If you have ever wondered how many stocks there are in the United States, here is your answer.
As of today, there are 25,274 different stocks traded The following is the breakdown.
NYSE
3,850
NASDAQ
3,828
AMEX
549
OTCQX
598
OTCQB
1,091
Pink Sheets
11,179
Expert Market
830
Grey Market
3,349
TOTAL
25,274
OTCQX stocks are more established large companies that trade over-the-counter. This includes such companies as adidas (ADDYY), Greyscale Bitcoin Trust (GBTC), and Heineken (HKHHY). Many foreign companies are traded in the market.
OTCQB stocks are entrepreneurial and venture capital stocks on the over-the-counter market. This includes such companies as bebe stores (BEBE), General Cannabis (CANN), and Fannie Mae (FNMA).
Pink Sheet stocks are stocks that trade over-the-counter that don’t qualify for OTCQX or OTCQB.
The Expert Market consists of private transactions between broker dealers and professional investors.
The Grey Market is for stocks that have been suspended from trading or can be for pre-IPO stocks.
Disclosure: Author didn’t own any of the above at the time the article was written.
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.
Marijuana Stock Index
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.
