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Shares of the Canadian company – which is developing a breathalyzer device that can detect marijuana's main chemical, THC – are up 176.6% since the start of November.
While all the stocks on this list have posted double-digit gains this month, that doesn't mean they'll have the most profit potential in 2018. That's why we're also going to show you one of the best marijuana stocks to invest in for next year…
|Marijuana Penny Stock||Current Price||November 2017 Gain (as of Nov. 16)|
|Cannabix Technologies Inc.
|Freedom Leaf Inc.
|Lexaria Bioscience Corp.
|Northsight Capital Inc.
|Blue Line Protection Group Inc.
|American Cannabis Co. Inc.
|Golden Leaf Holdings Ltd.
|Cannabics Pharmaceuticals Inc.
|Solis Tek Inc.
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…
Shares of BLOZF stock climbed 92.2% from Nov. 14 to Nov. 15 after leading magazine Business in Vancouver listed Cannabix on its list of "50 Innovations to Watch."
BIV says the company's marijuana breathalyzer being developed for law enforcement and workplace is one of 50 innovations in British Columbia that's "making waves across the province, the country and the world."
The firm also announced that its Canadian stock – which is currently listed on the country's bellwether CSE Composite Index under the ticker "BLO" – qualifies for the CSE25 Index. That stands for the Canadian Securities Exchange 25 Index, which includes the top 25 companies by market cap on the CSE Composite. Cannabix's qualification for a select area of the Canadian stock market helped push BLOZF stock up 92.2% from Tuesday to Wednesday this week.
Although BLOZF's 176.7% gain this month makes it look like a tempting investment, we're recommending a different cannabis stock today…
Shares of this company are more expensive than a penny stock, but Money Morning Director of Technology & Venture Capital Research – and marijuana stock expert – Michael A. Robinson says it's worth the extra money.
That's because the company is a pioneer in a niche sector of the marijuana market – hydroponics.
"Hydroponics" refers to the method of growing cannabis in mineral-rich water rather than soil. This is considered revolutionary across the marijuana industry, since it allows the plants to grow faster without the need for farmland.
"This method means no mess and, more importantly, no pesticides," Michael explained. "That's a key consideration for green consumers."
But the sector's growth potential will not only benefit green consumers, but also investors in hydroponics companies. Research firm Manifest Mind LLC forecasts the value of all hydroponically grown plants worldwide will rise 20.3%, from $19.95 billion in 2015 to $24 billion in 2018.
That's why we're showing you this niche industry's best company to invest in – one whose revenue just from its hydroponics business could grow 300% in the next few years…