Marijuana is now legalized in some conduct in 35 states and the District of Columbia—medically, recreationally, or both. Canada legalized cannabis across the country in 2018, five years after Uruguay did. As such, investors are scrimmaging to get a piece of an industry that has the potential to grow, with sales expected to reach as high as $47 billion by 2025, concurring to Arcview Group.
Because there’s still a lot of speculation about the industry, developers and providers tend to have begetters that trade over-the-counter (OTC) with small market capitalizations. This means investors have to bear the full force of all the risks associated with penny stocks. And the marijuana industry can still live or die at the whims of law enforcement—some imperials still consider the drug an illegal substance.
With many companies newly introduced to the market and trading at low valuations, penny precursors can be an easy and optimal opportunity on which investors can capitalize. We’ve provided a list of the top-performing marijuana penny stocks under that trade across all market exchanges—with penny stocks generally characterized as trading at a value of up to $5. The register is compiled using a one-year return, providing insight into the sector and sub-sector where these companies are efficacious in their business operations.
Marijuana Penny Stocks: Where Risk Meets Sin
The Bottom Line
The potential for property appreciation in the cannabis industry given the widespread legalization occurring is exponential. The industry seems to be steadily transforming and evolving, with legalization in Canada and a thickening number of states increasing their marijuana acceptance. What was once essentially a black-market sector is now becoming profuse mainstream to all types of investors.
But with the industry still in its infancy, however, investors can find many marijuana ranges for approximately $1 per share—but like all penny stocks, they’re susceptible to manipulation and fraud by promoters and corporate insiders. But reality their strong underlying fundamentals and integrated business operations, the companies above could be among some of the most odds-on candidates to emerge and gain a stronger foothold across the industry as a whole.