In the coming years, marijuana stocks will be the no-brainer investment of the century. While it is becoming more evident every day that companies like MedReleaf, Aphria and Aurora Cannabis are going to dominate the global medical marijuana market, smaller, lesser known marijuana endeavors have been raking in returns for stock holders.
An investment in any of the big names in Canadian marijuana is a sure bet. They are long term investments that over the next ten or twenty years have the power to transform the lifestyle of many investors. But there are a number of lesser known cannabis stocks that also have the power to bring home enormous gains, but don’t carry a well-known name. Penny stocks have never really been a major tool for investors who like to play on Wall Street. However, for marijuana penny stocks, there is a level of excitement and hope for the industry that is causing their price to skyrocket.
Money Morning reported that since August 1st, the top marijuana penny stocks have brought in returns of nearly 62% (as of August 22) Companies like Gala Global, American Cannabis Co., and Easton Pharmaceuticals have seen gains of 61.8%, 54.3%, and 50% respectively. While investing in penny stocks is always substantially riskier than investing in a major corporation, you never know which of these penny stocks will move on to work in bigger circles. Any one of the current penny marijuana stocks could form a partnership with a large producer which could cause the price to move upward exponentially. Having such a significantly lower financial barrier to entry, marijuana penny stocks may hold the key to your own personal marijuana fortune.
Davie is a long time cannabis professional who has worked not only as a cultivator but in all aspects of retail cannabis. From budtender, to wholesale and retail management, and from harvester to advanced hydroponic specialist, Davie has been around the block more than once. Now residing in beautiful British Columbia, Davie now works with acres of greenhouses, producing some of the best buds in the country.