5 Cannabis Penny Stocks for Higher Returns
We’re up 46% on our previous three cannabis stock picks from September and I’ve found five more ready to ride the wave of marijuana legislation. In this video, I’ll show you how to find the cannabis penny stocks with the most to gain and what I’m looking for in stocks to buy.
The ‘grow’ rush is on with cannabis stocks jumping since last year. We covered three weed stocks in September ahead of the trend with an average of 46% return to date and one is up 80% on a takeover offer. But those three cannabis companies were multi-billion stocks already huge and with limited upside. When I think of the future of cannabis and the potential growth, I want the penny stocks that could 10X your money.
Legislation is coming that could open the industry up to increased funding, liquidity and a wave of investors. The U.S. House already passed new banking legislation last year that would have opened cannabis up to a boom in funding. It’s the small, penny stock companies that will benefit most from the funding and being able to list on the major stock exchanges.
When I’m looking for cannabis penny stocks, I’m first screening for companies under a billion-dollar market cap and preferably even smaller at $500 million or less. That gives them the room to grow into multi-billion companies. I’m also looking for companies at different stages in the supply chain like cultivation, processing and retail. Finally I look at revenue growth, potential and other financial metrics.
Check out the BevCanna investor presentation and how this white-label, full-service infused beverage company is ready to take advantage of cannabis legalization. https://www.bevcanna.com/investors/
TSX-V: BEV | OTC: BVNNF
🤑 Get The Daily Bow-Tie – my FREE daily email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie
My Investing Recommendations 📈
📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount
Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull
Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! https://mystockmarketbasics.com/free-investing-webinar
SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos
Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#pennystocks #stocks #stockstowatch
This video was conducted on behalf of BevCanna, and was funded by Gold Standard Media LLC. All research, recommendations and opinion is that of the creator and no content was written or provided to the channel from the company. Sponsorships like these help me provide free research into this and other companies for investors.
For our full disclaimer, please visit: https://www.goldstandardir.com/bevcanna-disclaimer-40/