Blum Holdings Inc (BLMH)

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One Top U.S. Marijuana Stock To Watch In 2018

Although pure play marijuana stocks are few and far between, we have managed to hunt down one top U.S. marijuana stock that has the potential to multiply in 2018.

This marijuana grower is based out of California, with additional bases in Nevada–two of the nine states where marijuana is fully legal to use. Mind you that the two states are at the forefront of the pot boom.

California was the first state to legalize weed for medical purposes back in 1996. In 2016, both California and Nevada legalized marijuana for recreational use via a ballot initiative. Last year, Nevada became the first to see legal retail of recreational weed, and beginning this year, California became the second to sell pot for adult recreation.

One of the reasons our today’s pick makes for the top U.S. marijuana stock is because of its strategic location. The other is its brand recognition.

This U.S. marijuana company is Terra Tech Corp. (OTCMKTS: TRTC), best known for its “Blüm” marijuana dispensaries and “IVXX” marijuana brands. The company produces, markets, and sells dried marijuana as well as derivative products like rolled joints and oils.

In addition to selling these products at over 200 stores in the 29 states where medical marijuana is legal, the company also runs its own dispensaries within California and Nevada.

Terra Tech’s Blüm dispensaries began selling weed for recreational adult use in Nevada on July 1, 2017. Within California, the company initiated adult-use retail on January 1, 2018.

Right now, the company is aggressively expanding its portfolio of marijuana products, which is why early investors may have a chance to reap solid gains.

As of now, two new major cultivation locations are under construction within Nevada, which will further enhance its production capabilities.

Terra Tech has witnessed a rapid double-digit growth in sales in the recent quarters. An increase of 82% in revenue was recorded in the most recent quarter.

What’s interesting is that marijuana is not the only greens it produces. Terra Tech is also popularly recognized for its third brand, “Edible Garden,” which produces farm-fresh, organic, and non-GMO green herbs like basil, cilantro, rosemary, thyme, chives, etc. The brand is currently expanding into new product lines like strawberries, peppers, and lettuce, and more, so this company is also diversified beyond marijuana.

This is one marijuana penny stock you can’t let pass.

Analyst’s Take

My oft-repeated advice for marijuana stock investors is to always perform due diligence before investing in any cannabis stocks because the marijuana industry is rife with volatility. Since most marijuana companies are loss-making, their valuations are largely dependent on their future cash flows. It’s always best to pick a stock which owns a unique position in the industry.

Terra Tech is one such company which, in my view, makes for the top U.S. marijuana stock because of its geographic target market, as well as its swiftly expanding marijuana portfolio. It’s one marijuana penny stock which could surprise us with exponential gains in 2018.
https://www.profitconfidential.com/marijuana/terra-tech-corp-stock/top-marijuana-penny-stock-terra-tech-selling-for-less-than-penny/