Top Marijuana Penny Stocks 2021

Looking to invest in marijuana for a lower cost? Find out the top marijuana penny stocks in this article.

This article originally appeared on The Green Fund.

Federal legalization of cannabis in the U.S. seems like an inevitability at this point, with 15 states that have now legalized cannabis for recreational purposes, and 35 states that have legalized it for medicinal purposes.

As such, investors are looking out for which company will take center-stage when federal legalization takes effect, as they may enjoy sizeable gains if they bet on the right horse.

However, many are also looking toward marijuana penny stocks so that they may capitalize on the growing cannabis industry without spending too much money.

So what is a marijuana penny stock?

According to the U.S. Securities and Exchange Commission (SEC), a penny stock is any share that trades below five dollars.

As such, companies that trade penny stocks are usually in a developmental phase or have yet to turn a profit. This means that their stocks are much cheaper, but often much riskier for investors.

With all of that in mind, let’s look at the top 3 marijuana penny stocks for 2021.