Investing in pot stocks is being called the gold rush of the 21st century. That's because sales skyrocketed to $6.7 billion in North America in 2016, and sales are only going to increase as more states legalize recreational and medical marijuana.
Forward-thinking investors are already plotting seven-figure weed windfalls with the top pot stocks from every ecosystem.
You see, there's more to the marijuana industry than just selling cannabis. There are a lot of ways to profit from legal recreational and medical marijuana sales.
And the first stock on our marijuana watch list has already climbed more than 100% so far in 2017…
Pot Stocks to Watch No. 5: mCig Inc.
One of the top pot stocks to watch in 2017 is mCig Inc. (OTCMKTS: MCIG).
MCig is a Nevada-based company that offers equipment for marijuana home growers, vaporizers, greenhouses, and cultivation rooms.
Rollies LLC, owned by mCig, sells smoking tubes that could increase in popularity as more states legalize recreational and medical marijuana.
While this one of the top pot stocks to watch in 2017, the MCIG stock price has been very volatile. Over the last 52 weeks, MCIG has traded as high as $0.50 per share and as low as $0.03 per share.
So far in 2017, the MCIG stock price has climbed more than 102%.
Pot Stocks to Watch No. 4: GW Pharmaceuticals Plc.
GW Pharmaceuticals Plc. (Nasdaq ADR: GWPH) uses plant-derived cannabinoid therapeutics to help patients suffering with medical conditions.
GW is known for creating the first prescription medicine derived from a cannabis plant, which is used to treat spasticity. GW is also working on a product called Epidiolex, which could be used by patients with rare epilepsy disorders.
The company currently has challenges expanding its research because cannabis is listed as a Schedule I drug.
That means marijuana can't be used for medical purposes.
However, legalization and marijuana reform could help it get reclassified, which would allow GW to offer more plant-derived cannabinoid therapeutics.
The GWPH stock price has climbed 5.52% so far in 2017. In comparison, the Dow Jones Industrial Average is up just 1.63%.
Pot Stocks to Watch No. 3: General Cannabis Corp.
General Cannabis Corp. (OTCMKTS: CANN) is headquartered in Denver and was founded in 2013.
It's one of the top pot stocks to watch in 2017 because of its diversified services, which include:
- Acquisitions and leasing of cultivation space
- Security services including video surveillance and cash transportation services
- Designing, distribution, and selling of apparel
- Consulting services
The CANN stock price has climbed 391% over the last 12 months, but it's down 23.28% so far in 2017.