Marijuana stocks have been skyrocketing lately, some gaining 50%+ daily which now almost seems like the norm. A few of these marijuana penny stocks have already achieved eye-popping gains of over 1,000% in the weeks leading up to historic recreational pot legislation in California, Nevada, Florida and Massachusetts. All of these initiatives passed and now increases access to legal weed to nearly 25% of all Americans. That is a huge increase from current levels and presents just as large of an opportunity for savvy investors.
Colorado has passed the test as the nation’s first legalized cannabis market and successfully collected $135 million in marijuana taxes and fees in 2015 — more than $35 million of which is earmarked for school construction projects. Without any of the apocolyptic deteriorations to a post-legal weed society projected by fear-mongers and marijuana opponents. Colorado has also led the nation in real estate price appreciation for both residential and commercial properties – sales and leasing. The California market is much larger than Colorado and has now cleared the way for a $1 billion increase in local revenues since voters have approved Proposition 64. According to recent estimates, the global weed industry could become a $75 billion dollar industry by 2020.
California is a true game changer in marijuana legalization and in itself is the world’s 6th largest economy. California will quickly become the new headquarters of the legal marijuana industry in America. With a robust medicinal market already in place, the ramp-up to fully legal recreational pot will be quickly seized upon by very well funded ganja-preneurs who have been closely observing and learning from the growing pains experienced by their pioneering comrads in Colorado.
So how can the average investor profit from this historic shift in marijuana legalization? Passive investment is primarily limited to high risk, very volatile over-the-counter penny stocks which now number in the hundreds. The MJ Index http://www.allmarijuanastocks.com/MJ-Index/ consists of 20 U.S. based marijuana stocks that range in market capitalization levels from tiny microcap’s like Notis Global (NGBL) and small caps like Vape Holdings (VAPE) to more established mid cap players like Surna (SRNA) and large cap names like Kush Bottles (KSHB).
The full MJ Index 20 is viewable at http://www.allmarijuanastocks.com/MJ-Index/
A free website for actively traded marijuana stocks can be found at http://www.allmarijuanastocks.com which ranks them using a 1 to 5 star rating system based on their 3 year stock price highs compared to their current stock price. The greater the potential gain (by returning to or surpassing 3 year highs from current price levels) is reflected in a higher star rating (1-5 stars). Very helpful for quickly identifying some of the most depressed marijuana stocks with the potential to become the superstar performers of the upcoming California marijuana legalization media coverage and subsequent buying frenzy in pot stocks.
Company Name: Allmarijuanastocks
Phone: (415) 554-0171
Country: United States