Medical Marijuana stocks are on fire … and that can be dangerous as a plethora of “pretenders” start jumping into the fray with tenuous connections to Medical Marijuana at best for the sole purpose of a quick pump and dump.
Nonetheless, I have very little doubt we are witnessing the birth of a monster industry that will give small cap investors some unbelievable profit opportunities. Â Personally, I haven’t settled on any picks yet and still in the process of my due diligence – and when I mean due diligence, I don’t mean the biggest possible gainers this afternoon. Â I’ll separate the pretenders from the contenders and then begin posting ideas.
In the meantime, as a starting point, here is a list of medical marijuana stocks ranked by Average Daily Trading Volume over the past 50 days. Â IMPORTANT … Rank IS NOT AN INDICATION OF QUALITY … some stocks are simply better promoted than others.
If you have a company that should be added to the list, please post in comments below … and don’t give me stocks that have changed their name 4 times in the last 5 years jumping from trend to trend. Â Real, serious companies only please.
