Ganga Stocks to Buy
Now that it's legal in Colorado, the trade is on. Medical Marijuana (MJNA), Hemp Inc. (HEMP), Tranzbyte (ERBB), GrowLife (PHOT), Greengro Technologies (GRNH) and Cannabis Science (CBIS). Those are the marijuana stocks you can invest in today.
Problem with all of them is they trade on the OTC board. However the gains in Tranzbyte (ERBB), Greengro Technologies (GRNH) and Cannabis Science (CBIS) have been massive this past week. In the last 5 trading sessions ERBB has gained 92%, GRNH up 181%, and CBIS has rallied 108%. That is if you could have found a buyer which will be difficult next week. All three of those names trade for under 10 cents. Tranzbyte isn't even worth mentioning as it trades under a penny. These are penny stocks and extremely volatile and risky. Greengro Technologies (GRNH) is the only name that trades at 10 cents. Enough said, these are gambly investments and you are better off at the craps tables.
Personally I would rather bet on big tobacco via Altria (MO), Reynolds American (RAI) or Lorillard Inc. (LO) . MO is not going to roll over if these pot companies take off. Big money always win and that rings true for tabacco.
Bottom line: Don't waste your time on pot stocks, you'll get smoked. Big tabacco rules this world and pays dividends, i.e. RAI, LO, MO.
Stock prices for those in this article below:
|Company name||Price||Mkt Cap|
|HAHI||Help at Home, Inc.||0.0013||2,430.00|
|MO||Altria Group Inc||37.72||75.44B|
|GRNH||GreenGro Tech., Inc.||0.104||14.97M|
|CBIS||Cannabis Science Inc||0.0605||46.06M|
Now do you see why the pot stocks aren't worth trading?
Best of the Blogs
Scanning and identifying the best blog entries every hour
- BitGold Now Available in US! Why BitGold? | Financial Sense
- America Is Its Own Worst Enemy - Trapped In Irrational Exuberance | ZeroHedge
- Greek Crisis: What's Next After Capital Controls? | ZeroHedge
- Germany To Tourists: If You Go To Greece, Bring Plenty Of Cash | ZeroHedge
- A Beginning but No End | Financial Sense
- Market Recap Jun 29, 2015 | FundMyMutualFund
- Earnings Preview - Second Quarter 2015 | Financial Sense
The most relevant financial news and articles from the Internets
- How to overcome the pressure of checking your email all the... | Business Insider
- 'Radical transparency' continues: The European Commission has published... | Business Insider
- Taliban ambush kills 11 Afghan soldiers: officials | Business Insider
- Number of injured in Taiwan water park blast 'rises... | Business Insider
- 57 countries hold signing ceremony to set up China-led... | Business Insider
- There's actually a strong case for connecting everything in your home to the... | Business Insider
- NBC latest to dump Trump over Mexican immigrant comments | Business Insider