Top Marijuana Penny Stocks to Watch in July 2017

This list shows the top marijuana penny stocks by total return for July so far, according to data compiled by FactSet. While these stocks are up on the month, Canada is getting ready to legalize marijuana, and we know just which pot stocks will profit from the potential 400% industry growth next year...

Marijuana Penny Stock Current Stock Price July 2017 Return (as of July 13)
Green Energy Management Services Holdings Inc. (OTCMKTS: GRMS) $0.01 +400%
CLS Holdings USA Inc. (OTCMKTS: CLSH) $0.41 +310%
Dewmar International BMC Inc. (OTCMKTS: DEWM) $0.01 +33.8%
TechCare Corp. (OTCMKTS: TECR) $0.60 +20%
Canadian Cannabis Corp. (OTCMKTS: CCAN) $0.18 +20%
Immune Therapeutics Inc. (OTCMKTS: IMUN) $0.06 +20%
OXIS International Inc. (OTCMKTS: OXIS) $0.02 +11.8%
Praetorian Property Inc. (OTCMKTS: PRRE) $1.30 +11.1%
Easton Pharmaceuticals Inc. (OTCMKTS: EAPH) $0.02 +10.5%

Trending: This Penny Stock Will Double Your Money - and Save a Dying Industry

While this list shows the top-performing penny stocks in the marijuana sector this month, we don't recommend investing in any of them. That's because they're volatile, with most trading under $0.50 per share.

top marijuana penny stocks

Also, since marijuana remains illegal under federal U.S. law, most marijuana stocks don't trade on federally regulated market exchanges like the New York Stock Exchange (NYSE) or Nasdaq. That's why these companies trade on over-the-counter (OTC) exchanges, which are based heavily on trader speculation rather than financial health reflected in quarterly earnings reports and other SEC filings.

You see, since these companies trade over the counter, they don't have to report their revenue, profits, and other financials to the SEC each quarter. This is a red flag for us here at Money Morning because we always advise readers to examine a company's finances to make sure it's not a shell company trying to scam you.

But it is possible to find well-managed companies with profit potential in the marijuana penny stock sector. You just have to know how to find them.

When it comes to finding the best marijuana penny stocks to buy, Money Morning Director of Technology & Venture Capital Research Michael A. Robinson is an expert. One of his marijuana stock picks has handed investors a 50.6% return so far this year, and he expects it to keep giving Money Morning readers profits in 2017.

In fact, he recently released a time-sensitive briefing detailing how the stock in question - as well as four other cannabis stocks - could soar thanks to Canada's new plan to legalize pot on July 1, 2018.

Here's how you can get your hands on Michael's urgent report before these five stocks skyrocket from Canada's legalization, which could lead to upwards of $4.5 billion in marijuana sales by 2021...

Everything You Need to Know About These 5 Marijuana Stocks

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Canada will be a breeding ground for profits as its number of medical marijuana patients continues to rise.

Statista reports that the quarterly number of registered medical cannabis patients was roughly 30,537 between July 2015 and September 2015. That figure exploded 222% to 98,460 by the same period in 2016 due to what the Financial Post reported as the "growing awareness among both patients and doctors of the possible benefits of medical marijuana."

This chart shows how drastic the growth of medical cannabis patients has been...

top marijuana penny stock

And this is just the beginning. Bloomberg reported that total Canadian cannabis sales could rise to $4.5 billion in just four years. That would be 400% larger than the $900 million in legal sales last year.

However, it won't just be the government and marijuana businesses making profits from this growth...

Forward-thinking investors are buying shares of five specific Canadian cannabis stocks before the marijuana sales boom kicks off.

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 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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