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5 Best Marijuana Stocks Of 2016

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5 Best Marijuana Stocks Of 2016
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Marijuana scored huge victories in eight out of nine states on Election Day. California, Nevada, Massachusetts, Maine, Florida, North Dakota, Arkansas and Montana all legalized medial and/or recreational marijuana use.

Although marijuana remains illegal in the United States on a federal level, the marijuana legalization movement is clearly gaining momentum. Unfortunately, the federal ban makes marijuana investing risky and treacherous business for U.S. investors.

The Top 5

This year, however, marijuana stocks have been on fire. Of all the stocks in the The Marijuana Index’s comprehensive list of North American marijuana-related stocks, these five names have been the best performers of the year:

1. APHIRA INC NPV (OTC: APHQF) +460.3 percent.

    Aphira is a Canadian company that produces and sells medical marijuana.

2. AURORA CANNABIS IN COM NPV (OTC: ACBFF) +518.0 percent.

    Aurora is another leading Canadian medical marijuana producer and distributor.

3. General Cannabis Corp (OTC: CANN) +669.1 percent.

    General Cannabis company is an American company headquartered in Colorado that acquires and leases cultivation space and other facilities to licensed marijuana growers.

4. Cannabis Sativa Inc (OTC: CBDS) +762.9 percent.

    Cannabis Sativa is a U.S. company dedicated to developing natural cannabis products such as formulas, edibles, topical, strains, recipes and delivery systems.

5. THC BIOMED INTL LT COM NPV (OTC: THCBF) +1,370 percent.

THC Biomed is the only 2016 10-bagger in the marijuana space. The Canadian company is a licensed marijuana producer and also performs marijuana-related research and development.

Stay up-to-date on the latest in marijuana stocks with the 420 Investor.

Posted-In: cannabis marijuana potEducation Topics Top Stories Trading Ideas General Best of Benzinga

 

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