Investment interest in the medical marijuana industry has surged since Colorado and Washington voters in 2012 legalized sales.
The medical marijuana sector is off to a great start in 2014 with rising momentum for the prospects of legalization in the United States that are enticing stock market investors. Decriminalization bills are in progress in more than 20 different states and the federal government just announced it will no longer prosecute marijuana possession in states that already have loosened their laws.
Marijuana penny stocks have shown some of the biggest percentage gains in the market this year since 2013 and continues to be a hot market in the new year.
The demise of marijuana prohibition in the next few years looks like a historic opportunity for investors. Investors who have had a watchful eye on the cannabis industry but where hesitant to jump in because of the negative stereotypes, have jumped head first into the legal, medical marijuana industry.
A Boost From The 2014 Farm Bill
In January, the U.S. Senate passed a new farm bill that will legalize the cultivation of hemp, a nonintoxicating cousin of marijuana that produces valuable fibers and health supplements. Many power players on Wall Street view the cannabis industry and the next great American venture.
Statistical Growth Indicators From ArcView
ArcView, e U.S. market in legal marijuana market at $1.44 billion in 2013, with growth projected at 64 percent to $2.34 billion in 2014 and 600 percent to $10 billion in five years. The segment is growing not just from the growing and selling of marijuana but from outside influences as well. These include insurance companies, agricultural equipment companies, technology advancements, etc…
Creatively Delivering New Methods For Marijuana Consumption Fuels Start-Up
Medical Marijuana, Inc (MJNA) from San Diego, California has created an entirely new market for marijuana consumption beyond smoking. They specialize in edible products and have more than 70 edible products ready for consumers. Their products range from ice cream to muffins to butter. They have something for every conceivable way to ingest marijuana and continue to find innovative ways to deliver the product.
The heavily traded options for medical marijuana stocks trade OTC (over-the-counter). Technically they are in the penny stock category and as such medical marijuana stocks are not bound by the same regulations requirements like stocks that are traded on the New York Stock Exchange.
Medical Marijuana Inc. (MJNA)
The industry standard for marijuana stocks, MJNA stock trades at a clip of over 6 million shares each day. If you are looking to minimize your risk in the sector, MJNA is the safe play.
Another high volume trade at 13 million shares per day, Growlife is a holding company that delivers products for the grower side of the equation. The company has created the first retail kiosk based compliance & payment processing system for marijuana dispensaries.
Cannabis Science (CBIS)
The CBIS stock was founded by one of the pioneers of cannabis research, Dr. Robert Melamede. It truly is the ‘scientific’ choice for your marijuana investments. Their goal is to work hand in hand with the FDA (Food & Drug Administration) for approved marijuana products to market.
Another cornerstone for any industry is a dedicated payment processor. This is the niche for MediSwipe, as they specialize as a facilitator in marijuana transactions by offering payroll processing, accounts management, etc…
Remember to use extreme caution when dealing with penny stocks. While the potential for a huge payday is there, it goes without saying how risky it can be. With that said, the end of marijuana prohibition in the near future makes this a very enticing play for investors. The sky is the limit for what the industry can become, and it could truly be the next great American revolution.