3 Marijuana Penny Stocks to Watch This Week

Today (Oct. 17), Canada fully legalized recreational marijuana, creating a tremendous opportunity in marijuana penny stocks.

That's a major catalyst for an already growing industry as marijuana stocks are one of the most popular assets on the market this year.

In a recent report, Bloomberg showed marijuana stocks outperformed gold, Bitcoin, and the market as a whole this year.

marijuana penny stocksAnd marijuana penny stocks have even greater profit opportunity since these companies haven't hit the mainstream radar yet.

Plus, pot penny stocks give investors the chance to reap the benefits of this growing industry without spending too much money.

This investment strategy doesn't come without risk, however. It's important to remember that penny stock investors should never invest money they can't afford to lose.

But with the cannabis industry on the verge of spectacular profit, we want to show you three cannabis penny stocks with serious growth potential.

In fact, our top marijuana penny stock could jump over 300%...

Top Marijuana Stocks Under $5 to Watch, No. 3: GB Sciences Inc. 

Based in Las Vegas, GB Sciences Inc. (OTCPK: GBLX) sells equipment used for growing marijuana indoors.

Over the last year, GB has announced plans to produce medicinal drugs that use compounds found in cannabis.

One central compound is CBD - a cannabis compound that has medical benefits but does not make users intoxicated.

Trending: Former Speaker of the House John Boehner Reveals How He Became Cannabis' Biggest Ally - Read More

Last year, sales in the CBD industry totaled $358 million. In five years, they're estimated to rise an astonishing 402% to $1.8 billion.

GB received a government license to develop CBD products in February. The company also closed a deal with the Colorado Hemp Project that will give GB full access to the key ingredients necessary for CBD development.

In March, the company announced it would sponsor a symposium called "Innovation in Medical Cannabis Therapies." This symposium generated a significant amount of investor buzz over GB products and has put the company on the map.

Shares of GBLX currently trade for $0.52. However, with interest growing, GB could jump significantly as cannabis legalization sweeps North America.

But our next marijuana penny stock has even greater potential to gain and is trading for even less...

Marijuana Penny Stock to Watch, No. 2: GreenGro Technologies Inc.

Much like GB Sciences, GreenGro Technologies Inc. (OTCMKTS: GRNH) develops cultivation tools for the cannabis industry.

On Oct. 11, GreenGro announced it will begin directly manufacturing cannabis consumer goods.

GreenGro intends to develop a line of CBD products that can be used in medical facilities, private medical practices, and artisan retailers.

Critical Update: You're Invited to the First-Ever National Event for Cannabis Investors on October 23rd - Click Here to Register for This Free Online Event

By investing in GreenGro, investors can get in on the ground floor of an industry with tremendous profit potential.

But GreenGro isn't the top pot stock on our list. This next company has even greater potential...

It's a pure "pick and shovel" play - a firm that serves the pot industry without having a direct hand in growing marijuana or operating dispensaries.

And it's on track to jump over 360%...

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Top Marijuana Penny Stocks to Watch Now, No. 1: 22nd Century Group Inc. 

22nd Century Group Inc. (NYSE: XXII) is a New York--based plant-biotech firm that uses advanced engineering technology to regulate the levels of nicotine in plants.

XXII is currently growing tobacco with up to 97% less nicotine content than its natural counterparts. As a result, a smoker looking to reduce their risk of addiction now has a viable alternative.

This breakthrough will allow XXII to join a growing industry of tobacco alternatives that generated $2.9 billion in revenue last year.

22nd Century is also using this advanced technology in the legal cannabis market. 22nd Century is using its technology to help hemp farmers meet federal requirements for THC content. According to U.S. law, hemp crops with THC levels above 0.3% must be destroyed.

Grand View Research Inc. reports that the global hemp market is expected to be worth $10.6 billion by 2025 - a massive growth that XXII will able to cash in on.

XXII is currently trading at $2.48. The 12-month price target issued by global investment bank Chardan is $11.50 per share - a potential gain of 363% in just one year.

That's a tremendous gain.

And if you're interested in cannabis investing, then you can't afford to miss this historic event...

Speaker Boehner Reveals Three Events That Will Transform the Cannabis Industry Forever

He's connected on Capitol Hill. He golfs with the president. And he knows all the major players in the cannabis industry.

Make no mistake, Speaker Boehner has the inside track on the future of this green gold rush.

And on Tuesday, Oct. 23, he's agreed to take you deep inside our nation's most controversial, most misunderstood, and what's quickly becoming our most lucrative industry.

Just click here to register for this free, once-in-a-lifetime event.

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