Nanalyze

A List of 57 Marijuana Stocks to Invest In – Or Not

Marijuana stocks have been on a tear lately, which may explain why our recent articles on Canopy Growth Corp (CGC) and Aphria (APH) have been some of the most popular so far this year. There’s clearly some “there” there and since we exist to serve the interests of our readers, we decided to get it all out there and put together a comprehensive list of marijuana stocks for you all to pore over. We’re going to preface this by saying just because any stock made it to this list does not mean that a) you should invest in it or b) it has anything to do with marijuana whatsoever.

This list of marijuana stocks we’ve put together is largely based on the “weed index” that Bloomberg put together last year. (Note that no respectable index provider would ever, EVER include an over-the-counter (OTC) stock in an index which is why you need to visualize some serious air quotes when we say “weed index”.) We just want to get that list out there so everyone can see all the names in one place and we can continue adding to it. We’ve already warned you against investing in marijuana stocks, and then we warned you yet again just in case you weren’t paying attention the first time. Without further ado, here is a list of all the marijuana stocks that we could find with a market cap cutoff of $5 million (all numbers expressed in USD).

A List of 57 Marijuana Stocks

Company Ticker Share Price Cap (USD) Focus Country
Cannabix Technologies CNSX:BLO 0.79 53 Breathalyzer Canada
Lifeloc Technologies OTCMKTS:LCTC 9.13 25 Breathalyzer USA
GW Pharmaceuticals NASDAQ:GWPH 134 3430 Cannabinoid Drug U.K.
Arena Pharmaceuticals NASDAQ:ARNA 1.64 406 Cannabinoid Drug USA
Axim Biotechnologies OTCMKTS:AXIM 3.7 150 Cannabinoid Drug USA
Cannabis Science OTCMKTS:CBIS 0.046 97 Cannabinoid Drug USA
Cannabics Pharmaceuticals OTCMKTS:CNBX 0.78 79 Cannabinoid Drug USA
CV Sciences OTCMKTS:CVSI 0.43 26 Cannabinoid Drug USA
Vitality Biopharma OTCMKTS: VBIO 1.43 17 Cannabinoid Drug USA
InMed Pharmaceuticals OTCMKTS:IMLFF 0.12 6 Cannabinoid Drug Canada
Medical Marijuana Inc. OTCMKTS:MJNA 0.13 460 Holding Company USA
United Cannabis OTCMKTS:CNAB 1.7 79 Holding Company USA
Terra Tech Corp OTCMKTS:TRTC 0.42 217 Infrastructure USA
Americann OTCMKTS:ACAN 1.42 23 Infrastructure USA
Surna OTCMKTS:SRNA 0.14 20 Infrastructure USA
Pineapple Express OTCMKTS:PNPL 5 268 Investor USA
PharmaCan CVE:MJN 1.08 127 Investor Canada
Mentor Capital OTCMKTS:MNTR 1.2 21 Investor USA
Bud Genius OTCMKTS:RIGH 0.0002 6 Laboratory Testing USA
Freedom Leaf Inc. OTCMKTS:FRLF 0.15 14 Media USA
Nutritional High International CNSX:EAT 0.25 36 Neutraceuticals Canada
Phytotech Medical ASX:MMJ 0.16 26 Neutraceuticals Australia
Naturally Splendid Enterprises CVE:NSP 0.38 24 Neutraceuticals Canada
Earth Science Tech OTCMKTS:ETST 0.41 17 Neutraceuticals USA
Wildflower Marijuana CNSX:SUN 17 8 Neutraceuticals Canada
22nd Century Group NYSEMKT:XXII 1.19 112 Plant Biotech USA
Canopy Growth TSE:CGC 9.99 1390 Production Canada
Aphria CVE:APH 4.67 522 Production Canada
Aurora Cannabis CVE:ACB 1.95 503 Production Canada
Mettrum Health CVE:MT 5.04 265 Production Canada
OrganiGram Holdings CVE:OGI 2.85 243 Production Canada
Surpreme Pharmaceuticals CNSX:SL 1.22 189 Production Canada
Emerald Health Therapeutics CVE:EMH 0.86 55 Production Canada
Golden Leaf Holdings CNSX:GLH 0.31 26 Production Canada
Canadian Cannabis OTCMKTS:CCAN 0.72 23 Production Canada
Vodis Pharmaceuticals CNSX:VP 0.09 5 Production Canada
Zoned Properties Inc. OTCMKTS:ZDPY 2.3 44 Property USA
Grow Condos OTCMKTS:GRWC 1.32 39 Property USA
MJ Holdings OTCMKTS:MJNE 1.31 21 Property USA
mCig Inc OTCMKTS:MCIG 0.18 78 Vaporizers USA
Namaste Technologies CNSX:N 0.23 13 Vaporizers Canada
PUF Ventures CNSX:PUF 0.21 5 Vaporizers Canada
Vape Holdings OTCMKTS:VAPE 0.01 5 Vaporizers USA
Cannagrow Holdings OTCMKTS:CGRW 1.75 178 Various Services USA
Cannabis Sativa OTCMKTS:CBDS 5.93 108 Various Services USA
American Cannabis OTCMKTS:AMMJ 1.18 77 Various Services USA
General Cannabis Corp OTCMKTS:CANN 4.26 77 Various Services USA
CannLabs OTCMKTS:CANL 0.5 34 Various Services USA
Rocky Mountain High OTCMKTS:RMHB 0.04 27 Various Services USA
GrowBlox Sciences OTCMKTS:GBLX 0.38 23 Various Services USA
American Green OTCMKTS:ERBB 0.0018 13 Various Services USA
Agritek Holdings OTCMKTS:AGTK 0.04 12 Various Services USA
Hemp Inc OTCMKTS:HEMP 0.031 10 Various Services USA
STWC Holdings OTCMKTS:STWC 0.37 10 Various Services USA
Tetra Bio-Pharma CNSX:TBP 0.15 8 Various Services Canada
Med-Cannabis Pharma OTCMKTS:MCPI 0.13 7 Various Services USA
Northsight Capital OTCMKTS:NCAP 0.17 19 Websites USA

This turned out to be quite the task. We saw companies changing their names to avoid the backlash of investors who lost their shorts investing in pipe dreams. We saw plenty of addresses in Florida and Nevada (favored places for pump and dump stocks). We saw everything from software companies to mining companies that suddenly decided their core competency was working with marijuana. We saw many companies with market caps so low that your house is probably worth more. We saw quite a few “if and when we get a license we’ll become a producer” business models. In general, we saw a lot of over-the-counter OTC trash that sophisticated institutional investors wouldn’t touch with a ten foot pole and neither should you. So, now that we’ve got our list of 55 marijuana stocks published for everyone to see, let’s make a few observations here.

  • The legitimate plays here seem to be the Canadian growers like APH and CGC that are actually growing and selling a lot of weed. That’s what this opportunity is all about.
  • The major players in the USA seem to be private companies that aren’t reflected in the above list
  • Many of the companies traded on major Canadian exchanges also have an ADR on the OTC market. Essentially this means that as a U.S. investor, you can buy shares in Canadian companies via the OTC market. Examples include PharmaCan (OTCMKTS:PRMCF), Aphria (OTCMKTS:APHQF), Canopy Growth Corp (OTCMKTS:TWMJF), Aurora Cannabis (OTCMKTS:ACBFF), Organigram Holdings (OTCMKTS:OGRMF), Mettrum Health (OTCMKTS:MQTRF), Supreme Pharmaceuticals (OTCMKTS:SPRWF), and Golden Leaf Holdings (OTCMKTS:GLDFF).
  • There is a lot of garbage out there

Now that we have our list, let’s take a look at the various types of stocks in that list.

Marijuana Stock Industry Sectors

Let’s remember that the compelling investment thesis here is that when marijuana becomes legal everywhere, it will be consumed in much the same way alcohol is. Alcohol is an industry worth upwards of $200 billion in the United States alone. That’s why there is so much interest in marijuana stocks. In the same article that Bloomberg presented their “marijuana stock index” they also attempted to dissect the “industry” into a distinct number of areas as seen below:

marijuana stock industry segments

Source: Bloomberg

In looking at this list, we find some of these categories more compelling than others. Pharma is just not that interesting to us because cannabinoids have been around for a long time. It’s hard to believe that suddenly the legality of marijuana will uncover all these magical properties of weed. Producer and consumer are the areas we’d be most interested in digging into because that is where the real money is at. Just look at CGC and APH. The other like real estate, consulting, and infrastructure are probably already covered by companies that have been doing this sort of stuff for years.

Key Takeaways for Marijuana Stock Investors

  • Remember back in the day when someone would tell you he could get good dank green buds for $50 a bag and then the guy would show up with some Mexican brick weed instead? Investing in over-the-counter (OTC) stocks is kind of like that. Invest in any of the U.S. based OTC stocks above at your own peril. Diversification will not help much either.
  • Canadian growers like CGC and APH have had great runs. If you buy shares today and you lose 50% of your investment on a pull back, you should see it as a buying opportunity. We’re investors, not speculators. When building a position you should use dollar cost averaging.
  • As we pointed out before, there is a huge investment being made in private marijuana startups by venture capitalists (VCs) like Peter Thiel. These VCs know there is strong demand for marijuana stocks from retail investors (many who are also consumers). Expect to see an IPO sooner rather than later.
  • Sign up for our newsletter. In the coming weeks we’re going to cover a cannabinoid IPO and a marijuana REIT.

If you pay more than $4.95 a trade, you're paying too much. Ally Invest is one of the lowest-fee brokers around so you spend less money on transaction fees and more on stocks. With more than 30 trades a quarter it drops even lower to $3.95 a tradeOpen an account and begin trading today.

  • How can I invest in these stocks? I have a bank account and savings account. Do I do this at my bank? thank you

    • Brian

      Open a TD Ameritrade account.

  • Nanalyze

    We use Interactive Brokers (IB) and Motif Investing. We wouldn’t recommend IB if this is the first brokerage firm you have used. If you just want to trade U.S. stocks (and no OTC), then use Motif Investing. Here’s our article on why we like them:

    https://www.nanalyze.com/2016/09/best-online-brokerage-motif-investing/

    If you want to buy stocks in the article like CGC, you need a broker that allows you to trade OTC stocks. In that case we recommend TradeKing. It’s one of the cheapest brokers around, they’re intuitive to use with good support, and you can get a isht load of free trades when you open an account using the below link:

    Trade King Free Trade Offer

    • Henrique Scarpa

      Hi! I am from Brazil and I would like to invest money on marijuana stocks. Could you recommend me a good broker?

      • Nanalyze

        Good question. You’ll have to go with a local Brazilian broker that lets you trade Canadian or U.S. stocks. We don’t know of any. Frankly, you’re better off buying some index tracker ETFs. Marijuana stocks are no easy path to riches. Most people who “invest’ in OTC companies will lose all their money.

        BTW, stay tuned as we’re working on an article about the biggest startups in Brazil!

  • Bob Chandra

    Why not also include the pros and cons of each of these companies and perhaps their future prospect in say a year’s time.

    • Nanalyze

      That’s a very good idea Bob. When are you free to help us with that? 😉

      What we plan to do is cherry pick the legitimate stocks in that list and highlight them in separate articles. As we mentioned, what we saw when we put that list together was A LOT of garbage. Follow us on Facebook or Twitter for future articles on this topic and many others:

      https://www.facebook.com/nanalyze/
      https://twitter.com/nanalyzetweets

      Thank you for the comment!

  • Orlando

    How do invest in these stocks

    • Nanalyze

      We use Interactive Brokers (IB) and Motif Investing. We wouldn’t recommend IB if this is the first brokerage firm you have used. If you just want to trade U.S. stocks (and no OTC), then use Motif Investing. Here’s our article on why we like them:

      https://www.nanalyze.com/2016/09/best-online-brokerage-motif-investing/

      If you want to buy stocks in the article like CGC, you need a broker that allows you to trade OTC stocks. In that case we recommend TradeKing. It’s one of the cheapest brokers around, they’re intuitive to use with good support, and you can get a isht load of free trades when you open an account using the below link:

      Trade King Free Trade Offer

  • os

    so this list of stocks are bogus?

    • Nanalyze

      As the article says, many are and some are not. As an example, the growers (expressing their harvests in 100s of kilos) are legitimate.

  • Ken Jones

    You should also take a look at OWCP with 8 patents for medical marajuana.

  • Any idea on day-trading? Selling and buying stock in same day? Is that legal as well on OPT F-1 Status?

    • Nanalyze

      There is nothing that prevents you from day trading except liquidity.

  • Jason

    Good info Nanalyze. Thoughts on ETST I bought in at .90 on wednesday we had a bull run to $1.60 then today tanked, I think due to a false news article that came out regarding a chapter 11. Seems people jumped ship without even doing DD. What 5 MJ stocks are on your radar right now?

    • Nanalyze

      Thank you for the comment Jason!

      We don’t have any cannabis positions at the moment. We’d like to take a closer look at the valuations for Canadian growers (possible future article). In a past article we mentioned 5 legitimate “medical marijuana” stocks as follows:

      https://www.nanalyze.com/2016/12/medical-marijuana-stocks/

      Those are plays on marijuana being used as a medicine as opposed to plays on recreational use.

      You also have to consider the opportunity cost here. Shares of Nvidia or Illumina give you exposure to much more interesting growth stories in our opinion (AI and genetics respectively). Of course we’re not recommending for investors to do anything. As you said, do your own DD!

  • I would like to buy 10 low priced pot stocks and put them away for the future growth in this rapidly expanding market. Which ten would you choose?

    • Nanalyze

      Hi Lee,

      Here’s what our thoughts are on that.

      https://www.nanalyze.com/2017/01/how-to-buy-marijuana-stocks/

      We wouldn’t touch any OTC stocks in this list of 57 unless they are the Canadian growers or the medical marijuana stocks perhaps. Do not forget about stocks like PG, MMM, JNJ, etc. which have been making people rich for decades.

  • Donald Pendergast

    I agree these are high-risk stocks; my open gains of $1,900 were nearly wiped out in two trading sessions after the White House press secretary made those remarks about the potential for recreational weed enforcement three weeks ago … also the entire US stock market is long overdue for a 1-2 year bear market and these OTC stocks will be slaughtered once the bear market finally kicks in sometime in 2017-2018. My advice to new investors is to simply dollar-cost average into S&P 500 dividend mutual funds (not etf’s or individual stocks) so you won’t need to rely on any market timing, investment advisors/newsletters, frequent trading, futures, forex, binary options or subscriptions to worthless trading magazines. Trust me, trading is NOT the path to riches, but slow, disciplined dollar-cost averaging into dividend-paying mutual funds are. Remember to reinvest your dividends to get the compounding working for you! God bless you all.

    • Nanalyze

      You sir, are a damn genius. That is exactly the sort of message we have been telling all the people who write us about “wanting to invest in marijuana stocks”. The single best thing about “marijuana stocks” is that we can educate the masses about what it takes to accumulate wealth. It’s boring, it’s not sexy, and there is nothing fun about it at all. You won’t be complaining about that though when you’re wealthy from dollar-cost averaging into a diversified portfolio. We’re big fans of DGI!

  • Jacques Matthys

    Hi there,
    Here Jacques from Belgium. As I’m very interested in the US/Canadian stock market, please may I receive your publications?
    Thanks in advance, and best regards,
    J.Matthys

    • Nanalyze

      Thank you for the comment Jacques. We signed you up for our newsletter. Please check your inbox and confirm!

  • Liam

    Hi there, I am A south African working in the yachting industry. I hold South African citizenship only so far, I really want to invest in Marijuana stocks in the US or Canada and have a some funds in South Africa that I would like to use to start my investment, How and where should I start for the best investment? Thank you!

    • Nanalyze

      Check out Interactive Brokers and see if they allow accounts from SA!

  • Alyashaba

    Hi Nanalyze,

    Great site!!!

    I’m inew to all this, have never invested before and although I am primarily interested in Medical Marijuana investing, from a brief reading here, I understand the best way to go is with a diversified portfolio (please correct me, if I err).

    I am interested in any mailings you have to get started.

Subscribe to the Nanalyze Weekly Digest

Subscribe to our Nanalyze Weekly Digest to receive a summary of all articles every week.

We’ll never use your email for anything other than sending you great articles about investing in disruptive technologies.

  • This field is for validation purposes and should be left unchanged.

23K Shares
Tweet5
Share9
Share23K
Reddit
+117
Buffer9