Marijuana Stocks: Let’s Weed Out The Bad Ones

Ah yes Friday. The magical day we all know as the beginning of the weekend. It can be relaxing and a good time to catch up on the things that you’re behind in. If you’re anything like this investor, you often times get bored. In other words, you hate it when the market is closed — especially when marijuana stocks are on fire.

But how do you know which one to invest in?

Well, that’s the million dollar question. With a growing number of marijuana stocks available to the public, there’s certainly a lot to choose from.

Well, let’s weed the bad ones out, shall we?

1. Axim Biotechnologies (NASDAQOTH:AXIM)

 What is worse than a cryptocurrency crash? How about a full-throttle 23% drop in a week for a stock? Stocks are supposed to be risky, but not this risky. I’m not going to bore you with why this happened — there are enough articles explaining that. I will, however, recommend to stay away for Axim Biotechnologies. At least for now.
 

2. Golden Leaf Holdings (CNSX: GLH)

Golden Leaf Holdings is an Oregon-based company that grows, processes and distributes medical marijuana. You would think the word Golden would be bulletproof in 2017. Au contraire my friends. Since November of 2016, Golden Leaf Holding Company has dropped from 87 cents to 22 cents, a solid 6.25% and seems to be still moving downwards.

Related: 10 Marijuana Stocks to Watch for the Rest of 2017

3. Insys Therapeutics Inc (NASDAQ: INSY)

Insys Therapeutics is a commercial-stage specialty pharmaceutical company with two FDA-approved cannabis-based drugs. Another stock that had promise in 2016 that is turning out to be a dud in 2017. At times this year, marijuana stocks have been inconsistent, but you can’t argue with the results. INSY was trading at 18.54 down to a miserable 8.90. If you look at the one-month chart anywhere on the Internet, it looks similar to what Blockbuster looked like when Netflix came out. 

Overall, there are a ton of marijuana stocks to get involved in — too many at times to look through. So it’s important to isolate the bad ones. And the three I mentioned above, are certainly just that.

For the latest information on marijuana and alternative stocks, please be sure to subscribe to the Growth Stock Network daily newsletter.

Tags:

2 comments for “Marijuana Stocks: Let’s Weed Out The Bad Ones

  1. mike
    August 15, 2017 at 12:53 am

    thank you for coming out with this news letter, I am interested in the marijuana stock’s and have been following some of Canada’s and USA’s, bought one and still choosing on a couple more, but the up and down it is hard to see where any are going. I get a lot of “expert” advice and only thing I get out of them is pay me, haha, I screwed myself with FB when he first started with his IPO and listened to the wrong “experts” and it never did come down like they said. whatever you send on this great venture I will surely read.

    • GSN Staff
      August 15, 2017 at 4:20 pm

      Hello Mike,

      It’s our pleasure to provide you with this newsletter – and sorry the market hasn’t panned out as you planned. Yes, you are indeed right — there are a lot of so-called “experts” out there providing advice. While nothing is guaranteed with stocks, we do believe that the cannabis stock industry is on the rise. Hopefully, you reap the benefits of it, and our info/advice.

      Happy trading, and thanks for reading!

Leave a Reply

Your email address will not be published. Required fields are marked *