Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Cannabis
Stocks: CURLF, DBCCF, TCNNF

Best Marijuana Stock You Won't Find on Robinhood

By Mike Stenger, Associate Editor, Money Morning • August 12, 2021

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

With legal cannabis still an emerging market, it can be difficult to find a marijuana stocks the major exchanges. As a result, you may have a hard time finding them on Robinhood.

To invest in all the best cannabis stocks, you need to look at the over-the-counter (OTC) markets. This is where you can trade stocks and other securities without the supervision of a central exchange like the New York Stock Exchange.

The downside here, of course, is that there is less transparency in trading, and it's less regulated.

The benefit of trading over the counter, of course, is that you get access to stocks you could not buy otherwise. And many have tremendous growth potential, like the best marijuana stock we'll show you today.

Top cannabis winners in the OTC market already include Curaleaf Holdings Co. (OTCMKT: CURLF), which popped as much as 551% in the last three years, from $4.28 to $16.85.

In about the same time period, from December 2018 to March 2021, Trulieve Cannabis Corp. (OTCMKTS: TCNNF) rose 613%, from $7.07 to $50.42.

These are examples of why the OTC markets can be worthwhile if you know where to look. And Money Morning's Chris Johnson has one marijuana stock pick on the OTC exchanges that deserves your attention today.

The Best Marijuana Stock to Buy OTC

Chris recommends Decibel Cannabis Co. Inc. (OTCMKTS: DBCCF) as one of the top marijuana penny stocks to buy right now.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
Decibel Cannabis Co. is a Canadian marijuana company managing multiple production houses and cannabis brands focused on high-quality products and retail experiences.

The company has three production houses and four brands including Qwest, Blendcraft, General Admission, and Prairie Records.

Qwest is marijuana growth project. Blendcraft, true to its name, designs unique blends from the Qwest crop. General Admission is a broader, curated portfolio of marijuana products for people to try. Finally, Prairie Records is a hybrid record store cannabis shop.

Decibel's production houses are divided between the Qwest Estate, where the marijuana is grown, and its production and cultivation facilities called The Plant and Thunderchild.

This is still a very young cannabis company with a wide range of brands to build on. As marijuana catches on in the mainstream, a company with enough resources to focus on quality and diversification has a good shot at competing with the best.

With that, here's how Chris Johnson recommends you play Decibel Cannabis stock...

How to Play Decibel Cannabis

This isn't because of any big earnings win or merger news. Chris is interested in this stock because of a big catalyst underway that can move marijuana stocks trading at penny stock prices sky-high. Decibel trades for just $0.27, which means a big volatility event could move it by an enormous percentage.

We're talking double, triple, or quadruple today's price over a short period of time.

Here's how that works...

The 52-week high for DBCCF is $0.30. If it climbs from $0.27 back to $0.30, it's an 11% pop.

But the technical indicators point to a potential breakout significantly greater than that. The volume on this stock is on the rise. If shares start to climb with this increasing volume, it could accelerate the share price rise and blow the stock price to new levels.

Chris says it could "trigger a volatility rally all the way to $0.33 and beyond."

If you can get Decibel for $0.30 or less, do it with a 5% trailing stop when the stock hits $0.34.

$2 EV Stock Could Hit the Nasdaq TOMORROW - Get In NOW

This tiny EV stock has risen tenfold within the past year.

But its incredible run has just begun.

This little stock is now seeking an IPO on the big board, which means its 1,147% gain could now be mirrored over the next year.

Here's what you need to know.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Mike StengerMike Stenger

About the Author

Browse Mike's articles | View Mike's research services

Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 7, 2023 • By Garrett Baldwin

(no title)

June 7, 2023 • By Garrett Baldwin

A picture containing text, screenshot, font, line Description automatically generated
Postcards: This Value Strategy is Great for Finding Breakouts

June 7, 2023 • By Alex Kagin

SEC comes after Coinbase, Small-Caps Start to Shine, and Crude Price Forecasts Rise
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz