Today is 420 the holiday for Marijuana enthusiasts across the United States, if not across the globe. In honor of those lighting up, who surely find themselves in Washington or Colorado on this celebration of dubious legality, here’s a look at some of the most interesting Marijuana-peddling stocks on the market today.
Firstly, a quick aside: Marijuana remains completely illegal inside the United States by Federal Law, so none of these companies is directly involved in the sale or supply of Marijuana for illicit purposes. Though companies with just that mission statement exist, it’s very difficult for them to list on public stock exchanges without violating regulations.
Medical Marijuana Inc (OTCMKTS:MJNA)
It’s been five years since the truly massive bubble in Medical Marijuana (OTCMKTS:MJNA) stock, but that didn’t stop the company getting involved in last year’s bubble as well. with loses of more than 59% in the last twelve months, the company is being punished by the market, despite being one of the only firms in the industry with a calculable P/E.
Cannabis Science Inc (OTCMKTS:CBIS)
With products aiming at therapy for many illnesses, Cannabis Science Inc (OTCMKTS:CBIS) was one of the initial movers in the Marijuana stock frenzy of last year. The company’s failure to boost revenue hurt its growth rate and it lost close to 70% of its value in the last year alone.
GreenGro Technologies, Inc. (OTCMKTS:GRNH)
With production of the equipment needed to grow Marijuana its major business, GreenGro Technologies Inc. (OTCMKTS:GRNH) shares slumped alongside the rest of the marijuana penny stock market. In the last year the company has lose 80% of its value, though it’s still more than double the price it traded at before the spike in 2014.
GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH)
A stock that’s actually listed on a major exchange, GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH), is a British pharmaceutical company that’s looking to turn its Cannabis into a range of medications. Using the active ingredients of the Marijuana plant, the company seeks therapies to combat diseases like multiple sclerosis and epilepsy.
The firm’s stock has been driven up by 67.5% since the start of the year on hopes that its therapies can become mainstream in the near future.
TOTALLY HEMP CRAZY (OTCMKTS:THCZ)
A stock whose shares have risen by more than 10% on today’s market, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) was never a part of the recent marijuana stock bubbles, despite being public since 2003. The company has been attractive in recent months, however, gaining more than 2300% since the year began.
Figuring out why it’s different from the other stocks mentioned is an interesting exercise for the novice investor, but the key is, truly, that it’s not any different. The company’s Hemp-infused beverages don’t make any money, at least not through last year, and the firm is now worth $40 million. The company is currently celebrating 420 with a massive sale, so you can decide for yourself whether its product is worth it.
Disclaimer
All of the above are penny stocks, and all are incredibly risky places to invest any money. Playing these markets is dangerous as anybody who kept money in through the crash of the last year can attest. Don’t invest in marijuana stocks for growth, do it because you believe in the mission of a company, or just for fun. Pouring money into over-the-counter stocks is almost always a losing proposition.
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