Below are the best 4 marijuana stocks for 2018. From penny stocks to mid-cap companies, this is an up-to-date list of the hottest companies in a burgeoning sector that investors are interested in. All of the companies listed here are based in America. According to recent data published by Energias, the medical marijuana industry is anticipated to grow from $8.28 billion in 2017 to a shocking $28.07 billion by 2024 at a compound annual growth rate of 19.1%
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1. General Cannabis Corp.
(OTCMKTS: CANN) – Cannabis services company
The General Cannabis Corporation provides legal marijuana related services to companies and individuals in the US as well as designs, makes and sells marijuana inspired clothing – whatever that means. These services include cash transportation form dispensaries, leasing of cultivation space, and the provision of security and on-site professionals.
According to Robert Frichtel, the Chief Executive Officer, “fiscal 2017 was a transformative year for General Cannabis. Our balance sheet has never been stronger. ” Robert expects the Marketing Segment to show significant growth, because General Cannabis will be pursing national retailers for their apparel lines. As marijuana legalization continues to grow, this is an interesting company to keep an eye on.
2. Kush Bottles, Inc.
(OTCMKTS: KSHB) – Packaging supply and services company exclusively for marijuana industry
Founded in 2010 and based in Santa Anna, California, Kush Bottles designs, markets and sells silicone-lined polystyrene containers to urban farmers and growers. If that sounds confusing, Kush Bottles makes wholesale marijuana accessories (mostly packaging to store marijuana in) and sells them directly to consumers and dispensaries.
Kush Bottles also offers a white label packaging service. Meaning, an enterprising marijuana company that wants to get their product ready for distribution can hire Kush Bottles to manufacture the containers with any designs, logos, and details the company desires.
3. Terra Tech Corp.
(OTCMKTS: TRTCD) – Designs, makes, and sells hydroponics equipment to indoor growers
Terra Tech is an interesting marijuana stock play, because the company actually operates in two segments: Hydroponics Produce and Cannabis Products. As one could probably guess, the Hydroponics Produce segment engages in the production of herbs, produce, and flowers.
The Cannabis Products segment, however, physically operates several medical marijuana dispensaries in California where Terra Tech sells its own marijuana products, like edibles, concentrates, etc. This is an interesting stock to keep an eye on, because it’s a partially hedged medical marijuana play. If the marijuana industry takes a dive, the company still has the Hydroponics Produce segment to fall back on.
4. MassRoots, Inc.
(OTCMKTS: MSRT) – A technology company in the marijuana industry
MassRoots is somewhat of a breath of fresh air in an industry that’s packed full of growers and companies that own dispensaries. MSRT is taking a different approach, by enabling users and marijuana consumers to rate marijuana products and strands based on efficacy and likes/dislikes.
Once this information is gathered, MassRoots then presents it in an easy-to-understand format via a mobile app that’s available for Android and iOS, so consumers can get the marijuana information they need on the fly – pretty cool. As of most recent data, more than one million people actively use MassRoots. This is definitely a marijuana stock to keep your eye on for 2018.
What to Know About The Best Marijuana Stocks for 2018
With the marijuana industry expected to grow exponentially over the next decade, many investors are seriously starting to notice. It’s interesting, though, because it seems that marijuana stocks and investments are still somehow stigmatized by the mainstream media, and the momentum has not fully caught on, yet.
As more and more states begin to legalize marijuana, and more and more investors begin to get comfortable with the idea that the marijuana industry has far more upside than downside, it will be very interesting to see what happens.