5 Best Marijuana Penny Stocks Right Now After States Prefer Marijuana Legalization

Best Marijuana Penny Stocks Right Now
iStock.com/Adrian Bysiak

Best Marijuana Penny Stocks Right Now

To be absolutely blunt (pun intended), if you’re not investing in marijuana now, you could be missing the proverbial “pot” of gold. With the California marijuana legalization that took place on January 1, 2018, making recreational use of weed legal in the most populous U.S. state, the floodgates have opened. If ever there were a time to invest in the best marijuana penny stocks, it would be now.

In this article, we’ll discuss five of the best marijuana penny stocks right now. These five companies have been growing the “green gold” for a while, and are now focusing on growing sales.

Please don’t go by the recent dip in their stock prices (see charts below). Further down in this article, I’ve explained the reason for this dip, and have also explained why I believe this is a temporary aberration for the marijuana juggernaut. But first, let’s take a look at my top marijuana penny stocks in 2018.

Marijuana Penny Stocks List

The following penny stocks list will give you a quick look at these hot penny stocks.

Penny Stock Ticker Symbol (OTCMKTS) Low Price
(last year)
High Price
(this year)
Growth (%) Current Price (USD)
Cannabis Wheaton CBWTF $0.59 $2.14 362% $1.25
Cannabis Science CBIS $0.03 $0.13 433% $0.07
Global Cannabis Application FUAPF $0.04 $0.74 1850% $0.24
mCig Inc MCIG $0.13 $0.39 300% $0.20
Aphria APH $4.71 $22.89 485% $13.21

(Table last updated March 27, 2018.)

Though weed legalization in the U.S. is gaining steam, it’s not all smooth sailing.

1. Cannabis Wheaton Income Corp (CBWTF)

Cannabis Wheaton Income Corp (OTCMKTS:CBWTF, CVE:CBW) is taking the business model of its parent company, Wheaton Precious Metals Corp (NYSE:WPM), and applying it to the marijuana industry. Wheaton Precious Metals has mastered the art of precious metals streaming, wherein it chalks up an agreement with a miner to purchase metals production at a fixed price and sell at market value.

For cultivation, Cannabis Wheaton has teamed up with streaming partner FV Pharma Inc., located in Cobourg, Ontario, Canada. Ever since the agreement was inked, FV Pharma has been advancing the design, construction budget, and timeline for the development of its 620,000-square-foot full operational facility.

CBWTF stock has enormous potential. The numbers (see table above) speak for themselves. With marijuana legalization just around the corner in Canada, there’s no telling how far up the price will go.

Chart courtesy of StockCharts.com

2. Cannabis Science (CBIS)

In recognition of marijuana’s medical properties, Cannabis Science Inc (OTCMKTS:CBIS) is completely devoted to the medical aspect of marijuana. CBIS is planning to build its reputation as the company that’s spearheading the treatment of common conditions, such as attention deficit disorder (ADD), post-traumatic stress disorder (PTSD), and even the most deadly illnesses (including cancer) with marijuana.

That said, the company is still in its nascent stages and its stock price is at a highly affordable $0.07. Given that pain is a constant, there will always be a market for pain relief, and if CBIS stock lives up to its claims, the smallest of investments (you can buy a thousand shares for as little as $70.00) can turn into a fortune.

Chart courtesy of StockCharts.com

3. Global Cannabis Application (FUAPF)

I’m especially excited about Global Cannabis Applications Corp
(OTCMKTS:FUAPF, CNSX:APP) because of its unique proposition of using blockchain technology (the technology that has driven the cryptocurrency revolution) to streamline the marijuana industry.

As both government bodies and cannabis-related businesses are entering uncharted territory with marijuana, regulatory agencies would like to ensure that the supply comes from legal vendors and providers. This is where Global Cannabis’s blockchain applications come into the picture as they can offer an exceptionally quick, trustworthy, and fool-proof solution to concerned government agencies.

As a bonus, the blockchain technology can also be used to procure and analyze data for medical marijuana. This will help doctors prescribe specific cannabis strains for specific ailments and levels of pain. This outstanding utility is a big reason for investor interest in FUAPF stock.

Chart courtesy of StockCharts.com

4. mCig Inc (MCIG)

mCig Inc (OTCMKTS:MCIG) has its hands deep in every aspect of the marijuana supply chain—right from cultivation, to packaging, to new innovations in service and distribution. Considering the fledgling stage of the industry, diversification (having multiple revenue channels) is not a bad thing.

One example of innovation is its construction division, which provides turnkey ISO-certified growing rooms. These rooms will allow budding marijuana enthusiasts to practice their growing skills without too much of an investment.

Chart courtesy of StockCharts.com

5. Aphria (APH)

Unlike many cannabis-stock wannabes that are potentially fly-by-night pot penny stocks, Aphria Inc (OTCMKTS:APHQF, TSE:APH) is already actively producing hydroponic cannabis with the help of the Canadian government and selling it for medical use. Thanks to the backing of the Canadian government, APH stock is already on the upswing and the future looks bright.

Chart courtesy of StockCharts.com

Analyst Take

Investing well is all about owning shares in companies that are financially secure, growing fast, and expected to expand their market share rapidly. However, if you look at the charts of the five companies I’m recommending here, they all show a downward trend this year. This is because of the Trump crackdown on marijuana. However, the way I see it, with Canada going ahead with its legalization plans, this downward trend will soon reverse.

Having said that, the marijuana industry is a volatile one at best, and highly speculative, which is why the best marijuana penny stocks make a lot of sense. Though the risks are high, the entry point is low and the returns can be very high. So interested investors can go ahead and take a “pot” shot at it.