Marijuana Stocks You Should Be Watching Right Now
These marijuana stocks are poised to make big returns once the Green Rush goes into full swing.
The Green Rush, which is what people are calling the wave of states currently legalizing marijuana, has heralded in a new era of commerce. Cannabis has become a major commercial sector that gives states massive amounts of revenue.
There are now cannabis dispensaries making bank, cannabis marketing firms, and even cannabis-specific vaporizer companies all making huge amounts of money, thanks to the legalization wave. What most people don't know—or perhaps, don't realize—is that you can also invest in marijuana via the stock market.
The cannabis industry is big business. If you're looking to see a slice of the delicious cannabis market pie, here are some marijuana stocks you can search up right now!
(Note: Please do your own due diligence before investing in any stocks. Stocks are a gamble and there's no guarantee that they will increase in value in coming years.)
Insys Therapeutics (INSY)
One of the more notorious marijuana stocks on the NASDAQ market right now belongs to Insys Therapeutics, one of the leading medical marijuana companies based out of Arizona. Their specialties include Syndros, a synthetic THC element that's been proven to alleviate symptoms in cancer patients, HIV sufferers, and anorexia sufferers.
That being said, they are also pretty famous for Subsys, a spray form of fentanyl. The owners have come under legal fire for preventing the legalization of marijuana in the past. So, people who may be concerned about the heroin epidemic may want to invest in another company—if only for ethical reasons.
Zynerba Pharmaceuticals (ZYNE)
Zynerba Pharmaceuticals holds one of the more interesting marijuana stocks on the NASDAQ right now. Their entire focus is creating transdermal treatments that are infused with cannabinoids—all to help patients whose needs aren't being met through other options.
If you're looking for a company that believes in the benefits of medical marijuana, Pennsylvania-based Zynerba is it. They've created treatments for Fragile X sufferers, epileptics, and more. So, seeing their stock rising definitely puts a smile on many peoples' faces.
Kush Bottles (KSHB)
If you are perusing the OTCQB market based out of New York, keep an eye out for marijuana stocks, too. Kush Bottles, which has been on that particular finance exchange for years, has been recognized by Inc.'s 2016 list of the "5000 Fastest Growing Companies in the America."
Their specialty: helping other entrepreneurs enter the cannabis industry by removing red tape, improving marketing, and teaching them how to navigate the rapidly-changing world of medical marijuana.
Cannabis Science Inc. (CBIS)
Cannabis Science is another OTCQB stock that focuses on marijuana. It's also one of the only companies that's bold enough to put the word "Cannabis" in its name. So, it's safe to say that as far as marijuana stocks go, this one is one of the most THC-friendly.
This biotech firm specializes in, you guessed it, medical marijuana. That being said, this is one of the smallest stocks on the market right now. An ideal penny stock, investing in them shows a belief in the underdog, a fandom for cannabis stocks, and a love for Mary Jane.
Terra Tech Corp. (TRTC)
Terra Tech is one of those marijuana stocks that will make every pothead squeal with joy—primarily because they are bent on growing the most high-quality medical marijuana money can buy. Their slogan is "Changing the world, one seed at a time." And so far, they've definitely been leaving an impact on the cannabis world.
Currently Terra Tech has three subsidiaries—Blum, IVXX, and Edible Gardens. Considering how new the medical cannabis industry is, it's safe to say they're going to be growing in coming years. Currently, they're on the OTCQB market with a pretty affordable price.
Cannabis Sativa (CBDS)
Another one of the many marijuana stocks on the OTCQB market is Cannabis Sativa. Much like Terra Tech, they have quite a few subsidiaries under their belt. Their focus is basically anything cannabis and hemp-based.
If you like iBudtender, Kush Inc, or Wild Earth Naturals, you've seen a couple of their companies at work. Cannabis Sativa is all about growing high-quality cannabis and distributing awesome cannabis products to stores wherever legal cannabis is sold.
CV Sciences (CVSI)
Another favorite on the OTCQB board is CV Sciences, a company that sets itself apart from other marijuana stocks by focusing solely on CBD products. Since CBD oil is legal in 49 states, that makes CV Sciences one of the safer stocks to invest in—at least in one way.
Their specialty is using CBD oil as a way to treat nicotine addiction. If you're a fan of quality cannabidiol, this might be a company you want to keep an eye on.
Innovative Industrial Properties (IIPR)
Perhaps one of the most surprising stocks to join the ranks among marijuana stocks is Innovative Industrial Properties. This NYSE-based stock belongs to a major real estate investment company that only recently started to snag medical marijuana properties and growth farms.
Simply put, if you love REITs, then you're going to adore investing in IIPR. Long-term, triple-net leases are what makes IIPR profitable—and what will increase their value long-term.
Alright, let's get back to the OTCQB world, this time with an all-American company by the name of AmeriCann. (See what we did there?) AmeriCann Inc. is a company that's focused on designing and developing state-of-the-art cannabis properties.
So, this is part tech company and part agriculture company. If you're into sustainable practices, then AmeriCann will be one company that you want to look into.
Players Network (PNTV)
Finishing off this list is another one of the many marijuana stocks on the OTCQB. This time around, it's a 20-plus-year veteran of the business world, Players Network. This company has holdings in two separate areas: marijuana growth and media.
They are the guys who own Weed TV and Green Leaf Farms. Needless to say, it's a popular company that has proven itself to have a lot of staying power in the always evolving medical marijuana world.
Iggy Paulsen is a fan of anything and everything wholesome. He loves his two dogs, hiking in the woods, traveling to Aruba, building DIY projects that better humanity, and listening to motivational speakers. He hopes to eventually become a motivational speaker himself.