There are many analyses made on marijuana segment and bloggers or financial analysts give their interpretation for the most rewarding marijuana stocks. Some of the best stocks in the pot sector are medical marijuana penny stocks.
The growth of medical marijuana is likely to be the highest in the coming future. The legalization of medical marijuana was the first step taken by the Canadian government and the recent one for recreational marijuana has become a lifeline for this industry. US legalization would have a much deeper impact on the global market and the stocks would have a broader scope throughout the world. The approval of medical marijuana in the US is moving at a faster pace. The market will have to expose consistent and quality-based efforts to retain the status of their medical marijuana efforts. The scale of these industries will matter and the small companies implying their constant efforts will provide better gains for the investors. The risks go hand in and with the medical marijuana stocks being considered but you can only earn profits with penny stocks if you have the capacity to deal with these risks.
Medical marijuana penny stock list
- Charlotte’s Web (OTCMKTS: CWBHF)
Charlotte’s Web Holdings, Inc. is the producer and distributor of hemp-based wellness products in the US. The company produces capsules, tinctures and topical products including cannabinoids. The company is only one year old but has established a good reputation in the market. It trades on the OTCBB and even on CSE (Symbol: CWEB). The market is expected to be huge and the company’s present rate of $14.50 is fair enough to be included in the list of good medical stocks on the OTC platform.
- CannTrust (NYSE: CTST)
This company was incorporated in 2015 and since then, it has produced and sold medical and recreational cannabis in Canada. It has more than double the value and remains on the upwards track since December 2018. With the legalization of medical cannabis in many parts of Canada and the US, the company has attained leadership for consistent growth and profitable results. The upward trend of the company is mainly due to the selling of dried cannabis and cannabis extracts for medical use. The current price of the stocks is $5.75 and it moving ahead to its 52-week high price having double the value at present.
- Cronos (NASDAQ: CRON)
Cronos Group has made their headlines for the consumer business. Altria (tobacco giant) has invested a big sum in the company for the business association. This would be a big plus to reveal the production capabilities of the company. Cronos is a medical marijuana stock and the major revenue of the company at present is through the medical marijuana stream. Cronos has its supply to various markets around the world, such as Germany, Poland, and Israel. The investors should remain patient with the stock. The company couldn’t show its best side in the previous quarter but it is expected that it will grow in its stock range in the coming phases with its consistent growth. The stock prices are over $14 as of now.