Better Know a Marijuana Stock: Medical Marijuana, Inc.

Better Know a Marijuana Stock: Medical Marijuana, Inc.

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The marijuana industry is growing like a weed, and marijuana stock investors can’t help but take notice. According to a recent report from Marijuana Business Daily entitled "Marijuana Business Factbook 2017," U.S. legal marijuana sales are expected to grow by 30% to a range of $5.1 billion to $6.1 billion in 2017. By 2021, legal recreational and medical cannabis sales are forecast to top $17 billion, representing approximately 300% growth between 2016 and 2021. And this could be just the tip of the iceberg. Cannabis research firm ArcView estimates that $46.4 billion in sales last year were conducted on the black market, meaning there’s ample opportunity for businesses to continually sway consumers to legal channels in the years to come. Of course, choosing a marijuana stock to invest in could be difficult given that there are dozens of them. Emotions surrounding the marijuana industry are running high, and worst of all, investors could be blindly buying into marijuana stocks without fully understanding the risks of the industry. With this in mind, we’re taking the time to analyze a pot stock each week until we’ve covered all of the major players with a market cap in excess of $200 million. Here are the marijuana stocks we’ve discussed so far: While GW Pharmaceuticals currently holds the title of being the largest pot stock by a mile, Medical Marijuana, Inc. holds the distinction of being the first publicly listed marijuana stock. Unlike most marijuana stocks that tend to focus on developing a handful of products or a small portfolio of cannabinoid-based drugs, Medical Marijuana, Inc. is a holding company that’s invested in more than a half-dozen cannabidiol (CBD)-product companies for the pharmaceutical, nutraceutical, cosmeceutical, or industrial hemp industries. HempMeds, which offers marketing and sales of CBD-based products in the U.S.; HempMeds Mexico; […]

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