logo
  Join        Login             Stock Quote

Medical Marijuana, Inc. (MJNA): Top 6 Stocks Soar Up To 97% On Federal Breakthrough

 August 30, 2013 02:39 PM
 


In an economically and technologically advanced world, it's not very often that we get a chance to see an entirely new industry born before our very eyes. But that's exactly what is happening right now in a little-known or understood segment of the market. And just like the industrial and technological revolution, it is creating a huge opportunity for investors.

I'm talking about the medical marijuana industry and medical marijuana stocks. Under a wave of state de regulation and Federal leniency, the medical marijuana industry continues to grow by leaps and bounds.

As it stands, 20 states have signed legislation legalizing medical marijuana. Illinois is the latest to join the group, with Governor Pat Quinn signing legislation on August 1. At the same time, the states have also been decriminalizing marijuana, reducing both penalties and fines.

[Related -Medical Marijuana Inc (OTCMKTS:MJNA): A Look At Pot Stocks Offering Quick Bucks]

But on the federal level, there has still been plenty of concern that the Federal government would crack down on the states and medical marujuana industry. And that was creating a lot of uncertainty in the industry.

But just yesterday, there was a key development on the federal level that sent medical marijuana socks soaring. The Justice Department came out and said it won't challenge state laws that legalize marijuana. This is a profound development in the industry that sets the table for more legalization and decriminalization. And it also sent medical marijuana stocks soaring, with Medical Marijuana, Inc. (MJNA) jumping 97% in the last hour of trade.


[Related -Medical Marijuana Inc (OTCMKTS:MJNA): A Look At Five Best Marijuana Stocks]

Let me help you beat the S&P 500 by 200% with my premium newsletter the iStock Growth Trader. Click on the link for a free 4-week trial and sample update!


As you can see, the trend of legalization and decriminalization is real, it's powerful and it is creating what I consider to be one of the best long-term investment opportunities. And it's never been easier to cash in on the trend, because there are already a number of publicly traded companies that specialize in the medical marijuana industry.

But here is an important caveat for anyone interested in these stocks. Many are penny stocks, and there is little information on them, making this a highly speculative and risky investment. So even though I consider medical marijuana to be an amazing investment opportunity, it will not be a smooth ride, so expect volatility.

Here is a list of my top 6 medical marijuana stocks with some key stats.

Top 6 Medical Marijuana Stocks

Medbox, Inc. (MDBX)

  • Market cap: $455 million
  • Average Daily Volume: 7.8K

CannaVEST Corp. (CANV)

  • Market cap: $201 million
  • Average Daily Volume: 74

Medical Marijuana, Inc. (MJNA)

  • Market cap: $160 million
  • Average Daily Volume: 6 million

Cannabis Science, Inc. (CBIS)

  • Market cap: $33 million
  • Average Daily Volume: 2.6 million

Growlife, Inc. (PHOT)

  • Market cap: $12 million
  • Average Daily Volume: 7.4 million

HEMP, Inc. (HEMP)

  • Market cap: $12 million
  • Average Daily Volume: 7.4 million

The Takeaway

The medical marijuana industry is being born right in front of our very eyes, and that is creating a huge opportunity for early investors who understand what is happening. But make no doubt about it, this is going to be a bumpy ride with plenty of volatility. But in the long run, there are few opportunities with the kind of upside potential as the medical marijuana industry and the small group of medical marijuana stocks that are in position to capitalize.

For more top stock picks and analysis, check out a 4-week free trial to Michael's premium newsletter the

iStock Growth Trader. The iStock Growth Trader is loaded with the hottest trends, the best stocks and detailed analysis that will keep your portfolio one step ahead of the game.
iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageWinter is Coming! Here's My Favorite Seasonal Trade

Over the years, I've been successful trading weather patterns as they relate to commodities such as crude read on...

article imageHow To Avoid 5 Common Investing Mistakes

When it comes to successful investing, the field of behavioral finance has shown that sometimes the worst read on...

article imageSector Detector: Bulls Go Down Swinging, Refusing To Give Up Much Ground

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down read on...

article imageThe Bumpy Road Ahead To Policy Normalization

When the dust clears from tomorrow’s Fed announcement, the crowd’s expecting that the slow but persistent read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.