9 Marijuana Penny Stocks to Watch in 2017
If you’re looking for the best pot penny stocks, you’ll love this list. Effective November of 2016 these stocks became very volatile as there were many voting to legalize marijuana in individual states including Nevada, California, Arizona, Florida, Maine, Arkansas, North Dakota, Montana, and Massachusetts.
While many of the companies in the marijuana sector have doubled and tripled in their pricing, there are also many that wound up to be financial train wrecks that were destined to a long term failure. Many people that are new in trading are spending upward of $500 only to find that they have made a terrible investment.
Struggling to survive and crippled in debt, they have little revenue in which to support the operation. From defunct mining companies that chose to add the word “cannabis” to the name in order to cash in on such a craze, many haven’t learned that this isn’t going to change things. The result is the same, if you put the stocks in the same lot, they’re still going to fail, and someone is going to get caught holding the “hot potato.” Once legislation passes, share prices begin to drop sharply.
1. Cara Therapeutics Inc. (NASDAQ: CARA)
In 2004 this company was founded in Shelton Connecticut. At its clinical stage, the biopharmaceutical company has developed many products that target the peripheral nervous system. I.V. CR845, the lead product for Cara, is in Phase III clinical trials. These are designed to treat postoperative pain in adults. This pain is in the acute pain stage. The company is also working in the development of lead molecules that are to selectively modulate the peripheral CB receptors while not targeting the CNS cannabinoid receptors. The most advanced form of the CB compound is the CR701. This is the current stage of preclinical development for the treatment of neuropathic as well as inflammatory pain.
The largest benefit of this is the development of the marijuana based analgesics as they work toward the CB2 receptors. The analysts are overly confident that in spite of the fact that the stocks have dropped, they will make a strong comeback. They began with a target price of $20.33, and the current price is $5.97.
2. Aurora Cannabis In Com NPV (OTCMKTS: ACUFF)
Based in Vancouver, this company is engaged in both cultivations as well as harvesting and the selling medical marijuana in the country of Canada. Using water from Canadian Rocky Mountains, it brings the cannabis plants to harvest in a 55,200-foot facility.
Offering high-quality medical marijuana the company is pricing the products at $8 per gram strain and $5 per gram composite for patients. It boasts free shipping anywhere in Canada, and the stock has grown over 90 percent since the start of the year.
3. The canopy of Growth Corp. Com NPV (OTCMKTS: TWMJF)
The Canopy of Growth and Corporation, formerly called Tweed Marijuana Inc., is by and far a large producer of all medical cannabis in the country of Canada that is marketed under the Tweed and the Bedrocan brands. With over half-a-million square feet of greenhouses indoors, this company acquired Bedrocan Cannabis Corporation in 2015 for about $58 million. As of current, the price grew 37.81 percent.
4. Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE)
This pharmaceutical company was founded in 2007 and focuses on the development and commercializing synthetic cannabinoid therapeutics that are created and developed for transdermal delivery. Two of the candidates are the ZYN002 AND THE ZYN001 forms. ZYN002 is a synthetic cannabidiol (CBD). The permeation enhanced gel for the transdermal delivery has designed the product to be delivered with only once or twice per day dosing.
The ZYN001 form enables the transdermal delivery via a patch. It is used on the arm, the back or the thigh. It’s being studied for treating conditions like fibromyalgia and peripheral neuropathy. Stock pricing has moderately grown this year, and it’s risen 6.45 percent as of date. Current’ price is $10.23, and the target price is $30.25.
5. American Cannabis Company Inc (OTCMKTS: AMMJ)
Incorporated in 2001, this company offers solutions for cannabis businesses in both the United States and Canada. There are two main components of the business operations: The advisory and consulting component and the sale of the products and the equipment for the clients in the cannabis industry.
Offering consulting services such as commercial marijuana business planning services and the license applications as well as the cultivation and the building of the consulting. This includes marijuana regulatory compliance and compliance audits as well as the business growth strategies and monitoring services. Additionally, the company offers up products and equipment like Satchel, SoHum, and Living Soil as well as High-Density, Racking System and lastly, The Cultivation Cube.
6. Cannabis Sativa Inc (OTCMKTS: CBDS)
Based out of Nevada, and in operation for around 12 years, this company just recently went public. Engaged in the development and the promotional work of natural cannabis products, they have both licenses for medical strains of cannabis like NZT and a lozenge that delivers the cannabis as well as a trauma cream.
7. Medical Marijuana Inc (OTCMKTS: MJNA)
Still in the development stage, yet incorporated in 2005, this company has a broad range of services, products, and technology. All of this is geared toward the medical marijuana and the industrial hemp sectors. It includes all cannabinoid based products as well as cannabis chewing gum and new and innovative extraction technologies as well as isolated high-value extracts that are designed, created and developed for pharmaceutical as well as cosmetics and nutritional industry. They are connected to Plus CBD which has had a very bad rap in the industry with some issue with product quality. This one is an iffy in our world.
8. Canna Securities (OTCMKTS: CSAX)
Regardless of whether you’re buying Canna Securities or stock will be dependent on the prospects of the cannabis business. Canna Securities (NASDAQ: CSAX) has stood out clearly as a stock of marijuana that appears to have no solid prospects. With their focus no directly on the marijuana itself, it’s a sure win.
CSA or Canna Security American was created in the year 2009 to meet the growing needs of the evolving medical industry from a legal standpoint of compliance. It offers a security aspect. CSA is instrumental in the development of the legal cannabis market in Colorado. They worked on the committee for rulemaking and with the Department of Revenue and they helped formulate the regulations in the state of Colorado.
At present, CSA is considered and recognized as a leader in the security and the compliance for the legalization of the cannabis industry. They offer high-quality and dependable solutions which are easily adaptable to meet the ever changing needs and safety of the industry. This delivers sustainable growth as they help entrepreneurs to grow and thrive in the new and dynamic market.
From the inception, they’ve specialized in the engineering of the custom security and to ensure that they are in full compliance with all of the federal and state regulations as well as the local laws. They offer security solutions to all of the cannabis businesses including armed, unarmed guards as well as armored transport. This also includes alarms, door access systems, and video surveillance. It includes security systems and all state licensing consulting.
This extensive list includes armored transport as well as guards that are armed and unarmed. Comprehensive background checks and all site risk assessments. Guards for CSA will dress professionally with appropriate identification, and they will all have a military or law enforcement experience. With a new fleet of Mercedes-Bens Sprinter vehicles, they are armored with the latest in bullet-resistant technology and all of them are GPS tracked and equipped with 4 point camera systems which offer live transmission at all times as well as streaming footage to the command center.
In this fashion, they can provide traceability for all pickup to drop off locations. They can also provide comprehensive security solutions to the industry for cannabis that is unparalleled.
With services to over 130 clients in over 500 facilities in 14 states where marijuana says CSA is now achieving a 100 percent approval in licensing and rating as well as their consultants. As regulations change, they can adjust quickly and efficiently as more states implement and regulate the dispensary models. They can leverage their expertise in compliance with the various security codes and standards as well as the guidelines to offer clients the most innovative and cost-effective security.
As the national leading security firm, they know what the risks are and what to anticipate. They can tailor their services to ensure that there is maximum loss prevention and everything is in legal compliance. We’ve positioned ourselves in the market as a brand name leader in cannabis security industry.
9. Nutrafuels (NASDAQ:NTFU)
NutraFuels is a United States manufacturer that is located out of Coconut Creek in Florida. With a facility that has been inspected and it’s also been approved by the department of agriculture in Florida, they are FDA registered, and they have a 3rd Party cGMP certification. All of the staff are trained and certified in the cGMP requirements.
NutraFuels are all manufactured with the highest quality standards and all of the industry protocols. Their portfolio of companies includes none other than industry leader CBD Skin Care Hemp Genix and the Skin Care Manufacturer leaders NF skin. They also include Oral Pro Nutra Spray and Nutra Pro Shot as well as many others. Nutra Fuels has led the industry in the manufacturer of CBD oral sprays and other liquid CBD products.