Marijuana legalization has dominated headlines since November 2016. That's when Massachusetts, Maine, and California voted to legalize recreational marijuana.
And as more states vote for legalization, we want to make sure our readers know about the top marijuana companies to watch now.
These aren't recommendations because cannabis is still illegal under federal law. That makes pot stocks speculative investments. But because sales in North America reached $6.7 billion in 2016, it's important for investors to know about the top cannabis companies.
And the first marijuana stock on our list has climbed 95.58% so far in 2017…
Top Marijuana Companies No. 7: Mentor Capital Inc.
Mentor Capital Inc. (OTCMKTS: MNTR) was founded in 1985 and is based out of California.
It's a private-equity firm that specializes in acquisitions and investments in emerging growth industries. Mentor provides funding and liquidity to medical and recreational marijuana companies.
According to Yahoo Finance, Mentor Capital prefers to invest in companies with sales greater than $40 million.
Brilliant: Celebrity Marijuana Strains Are the Newest Trend to Watch for Pot Stocks
MNTR stock trades for roughly $2 per share, and the MNTR stock price has climbed 95.58% so far this year.
Top Marijuana Companies No. 6: Cannabis Sativa Inc.
Cannabis Sativa Inc. (OTCMKTS: CBDS) develops, manufactures, and sells herbal-based skin products across the globe.
Cannabis Sativa sells a relief ointment for migraines and sinus headaches. Cannabis Sativa also researches, develops, and licenses marijuana products like edibles, topicals, recipes, and delivery systems.
Gary Johnson was the CEO before running for president in 2016.
So far in 2017, the CBDS stock price is up 1.86%.
Top Marijuana Companies No. 5: Kush Bottles Inc.
Some of the top marijuana companies sell products related to pot consumption rather than pot itself.
For risk-averse investors, this is one way to play the cannabis industry.
One such company is California-based Kush Bottles Inc. (OTCMKTS: KSHB). It sells packaging materials for both medical and recreational users.
The KSHB stock price has been volatile over the last 52 weeks, trading between $0.90 and $5 per share. So far in 2017, KSHB has dropped 3.35%.
The next marijuana stock to watch on our list has climbed over 260% in the last 12 months and could continue those gains…
I am new to the Stock Market. I saw that investing in Marijuana Penny Stocks could fuel my retirement funds. So, here I am following Money Morning and Nova-X-Report, with the help with Michael Robinson I have made a few purchases. So, I will be following Michael on Money Morning.
Thanks
Bartholomew H. Palo Sr.