Let’s take a look at some of the best marijuana penny stocks to buy now for May 2018.
It almost goes without saying, but penny stocks, and marijuana penny stocks in particular, are extremely volatile. Prices can often fluctuate by 30% in one day. If your timing is right, you can make a fortune, but if your timing is wrong, your losses can be substantial.
For the long-term investor and not the active day trader, however, marijuana penny stocks are still really interesting. Recreational and medical marijuana is now legal in more US states than ever before, and new marijuana companies are having a hard time keeping up with the newfound demand.
Best Marijuana Penny Stocks to Buy Now 2018
IMPORTANT: we receive ZERO compensation from the companies on this list; this is not a sponsored post and we are not endorsing these marijuana penny stock companies. Rather, our aim is to empower investors by displaying the most popular marijuana penny stocks so investors can quickly and easily see their options for investing in the marijuana/cannabis industry via low priced stocks.
Popular Marijuana Penny Stocks List
|Company||Ticker||Medical or Recreational|
|GreenGro Technologies, Inc.||GNRH||Both|
|Cannabis Science, Inc.||CBIS||Medical|
|American Cannabis Company, Inc.||AMMJ||Both|
|United Cannabis Corporation||CNAB||Medical|
|CannaGrow Holdings, Inc||CGRW||Recreational|
|Cannabics Pharmaceuticals Inc.||CNBX||Medical|
|Rocky Mountain High Brands, Inc.||RMHB||Recreational|
|PotNetwork Holding, Inc.||POTN||Both|
|Medical Marijuana, Inc.||MJNA||Both|
Ally Invest (see full 2018 review here) is the best broker for penny stocks in 2018. Ally has 24/7 customer service, the lowest commissions in the industry, and free robust online trading software.
GreenGro Technologies is a provider of indoor and outdoor agricultural services with a specific focus on the medical and recreational marijuana growing/harvesting realm. Some of the company’s products include eco-friendly solar systems for marijuana growing, greenhouses, and grow rooms.
As long as the demand for marijuana is present, so will the demand for growing equipment and those that know how to use it.
As a strictly medical marijuana play, Cannabis Science researches, tests, and brands medical cannabinoid products for the treatment of specific medical ailments.
Although the company has ambitious goals, to treat cancer with cannabis, they have had significant results and CBIS is one of the longest standing companies in the medical cannabis sector.
Based in Denver, Colorado, American Cannabis Company seems to be the one-stop-shop for any given medical or recreational marijuana company’s needs. AMMJ offers consulting on everything ranging from setting up a dispensary, to how to the most efficient ways to grow products.
As an entirely business-facing company, AMMJ helps aspiring marijuana companies get their feet off the ground and cemented in the industry.
Founded in 2007, United Cannabis Corporation is a long-standing medical cannabis company dedicated to researching, developing, testing phyto-therapeutic plant-based solutions to chronic diseases and ailments.
CNAB aims to improve the quality of life via plant-based therapeutics, and the active ingredients in marijuana are one of their primary areas of interest.
As a science-first company, CannaGrow ensures everything from soil to clients are happy, healthy, and satisfied. Staffing, site management, and facility development are all services offered by CGRW.
Essentially, similar to American Cannabis Company, CannaGrow is a business oriented company that offers a turnkey solution for other companies looking to grow and harvest marijuana.
With research and development based in Israel, Cannabics is actually a US-based medical marijuana company dedicated to providing diagnostic procedures related to the use of cannabinoids with cancer treatment.
Currently, the company has Cannabics Capsules that are given to cancer patients in Israel to improve quality of life as part of a study to determine efficacy for supplementing side effects of cancer drugs like loss of apatite.
As a management company, Rocky Mountain High Brands specializes in creating and distributing hemp-infused products, like energy drinks and snacks.
The company’s healthy energy drink alternatives compete with the like of Monster, Red Bull, and 5 Hour Energy. Their mission is use hemp to create great-tasting, functional products that are healthy and sustainable.
PotNetwork is a holding company that owns marijuana companies like Grinders Distribution, MediPets, First Capital Venture, and Pot Network.
PotNetwork.com is one of the premiere online cannabis news and information sources in the world. Therefore, by investing in PotNetwork Holding, Inc, you’re actually investing in a wide range of diversified marijuana brands.
In June of 2017, ACI (American Cannabis Innovations) acquired Puration as part of a multi-company rollup strategy, where several smaller companies are purchased by one larger company in an attempt to make the combined result more valuable.
Although ACI owns Puration, Puration still trades on the OTC market and continues to make and sell CBD infused sports drinks in the Canadian market, as well as operate several greenhouse growing operations.
MJNA is one of the most well-known marijuana penny stocks. Medical Marijuana’s claim to fame is being the first publicly traded company in the cannabis and industrial hemp markets.
The company has many of its own successful products, like CanChew CBD gum, and has introduced medical cannabis for the first time to several countries, sparking accelerated growth and excitement for investors.
Beyond the usefulness of Ally’s stock research tools, which is free of charge, Ally also has some of the best trading commissions in the industry. If you’re paying more than $3.95 for every trade with other brokers, why are you content with overpaying for commissions?
Plus, there are no minimum requirements, no maintenance fees, and 24/7 customer service. Ally also offers some pretty valuable deals: Up to $3,500 cash bonus + commission free trades for new accounts