this explosive growth reminds us of two other companies. These two companies were both startups in emerging industries but are now valued at $408 billion and $403 billion. They may have been thought of as risky investments at the time, but now they are both household names.
But some forward-thinking investors have profited over 2,800% from just one of the two companies we are about to mention...
Marijuana Stocks Could Provide Massive Long-Term Profits Like These Stocks
On May 15, 1997, Amazon.com Inc. (Nasdaq: AMZN) stock opened to the public at $29.25 per share. At the time, Amazon was just a bookseller.
Now, Internet shoppers can do everything on Amazon from streaming movies to ordering groceries.
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In fact, 80% of U.S. consumers make at least one purchase from Amazon each month as of December 2016, according to DMR.
And forward-thinking investors who believed that online shopping was more than just a trend have been rewarded with quadruple-digit gains.
From today's opening price of $851.51, the AMZN stock price has climbed 2,809.40% since May 15, 1997.
Another company that has rewarded forward-thinking investors is Facebook Inc. (Nasdaq: FB).
Much like online shopping, social media networks were just viewed as something trendy that didn't have growth potential. Analysts based that on MySpace, a popular social media network site in the early 2000s.
MySpace sold for $525 million in 2005 to NewsCorp, but its value fell to $35 million when Specific Media bought it in 2011.
However, Facebook CEO Mark Zuckerberg turned his social network site into much more than a place to share status updates. For example, hotel customers can use Facebook's Messenger to book rooms and check on reservations, and Facebook is adding job network features to its site.
For retail investors who bought FB stock at $42.05 per share on its May 18, 2012, IPO date, that investment has climbed 232.39%.
I know what you're thinking: Amazon and Facebook operate in completely different industries. They sell legal products and ad space, while marijuana is still illegal under federal law.
That's 100% true.
But what the marijuana industry has in common with Amazon and Facebook is the long-term growth opportunity.
You see, from growers to cannabis real estate investment companies, the industry is much bigger than analysts realize. And just like how Amazon is more than a bookseller and Facebook is more than a social network, the cannabis industry is more than just buying and selling marijuana.
With 60% of U.S. citizens supporting marijuana legalization (the largest percentage recorded in Gallup's 47-year trend), it's only a matter of time before each state legalizes medical marijuana.
After that, recreational marijuana legalization in each state won't be far behind.
When that happens, marijuana won't be viewed as such a risky industry, and long-term investors could generate massive profits.
For this week, the company we're watching shouldn't be considered a recommendation. Rather, it's a stock to watch for our readers who are following the marijuana industry.
Here is the top marijuana stock on our watch list for March 20...
The Top Marijuana Stock to Watch Right Now
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Our top marijuana stock to watch this week is UA Media Inc. (OTCMKTS: UAMM).
UA Media owns two websites: CannaMedi.com and Cannaxa.com. CannaMedi is an information portal that offers current developments on the medical marijuana industry. It also provides information on health and treatments of illnesses using cannabinoid-based remedies.
Cannaxa is a site for medical marijuana patients to find doctors, dispensaries, and delivery services. It also allows its users to exchange ideas and product reviews.
And we're watching UAMM this week because of a new product launch...
According to a March 17 report from MMJReporter.com, UAMM sells advanced indoor horticultural grow stations.
The grow stations will have state-of-the-art LED technologies, which will reportedly help create a healthier and more robust harvest. The stations will cost $699.95, but the company is running a promotion until the end of June where the stations will only cost $499.95.
UA Media will use Cannaxa.com to market the grow stations.
And while UAMM is on our watch list this week, there are even more marijuana stocks that could net investors long-term gains.
You see, 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.
That's why Money Morning Director of Tech and Venture Capital Research Michael A. Robinson has created the "bible of weed investing" for Money Morning readers...
Who Is Michael Robinson?
Michael is one of our most prominent and respected investing "gurus" here at Money Map Press - and for good reason. He is one of the top financial analysts working today. Make no mistake: Michael's ideas are completely his own. He's a true original. He works solely for Money Map Press... and receives absolutely no compensation from companies he writes about.
His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style.
Michael's 30-year track record as a leading tech analyst has garnered him rave reviews, too.
As editor of the financial newsletter American Wealth Underground, Michael amassed an amazing track record utilizing rigorous investing. The first analyst to uncover the rare earth mineral crisis, he amassed cumulative gains of 990% for his readers in just 16 months.
It's no wonder that prestigious publications vie for his analysis. He's written for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
His research is world-class, too. The Oakland Tribune, Detroit News, The San Francisco Examiner, The Kansas City Times, Wealth Magazine, and American Banker all publish his reporting. He has appeared on Larry King's syndicated radio show.
Robinson has an honors economics degree from the University of Missouri at Columbia with a minor in journalism.
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.
Normally valued at $499, it can be yours absolutely free. To learn how to get your free copy, click here.
This offer is only available to the first 500 people who respond today. So please go here now to reserve your copy.