The loosening of restrictions on the sale and consumption of marijuana have opened up a lot of opportunity for a host of companies. With Colorado and Washington State legalizing marijuana for recreational use it is only a matter of time before other states do the same. There were established players already in the market but some companies who operate on the fringe are seeing a surge in their stock price as well.
Here are some companies that one of my students recommended to me.
- Grow Life: PHOT
- Advanced Cannabis Solutions: CANN
- Vapor corp: VPCO
Grow Life: PHOT
"Growlife, Inc., through its subsidiaries, manufactures and markets horticulture and lifestyle products in the United States and internationally. It offers LED lights for indoor growing; wireless monitoring and control equipment to operate grow room functions; and plant growing systems and accessories, including nutrients, media, timers, controls, and automated water accessories." - Yahoo Finance
Advanced Cannabis Solutions: CANN
"Promap Corporation develops, owns, and lease growing facilities to licensed marijuana growers and dispensary owners for their operations. The company was incorporated in 2013 and is based in Colorado Springs, Colorado" - Yahoo Finance
Vapor corp: VPCO
"Vapor Corp. designs, markets, and distributes electronic cigarettes, vaporizers, e-liquids, and accessories primarily in the United States and Canada. The company’s electronic cigarettes are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash, or carbon monoxide" - Yahoo Finance
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