A Top 3 List of CBD Stocks to Watch Now

A decade of U.S. marijuana legalization has grown cannabis into an industry worth $10.4 billion today. But the market for CBD is forecast to grow an astonishing 3,623% to reach $22 billion.

And we have a top three list of CBD stocks to buy that could create generational wealth. In fact, one of our top cannabis stocks is poised for a 508% bump.

Since year-end 2018, the share of CBD as part of the market has expanded to over half ($591 million) of the legal cannabis market, according to Business Journal.

Keep in mind that this industry is still young and could soar at any moment to that $22 billion figure put forth by Grand View Research. That's why we're pounding the table on CBD.

Below, we review the list of CBD stocks to watch. This first one is expected to pop 280%...

A List of CBD to Watch Now, No. 3: CV Sciences

CV Sciences Inc. (OTCMKTS: CVSI) is a pharmaceutical company focused on CBD.

Early this year, CV Sciences rolled out a new product, PlusCBD oil. Within a few months, more than 3,300 stores had made it available, a 48% increase in customers' ability to buy it.

Like many CBD companies, CV Sciences is a beneficiary of last year's Farm Bill, which legalized the production of hemp. The company's revenue soared last year to $48 million. Net income rose to more than $10 million.

Its impressive growth is ongoing this year, too. As of 2019's first half, it booked more than $30 million in revenue. Net income in the period reached $1.23 million. CV Sciences is a penny stock that is both growing and profiting.

THREE STOCKS: Any one of these cannabis companies could potentially deliver a 1,000% windfall. Click here to learn more...

CV Sciences shares currently trade at $2.10, but the price is expected to rise as high as $8 over the next year, a 280% potential profit.

That's still a far cry away from the 413% growth potential of this next CBD stock...

A List of CBD to Watch Now, No. 2: Elixinol Global

Elixinol Global Ltd. (OTCMKTS: ELLXF) produces everything from marijuana supplements to medical cannabis to food.

Elixinol is a top stock to watch for several reasons.

First, it's global, selling and manufacturing CBD throughout North America, Europe, and Asia.

Second, the company has a large and successful food business in Australia, with hemp- and weed-based food. It's been active in this market for more than 10 years.

Elixinol is also expanding operations. In 2018, it announced plans to enlarge its facility in Colorado by 12,000 square feet. In just this facility, the company would be able to produce 24,000 bottles of CBD daily.

But Elixinol has further to go. In 2019, it received $50 million from investors, which it is using to expand the Colorado facility by an additional 23,000 square feet. According to GlobeNewsWire, the enlargement would add 100% to the company's production space.

In the past two years, sales skyrocketed to $26 million, a 121% rise. Its net income hit half a million dollars.

For a penny stock, that type of profitability is rare. That's why Elixinol has been on our list of CBD stocks to watch now.

The shares currently trade at $1.18. Analysts expected it to reach $6.06 per share in the next year, a potential skyrocket of 413%.

But it still doesn't beat our CBD stock, a potential 508% gainer...

A List of CBD to Watch Now, No. 1

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MedMen Enterprises Inc. (OTCMKTS: MMNFF) produces CBD edibles, vape oils, extracts, topical oils, and more in the United States.

The company has over 1,000 employees. It plans to expand in the populous and growing states of California, Arizona, Florida, New York, and Nevada.

In early 2019, MedMen made a $680 purchase of PharmaCann, one of the largest deals in the CBD industry.

As a result, MedMen got 84 retail stores in more than 12 states, plus licenses to operate.

The company also bought a marijuana company in Arizona for $34 million, as well as a dispensary in Illinois.

Now, these purchases resulted in a loss of $112 million last year, even given $40 million in revenue.

But the company will make up for this with spectacular growth. It climbed 1,400% in revenue between 2017 and 2018. Over the past 12 months, it has soared a whopping 302%.

Analysts think the revenue could advance to $471.8 million by next year, an impressive 447% increase.

So, at this rate of growth, the company could reach profitability in just a few years. If so, investors in the shares could see significant gains.

Right now, MedMen shares trade at $1.15. The high target price is $7, a potential 508% climb in the share price.

Illinois Becomes the 11th State to Legalize Cannabis (Making More People Rich)

Cannabis laws are being reformed en masse: Illinois has not only become the 11th - and second largest - state to legalize marijuana, but the first to do so by way of state legislation.

That means the medical, personal, and economic benefits of "America's Green Gold Rush" are appealing to Republicans and Democrats alike.

One cannabis research executive is hailing Illinois the "Marijuana Mecca of the Midwest," a hallmark of the rising uncapped profit potential ahead.

Once the feds end cannabis prohibition nationwide, all bets will be off - demand will boost share prices through the roof. But you can still get in on the ground floor, just in time for what could be the windfall of the century.

Illinois is already housing some of our top picks in the industry, so a few of our favorite stocks could get yet another boost.

Just click here to see how you can get them - and to potentially profit from this "unstoppable economic revolution"...

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