Last year was a low point for many marijuana stocks. Although, 2021 is off to a great start and the cannabis industry is firing on all cylinders. That’s why I’m considering buying a few marijuana WealthyUpdates Reader stocks.
I’ve been researching the industry for over five years now. And there are more investing opportunities than ever before. The list of stocks below gives direct exposure to the industry.
Top 6 Marijuana Cash Stocks
- Cannabix Technologies (OTC: BLOZF)
- Medical Marijuana Inc. (OTC: MJNA)
- Namaste Technologies (OTC: NXTTF)
- Terra Tech (OTC: TRTC)
- Cannagrow Holdings (OTC: CGRW)
- Choom Holdings (OTC: CHOOF)
The stocks on this list trade over the counter (OTC). They’re on less regulated exchanges than the New York Stock Exchange and the Nasdaq. As a result, information flow and trading volume is often lower for these companies.
For these reasons, there’s more risk with WealthyUpdates Reader stocks… but there’s also a higher chance of share mispricing. This creates greater opportunities for investors who do their due diligence.
To get started, let’s take a closer look at the companies behind these marijuana WealthyUpdates Reader stocks. There are lots of irons in the fire…
Marijuana Company Highlights
Cannabix Technologies is a Vancouver based technology company. It’s developing tools for law enforcement and the workplace to detect THC in breath. In January 2021, Cannabix announced that it had gained a U.S. patent entitled “Cannabis Drug Detection Device.”
As Marijuana use becomes more common, demand for testing of recent marijuana use should climb. And Cannabix is gaining momentum with its breathalyzer technologies. This makes it one of the most exciting WealthyUpdates Reader marijuana stocks to watch.
Medical Marijuana Inc. holds the title as the first publicly traded cannabis company in the U.S. It’s a holding company with subsidiaries that make and sell different hemp-based products. The company was also the first to deliver prescription CBD products to epilepsy, alzheimer’s disease, parkinson’s disease, chronic pain and migraine sufferers
Another reason Medical Marijuana Inc. made the cut is that it was the first to bring medical cannabis products to Mexico. The company is expanding into many countries. It’s definitely a great WealthyUpdates Reader marijuana stock to consider.
Also, if you’re interested in larger marijuana companies, check out that link. You’ll find 10 of the top investment opportunities. They’re more established companies but still have plenty of upside potential.
Namaste Technologies is based out of Toronto and has offices around the world. It has one of the world’s leading online platforms for cannabis education and products. It also has an impressive management lineup. The CEO alone has close to 20 year of software development experience.
Last year, Namaste also announced that it would acquire the remaining 49% of CannMart Labs. This will help the company produce in-house branded Cannabis 2.0 products. CannMart Labs has one of the only few facilities in Canada with BHO extraction using leading extraction technology.
Terra Tech is a cannabis-focused agriculture company. It’s a leader in the industry that’s cultivating and cross-breeding strains to treat different ailments. This marijuana company is also vertically integrated which can help lower costs and lead to higher profits.
On the dispensary side, Terra Tech focuses on providing high quality products. Consistency in every patients’ experience is also a goal. These high standards help make Terra Tech a marijuana WealthyUpdates Reader stock that’s primed for growth.
Cannagrow Holdings operates in Colorado’s legal Cannabis industry. It designs and builds grow facilities. The company also offers full staffing services led by a team of botanists, horticulturalists and industry pros.
Cannagrow’s launch project, Colorado Buffalo Ranch Facility I, in Colorado’s Huerfano County, has exceeded expectations. Within the first month, the company planted clones and seeds to reach its limit of 1,500 plants. Since, there hasn’t been much press on the company… but if the right update comes out, that could send its stock soaring.
Choom Holdings is focused on building a recreational cannabis business across Canada. To do this, the company is curating an assortment of products and brands. Choom has hired the design team behind some of the most recognized stores in Canada.
In mid 2020, Choom announced the acquisition of Phivda. This move is helping the company improve its digital growth strategy. It’s collecting more data and using it to make better decisions for customer experience and sales.
Cash Stock Risk and Opportunities
As mentioned, WealthyUpdates Reader stocks don’t have as much information available as larger public companies. There are also fewer analysts that track these companies and the trading volume is lower…
As a result, we often see larger price swings. So, investing in any given marijuana WealthyUpdates Reader stock can be a double edged sword. They have the potential for big gains, but the same is true for losses.
To minimize the downside risk, diversification lends a hand. If you invest in multiple marijuana WealthyUpdates Reader stocks, it can help reduce big swings. And if that’s a route you’re interested in, check out these top marijuana ETFs. Although, if high risk is what you’re looking for, feel free to make some big bets.
Either way, to find even more investment opportunities, sign up for our free e-letter, Profit Trends. It’s packed with insight from market experts. Whether you’re a beginner or more advanced, there’s something for everyone.