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...
Buy This Marijuana Stock to Profit from the Hydroponics Industry in 2018
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Michael recommends Scotts Miracle-Gro Co. (NYSE: SMG) as the best way to profit from the growing hydroponics sector.
Scotts Miracle-Gro has long been known for selling a wide variety of garden products. The uses for its line of products have included insect control, lawn fertilization, gardening, and landscaping.
But the company has pushed into the marijuana industry in recent years, particularly in 2015, when it made a big acquisition...
On April 3, 2015, Scotts announced it would acquire General Hydroponics - a leading innovator in the hydroponics field for 40 years - for $130 million. This marked Scotts' largest acquisition since 1998, when it bought European garden company Rhone-Poulenc Jardin for $147.5 million.
Scotts buying General Hydroponics was a way to create a new revenue stream, which could grow as hydroponics becomes more mainstream.
"Scotts CEO Jim Hagedorn sees the purchase as just the first of several moves, all aimed toward the goal of creating a $1 billion yearly business," Michael said. "That's a nice addition for a business that currently generates around $3 billion in sales."
SMG stock also offers a competitive dividend of $0.53 per share (2.18% yield). The company has raised its payout every year since 2010, when it was just $0.13. Most marijuana stocks are unprofitable, meaning they don't pay dividends at all.
But SMG's dividend is even better than big peers Central Garden & Pet Co. (Nasdaq: CENT) and Andersons Inc. (Nasdaq: ANDE). Central Garden doesn't offer a dividend, while Andersons only pays $0.16 per share for a 2.08% yield.
A Pot "Bombshell" Just Hit Canada: 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...