Top Marijuana Stocks to Watch This Week (April 3)

Here's a sign of just how popular the marijuana industry has become: According to Cannabiz Consumer Group, 27% of U.S. beer drinkers are legally purchasing marijuana instead of beer or said they would purchase marijuana instead if it were legalized in their state.

And this growing popularity means the profit opportunity from the top marijuana stocks is going to be huge.

For example, Greengro Technologies Inc. (OTCMKTS: GRNH) has climbed 40% in the last 12 months. Meanwhile, the Dow has climbed just 16.12%. And that's why it's one of the top marijuana stocks to watch this week.

The California-based company designs, manufacturers, and markets eco-friendly cultivation systems across the United States.

It has a wide range of products and services, including:

  • Lighting products
  • Cloning systems
  • Tea brewers
  • Consultation and management services

And we're watching Greengro specifically this week because of a million-dollar deal...

GRNH received a down payment of $600,000 on March 31 from Fresh Local Produce of Ohio, according to Greengro's website. The down payment is part of a $7.4 million franchise deal for a PV-solar greenhouse.

Fresh Local will have access to Greengro's proprietary CEA grow systems and growing techniques. Greengro will receive a 5% royalty on all produce, according to

top marijuana stocks

Some GRNH shareholders may be surprised to learn Fresh Local's main product is lettuce. But that's great news because Greengro can generate revenue through a legal industry until medical marijuana is legalized throughout the United States.

And after doing some extensive research, I also found another pot stock I had to tell our readers about...

But before I do, I wanted to make sure Money Morning readers understand this isn't a firm recommendation. Marijuana is illegal under federal law, which makes pot stocks speculative investments.

Trending: Celebrity Marijuana Strains Are the Newest Trend to Watch for Pot Stocks

Most trade on over-the-counter markets that aren't regulated like the Nasdaq and New York Stock Exchange (NYSE), and most pot stocks are penny stocks, which are known to be extremely volatile.

Having said that, one cannabis stock has a potential profit opportunity you have to know about...

The Marijuana Stock That Could Climb 201%

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One of the top marijuana stocks to watch for long-term gains is 22nd Century Group Inc. (NYSEMKT: XXII). It was founded in 1998 and uses genetic engineering and plant breeding to increase or decrease the level of nicotine in tobacco plants and cannabinoids in cannabis plants.

And some new scientific studies could move the XXII stock price much higher...

At the 23rd Annual Meeting of the "Society for Research on Nicotine & Tobacco" on March 8-11, scientists from around the world revealed 12 new studies. The studies included 22nd Century's low-nicotine cigarettes.

According to, 22nd Century said scientists are urging policy makers to create laws to support the use of cigarettes with non-addictive nicotine levels. The cannabis firm claims it's the only company in the world capable of creating combustible tobacco with low nicotine levels without the use of artificial or chemical-based extraction processes.

The XXII stock price has been on a tear over the last 12 months, climbing more than 47%. That's great if you knew about 22nd Century Group and made gains of nearly 50%.

However, there could be an even bigger profit opportunity over the next year...

Analysts at Chardan Capital Markets have a one-year price target of $3.50. From today's opening price (April 3) of $1.16, that could be a potential profit of 201.72%.

While we're focusing this week on GRNH and XXII, our readers know there are a lot of other ways to play the booming cannabis industry...

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 Technology & Venture Capital Research Michael A. Robinson has created the "bible of weed investing" for Money Morning readers.

Who Is Marijuana Stock Guru 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 using 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.

Our Readers Rave About Michael A. Robinson

“Just a note to let you know, I read hundreds of emails a day, many from news sources like Huffington Post and dozens of investment newsletters, some trying to sell me a subscription and some I subscribe to, but none of them provide me the forward thinking and outstanding reporting on the future of science, industry and humanity as does your reporting. I love it and hope you never stop.” ~ Jay C.

“We need more people like you on the planet – keep up the incredible research you are doing – make it happen. My glass is always half full.” ~Calvin M.

“Your column is absolutely fascinating. It makes me dream, and feel hope.” ~ Elizabeth R

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 TimesAmerican Enterprise, and The Wall Street Journal.

His research is world class, too. The Oakland TribuneDetroit NewsThe San Francisco ExaminerThe Kansas City TimesWealth 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.

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