Penny pot stocks to buy

Penny pot stocks to buy

Posted: goohost Date of post: 18.06.2017

There are even dozens of publicly traded pot stocks.

penny pot stocks to buy

But should you buy any of them? Many of the companies are trying to attract investors with goofy names and ticker symbols that make it obvious they're in the pot business.

Amusingly, the stock with the ticker symbol is THC is not a pot firm but giant hospital owner Tenet THC. Nine things to know about legal pot. But once you weed sorry, again out the large number of speculative penny stocks that don't trade on big exchanges like the NYSE or Nasdaq, you are left with just a handful of companies that seem legit.

Swartz said the biggest problem right now is that there is a shortage of "seasoned" his word, not mine executives and board members at many of these young and tiny pot companies. The fact that marijuana is legal only in some states but not at the federal level also makes things more complicated. Swartz said that investors looking at any pot company have to do their homework to make sure that the firms are complying with all laws and taking quality control seriously.

Best marijuana stocks to buy now - The Cody Word - MarketWatch

The lack of any real industry standard for products doesn't help either. He noted how a candy bar sold in one dispensary can have a different amount of THC in it than one with an identical brand sold in a nearby town.

Swartz said there's only one marijuana-related stock that actually trades on one of the big exchanges: GW Pharmaceuticals GWPHa British biotech listed on the Nasdaq.

The company is working on several cannabis-based drugs.

Top 4 Marijuana Stocks to Watch in June (ABBV, SMG) | Investopedia

Hilary Bricken, an attorney with Seattle-based law firm Harris Moure, and contributor to its Canna Law Blogagrees that GW Pharmaceuticals stands out in the crowded field of penny pot stocks. It is working closely with the FDA on its drugs. Penny pot stocks to buy few Wall Street analysts cover it. And several well-known investing firms, such as Fidelity, Federated FIIJanus JNS and BlackRock BLK are among the top holders of the stock.

Marijuana Penny Stocks 2016 - Warning From Tim Sykes

Boost your high with Of course, the company is still very risky. Like many small biotechs, it's losing money. But it's a beacon of safety compared to penny pot stocks to buy rest of the pot sector. Fraud has run rampant," Bricken said. The rest what time does the nyse close on december 24 these quickly make money neopets live life from press release to press release.

The Securities and Exchange Commission cracked down on pot stocks last year, suspending trading in five of them "because of questions regarding the accuracy of publicly available information about these companies' operations.

The SEC added that two of those suspensions were due to alleged illegal trading activity. But there is no denying the potential in the marijuana business. Alcohol and tobacco companies bring in billions of sales and profits every year.

Why shouldn't there be an Anheuser-Busch InBev BUD or Altria MO of pot?

Swartz even thinks that before the end of the year, a big drug firm or agricultural products company will look to buy a cannabis business.

Bricken isn't so sure though. She make money selling fire extinguishers that such validation of the industry is still many years away since so many state and federal laws would need to be changed.

Still, many investors are willing to roll the dice with the hopes of a big pay day.

penny pot stocks to buy

Bricken knows this firsthand. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar. Daily newsletter, Sunday through Friday. Most stock quote data provided by BATS.

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penny pot stocks to buy

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