Marijuana is currently legalised in several states nationwide, and with it comes a plethora of marijuana stocks. Now nearly 200 Us Based Marijuana Companies Publicly Traded develop marijuana operations or provide other services for those who want to get involved in the industry on the stock market. Below we list some of our favourite marijuana stocks that can make you a fortune.
With legalisation, these companies can expand their brands and sales into a wide range of trade industries while increasing their profits due to increased demand and recreational legalisation.
1. MassRoots Inc. (MSRT) – Market Cap $36.73M, Current Stock Price – $0.08
MassRoots, Inc. is Us Based Marijuana Companies Publicly Traded information technology, social media and cannabis industry consulting company founded in 2013 and based in Denver, Colorado. MSRT specialises in mobile applications for medical marijuana patients, such as their proprietary social network platform for the marijuana community to explore various topics and interests with other like-minded people who have similar experiences and interests relating to medical marijuana. The company’s current revenue of $1 million annually derives from brand advertising, paid referrals to dispensaries and other services they offer. The company has had some negotiations with third-party licensees for the development and distribution of its mobile applications for other marijuana-related products.
2. MassRoots, Inc. (MSRT) – Market Cap $36.73M, Current Stock Price – $0.08
MassRoots, Inc. is an information technology, social media and cannabis industry consulting company founded in 2013 and based in Denver, Colorado. MSRT specialises in mobile applications for medical marijuana patients, such as their proprietary social network platform for the marijuana community to explore various topics and interests with other like-minded people who have similar experiences and interests relating to medical marijuana. The company’s current revenue of $1 million annually derives from brand advertising, paid referrals to dispensaries and other services they offer. The company has had some negotiations with third-party licensees for the development and distribution of its mobile applications for other marijuana-related products.
3. Medical Marijuana, Inc. (MJNA) – Market Cap $454.32M, Current Stock Price – $4.66
Medical Marijuana, Inc., is an Us Based Marijuana Companies Publicly Traded founded in 2009 and based in Scottsdale, Arizona. Through its subsidiaries, it engages in the provision of software solutions for the marijuana industry and in genetics research and development of cannabis strains to be used by licensed medical marijuana physicians. The company sells its products to various third-party dispensaries and cultivators, distributors, and other businesses involved in the marijuana trade, through its two brands – GrowOp Technology and iCanPharm. It derives revenue from licensing fees, product sales, and consulting services. The company was listed to be a medical marijuana player of the year by Marijuana Business Daily.
4. Green Thumb Industries (GTBI) – Market Cap $270.39M, Current Stock Price – $2.13
Green Thumb Industries Inc. is an Us Based Marijuana Companies Publicly Traded and founded in 2008 and based in Berkeley Springs, West Virginia. It is the U.S.’s largest national, publicly traded cannabis company with five business segments: retail, real estate, mining, pharmaceutical and media. It has retail stores in Colorado and nine states across the U.S. They specialise in hydroponic grow operations for licensed dispensaries and cultivators nationwide. The company has a revenue of $10 million annually derived from product sales and consulting and leasing services.
5. Insys Therapeutics Inc.(INSY) – Market Cap $1,591.45M, Current Stock Price – $8.50
Insys Therapeutics Inc. is an Us Based Marijuana Companies Publicly Traded founded in 2007 and based in Phoenix, Arizona. It is a specialty pharmaceutical company that develops and commercialises products used to treat cancer patients and post-traumatic stress disorder (PTSD) patients. Insys Therapeutics invests revenue by acquiring established pharmaceutical companies researching novel compounds for treating cancer and other diseases. The company offers two different products – an opioid pain medication known as Subsys as well as an aerosolised oxycodone product known as Spravato. It has current revenue of $400 million per year derived from product sales.
6. Medical Marijuana, Inc. (MJNA) – Market Cap $454.32M, Current Stock Price – $4.66
Medical Marijuana, Inc., is an Us Based Marijuana Companies Publicly Traded founded in 2009 and based in Scottsdale, Arizona. Through its subsidiaries, it engages in the provision of software solutions for the marijuana industry and in genetics research and development of cannabis strains to be used by licensed medical marijuana physicians. The company sells its products to various third-party dispensaries and cultivators, distributors, and other businesses involved in the marijuana trade, through its two brands – GrowOp Technology and iCanPharm. It derives revenue from licensing fees, product sales, and consulting services. The company was listed to be a medical marijuana player of the year by Marijuana Business Daily.
7. Green Thumb Industries (GTBI) – Market Cap $270.39M, Current Stock Price – $2.13
Green Thumb Industries Inc. is an Us Based Marijuana Companies Publicly Traded and founded in 2008 and based in Berkeley Springs, West Virginia. It is the U.S.’s largest national, publicly traded cannabis company with five business segments: retail, real estate, mining, pharmaceutical and media. It has retail stores in Colorado and nine states across the U.S. They specialise in hydroponic grow operations for licensed dispensaries and cultivators nationwide. The company has a revenue of $10 million annually derived from product sales and consulting and leasing services.
Conclusion
There are quite a few publicly listed marijuana stocks that have experienced an increase in their stock price over the past year. These companies have gained popularity as a way for investors to participate in the new marijuana economy. Several of these stocks focus on providing products and services for the marijuana establishment, like those listed herein.
