The Top 4 Marijuana Stocks of 2017
kw: marijuana stocks of 2017
Meta: If you are looking to invest in the industry, these are the four best marijuana stocks of 2017.
While you may imagine legalized marijuana being sold in cigarette-like packets one day or pot cookies sold at your grocery store, these uses are not the top marijuana stocks of 2017. Most of the cannabis stocks with the best growth are offered by companies that have designed medical applications of marijuana. While there are hundreds of marijuana start-ups, you need to find cannabis companies that will still be in business in the future. The best marijuana stocks of 2017 are established companies that have products that are currently in use or about to be approved by the
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The company has had a steady increase in operating income and sells many different drugs. If you want to limit some of your exposure, this is the company to choose.
The main downside to AbbieVie is that it caters almost entirely to United States markets. If the United States has a recession or market demand drops here, then the stock could decline in value. Most of the other pharmaceutical companies that you could invest in also sell internationally. To make up for this risk, you get a dividend of nearly 4 percent (3.88 percent). The stock has a market cap of $105.137 billion and an average volume of 6,055,417.
3. Insys Therapeutics, Inc. (INSY)
INSY is another seller of non-cannabis drugs, but it is also working on creating a synthetic version of cannabis to treat childhood epilepsy. Currently, they are trying to design a spray technology to make delivering the cannabinoids easier. Operating income declined in 2016 as the company spent more on research and clinical trials. While revenues have been fairly flat for the last three years, INSY has seen gross profits rise higher for the last three years. It still has higher volatility than an investor would like, but this volatility is fairly common in biotech stocks. Currently, the stock has a market cap of $874.22 million and an average volume of 890,504.
4. Scotts Miracle-Gro Company (SMG)
Rounding out the list of the best marijuana stocks of 2017 is a company that avoids marijuana production or marijuana
Cannabis. It’s been called everything from “Weed from the Devil’s Garden” to “the happy little herb”. Cannabis, which is also called Marijuana, has a known history that dates back over 10,000 years. The oldest remnant of the industry of mankind is a little piece of hemp cloth/fabric that dates back to around 8,000 B.C. (website, HIA: Resources: Education: FAQs & Facts: Facts).
Canada, which legalized the production of industrial hemp in 1998, might be considered a good measure of America’s potential future in industrial hemp production. As of 2015, 1,135 licenses were issued in Canada to grow 34,262.6 hectares of hemp (84,664.7 acres). Those numbers are down from 2011, when Canadian hemp farmers reaped an approximate profit of at least $30.75 million. By way of comparison, Canadian farmers saw at least $990 per acre of hemp while Indiana farmers can expect approximately $736 per acre of corn, and Californian farmers can expect approximately $630 per acre of
On October 1, 1937, the Marihuana Tax Act of 1937 was enacted and it prohibited all forms of cannabis sativa. Although the bill was targeted towards the banning of marijuana and both forms of cannabis on separate ends of the sativa spectrum, there was no specification on which form was directed for the ban. Thus both were prohibited from being grown in the United States of America. In November of 2016, marijuana officially became legal to grow in all fifty states, yet industrial hemp is still currently legal to be grown in 13 states within the USA. Hemp is largely exported to the US from other countries. It is imperative that hemp becomes legal to be grown around the entire country, for hemp will help retain the USA’s revenue by using hemp grown in America, has can be used for many different purposes such as clothing or food for example, has the potential to reduce American citizen’s carbon footprint as a substitute for paper and gasoline, and has no major threat to the industrialization of hemp in factories.
One of the campaign promises of the Liberal Party leading up to the 2015 election was the legalization of recreational marijuana (globalnews, year) and as a result of the party’s win, Canada passed legislation in the spring of 2017 for the July 2018 commencement of legalized recreational marijuana. Canadians are already able to trade an Exchange Traded Fund (ETF), Horizons Marijuana Life Sciences ETF (HMMJ.TO) that focuses on the production of medical and recreational marijuana with a focus on the latter (Randall, 2017).
The main characters in this article include Scotts Miracle-Gro Co. who is venturing into the medical marijuana field with Miracle-Gro products. Centennial Seed Co. and General Cannabis Inc. are also mentioned as companies that support the medical marijuana field. These new niche marketing strategies are supported with data
As a result, dispensaries companies encounter obstacles in the marijuana industry. In order to allow banking for the marijuana industry, Colorado took stages to establish “the world's first credit union for the industry, the Fourth Corner Credit Union” (Mallon, 2015). Colorado's dispensaries were obliged to grow at least seventy percent of the cannabis they sold, some companies are good at farming but not at selling, and others have nice storefronts but lower-quality products.
As of right now, marijuana is the fastest growing industry in the United States with a market worth $2.7 billion. Colorado, Washington, Alaska, Oregon and Washington D.C have all passed bills enabling the legal use of cannabis. In 2014 Colorado sold 260,600 pounds of legal marijuana to
Many doctors across the nation believe that medical marijuana can provide a variety of benefits ranging from pain relief to increasing appetite. Others won’t provide the drug to patients until more significant evidence is presented. The drug has been a topic of debate for many years, but one thing that researchers can always count on is a growing library of testimonials from patients who have legally experimented with the drug to manage their conditions. As it stands, marijuana has had a different impact in each state. A few things that are similar between them all involve economy and medical research. As the amount of people taking medical marijuana continues to grow, researchers are being provided with more case studies to use for their research and economies where are being stimulated with the addition of thousands of new dispensaries.
Serious, life threatining diseases like cancer have been effectively treated from medical marijuana. It has been known to suppress cancer, help depression, reduce blood pressure, treat glaucoma, alleviate pain and even inhibit HIV, it is also an antioxidant and anti-inflammatory. “The late Dr. Tod Mikuriya, a former national administrator of the U.S. government's marijuana research programs, appeared in a film about the business of marijuana prohibition shortly before his 2007 death called The Union… ‘After dealing with about 10,000 patents in the last 15 years, I'd say about 200 different medical conditions respond favorably to cannabis,’ Mikuriya said” (Smith). Marijuana is the future of medicine; it will save countless lives without the serious risk of taking others.
Since recent studies and discussions have revealed that there’s substantial evidence that medical marijuana is effective at chronic pain relief, mainstream patients have become much more curious about the almost-legal drug. Shoppers Drug Mart and Loblaw (who owns Shoppers) have filed to become a licensed producer of medical cannabis strains, so that they can distribute the drug and offer their employees coverage.
Cannabis Sativa, also referred to as marijuana was founded by the “Father of Chinese Medicine”, Shen Nung in 2700 B.C. The medical use of marijuana has been around approximately thirty-two times longer than the oldest man-made pharmaceutical drug. Medical Marijuana has been undergoing extensive research over the course of the last decade to either give validity to all stereotypes surrounding the subject or proving the accusations false. Cannabis Sativa, has many forms of intake, it has been shown to have positive effects on a vast array of diseases, and negative effects as well.
The cannabis sativa plant produces more protein, oil, and fiber than any other plant on earth. In fact, it can be used to produce more than 5,000 textile products ranging from rope to paper. Aside from being resourceful, it is also very nutritious. According to Dr. Udo Erasmus, “hempseed oil is
Centuries ago, marijuana, a drug cultivated from the flowers of the cannabis sativa plant, has been used for both folk medicine and also recreational use for centuries. The oldest known cache of marijuana was found in a grave that’s over 2,500 years old. Today, there are federal laws enacted prohibiting the possession, distribution, and cultivation of marijuana. However, states are beginning to challenge marijuana prohibition by legalizing and regulating the sale of this widely used substance medically and recreationally. This legalization movement will greatly benefit the United State’s economy and provide a medicine that is available for those in need.
Today, buying and or selling marijuana for common use has become a major problem. This is mainly because marijuana as we know it has completely lost its purpose. It is no longer needed as a crop for making robe, paper or fiber. It is
The strategic implications for Vertex attempting to fund and develop four drugs are as following: