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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

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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

Here’s why Americans Prefer Single-Family Homes

Are Americans Ready to Let Go of Single-Family Homes?

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Homes
This is a great way for (homeowners) to rent out their basement, or rent out half their homes. VOA

By Dora Mekouar

For decades, many Americans have viewed owning their own home as a tangible symbol of the American Dream. But the question of whether that dream includes dividing one single-family home into two — along with other higher housing density options — is about to be tested in a handful of states nationwide.

Virginia is one of the latest states to tackle the affordable housing crisis by considering zoning rules to allow denser — and, potentially, more affordable — housing, in any area now zoned for single-family homes.

“If a property owner feels it fits their need to upgrade to a duplex from a single family’s owned property, then they will go about it through a local approval process,” says Virginia House Delegate Ibraheem Samirah, who represents a district in suburban Washington, D.C. “After the local approval process is completed, then they can create their two families’ owned property as they see fit.”

Homes
Virginia lawmakers are considering a proposal that would allow an accessory dwelling, for example, a separate structure, basement apartment or garage apartment, on lots zoned for single homes. VOA

Samirah introduced a bill to allow duplex homes, like townhouses and cottages, in any place that’s currently zoned for single-family homes. The specifics of what those multi-family properties would look like will be left to local governments. The bill does not ban single-family homes.

It’s the kind of move toward creating more affordable housing that’s already been introduced on the West Coast of the United States. Oregon was the first state in the country to ban restrictive single-family zoning in July 2019.

Planning experts and local officials say suburban sprawl has negative impacts on the environment, puts a heavier burden on local services, isolates people, and excludes lower income households and households with people of color from certain communities through economic means.

Homes
In Virginia, builder Carrington Homes offers an accessory dwelling unit, a second living unit (left), as an option for their new homes. VOA

A 2019 Harvard housing report found a “relative lack of smaller, more affordable new homes.” The same report finds that about half of all renter households nationwide spend almost one-third of their income on housing.

But the move away from single-family zoning won’t be an easy one.

“At some level, that development pattern is really uniquely American,” says Robert Parker, executive director of the Institute for Policy Research and Engagement at the University of Oregon.

“People who have lived, and grew up, in low-density suburban developments have a strong preference for that. They can’t really envision a future that’s substantially different than that.”

The size of the average house has more than doubled since the 1950s. In 2019, the average size of a new single-family home was 240 square meters (2,584 square feet), according to the National Association of Homebuilders.

Americans clearly like their space. But millennials — people in their mid-20s to late 30s who make up the nation’s largest living generation — have their own ideas about what the ideal home looks like, according to a Portland, Oregon-area survey cited by Parker.

Homes
Christine Minnehan sweeps up in front of her “granny flat” located in the backyard of her Sacramento, Calif home . VOA

“Eighty percent of them would prefer to live in a detached, single-family residence, and so it really begins to become a matter of scale and amenity,” Parker says. “A lot of those those younger households are really looking for smaller units in walkable neighborhoods and, increasingly, the development community is beginning to recognize that and thinking about ways that they can build those environments.”

Samirah, the Virginia delegate, expects some pushback from people who are worried their neighborhoods could become less desirable, but he says correctly organizing density can benefit property owners, including those who are struggling financially.

“People think it’s going to be a major shift in the landscape of suburbia. I think that’s a false narrative,” Samirah says. “This is a great way for (homeowners) to rent out their basement, or rent out half their house, or whatever it may be…If you’re thinking of retiring, instead of selling your house and moving out to another area, it also helps them keep their families in place.”

“You can have a mixture of densities that’s not detrimental to a set of lifestyles that people hold very dear, that will allow housing choice for households that are struggling to find housing that’s affordable to them in environments that are conducive to the lifestyles that they would like to lead,” Parker says.

Also Read- 2000-2019: The Hottest Decade Measured

He adds that the suburban way of life isn’t going anywhere in the near future.

“There’s little that we can do to retrofit suburbia moving forward so that land use pattern is pretty well ingrained and it’s going to be there for generations.” (VOA)