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Best Marijuana Penny Stocks Right Now

As marijuana becomes legalized in more places throughout the world, these companies are in the position to grow.

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Medical Marijuana (OTC: MJNA)

Medical Marijuana is a cannabis producer that is dedicated to make hemp a part of your everyday health. It owns and operates several brands including Real Scientific Hemp Oil, Dixie Botanicals, Cannabis Beauty, Revive, Kannactiv, Canchew, Hemp Vap and Kannakick.

The marijuana stock has a market cap of $12 million. Medical Marijuana has high liquidity and trades over 3 million shares per day.

0.01 0 (0%)
Volume 12.79M Market Cap 0.00K
0.0133 - 0.0139
0.0111 - 0.0355
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Aphria (NASDAQ: APHA)

Aphria is a pharmaceutical company that researches, produces and distributes marijuana. While Aphria focuses primarily on medical marijuana distribution, it operates several brands that focus on the recreational segment. Headquartered in Leamington, Canada, it is one of the largest marijuana companies in the country.

Over the past several years, the company has invested heavily in production facilities and innovation. Since 2018, it has entered the Latin American and German markets through acquisitions of LATAM holdings and CC Pharma. The company reported an EPS of $-0.05 for 2019. It’s most recent EPS came in at $0.30.

4.50 0.01 (0.22%)
Volume 4.09M Market Cap 1.20B
4.31 - 4.5
1.95 - 6.44
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GreenGro Technologies (OTC: GRNH)

GreenGro Technologies produces cannabis for commercial and consumer markets. The company also provides design, construction and maintenance services to large cannabis cultivation facilities in the medical and recreational marijuana sectors.

The pot stock has a market cap of $369,000. GreenGro Tech has high liquidity with an average daily trade volume of 2 million shares.

0.002 -0.0004 (-15.38%)
Volume 5.06M Market Cap 1.29M
0.0022 - 0.0026
0.0019 - 0.0072
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Cronos Group (NASDAQ: CRON)

Cronos produces and distributes marijuana across 5 continents. The company operates recreational marijuana brands such as COVE and Spinach. They also operate CBD brands such as Lord Jones and PEACE+. Cronos Group is based in Toronto, Canada.

The company’s business model emphasizes research and product innovation. The company reported an EPS of $3.33 for 2019. It’s most recent EPS came in at $2.71.

5.29 -0.28 (-5.03%)
Volume 3.44M Market Cap 1.85B
5.17 - 5.53
4 - 9
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Canopy Gwth (NYSE: CGC)

Canopy Growth produces, researches and sells marijuana for both medical and recreational purposes. The company, based in Smith Falls, Canada, has operations that reach across North America, South America, the Caribbean, Australia and the EU.

The company focuses heavily on producing innovative marijuana products including beverages, chocolates, vapes and oils. Canopy Growth reported EPS of $-1.96 for 2019. It’s most recent EPS came in at $-1.79.

18.78 0.01 (0.05%)
Volume 4.49M Market Cap 6.95B
18.18 - 18.82
9 - 25.97
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Biggest Marijuana Penny Stock Movers of the Day

One strategy for finding a promising stock is by periodically checking the premarket movers of the day. This will give you a sense of which companies outperform others.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket Marijuana Penny Stocks
Symbol Last Price Change % Change Trade
AIRI 1.3101 0.29 28.44% Trade
SDPI 0.49 0.064 15.05% Trade
IFMK 0.92 0.07 8.23% Trade
TH 0.8993 0.06 7.18% Trade
URG 0.4499 0.023 5.46% Trade
TELL 0.953 0.049 5.43% Trade
XBIO 0.88 0.045 5.43% Trade
CDEV 0.6118 0.029 5.01% Trade
DNN 0.3377 0.015 4.48% Trade
PXS 0.895 0.035 4.06% Trade
Symbol Last Price Change % Change Trade
NTEC 2.28 -0.796 -25.88% Trade
RIVr 0.0051 -0.001 -17.75% Trade
RAVE 0.72 -0.15 -17.25% Trade
HEXO 0.6065 -0.115 -15.97% Trade
ITP 0.7361 -0.108 -12.78% Trade
PSHG 0.4303 -0.06 -12.19% Trade
MSN 0.7702 -0.095 -10.96% Trade
VIVE 0.4579 -0.054 -10.54% Trade
ICON 0.6575 -0.072 -9.92% Trade
HUSN 2.14 -0.23 -9.71% Trade
Market Marijuana Penny Stocks
Symbol Last Price Change % Change Trade
NTEC 2.97 2.816 1831.07% Trade
SDPI 0.575 0.149 35% Trade
AIRI 1.37 0.35 34.31% Trade
AUMN 0.444 0.029 6.96% Trade
SYN 0.3185 0.017 5.63% Trade
SGRP 0.799 0.04 5.27% Trade
UAMY 0.42 0.02 4.99% Trade
TGA 0.4 0.017 4.3% Trade
TEUM 0.7 0.027 4.02% Trade
ISR 0.43 0.016 3.78% Trade
Symbol Last Price Change % Change Trade
HEXO 0.588 -0.134 -18.53% Trade
PSHG 0.42 -0.07 -14.29% Trade
ITP 0.77 -0.074 -8.76% Trade
HJLI 0.32 -0.03 -8.52% Trade
RAVE 0.8002 -0.07 -8.03% Trade
TGC 0.86 -0.069 -7.45% Trade
FET 0.452 -0.029 -6.09% Trade
CTRM 0.1236 -0.008 -5.87% Trade
HNRG 0.75 -0.045 -5.67% Trade
TELL 0.8543 -0.05 -5.49% Trade
After Hours Marijuana Penny Stocks
Symbol Last Price Change % Change Trade
XPL 0.45 0.03 7.14% Trade
TTNP 0.15 0.01 6.91% Trade
EXPR 0.65 0.038 6.24% Trade
GEN 0.4499 0.026 6.08% Trade
OBLN 1.05 0.06 6.06% Trade
JAGX 0.21 0.011 5.58% Trade
OEG 0.771 0.04 5.47% Trade
XBIO 0.9073 0.043 5.01% Trade
CRBP 0.9825 0.043 4.55% Trade
ICON 0.69 0.029 4.35% Trade
Symbol Last Price Change % Change Trade
CDEV 0.5801 -0.04 -6.4% Trade
RETO 0.71 -0.048 -6.34% Trade
TELL 0.9 -0.06 -6.25% Trade
RAVE 0.68 -0.04 -5.51% Trade
SDPI 0.46 -0.025 -5.1% Trade
CSCW 0.513 -0.026 -4.81% Trade
CEI 0.7 -0.033 -4.49% Trade
IZEA 0.6901 -0.03 -4.12% Trade
YGYI 0.561 -0.023 -3.96% Trade
RIBT 0.49 -0.02 -3.93% Trade

If you’ve ever bought a lottery ticket or asked someone out on a date, you’ve taken a risk. Many risks are worth taking because the payoffs can be huge. Penny stocks are one of the riskier assets you can invest in. There’s a chance the rewards can be great, but there’s also the chance that you’ll lose the money you put in. 

About 30 years ago, it was unimaginable for anyone to invest in a marijuana company. Now, marijuana stocks trade on some of the world’s major exchanges worldwide. The rising interest in marijuana stocks has also created an interest in marijuana penny stocks. 

Marijuana penny stocks trade for a few dollars and even less than $1 in some cases. These equities are cheap to buy into and show great potential for growth. Sure, they can be a bit risky, but everything worthwhile requires some amount of risk. It’s how you diversify the risk within your portfolio that matters most. 

Take a look at how Marijuana penny stocks can bring value to your investment portfolio.

Overview: Marijuana Penny Stocks

Marijuana stocks are companies that produce and distribute marijuana products. Marijuana, also known as the cannabis plant, contains 2 main compounds: cannabidiol (CBD) and delta-9 tetrahydrocannabinol (THC). THC is psychoactive, meaning it impacts the mind. THC is the ingredient that gives marijuana users a sense of high or euphoria. 

CBD does not affect someone’s mind and has been found to be therapeutic. People report feeling more relaxed and suffering less pain with CBD.

Most marijuana products contain either THC, CBD or both. Both THC and CBD can be consumed as food, drinks, oils and smoking. Hemp, a variation of the cannabis plant, can be used to create a variety of things including rope, textiles, paper and even biofuel.

Before 1996, marijuana use of any kind was illegal across all 50 states. Since then, marijuana laws have become more lenient. First allowing for medical use, and now increasingly for recreational use. 

At this time, most states have made CBD or low THC programs legal. However, marijuana remains completely illegal in Idaho, Wyoming, Wisconsin, Tennessee, South Dakota, Alabama, South Carolina and Kansas. 

The marijuana market is also growing outside the U.S. Although marijuana is still banned in most countries around the world, it is becoming more tolerated across some major economies. 

Medical marijuana has been legal in Italy since 2013. Germany recently legalized marijuana for medical use in 2017. And in late 2018, Canada legalized the drug for recreational use. The success of marijuana companies is dependent on how widespread legalization will be throughout the globe. 

Marijuana penny stocks offer the potential for high-growth, which is what attracts most investors. But these are some of the riskier assets you can have in your portfolio. As long as you do your due diligence and balance the risk throughout your portfolio, you should be well-positioned to see the benefits of these stocks. 

Best Online Brokers for Marijuana Penny Stock

Marijuana penny stocks are somewhat of a niche investment category. It can be time-consuming to find relevant information about these stocks. Choosing the right broker can help. Take a look at some of Benzinga’s favorites.

Commissions
$0
Account Minimum
$0
Get started securely through Webull’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in options, mutual funds, bonds or OTC stocks
Commissions
$0
Account Minimum
$0
Get started securely through TradeStation’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

Features to Look for in Marijuana Penny Stock

Management: The success of marijuana stocks depends on high levels of growth. One of the best predictors of strong growth is a management team with a competitive business strategy. Management that aims to diversify products and expand operations into international markets will be better positioned. Partnerships and acquisitions are another way to drive growth. Look out for companies that are making strategic moves to cement themselves in the market. 

Cost per gram: Companies that are able to reduce their production costs have a distinct advantage. Marijuana companies face heavy competition from black market dealers that are able to keep prices low. Be on the lookout for companies with low costs per gram. And especially ones whose costs per gram are decreasing over time. This will give you a good idea of who is likely to enjoy price advantages in the coming years. 

Earnings per share: By looking at a company’s earnings per share (EPS), you can get an idea of that company’s profitability. This is calculated by subtracting preferred dividends from net income and then dividing the difference by outstanding stockholder shares. Keep in mind that you may see a negative EPS for some marijuana companies. Don’t let this put you off. 

Many companies in the industry aren’t profitable yet. Take a look at how the company is spending money. If funds are going toward investing and expanding operations, it may be a signal of future profitability. 

How to Diversify Your Portfolio with Marijuana Penny Stocks

Marijuana stocks offer enormous potential for growth. But they are not without their share of risk. Marijuana companies face heavy competition and low prices from black-market sellers. Their business models completely depend on the political landscape. If governments decide to roll back on legalizing marijuana or enforce heavy taxes on products, growth will slow. 

Consider mitigating risk by diversifying your portfolio. You can do this by holding onto safer assets — like bonds, consumer staples stocks or REITs. In all, marijuana penny stocks can be a valuable contribution to your investments. 

Want to learn about other bargain investing options? Take a look at Benzinga’s selection for stocks under $5, stocks under $10 and stocks under $20.

For more information about about penny stocks and penny stock trading, visit the U.S. Securities and Exchange Commission at www.sec.gov.

Spanish version, “Cómo Invertir en Acciones de Cannabis” on ElPlanteo.com.

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