Analyzing Some Exciting But Unknown Marijuana Stocks

May 15, 2019 2:31 PM ETACB, RFMCF, CBIS, CGC, CRON, CURLF, EDXC, HEMP, MJARF, MJNA, NWKRF, TCNNF, TLRY, CRON:CA, WEED:CA, TLRY:CA, ACB:CA27 Comments
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Summary

  • The growth of the marijuana industry looks likely to continue.
  • There are numerous lesser-known OTCBB and Pink Sheet-traded marijuana-related stocks that investors have largely ignored.
  • These stocks - while representing large risk - are worth investigating for their upside potential.

The marijuana sector of the stock market has been a wild one. I first became interested in this segment in 2013, when in the midst of a growing optimism in the future of the legalised marijuana industry, we saw a huge bull run in every listed marijuana-related stock (see 5 Marijuana Stocks Going Crazy and Marijuana Stocks: The Madness Is Back). Since then, the progression of the legal marijuana industry has only continued: ten states in the US now allow adults to consume cannabis, with nine approving the retail sale of the drug, and the rather common sense viewpoint that many existing laws and punishments regarding the recreational use of marijuana were unjustly-harsh has continued to grow sympathy. In this new climate, I believe it is more or less inevitable that the trend of more states continuing to legalise marijuana will continue, and with it, the demand for marijuana-related products. That view is clearly well-received. One report from Arcview Market Research even estimates a projected growth in legal cannabis spending of 38% to $16.9 billion in 2019, going on to reach $31.3 billion in 2022.

Many are already familiar with the main marijuana-related stocks that aim to capitalise on this potentially massive industry and are traded on major stock exchanges including Canopy Growth Corp. (CGC), Aurora Cannabis (ACB), Tilray (TLRY), Aphria (APHA), and Cronos Group (CRON). There are also a number of marijuana-related stocks that have a long history of trading on the lesser OTCBB or Pink Sheet exchanges such as Medical Marijuana (OTCPK:MJNA), Hemp Inc. (OTCPK:HEMP), and Cannabis Science (OTCPK:CBIS). As those are (or at least were) reasonably well-known and covered by many analysts, I will not go over them here. Rather, I am interested in the many marijuana-related

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I write about many different companies and especially news that has resulted in various low cap stocks jumping up in price significantly. It's my pleasure to be an author at SeekingAlpha and share my analysis.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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