Marijuana Stocks To Plant In Your Portfolio
Already, 2018 has advanced the marijuana industry and its only January 2nd. This new year has marked the legalization of the recreational marijuana market in the state of California as of January 1st, and it is the year that Canada will legalize adult-use recreational marijuana.
Already, 2018 has advanced the marijuana industry and its only January 2nd. This new year has marked the legalization of the recreational marijuana market in the state of California as of January 1st, and it is the year that Canada will legalize adult-use recreational marijuana. Last year, most marijuana stocks saw some serious growth and the outlook for this year remains even more bullish. According to cannabis research firm, the legal North American marijuana industry grew by 34% in 2016 reaching $6.9 billion. It projected to increase around 26% annually through 2021 which equates to nearly $21.6 billion.
No wonder investors have been generating some smokin’ hot profits with marijuana stocks and you should too. Here are some marijuana stocks to consider for growing your portfolio in 2018.
Vitality Biopharma (VBIO), developer of cannabinoid pharmaceuticals for the treatment of neurological and inflammatory disorders, has made a lot of positive clinical advancements over the last year. (VBIO) uses prodrug technology that facilitates the delivery of cannabinoids to the site of disease while reducing and/or eliminating psychoactivity. This marijuana stock reported positive results for Inflammatory Bowel Disease (IBD), Pediatric IBD, Cannabinoid Antibiotics, and Colon Cancer. Vitality filed for two international patents; one for Neural Repair Treatments and the other for Cannabinoid Pharmaceuticals. If (VBIO) continues to move at the same pace as last year, there is not much preventing it from growing like a weed.
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