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3 Marijuana Penny Stocks That Could Make You Rich in 2019

By , Money Morning -

marijuana penny stocks

With legalization gaining steam, marijuana penny stocks have the chance to skyrocket.

However, not every marijuana penny stock is worth owning.

Today, we're looking at three marijuana penny stocks that are on the verge of soaring as legalization laws take full effect in 2019.

These three companies are on the cutting edge of the marijuana industry and are developing innovative methods go generate profits - for both themselves and their shareholders...

Canada 2.0: Australian Marijuana Legalization Is on the Horizon

By , Money Morning -

australian_weed

On Oct. 17, Canada legalized recreational marijuana on the national level, becoming just the second country in the world to allow recreational cannabis use.

The policy has widely been viewed as a success, with both state and private institutions generating billions in profits from the nation’s new marijuana industry in the just the first month. In fact, it’s prompted renewed campaigns for legalization across the globe, including in Canada’s commonwealth cousin, Australia.

After years of national prohibition, a new poll suggests that national attitudes toward Australian marijuana legalization are changing – and fast.

These Could Be the Next States to Legalize Marijuana

By , Money Morning -

marijuana leaf

Over the last month, governments across North America have enacted sweeping legislation to legalize marijuana.

Both Missouri and Utah voted to allow medical marijuana use, while Michigan voted for full recreational legalization.

In order to prepare our readers for the potential profits from legalization, the Money Morning team has reached out to its contacts in the cannabis industry in order to identify the next states to legalize marijuana.

5 Marijuana Penny Stocks to Watch as Legalization Gains Steam

By , Money Morning -

The news for marijuana penny stocks can't get much better.

Over the last two weeks, national and state governments in North America have dealt a wave of final blows to marijuana prohibition, paving the way for full legalization - and tremendous profits.

On Oct. 31, Mexico's Supreme Court struck down the nation's marijuana prohibition law, deeming it incompatible with Mexican law. Shortly afterwards, Mexico's incoming government announced plans to pursue full legalization.

Less than a week later, three American states took huge leaps toward full legalization during the midterm elections. Both Missouri and Utah voted to allow medical marijuana use while Michigan voted for full recreational legalization.

This Marijuana Penny Stock Could Soar 363%

By , Money Morning -

Outperforming cryptocurrencies, gold, and the market as a whole, 2018 has been a banner year for marijuana investment.

But for investors who want real profits, marijuana penny stocks are an even better way to take advantage of the booming marijuana industry.

You see, marijuana penny stocks have the kind of growth potential that larger marijuana companies with higher evaluations often struggle to maintain.

They also give investors an opportunities to get in on the ground floor the marijuana industry without breaking the bank.

3 Marijuana Penny Stocks to Watch This Week

By , Money Morning -

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

You see, marijuana stocks are one of the most popular assets on the market this year.

In a recent report, Bloomberg established marijuana stocks have beat gold, Bitcoin, and the market as a whole in performance this year.

And marijuana penny stocks have even greater profit opportunity since they're on the cusp of the explosive cannabis industry.

Five Marijuana Penny Stocks You Need to Watch Right Now - One Could Gain 360%

By , Money Morning -

According to Bloomberg, marijuana stocks have outperformed gold, Bitcoin, and the broader market as a whole during 2018.

As marijuana stock evaluations continue to soar, we're using marijuana penny stocks to get you on the ground floor of the cannabis revolution.

You see, marijuana penny stocks allow us to chase triple-digit returns often generated by marijuana stocks with very little up-front investment.

GrowLife Stock Illustrates Hazards of Pot Penny Stocks

By , Associate Editor, Money Morning • @JimBach22 -

GrowLife stock

GrowLife stock is a perfect case study in the perilous world of pot penny stock investing.

Riding the sudden wave of excitement surrounding marijuana legalization in Washington and Colorado, investors began piling into pot stocks with reckless abandon, hoping they could get in on the ground floor of a soon-to-be burgeoning marijuana industry.

But the profits have dried up, and the story of GrowLife stock shows us why...

Trust Me Dude, Here's How to Invest in Marijuana

By , Money Morning -

The world has turned for marijuana, and the genie is out of the bottle, or should we say the smoke is out of the bong. May 2013 was a big month for those who actually inhale.

Colorado Governor John Hickenlooper signed two crucial bills, House Bills 1317 and 1318, stemming from the recent ballot initiative, Amendment 64, legalizing the recreational use of pot in Colorado, which lay out regulations for the sale and taxation of marijuana.

In Seattle, Reuters reports that ex-Microsoft strategist Jamen Shively announced plans to establish the first American pot brand, importing the weed legally from Mexico and retailing it in a chain of medical dispensaries and, where legal, retail outlets.

Shively's plans have the moral support of former Mexican President Vicente Fox, a conservative. Right now Shively is undertaking a press blitz in Mexico, where he plans to source his marijuana.

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