Marijuana penny stocks are already some of the hottest buys on the market right now.
According to Bloomberg, marijuana stocks have outperformed gold, Bitcoin, and the broader market as a whole during 2018.
But pot penny stocks have even more growth potential as we are only in the early stages of the cannabis revolution.
You see, marijuana penny stocks allow us to chase triple-digit returns in the cannabis industry with very little up-front investment.
Now, that doesn’t mean investing in marijuana penny stocks doesn’t come without risks. Penny stock investors should never risk funds they can’t afford to lose.
However, one of these marijuana penny stocks is on the verge of surging more than 300%, which is why you need to see this list right now…
Marijuana Penny Stock to Watch, No. 5: Easton Pharmaceuticals Inc.
Easton Pharmaceuticals Inc. (OTCMKTS: EAPH) is an industrial pharmaceutical firm known for manufacturing the anti-aging wrinkle cream Skin Renou HA and the motion-sickness gel Nauseasol.
With the explosive rise of cannabis based cosmetics, Easton is moving into the marijuana industry.
You see, Easton recently concluded a $1.3 million deal with the Alliance Group, a Canada-based company that specializes in marijuana cultivation.
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Thanks to this deal, Easton has established a 45-acre stake in a parcel of land set aside for marijuana cultivation and production. Until the stake becomes profitable, Alliance will provide Easton with 50% of its revenue.
Not only will this secure Easton’s bottom line – it will allow Easton to take full advantage of the significant demand for cannabis-based products when Canada fully legalizes marijuana on Oct. 17.
Over the last 52 weeks, Easton’s stock price has traded between $0.01 and $0.03 per share. Currently, the EAPH stock price trades at $0.01 per share.
However, the company’s recent partnership with Alliance and imminent legalization in Canada is likely to send the company’s shares soaring over the next year.
Marijuana Penny Stock to Watch, No. 4: GreenGro Technologies Inc.
GreenGro Technologies Inc. (OTCMKTS: GRNH) is a cultivation system supplier for the burgeoning marijuana industry.
Earlier this month, GreenGro announced that it’s moving directly into the development of cannabis-based products.
According to a press release, GreenGro will release a full line of CBD products that will be distributed to doctor’s offices, medical facilities, and specialty retailers.
CBD is a cannabis compound that offers the medical benefits of cannabis without making its users intoxicated
Last year, sales in the CBD industry totaled $358 million. In five years, they’re estimated to rise an astonishing 402% to $1.8 billion.
Investing in GreenGro now gets investors in on the bottom floor of this industry and the profit potential that comes with it.
But those returns aren’t even close to our next marijuana penny stock to watch…
Marijuana Penny Stock to Watch, No. 3: MCig Inc.
MCig Inc. (OTCMKTS: MCIG) is a Las Vegas–based full-service marijuana company. It specializes in marijuana consulting, construction services, supplies, CBD products, and vaporizers.
In an effort to diversify its revenue, mCig is developing an online ad network for cannabis brands.
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Last October, mCig announced the launch of eHESIVE, a new online cannabis ad network offering advertisers and publishers a venue to directly appeal to marijuana users.
You see, legal marijuana companies aren’t permitted to advertise on Google or Facebook.
And since Facebook boasts more than 2 billion monthly active users and more than 77% of worldwide Internet searches are made on Google, this leaves cannabis companies unable to reach new customers on social media platforms.
The eHESIVE platform will allow marijuana companies to place ads on its network to reach new clients. And the company is very optimistic on the platform’s profit potential.
A 2017 MarijuanaStocks.com report says mCig is developing its market share “early in the game.” This is setting up mCig for substation advertising and valuation potential.
Over the past 52 weeks, mCig has traded between $0.14 and $0.39 a share. Shares are currently trading at $0.33.
As the eHESIVE network and its reach grow, the company’s share price could surge over the next 12 months.
This is great news for mCig, but our two top marijuana penny stocks are expected to generate even higher returns.
In fact, our top marijuana penny stock could generate over 360%…
Top Marijuana Stocks Under $5 to Watch, No. 2: GB Sciences Inc.
GB Sciences Inc. (OTCPK: GBLX) is a Las Vegas–based company that focuses on selling equipment used for growing marijuana indoors. It also has plans to produce marijuana-based drugs.
In February, GBLX received a license to begin full production of its CBD in its Las Vegas facility.
It also signed an agreement with the Colorado Hemp Project to begin contract farming of new strains which will provide key ingredients for proprietary CBD formulations.
In March, the company announced that it would be sponsoring an upcoming symposium called “Innovation in Medical Cannabis Therapies.” Shares of GBLX currently trade for $0.52.
But GB Sciences isn’t the top pot stock on our list. This company has even greater potential…
It’s a pure “pick and shovel” play – a firm that serves the pot industry without having a direct hand in growing marijuana or operating dispensaries…
Top Marijuana Penny Stocks to Watch Now, No. 1: 22nd Century Group Inc.
22nd Century Group Inc. (NYSE: XXII) is a New York–based plant-biotech firm that uses advanced-engineering technology to regulate the levels of nicotine in plants.
XXII is currently growing tobacco with up to 97% less nicotine content than its natural counterparts. As a result, a smoker looking to reduce their risk of addition now has a viable alternative.
This breakthrough will allow XXII to join a growing industry of tobacco alternatives that generated $2.9 billion in revenue last year.
22nd Century is also using this advanced technology in the legal cannabis market. 22nd Century is using its technology to help hemp farmers meet federal requirements for THC content. According to U.S. law, Hemp crops with THC levels above 0.3% must be destroyed.
Grand View Research Inc. reports that the global hemp market is expected to be worth $10.6 billion by 2025 – a massive growth that XXII will able to cash in on.
XXII is currently trading at $2.48. The 12-month price target issued by global investment bank Chardan is $11.50 per share – a potential gain of 363% in just one year.
That’s a tremendous gain.
But it’s nothing compared this marijuana opportunity…
WATCH NOW: Critical Briefing on the New Marijuana Millionaires Law
A critical update to cannabis legislation is going into effect in a matter of days.
When it does, it will open the door for tens of billions of dollars to pour into the sector…
… and folks who take the opportunity seriously could easily become the next generation of this nation’s millionaires.
That’s why Money Morning‘s executive publisher is inviting you to view an urgent briefing right now to get all the critical details.
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