For investors who understand the risk and have patience, marijuana penny stocks offer some of the biggest potential profits today.
For example, shares of Medical Cannabis Payment Solutions (OTCMKTS: REFG) have climbed 71.3% in the last 12 months. Shares of OrganiGram Holdings Inc. (OTCMKTS: OGRMF) have done even better, skyrocketing 105.45% over the last 12 months.
In comparison, the Dow Jones Industrial Average is only up 18.07%.
To help investors find these explosive profits, we're giving you a list of marijuana stocks to watch in June.
However, investing in marijuana penny stocks should be treated as speculative right now because cannabis is still illegal under federal law.
Also, penny stocks are known to have volatile price swings, and most pot stocks trade on over-the-counter markets that aren't regulated like the Nasdaq or NYSE. The stocks on our list are speculative, too - not official recommendations.
These seven companies have recently launched new products, opened stores, conducted research and development, or made important announcements that could lead to an increase in sales.
Here are the seven pot stocks on our radar right now:
Now, here's more on why we're watching each of these stocks in June...
On May 12, cannabis lab testing service Digipath Inc. (OTCMKTS: DIGP) announced operating results for the three months leading up to March 31, 2017. The testing laboratory firm recorded $497,049 in net sales, which is a year-over-year increase of 252%.
And the sales could continue to increase after July 1, 2017, when Nevada legalizes marijuana.
Because Digipath is based in Las Vegas, it's already operating in the next state to legalize marijuana. On top of that, DIGP is also seeking to enter the California marijuana market for lab testing.
Shares of DIGP closed at $0.19 per share on May 31 and are down 93.42% so far in 2017.
Earth Science Tech Inc. (OTCMKTS: ETST) is on our watch list for June because of a new product line. On May 18, the biotechnology company announced it will launch an "Orange Blossom" cannabidiol (CBD) oil product.
CBD is an active cannabinoid found in marijuana that has been found to reduce anxiety.
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here...
The company said in a press release that the natural strawberry flavoring and orange blossom honey in the oil masks the CBD oil taste, which can be very bitter.
And this new product could give Earth Science a leg up on the competition in a billion-dollar market. According to the Hemp Business Journal, the CBD market will be worth $2.1 billion.
Shares of ETST closed at $0.90 per share on May 31 and are down 54.77% so far in 2017.
On May 23, medical marijuana researcher GB Sciences Inc. (OTCMKTS: GBLX) announced it was filing a patent application for chronic pain and heart therapies.
GB Science's pain solutions are free of THC, the psychoactive component of cannabis, which would limit potential abuse and make it more attractive as a medical solution.
In its May 23 press release, the company also said its novel heart disease formulations would compete in the $316 billion U.S. heart therapy market.
Shares of GBLX closed at $0.28 per share on May 31 and are down 16.05% so far in 2017.
Kaya Holdings Inc. (OTCMKTS: KAYS), an operator of legal marijuana dispensaries, announced on March 21 it received its third marijuana retailer license from the Oregon Liquor Control Commission.
After receiving the license, the company opened the "Kaya Shack 3," a 2,400-square-foot retail space.
It sells marijuana, cannabis-infused products, and accessories for recreational and medical marijuana customers.
Shares of KAYS closed at $0.17 per share on May 31 and are up 2.56% so far in 2017.
And the next marijuana stock on our watch list plans to revolutionize a new market through a unique delivery system...
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Lexaria Bioscience Corp. (OTCMKTS: LXRP), a producer and seller of hemp oil-infused food products, announced on May 4 that it plans to begin researching nicotine delivery through gastro-intestinal methods.
According to the press release, the company believes there are untapped markets for more efficient and healthy delivery systems of nicotine through edible products.
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In the summer of 2017, the company will begin nicotine absorption studies utilizing human intestinal tissue in an in vitro environment.
Shares of LXRP closed at $0.37 per share on May 31 and are up 17.37% so far in 2017.
Signal Bay Inc. (OTCMKTS: SGBY) provides analytical testing, management advisory, and scientific research services to the legal cannabis industry.
And because it's considered a leader of quality control testing, CEO William Waldrop is scheduled to present at the June 6-7 LD Micro Invitational in Bel Air, Calif., a conference that showcases companies in the micro-cap space.
According to BayStreet.ca, Waldrop said this will be the perfect event to share the company's plans for expansion, which will bring more attention to the company. The CEO also said his company is positioned to be a leading provider in the required cannabis-testing market in California.
Shares of SGBY closed at $0.02 per share on May 31 and are down 48.57% so far in 2017.
Weed Inc. (OTCMKTS: BUDZ) purchases land and buildings for commercial-grade cultivation centers.
And BUDZ is on our watch list in June because the company announced on May 23 it acquired Sangre AgroTech LLC. Sangre is currently working on a project to complete a global genomic classification of the Cannabis plant genus.
With the classification, Weed Inc. will be able to expand its portfolio of relevant medical marijuana strains and will have a superior understanding of how they can be used to fight disease.
Shares of BUDZ closed at $0.62 on May 31 and are down 9.3% so far in 2017.
While these marijuana stocks are on our watch list for June, we also are looking towards the Canadian marijuana market.
You see, recreational and medical marijuana could be completely legal in Canada by July 1, 2018...
For our neighbors to the north, it's shocking news. But it could be the best news of all time for marijuana stock investors. In fact, this single "bombshell" event could unleash a new pot stock boom that will blow the doors off anything we've seen up to this point. And by putting a couple of hundred bucks into a handful of tiny Canadian weed companies, you could pocket life-changing gains - turning a few hundred bucks into a fortune overnight. Watch this now to get all the details...
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