With the increasing number of states that have embraced medical and recreational marijuana sales, it’s easy to assume that investing in cannabis stocks may be the next best step for your portfolio.
The potential for gains with the cannabis industry is vast, especially as more U.S. states move toward the legalization of medical marijuana. These legislative changes may allow for the eventual legalization of recreational marijuana in more than the current 15 states. Until then, it’s still an impressive $17 billion industry that’s headed mainstream.
Enter: Marijuana penny stocks. In its early stage, you’ll find a plethora of stocks that can be purchased at $1 per share. With plenty of risks associated with penny stocks, the cannabis industry is no exception when it comes to manipulation and fraud. However, consider the basis for the industry and the strong business fundamentals that back it, and you’ll find that this industry does have good stocks to invest in.
There are different types of cannabis stocks to explore. First, you have the growers. These will be the cultivators and distributors of the crop. Then, there are the pharmaceutical companies that make cannabinoid drugs, which are booming with products infused with cannabidiol (CBD). Lastly, the suppliers to those who grow the marijuana- ancillary products like hydroponic systems that support the growth and production of cannabis. When you consider purchasing penny stocks in the cannabis industry, you have many different businesses and business models from which to choose and evaluate.
In addition to the inherent risks of unregulated penny stocks, marijuana penny stocks also carry an additional risk for investors because of its dependence upon the surrounding political climates. Because it is still illegal on the federal level, states are responsible for how they conduct and implement their own laws surrounding marijuana as a whole. While states are continuing to move toward acceptance of the plant in different capacities, there’s still difficulty for people in the industry to raise capital for their businesses or even have bank accounts.
What does this mean for the investors? Cannabis stocks and marijuana penny stocks hold their appeal on the brink of a boom in the industry, and now is a great time to get involved and add a few of these stocks to their portfolio.
In addition to the general research that comes with mitigating risks for cannabis stocks, an investor will want to determine what kind of business in the marijuana industry in which they invest. Investing in growers may require looking at their cash flow stance and closely researching their management teams and growth strategy. Looking into companies providing ancillary products may be safer because they aren’t solely reliant upon the income from cannabis sales. Considering cannabis stock investments over the long-term will be more beneficial than looking for a quick turnaround.
Sundial Growers Inc. was the latest cannabis stock to go viral after Reddit traders caught wind of a potential catalyst earlier this year.
Sundial stock jumped from $0.50 to near $4 in early February, about a 692% gain.
It crashed back below $1 in just a couple months.
But some still believe this one is a long buy.
Sundial Growers Inc. was the latest cannabis stock to go viral after Reddit traders caught wind of a potential catalyst earlier this year.
Sundial stock jumped from $0.50 to near $4 in early February, about a 692% gain.
It crashed back below $1 in just a couple months.
But some still believe this one is a long buy.
Here’s the Sundial Growers stock forecast for 2025...
Turn on any cable news segment and you'll see recreational cannabis laws spreading like wildfire across the U.S. - but what they won't tell you is every state that "goes recreational" creates multibillion-dollar opportunities for savvy investors who get in now.
In his 12-minute video, Danny will take you all across the cannabis market and show you where to invest for the maximum possible returns - with just $500 or less.
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.
Money Morning's Chris Johnson has one marijuana stock pick on the OTC exchanges that deserves your attention today.
This cannabis stock was one of the very first you could own; the company was legendary, in fact, pulling off all kinds of incredible moves throughout the legal weed sector.
But it's all gone horribly wrong, and this once-great stock is one you should sell before you're done trading this week.
Billions in fresh capital is currently sitting on the sidelines, waiting for cannabis stocks to list on major exchanges.
Until that happens - and it will - cannabis investors have an incredible opportunity.
This is the perfect time to move in and build some truly solid positions in your portfolio.
And to give you the best possible start, here are the stocks to drop immediately, the number one stock that should be in every investor's portfolio, and more...
Since the first COVID-19 vaccines appeared on the horizons, investors have made and, just as often, lost huge sums trying to time recovery and guess at the best American reopening stocks.
The best play here isn’t necessarily a recovery stock... because it doesn’t have to do any recovering.
It boosted top lines 10% during the pandemic, and 2021 looks even better.
Investors who bought Sundial Growth stock in February are looking for any bit of positive news from the company's Q1 20201 earnings report in hopes of recouping their massive losses.
Sundial Growers Inc.
(NASDAQ: SNDL) stock price is trading for $0.72, a loss of 75% from the February high of $2.95.
A lot of investors are jumping back in, expecting it to rally back to those hold highs.
Cannabis stocks are looking better than they have in a while - with some of our favorites up 200% in the past year.
This cannabis stock we're sharing with you today has one of the strongest growth outlooks for 2021 - we're seeing 150% returns possible.
Here's the ticker so you can start profiting today..
Since co-founding Cresco Labs back in 2013, Joe Caltabiano has managed to turn it into one of the best MSOs in the U.S.
- and one of the best cannabis stocks today.
It's really a testament to his vision and skill.
Although he's no longer with Cresco, it's a market truth that great leaders make for great companies, and great companies make for lucrative investments.
And now, it looks like Caltabiano is about to do it all over again at a new, different venture.
Here's how you can go along for the profitable ride...
The FDA's Schedule I label on cannabis is the single biggest barrier holding medical marijuana stocks back.
That barrier could be coming down soon, and you'll want to own shares of GW Pharmaceuticals when it does.
Lo and behold - a bill is moving through the U.S.
Senate to do just this.
Curaleaf stock will get a nice boost if this Senate bill passes.
And it's more than likely to happen.
Here's why you should be watching Curaleaf right now.
Let's talk about this bill, and then why Curaleaf is poised to benefit from its passage...
With the pandemic waning and recovery taking hold, pandemic and stay-at-home firms have lost their edge.
But today, we’re showing you a $16 company that not only crushed it during the pandemic, but its shareholders have held onto their profits and are pocketing even more as we speak.
No wonder it’s called the “Top Wealth Play of 2021”….
For all that mobile-based investing apps like Robinhood can do for investors, there's one really big thing they can't do.
Users are sidelined from the extreme profit potential in America's $15-billion-and-counting legal cannabis sector that's growing by 21% a year.
So today, Don's going to show you a profitable way around that... .
Some market-leading biotech firms are working hard right now developing drugs derived from cannabis' many beneficial compounds.
And there's one innovative company that puts you right in the middle of the sector's market-crushing gains.
Plus, there's still some time left to get in and grab the profits....
Marijuana stocks have more than doubled since the election this new rally is just getting started.
The changes at the top in Washington, D.C., have greatly increased the chances of a more favorable regulatory environment for cannabis investing in the United States.
U.S. President Joe Biden and several leading Democrats made it clear during the campaign that they favored federal legalization.
