Sunday October 20, 2019
Home Business List of Best ...

List of Best Penny Marijuana Stocks

As interesting and profitable as marijuana stocks are, they are still mostly penny stocks, the fact that making money off of this little green plant is still considered illegal in countries

0
//
marijuana, cannabis, penny stocks, stocks, USA, investment
Marijuana grows at an indoor cannabis farm in Gardena, California, Aug. 15, 2019. VOA

As interesting and profitable as marijuana stocks are, they are still mostly penny stocks. This probably has something to do with the fact that making money off of this little green plant is still considered illegal in countries like the United States.

We know some states are changing their laws, but nothing has changed federally just yet. This means investors have to deal with cash most of the time, and sometimes, they can’t take advantage of certain tax deductions. The money made from this industry cannot always be used to open a bank account.

As you can see, there are many obstacles to overcome in this industry.

Some of these factors make it even more important for potential investors to pay attention to the penny stocks they do take a chance on. The following is a list of some of the best penny stocks available today.

1. InMed Pharmaceuticals Inc

When it comes to drug development and commercialization, there are only a few companies that can be compared to this company.

InMed Pharmaceuticals Inc. focuses on Cannabinoids, and they have invested a lot of time and effort into developing the therapeutic aspects of marijuana.

One thing the company is pretty proud of is the bioinformatics assessment tool. This tool allows technicians to figure out if a specific cannabinoid could address certain ailments.

The possibilities with this kind of targeted treatment are endless, which is attracting a number of investors around the globe.

marijuana, penny stocks, stocks, USA, investment
There is also the Aleafia Health stock that focuses on growing
and promoting medical cannabis clinics all around the US. Pixabay

At the moment, it seems like the company has made significant progress towards dealing with Epidermolysis bullosa, glaucoma, and it has also been working hard to address joint and muscle pains.

2. American Cannabis Company Inc.

The American Cannabis Company Inc. is considered the go-to company for entrepreneurs in the United States who are attempting to get into the business of selling marijuana.

Everyone knows that the business is setting itself up for a major boom in the coming years, even though it is already quite profitable.

This company understands that entrepreneurs don't always understand everything there is to know about cannabis, such as marketing it and navigating the current environment surrounding marijuana sales.

The American Cannabis Company Inc. is here to provide counsel, thanks to years of experience in the industry. It is here to provide marketing tools, branding information, and even help with staffing if needed.

Those interested in one of the best penny marijuana stocks out there should definitely pay close attention to this stock.

3. Auxly Cannabis Group

The Auxly Cannabis Group is an important company to watch out for. It is considered a cannabis royalty company, and the reason investors should keep an eye on it is because it is focused on helping growers start or expand their capacity.

If the marijuana industry is set to explode as more countries accept its usage, then there is going to be a need for growers who can provide.

Of course, the company does not only help other growers; it has also purchased its own farms as well.

marijuana, penny stocks, stocks, USA, investment
As interesting and profitable as marijuana stocks are, they are still mostly penny stocks. Pixabay

Projections say that these farms may end up producing up to 170,000 kilograms of marijuana in 2019 and the following year. Those kind of numbers have instilled the kind of faith any company wants to instill in possible investors.

4. Plus Products Inc.

Edibles are going to be an important part of the marijuana industry. These little things are fun, and people are loving them. At the moment, Plus Products Inc. is considered one of the fastest growing edible companies.

It continues to produce the kind of edibles that people want, hitting great numbers. Some of their best-selling edibles have seen great staying power and fend off competition.

It is safe to say that this company is putting a lot of work into the products they produce to make sure customers are happy.

It is currently selling its edibles in California, and that means the rest of the country is ripe for the picking, which means the potential for growth is undeniable.

ALSO READ: Daily Cannabis Use May Increase Risk of Psychosis

Plus Products Inc. is actually developing an even bigger facility that is going to be able to handle even more orders. It is safe to say that the company is foreseeing a huge spike in demand within the coming months or few short years. Investors interested in the the long game should definitely give this stock a try.

Of course, these are just some of the stocks that investors should keep an eye on, but there are more, such as MariMed Inc. that is more of an all-in-one consulting firm helping dispensaries and other players in the industry. There is also the Aleafia Health stock that focuses on growing and promoting medical cannabis clinics all around the US.

As mentioned earlier, the key here is to make sure each investor pays attention to each stock and what the company is attempting to do. We think one should only invest in a stock when the investor feels he or she can make an informed decision.

Next Story

Increased Data Entry Workloads Are Pushing USA Doctors Towards Burnout

The types of mistakes that doctor burnout may trigger impact public safety, as well as quality of care

0
Data, USA, Doctors
A report by Harvard researchers even categorized physician burnout as "a public health crisis." Pixabay

Technology is changing the healthcare landscape with American doctors now needing to complete more data entry work to account for an array of factors, including the possibility of medical malpractice, according to a Becker Hospital Review report. The extra workload is making it harder for doctors to feel energized and positive while they are on the job. In fact, 13 percent of doctors place the blame for their feelings of burnout directly on their increased data entry workloads. When doctors burn out, they are prone to making mistakes which put patients at risk. So this extra workload, some of which is designed to lower the risk of medical malpractice lawsuits, may ironically be resulting in an uptick in legal issues.

Doctor burnout needs to be addressed

Doctors who are burnt out are twice as likely to make mistakes, which may have severe or even fatal consequences for patients. A report by Harvard researchers even categorized physician burnout as “a public health crisis.” The types of mistakes that doctor burnout may trigger impact public safety, as well as quality of care. Doctors who burn out and make medical errors frequently suffer psychological turmoil, which may extend to suicidal thoughts, and may also end up in court due to medical malpractice lawsuits. Janet, Janet & Suggs asserts that medical malpractice lawsuits are filed to access compensation and justice for victims of medical malpractice. These cases are on the rise in several states, including Florida, Massachusetts, Minnesota and Vermont, based on recent information from the National Practitioner Data Bank. As a consequence of the growing amount of data entry required of doctors, burnout is considered an urgent problem, especially since some malpractice lawsuits can be directly linked to physicians being overworked.

Physician burnout affects everyone

Data, USA, Doctors
Doctors who are burnt out are twice as likely to make mistakes, which may have severe or even fatal consequences for patients. Pixabay

Almost 50 percent of US doctors report feelings of failure, exhaustion, and depression, as a result of their long hours, hard work, and ever-increasing quantity of patients. Extra data entry work is part of the problem, and another issue is that fact that there are so many patients and only 1.1 million physicians. Since Americans need health care that they can trust, physician burnout can unfortunately affect doctors in every practice and field. Skyrocketing medical malpractice lawsuits in some US states tell a story about the impact that long hours and electronic health record (EHR) systems are having on physicians. Doctors don’t always have access to the latest technology while they practice medicine. This means that they may need to spend even more time updating records. Better technology might lead to lower incidences of doctor burnout and medical malpractice lawsuits, but other solutions should also be sought.

Also Read- Tanzania Denies Withholding Information from WHO on Suspected Cases of Ebola

Americans need to be aware of the pressures placed on doctors, but also need to understand that they may be at higher risk of being subjected to medical mistakes as a consequence of physician burnout. The burnout issue among physicians is something that needs to be addressed sooner rather than later, so doctors are able to deliver the best quality of care possible and avoid malpractice lawsuits.