Best 9 Marijuana Penny Stocks to Watch in 2017
If you’re looking for the best pot penny stocks, you’ll love this list. Effective November of 2016 these stocks became very volatile as there were many voting to legalize marijuana in certain states including Nevada, California, Arizona, Florida, Maine, Arkansas, North Dakota, Montana, and Massachusetts.
Cannabis Penny Stocks 2017
While many of the companies in the marijuana sector have doubled and tripled in their pricing, there are also many that wound up to be financial train wrecks that were destined to a long term failure. Many people that are new in trading are spending upward of $500 only to find that they have made a terrible investment.
Struggling to survive and crippled in debt, they have little revenue in which to support the operation. From defunct mining companies that chose to add the word “cannabis” to the name in order to cash in on such a craze, many haven’t learned that this isn’t going to change things. The end result is the same, if you put the stocks in the same lot, they’re still going to fail and someone is going to get caught holding the “hot potato”. Once legislation passes, share prices begin to sharply drop.
1. Cara Therapeutics Inc. (NASDAQ: CARA)
In 2004 this company was founded in Shelton Connecticut. At its clinical stage, the biopharmaceutical company has developed many products that target the peripheral nervous system. I.V. CR845, the lead product for Cara, is in Phase III clinical trials. These are designed to treat postoperative pain in adults. This pain is in the acute pain stage. The company is also working in the development of lead molecules that are to selectively modulate the peripheral CB receptors while not targeting the CNS cannabinoid receptors. The most advanced form of the CB compound is the CR701. This is the current stage of preclinical development for the treatment of neuropathic as well as inflammatory pain.
The largest benefit of this is the development of the marijuana based analgesics as they work toward the CB2 receptors. The analysts are overly confident that in spite of the fact that the stocks have dropped, they will make a strong comeback. They began with a target price of $20.33 and the current price is $5.97. NF Skin Manufacturing
2. Aurora Cannabis In Com NPV (OTCMKTS: ACBFF)
Based in Vancouver, this company is engaged in both cultivations as well as harvesting and the selling medical marijuana in the country of Canada. Using water from Canadian Rocky Mountains it brings the cannabis plants to harvest in a 55,200-foot facility. Private Label Skin Care
Offering high-quality medical cannabis the company is pricing the products at $8 per gram strain and at $5 per gram composite for patients. It boasts free shipping anywhere in Canada and the stock has grown over 90 percent since the start of the year.
3. The canopy of Growth Corp. Com NPV (OTCMKTS: TWMJF)
The Canopy of Growth and Corporation, formerly called Tweed Marijuana Inc., is by and far a large producer of all medical cannabis in the country of Canada that is marketed under the Tweed and the Bedrocan brands. With over half-a-million square feet of greenhouses indoors, this company acquired Bedrocan Cannabis Corporation in 2015 for about $58 million. As of current, the price grew 37.81 percent.
Cannabis Penny Stocks
4. Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE)
This pharmaceutical company was founded in 2007 and focuses on the development and commercializing synthetic cannabinoid therapeutics that are created and developed for transdermal delivery. Two of the candidates are the ZYN002 AND THE ZYN001 forms. ZYN002 is a synthetic cannabidiol (CBD). The permeation enhanced gel for the transdermal delivery has designed the product to be delivered with only once or twice per day dosing.
The ZYN001 form enables the transdermal delivery via a patch. It is used on the arm, the back or the thigh. It’s being studied for treating conditions like fibromyalgia and peripheral neuropathy. Stock pricing has moderately grown this year and it’s risen 6.45 percent as of date. Current’ price is $10.23 and the target price is $30.25. Wholesale CBD Oil
5. American Cannabis Company Inc (OTCMKTS: AMMJ)
Incorporated in 2001, this company offers solutions for cannabis businesses in both the United States and Canada. There are two main components of the company operations: The advisory and consulting component and the sale of the products and the equipment for the clients in the cannabis industry. Wholesale CBD Isolate
Offering consulting services such as commercial cannabis business planning services and the license applications as well as the cultivation and the building of the consulting. This includes cannabis regulatory compliance and compliance audits as well as the business growth strategies and monitoring services. Additionally, the company offers up products and equipment like Satchel, SoHum, and Living Soil as well as High-Density, Racking System and lastly, The Cultivation Cube.
Marijuana Industry Penny Stocks 2017
6. Cannabis Sativa Inc (OTCMKTS: CBDS)
Based out of Nevada, and in operation for around 12 years, this company just recently went public. Engaged in the development and the promotional work of natural cannabis products, they have both licenses for medical strains of cannabis like NZT and a lozenge that delivers the cannabis as well as a trauma cream.
Regardless of whether you’re buying Canna Securities or stock will be dependent on the prospects of the cannabis business. Canna Securities (NASDAQ: CSAX) has stood out clearly as a stock of marijuana that appears to have no solid prospects. With their focus no directly on the marijuana itself, it’s a sure win.
CSA or Canna Security American was created in the year 2009 in order to meet the growing needs of the evolving medical industry from a legal standpoint of compliance. It offers a security aspect. CSA is instrumental in development of the legal cannabis market in Colorado. They worked on the committee for rulemaking and with the Department of Revenue and they helped formulate the regulations in the state of Colorado.
From the inception, they’ve specialized in the engineering of the custom security and to ensure that they are in full compliance with all of the federal and state regulations as well as the local laws. They offer security solutions to all of the cannabis businesses including armed, unarmed guards as well as armored transport. This also includes alarms, door access systems, and video surveillance. It includes security systems and all state licensing consulting.
With services to over 130 clients in over 500 facilities in 14 states where marijuana states CSA is now achieving a 100 percent approval in licensing and rating as well as their consultants. As regulations change they are able to adjust quickly and effectively as more states implement and regulate the dispensary models. They are able to leverage their expertise in compliance with the various security codes and standards as well as the guidelines to offer clients the most innovative and cost-effective security.
As the national leading security firm, they know what the risks are and what to anticipate. They can tailor their services to ensure that there is maximum loss prevention and everything is in legal compliance. We’ve positioned ourselves in the market as a brand name leader in cannabis security industry.
Nutrafuels (NASDAQ:NTFU). NutraFuels is a United States manufacturer that is located out of Coconut Creek in Florida. With a facility that has been inspected and it’s also been approved by the department of agriculture in Florida, they are FDA registered and they have a 3rd Party cGMP certification. All of the staff are trained and certified in the cGMP requirements.
NutraFuels are all manufactured with the highest quality standards and all of the industry protocols. Their portfolio of companies includes none other than industry CBD Leader Hemp Genix and the Skin Care Manufacturer leaders NF skin. They also include Oral Pro Nutra Spray and Nutra Pro Shot as well as many others. Nutra Fuels has led the industry in the manufacturer of CBD oral sprays and other liquid CBD products.
Marijuana Penny Stocks
Before I can tell you the advantages and disadvantages of trading futures, it's important to understand how it differs from trading stocks.
When you buy a stock, you own part of the company. That is, you share ownership with other investors. That's why we say you buy shares.
Trading futures, on the other hand, requires a contract to buy or sell the commodity in the future. That's why they are called futures.
You can buy or sell those futures contracts as easily as trading stocks. For that matter, you don't even have to lay out the money. However, you do tie up resources in the form of margin.
The problem is that the margin held is nowhere near the actual value of the commodity if you were to purchase it. This is known as the Notional Value. It's calculated as the market value multiplied by the leverage.
Okay, I just threw you two more terms that need definition:
The market value is the price that traders are willing to pay. In general, this is determined by supply and demand. The leverage is the number of units of the future index.
For example, the E-Mini SP& 500 Futures has a leverage of 50. As of this writing it's trading near a market value of 2100. Multiply that by the leverage (50) and you get $105,000. That's the Notional Value of the E-Mini S&P.
As you can see, if you buy one E-Mini S&P contract, you are controlling $105,000 in value. However, unlike stocks, you don't own it. You just have a contract to buy or sell it, depending if you went long or short.
Low Margin Required
What did you actually pay? That's known as the margin that the broker requires you to hold while that trade is active. It varies, but it's around $5,000.
If you bought a stock valued at $105,000 you'd have to pay $105,000. If you used margin, it would still require a payment of half of that. The advantage with futures is that you only tie up a small fraction.
However, the disadvantage is that you need to know what you're doing. If you let a Futures trade get away from you, you are liable for a huge investment. Remember, it's a contract.
That's why traders buy and sell Futures contracts without actually ever buying the commodity.
What's the disadvantage?
When trading futures you have to apply your due diligence in knowing the notional value of the future contract.
If you don't pay attention to the Notional Value, and a trade keeps going against you and you don't close the trade at a small loss, it can get out of hand.
You could end up losing a lot of money in a short time. If you reach the limits of your margin, your broker will close the trade if you don't. That means you've been taken out of the market and you may not have the resources to get back in. Game over!
For this reason, you need to stay small. Don't add to bad trades hoping to lower your cost bases. Rather, just admit that you were wrong and you'll be around to play another day when an opportunity arises.
There are many, and these are the reasons why I love futures over stocks. The rest of this article will briefly list the advantages with trading futures.
Trading Long and Short
Going short with Futures is just as easy as going long. It's just a matter of deciding in which direction you think the market is headed.
No Day Trading Limits
There is no day trading limit with Futures. Stocks can only be traded three times in a day before the IRS considers you a day trader. Futures can be bought and sold any number of times in a day, allowing one to take quick profits and benefit from intraday swings.
No Wash Sales Penalties
The IRS does not penalize you for taking a loss and reentering the same trade within 30 days. When this is done with stocks it is considered a wash sale and you lose the benefit of deducting the loss unless you can carry it forward to a future gain on the same stock.
The reason why it's not penalized for Futures is because Futures pricing are recorded as Marked to Market. I won't get into that here. You can always do a Google search for the term if interested.
Trading 24 hours
Futures trade nearly around the clock, except on weekends and short periods in between for exchange record keeping.
European Style Trading
Stock Options follow the American Style that can be exercised anytime. When trading stock options, one needs to be careful to avoid being exercised if the option is in the money.
Most Futures Options trade European Style, which can't be exercised before expiration. There are some exceptions, especially with weeklies. That's beyond the scope of this article though.
Futures and Options on Futures are treated according to IRS Section 1256. That provides a tax advantage since 60% of all gains are considered Long Term. This is true even if held for just a few seconds.
Cannabis Penny Stocks 2017
You will always be wondering if you should have bought this stock, if you should have sold that stock or if you should hold on to a stock. As time goes on your gut will give you more and more, but the stock exchange is a wondering game, so don't let that wondering stop you from getting involved now.
Making money on the stock market requires experience, practice, patience, education and skills. It's best that you start with some basic research. That basic research will give you more knowledge and as time goes by you will find yourself learning more and more. You need to learn the basics to get to that point.
Being a beginner is much easy today than it ever has been. Now being a beginner is much easy because of the Internet you can now start by entering the stock market online. To get you started we have compiled a list of things to do for online stock market trading, for beginners.
* If you are a beginner, online stock trading can be scarey. The very first thing you need to do is read this list and go through our advice, you will then feel comfortable to build on our advice and make your own way.
* The second point in our guide for online stock trading for bginners is to find out about your markets. Learn about stock trading, forex trading, what kind of markets are available at the moment. You can do this by signing up to free newsletters and looking about websites. You might also want to get familiar with local and not so local business newspapers. You don't have to purchase them, you can generally find out about these newspapers online and read them on their websites.
* Online stock trading can be worrying for a beginner who has done all the reading and in most cases it would be benifical for you to make contact with a few online traders. Online traders will generally charge you less in commissions because they don't have to spend many man hours with you. You need make sure your trader will offer you up to date information and perhaps send you notification when your stocks go up, down, should be sold or have been sold.