Marijuana stocks are volatile, but high risk yields high rewards. Here are some of the main stocks that I have been eyeballing for some time. Most of them have been going down for some time and I am expecting that the time has come for them to once rise again. The Marijuana Business Daily forcasts marijunana sales surging to $8B by 2019 and the amount of capital investing in marijuana companies has risen by over 900%.
GW Pharmaceuticals (GWPH) has been bullish since it began back in 2013. The increase since that time has been a whopping 1,162% and 63% YTD. GW Pharmaceuticals has been around since 1998 and has focused on drugs for medical research. The cannibinoid component of the research has been geared towards treatments of the Central Nervous System. The current stock price is $114.11 and is down about 6% from the all time high on April 24th. A new product is a treatment called Epidiolex that treats a form of childhood epilepsy.
Vape Holdings, Inc. (VAPE) is founded by CEO and Chairman Kyle Tracey, a former president and co-founder of GrowLife Inc, Joseph Andreae, Allan Viernes, Benjamin Beaulieu, and Mark Scialdone, all with tons of experience in the MMJ industry. The VAPE Holdings brands include HIVE Ceramics that produces ceramic elements for vaporizers and custom design work, HIVE Supply, and Nouveau. HIVE Ceramics that produces ceramic elements for vaporizers and custom design work. Hive Supply provides packageing and sourcing services and is described as a "one-stop shop" for marijuana packaging necessities on their website. Nouveau is a website design and marketing company based in LA. The stock is currently priced at $0.52, down from high of $3.10 in July of 2014, a 82% loss. YTD yield is down 33% but has been trending upwards of 30% since the start of May. The market cap is $5.9M.
Growblox Sciences, Inc. (GBLX) focuses on cutting edge research and product development for medical marijuana. Their products include vape oil, flowers (buds), lozenges, patches, and the GrowBlOX system that will enable indoor cannibus cultivation in a sterile box. The stock is down about 7% since the start of the year and is up 129% since March 27th. Current price is $0.39 and the market cap is $13.7M.
Medical Marijunana, Inc. (MJNA) has been conductor of the bear market train since their previous peak of $0.37 on January 31st, 2014. The price has declined 79% to a low of $0.08. This penny stock has been all over the news after recently coming out with a sales increase of 280% in 2014. Medical Marijuana Inc. holds several companies including HempMeds, KannaLife, KannaWay, Canchew, Canipa Holdings, and more. In addition, they hold products including Real Scientific Hemp Oil, Dixie Botanicals, skin care products, vape products, CBD hemp oil supplements, and the Canchew hemp gum (first in the industry). Medical Marijuana Inc. was the first publicly held company in the marijuana industry and has a volatile past with surges in 2009, 2013, and 2014. The stock has flatlined since Tuesday and we are excitedly expecting something to happen here on Monday morning.