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.

TSX-V: BEV | OTC: BVNNF

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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.

[BathTubBoat]

A side note: I purchased (almost) every stock you researched to earn dividends everyday. Thank you for the work you put into those 3 videos.

[MrRichman]

I'm surprised you didn't mention High tide. HITIF

[investinstyle-financeinves]

I don't know enough about cannabis to go stock picking, but I'll add some YOLO to my portfolio any day.

[LifeofBliss]

Thank you for your research and knowledge on investing my friend. We reached the point early last year to where we were in the position to start investing outside of retirement funds, and it has been quite the experience so far! Thankfully a pretty profitable experience, but I'm learning more and more as time goes on and you have been a huge asset. Keep up the good work and also congrats on your YouTube success!

[Jahefe]

MJ has been the inspiration for me to start investing .I missed the Canadian rush but IREALIZED THAT WHEN THE US rolls there will be a large opportunity and then Covid sped up the whole process.

[GHOST]

Great content as always. I have IIPR in my core dividend portfolio. I bought Aphria last year. Also bought Planet 13. P 13 is still one of the best companies out there. Village Farms is on my buy list. Cresco is on my buy list again. Curaleaf and Trulieve are also on my radar. I think Jushi will go far also...

[ancutacotriscau]

Great video! I was wondering when you will be making a video about best european Etf's to buy in Europe?

[thegormlesstwit]

Hey! I'm first! Gonna buy me some green stuff.

[jessybrar]

Surprised you didn't include HITIF

[PeterSchultz_Importer]

Great video. Gotta say, was pretty shocked not to see HITIF.

[xxtragg]

MSOS etf is a great way to get invested in American cannabis.

[shucky]

Hey Joseph another awesome video! Any thoughts on Tilray or Sundial ?

[jasonhutchens]

Bought PLNFH, GGTTF and CLVR. Been holding PLNHF for a while, recently bought GGTTF and CLVR. I will likely add some of these due to believing at some point they will sky rocket for great returns!

[thespotentertainment]

I’m on the MJ ETF. Great video learned a lot

[MrEdwinborja]

Love your show! Can you do a review with ticker symbol SSFT, they are an Artificial Intelligence penny stock from San Jose which is the tech capital of the world 🌎. Please and thank you!

[kennysoquiet]

I invested in GRSO with the vertical farming technology they are trying to develop

[macembree]

I’ve been following cannabis stocks for just over a year now. In my opinion probably the only industry that isn’t massively overvalued. An already existing industry that’s been suppressed and is now being made legitimate for economic reasons. Long overdue.
The company its I follow the most that I think are probably undervalued (just based on their structure and growth alone) are green thumb industries GTBIF
Harvest health and recreation HRVSF
Cresco labs CRBLF
and curaleaf
CURLF
All of these companies are American and all operator in multiple states. I hear no one talking about these massive companies and only hear tilray and canopy . Which is just all around funny. Or sundial. Canadian and American are not the same ...

[CBEACH]

Agra Ventures has a huge greenhouse and is just getting started.

[TheNajvincent]

ty for sharing... I was wondering if you can do also a cal option every week or every day

[SuperAnonymous]

High Tide would have been a better pick than Alcanna. Alcanna has actually spun off their cannabis business as a separately listed company, nova cannabis.
Otherwise Bevcanna was a good pick.