It is no secret that cannabis is one of the fastest growing industries on the market today. And investors have taken serious notice. While 2017 saw the industry take flight, 2018 is poised for an even bigger year. Like in 1most other sectors, not all marijuana stocks are created equal. As it is with any penny stock in any given industry, there is always a risk.
Having said that, there are at least three companies that deserve a serious look for those who want to get into the highly speculative world of cannabis industry penny stocks. Here are three of the top marijuana penny stocks that are currently being nabbed by shareholders:
Global Cannabis Application Corp.
Vancouver-based Global Cannabis Applications Corp. (OTCMKTS:FUAPF) is using blockchain technology to collect and analyze medical marijuana data. This is a big deal because traditional databases make it tough to keep track of botanical inventory, particularly for government agencies wanting to make sure things are on the up-and-up. Global Cannabis’ application is faster, more streamlined, and more accurate, which is good news for the potential for FUAPF stock.
Moreover, investors like Global Cannabis Application’s capability to gather more and more data, and then use its predictive analytics application to help prescribe specific cannabis strains for individual illnesses and ailments.
Cannabis Wheaton (OTCMKTS:CBWTF) is a streaming company that looks into equity and debt investments in both private and public companies throughout different industries, which also happens to include the cannabis industry. And since the company is based in Canada — where medical marijuana is legal — there is budding enthusiasm for CBWTF. More so if recreational marijuana is finally made legal in Canada.
Even if legalization does not come to pass -- and a recent delay is hurting those chances -- some with speculative money to invest with might want to consider CBWTF due to the fact that it is the world’s first cannabis streaming company.
Cannabis Science Inc.
Cannabis Science Inc. (OTCMKTS:CBIS) makes its name purely through medical marijuana. The company is devoted to working closely with local, national and international regulatory agencies to provide access to high-quality cannabinoid pharmaceuticals to patients suffering from life-threatening and debilitating conditions.
Just this week, Yahoo! Finance reported that Cannabis Science’s first two PRE-ICO, medical marijuana-based pharmacies are close to opening in Irvine, California. CBIS is also close to live-testing their social media platform, iCannabinoid, which will allow users to track personal health goals and milestones, and other items relating to personal health maintenance.