If you thought that stocks in all the sectors seemed to be drifting downwards recently, you probably didn’t notice that the marijuana industry has been smoking.
For example, Cannabis Sativa (CBDS) jumped over 36% today. This is the company that Gary Johnson, the Libertarian presidential candidate, resigned from in January as CEO and Director, in order to run for president.
General Cannabis (CANN) rose by 31%, Cannabis Science (CBIS) went up by 29%, and Medical Marijuana (MJNA) went up by about 21%.
So what’s the reason for all this activity? The upcoming election. Marijuana legalization in some fashion is on the ballot in ten states, which is a record in terms of marijuana measures in one election.
The states that are involved are as follows:
| Arizona |
| Arkansas |
| Arkansas |
| California |
| Florida |
| Maine |
| Massachusetts |
| Montana |
| Nevada |
| North Dakota |
Some measure just involved medical marijuana, such as Arkansas and Florida. Other states have measures to legalize recreational marijuana, in addition to medical marijuana. Most investors are looking at Proposition 64 in the state of California, due to the size of the state’s population. Many investors believe that if California legalizes, then the cannabis stocks will take off.
Look at the above chart of the Marijuana Stock Index. Back in late 2013, the pot stocks skyrocketed. Many investors in the medical arena became millionaires almost overnight, at least on paper.
The companies that make up this list are as follows:
| Advanced Cannabis Solutions | CANN |
| Cannabis Sativa Inc. | CBDS |
| Cannabis Science Inc. | CBIS |
| GreenGro Technologies, Inc. | GRNH |
| GrowLife Inc. | PHOT |
| Hemp Incorporated | HEMP |
| mCig | MCIG |
| Medical Marijuana Inc. | MJNA |
| Agritek Holdings (MediSwipe) | AGTK |
| Pharmos Corp. | PARS |
| Planda Biotech | PLPL |
| Psychemedics Corporation | PMD |
| Solvay SA | SVYZY |
| Terra Tech | TRTC |
| Valeant Pharmaceuticals Intl. | VRX |
One thing to keep in mind before investing in these stocks are that most of them are very low cap and extremely speculative.
If you are looking for a list of over 120 stocks that are connected to the marijuana industry in some way, go HERE.
It remains to be seen what will happen to these stocks, or what happens with the ballot measures, for that matter. Just remember, if you invest in a small cap stock, be prepared to lose it all.
Disclosure: Author owns CBDS, HEMP, and MJNA.
This kind of post is quite engaging. I will certainly be coming back to your website.
Thanks. We will be offering more interesting articles soon.
Only if I could run into more content like here, that would be awesome.
Pretty! This was a really wonderful post. Thank you for supplying this information.
And this is what I call awesome content. Continue the great work.
This is easily some of the best material I’ve happened on today. It’s not necessarily what I was looking for nonetheless it certainly got my attention. Now i’m glad I took the time to look it over.
Great article. Your article basically got me thinking about launching my own small business. Has anyone here chanced upon find a vape supplier com? It is basically an innovative market place for vape companies. I am thinking about starting an e-liquid line of products (liquid for vaporizers) but instead of spending money into a web site, hosting, seo and advertising campaigns and mark, I am thinking about listing with find a vape supplier com since it allows you to generate your own profile and list goods. It is very similar to ebay but it is aimed at businesses. The signing up is free of cost as the platform is in beta version. Do give me a shout if you have some experience with this website. Would be perfect to hear your ideas.
Great information in comparison to some of the similar subject material I’ve checked out. Continue the nice work.