The Three Best Marijuana Penny Stocks to Buy te 2018
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A majority of Americans now favor legalizing marijuana, with 29 states already legalizing medicinal marijuana, making marihuana one of the most titillating fresh industries to invest ter.
Now, marijuana is still illegal at the federal level, which makes investing ter marihuana stocks riskier than other industries.
But make no mistake: Despite U.S. Attorney General Jeff Sessions’ attempts to re-criminalize marijuana users and businesses, the marijuana market proceeds growing spil legalization spreads to more states.
Spil of Jan. 1, 2018, the state with the largest population, California, officially legalized recreational marijuana across the state. Other states like Massachusetts, Maine, and Nevada have also recently legalized marihuana. They join states like Colorado, which legalized recreational pot back ter 2012.
Presently, 29 states have at least decriminalized or legalized marijuana ter some form, and that number is likely to increase overheen the coming months.
Still, until federal laws switch, larger and more established companies will not be willing to come in the legal marijuana market.
That’s because thesis fatter firms trade on major exchanges regulated by the U.S. Securities and Exchange Commission (SEC). They also keep their money te banks regulated by the Federal Deposit Insurance Corp. (FDIC).
Thesis are both federal agencies that can prosecute federal crimes even if they’re legal under state law. Specifically, the SEC can delist stocks, and the FDIC can freeze assets.
That leaves the field broad open to puny, innovative companies. They often trade on over-the-counter exchanges, which have lower requirements to be listed than major exchanges like the Fresh York Stock Exchange (NYSE) or Nasdaq.
Spil a result, puny marijuana startups can take risks and grow quickly, since they’re operating virtually free of competition from larger and more capitalized companies.
For example, one of the largest marijuana-infused edible companies ter California embarked out spil four workers experimenting te a kitchen. Today, the company’s workforce has grown to 80 employees te a 30,000-square-foot production facility.
Companies like this have first-mover advantage ter a sector expected to expand rapidly.
According to BDS Analytics, revenue from legal pot ter California alone will klapper $577 million this year.
And that’s just the beginning. ICF International predicts that revenue from combined legal marijuana sales – solely ter California – will eventually klapper $20 billion annually.
Pot Stock Profits: A historic event is unfolding ter California’s marijuana markets, and the wealth expected to flow into this industry is record-breaking. Learn how to contant te here…
That would ultimately represent an increase of Three,366% for the California marijuana industry.
To get ter on the first-mover advantage, here’s the very first of our top three marijuana penny stocks to buy te 2018…