Unfortunately, until marijuana
is legalized in the United
States on a federal level, the
vast majority of marijuana
stocks will likely continue to
trade over-the-counter and
continue to be horrible
long-term investments. Aside
from GW
Pharmaceuticals PLC- ADR
GWPH 1.38%, which
trades on the NASDAQ, no other
weed stocks trade on major U.S.
exchanges.
Trading on the OTC market means that many of these stocks have relatively light regulatory oversight and little or no institutional backing. For now, these stocks have been serving mostly as day trading instruments.
Short sellers have been particularly profitable. All 15 of Benzinga’s “15 Marijuana Stocks To Watch In 2015” finished the year down at least 30 percent. If you take GW out of the mix, 12 of the remaining 14 stocks were down at least 72 percent.
Until the marijuana industry becomes more mainstream, decent long-term investments will be hard to come by. But if you’re looking to trade weed stocks in the meantime, at least you can avoid the most illiquid stocks.
StockStat has a full list of marijuana stocks that you can sort by trading volume. However, it’s important to remember that 2 million in trading volume may seem impressive, but for a stock that trades at $0.0001 per share, it only amounts to $2,000 in liquidity.
Top 15
With that in mind, here are the 15 weed stocks with the highest daily trading volume, according to StockStat:
- Bayport International Holdings Inc BAYP
- Greengro Technologies Inc GRNH 12.65%
- Dewmar International BMC Inc DEWM 6.9%
- Terra Tech Corp TRTC 8.43%
- VAPE HLDGS INC COM VAPE 17.5%
- American Green Inc ERBB 6.25%
- Cannabis Science Inc CBIS 1.03%
- Medical Marijuana Inc MJNA 1.16%
- EFFTEC INTL INC COM EFFI 11.11%
- Vapor Group Inc OTCVPOR
- Hemp Inc HEMP 1.67%
- Growlife Inc PHOT 0.53%
- Fastfunds Financial Corporation OTCFFFC
- Latteno Food Corp OTCLATF
- Easton Pharmaceuticals Inc EAPH 6