As more States throughout the US decide to legalize the recreational use of marijuana, companies involved are growing, and as such, they can be invested in. Currently, these companies are being sold as penny stocks, and that makes them a much higher risk, but at the same time, those who are prepared for those risk have the potential for significant earnings. Here we will take a look at Nutrafuels and eight other marijuana penny stocks that you might want to consider investing in during the remainder of the year of 2017.
Which States Are Voting To Legalize The Sale Of Recreational Marijuana?
Among the states that have either already approved legislation on the legalization of recreational marijuana or are in the process of doing so include Arizona, Arkansas, California, Florida, Maine, Massachusetts, and Montana. As these states approve legislation, it is sure to set a trend that is likely to be followed by many other states. As this trend grows and is more accepted across the Nation, it will only serve to increase the businesses that are involved in its distribution.
The key to investing in companies and these marijuana penny stocks is to understand which companies are poised to profit and which are positioned to fail. Some of the companies have extended debt that they are unlikely to be able to pay, and this is going to lead to their failure. Other companies, on the other hand, have doubled and tripled their profits in recent months and are perfectly poised to continue to do so throughout the remainder of the year.
Profits VS Principle
Many investors find themselves facing a dilemma. As investors and business people, they invest to make profits. But some of them who have various moral or religious convictions debate over whether they should stand on principle or make decisions based on what’s likely to be highly profitable. Obviously, this is a personal question and one that only each investor will be able to make.
There was a time in America when alcohol was outlawed. It is highly likely that there were individuals that at the time viewed alcohol as something that went against their moral convictions or religious beliefs. But once Alcohol was again made legal, then in time the majority of people simply accepted it. For that reason, there are many people who can invest in companies that are involved in the production and distribution of alcohol without any issues.
It is highly likely that in time it will be the same with marijuana. At this time, there are so many people that feel that it is very wrong but without arguing either side of that debate, the fact is that it is being made legal in many states and is likely to ultimately be legal Nationwide. This means that in time it’s highly likely that the majority of people, regardless of what their personal moral beliefs are at this moment, will likely become comfortable with the idea of investing in these companies.
For that reason, those that are considering investing in these penny stocks for profits should likely do so strictly on the face of their investment value and potential. Just as American policy separates church and state, investors should likely separate profit and principle.
Looking At The Long-Term Potential
Similar to any other investing it is important to look at the long-term potential to determine the real chances of profit. Anytime an investor is looking to put their money in a company, they will want to make sure that it’s a reputable company that manages its money well. If it’s over burdened with too much debt, then it’s a potential loser. If on the other hand, it has manageable debt and a solid plan in place for growing the company and its profits, then that’s a company that has good potential.
If a company has great management in place, then this is another thing that will help keep the company stable and growing. A company that is managed well and has its debt in control and a good plan for growth and profits is exactly the type of company that investors will want to look to invest in. It doesn’t necessarily take a long time to achieve profits. It is highly likely that some of these companies will see significant growth over the next two to three years
Nutrafuels And 8 Other Marijuana Penny Stocks To Consider In 2017
This is an American company located in the state of Florida. Among their products, they produce skin care from hemp and other skin care products. As well, they also produce an oral spray and are considered among industry leaders in the manufacturing of CBD products including liquid products.
The manufacturing plant has been inspected and is approved by the Department of Agriculture in the state of Florida. They are registered with the FDA, and they carry a certification by cGMP which is a third-party certification business.
- American Cannabis Company
This Corporation was established in 2001, and it is designed to offer a variety of solutions for businesses in the US and Canada. The company helps to advise other businesses in the industry as well as helping them with the supply of equipment for cannabis production.
- Aurora Cannabis In Com
This company has been helping to grow and market medical marijuana in Canada. It has a 55000-foot facility and offers the highest grade medical marijuana. This year alone it sees a growth of over 90%.
- Cara Therapeutics
This company which was an established in 2004 is considered to be a biopharmaceutical business that develops pharmaceuticals for the nervous system. Specifically, they have focused some of their efforts on treating adult pain. They consider some of their products to focus specifically on neuropathic and inflammatory pain. They have seen a drop in their stock value, but there are many reasons to believe that this will rebind.
- Canopy Of Growth Corporatio
This company was once known as Tweed Marijuana Inc and is one of the largest producers of medical marijuana in Canada. They have a half a million square feet of indoor greenhouses, and they recently purchased Bedrocan Cannabis Corp. for just under $60 million. To date, their stock is growing over 30%.
- Medical Marijuana Inc
Even though this company was formed in 2005, it is still in the development stage. All of their services and products are focused on medical marijuana and other industrial uses for hemp. Among their products are chewing gum made with cannabis as well as extracts made to be used as a pharmaceutical medicine and with nutritional products and cosmetics.
This stock has all the appearances of having a potential for profit. It is currently seen as a leader in the Cannabis industry. Their solutions are dependable and of high quality and they are poised to help companies with their needs and safety issues in the industry.
- Cannabis Sativa
This is a 12-year-old company based in Nevada, and they went public recently. Their business is based on Natural products made with cannabis. They make creams for trauma, and they are licensed for medical cannabis.
- Zynerba Pharmaceutical
This Corporation was established in 2007 and offers synthetic forms of cannabinoid Therapeutics. Some of their products are designed for people to use twice a day. They offer a patch that can be used in the arm or thigh and has shown its effectiveness in treating neuropathy and fibromyalgia. Their stock prices have grown moderately this year but are expected to Triple over the next couple years.
These are some of the companies with potential. You should always do your due diligence when investing. Invest in these penny stocks at your own risk.