The legal marijuana industry could grow 513% by 2025. Grand View Research says it could hit $66.3 billion by that time.
But the National Institute of Cannabis Investors predicts $300 billion "practically overnight."
Make no mistake, this is an opportunity to turn pennies into millions. And our best penny stock today could pop long before industry reaches its peak.
We're talking 427% profit potential.
You see, penny stocks trade for under $5 a share. That means they can make dramatic shifts on even a little bit of good news. Last October, BioNanao Genomics Inc. (NASDAQ: BNGO) gained 107% on news that Indiana University had bought its technology.
Of course, that's only a fraction of what today's penny stock could deliver. The marijuana industry is staged for a year of breakout news.
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As many as nine states could vote to legalize cannabis in 2020, either medically or recreationally. It will depend on whether they can have enough signatures for citizens to vote on ballot measures.
Arizona, Arkansas, Idaho, Mississippi, Missouri, New Jersey, Nebraska, North Dakota, and South Dakota all have ballot measures in play.
But the great thing is that this stock doesn't have to wait for these states to legalize cannabis to pop.
It's already ready to soar on a legal cannabis trend called "CBD."
Why the Best Penny Stock Is a CBD Stock
CBD, or cannabidiol, is a federally legal substance used to treat pain relief and depression.
So far, they're putting it in foods, soaps, and candles. But this industry is still awaiting its greatest surge yet. The CBD market alone could be worth $20 billion by 2024.
As we approach election season in 2020, with more states poised to legalize marijuana in some form or other, cannabis will enter the spotlight. Marijuana, especially from a medicinal standpoint, will come up in discussion more than it has in any election prior.
As we mentioned, the price of penny stocks is extremely sensitive. Even if just one state legalized marijuana this year, it would be a catalyst for our top penny stock today.
That said, here's the 437% profit potential we've been talking about. Our top CBD penny stock to buy right now...
The Top Penny Stock to Buy Today
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CbdMD Inc. (NYSE: YCBD) presents the "whole enchilada" when it comes to CBD. It sells CBD gummies, bath bombs, creams, capsules, and animal treats.
This company is at the forefront of normalizing CBD, largely because of its connection to professional sports.
In fact, it's been getting publicity from some top athletes over the last several years. Golfer Bubba Watson, Olympian volleyball player Kerri Walsh Jennings, retired NFL receiver Steve Smith, and many others have all partnered with cbdMD.
Though this company is not yet profitable, it's making strides in that direction. The 2020 analyst projection is a loss of $0.43 per share, which is up from last year's $2.54. Analysts say the loss could be down to $0.33 per share in 2021.
But more importantly, analysts predict the share price will hit $5.80 from today's $1.10. That's 427% profit potential for investors.
And the gains from cannabis legalization could go even higher...
No Prior Experience Needed to See Potential Profits of 626% or More in This Industry
Even if you don't know anything about investing... even if you've never put a cent into the stock market... you can perfectly position yourself to strike it rich in cannabis - and we're going to show you how. We're laying it all out for you in black and white in "The 2020 Pot Profits Roadmap." This is one book you're actually going to want to stay up all night reading. Find out how to get your hands on it now.