This has also provided opportunities to entrepreneurs involved in investment and financing to fill the growing capital needs of growing businesses involved in medical marijuana. As these companies grow in size and scope many will require capital infusions from outside investors if they hope to capture market share before competitors. While these companies can go through private channels to raise money, another route is to go to the public markets via an IPO (initial public offering). Sensing billions of dollars in revenue, Angel Investor Network has been Launched to take advantage of ancillary business opportunities in medical marijuana industry.
Although there is undeniable potential for growth, ultimately, it will depend on the political progress in reforming marijuana laws. Nevertheless there are several companies that serve this industry as outlined in a number of publications such as San Francisco Chronicle, Benzinga, Bloomberg. Here are some to the companies that may provide investment opportunities:
Medical Marijuana (OTC: MJNA). offers services to marijuana grow collectives to ensure rules compliance. The company helps other organizations manage legal and tax obligations, and is a great stock to look at if investors expect more marijuana legislation to follow.
Converted Organics Inc. (NASDAQ: COIN) operates processing facilities that use food waste and other raw materials to manufacture all-natural fertilizer and soil amendment products combining nutritional and disease suppression characteristics. Converted Organics products maximize the grow potential of marijuana plants, while minimizing disease. The stock would surely benefit if marijuana fertilizers become more popular and widely-used.
Psychemedics Corp . (NASDAQ: PMD) provides testing services for the detection of abused substances through the analysis of hair samples. Because some employers will always want to test their employees for smoking pot, companies like Psychemedics provide the products to do so.
Altitude Organic Corp., (OTC Market: ERBB)
General Cannabis (CANA ) General Cannabis came onto the scene. filed notice with the Securities and Exchange Commission on March 1st to raise $10.5 million via an IPO. They are probably best known for Weedmaps.com, a medical marijuana dispensary website with over 50,000 active users.
GrowOp Technology, is in the business of designing and manufacturing "large-scale portable, discreet, high-output hydroponic grow rooms." While they haven't filed any IPO paperwork yet, the company is run by a former Morgan Stanley investment manager, so a public offering is certainly within the realm of possibility.
GrowOp Technology, is in the business of designing and manufacturing "large-scale portable, discreet, high-output hydroponic grow rooms." While they haven't filed any IPO paperwork yet, the company is run by a former Morgan Stanley investment manager, so a public offering is certainly within the realm of possibility.
Rapid Fire Marketing (RFMK) through its wholly owned subsidiary company, Medical Cannabis Management (MCM) looking to expand operations in cultivation and growing of medical cannabis and hemp products.
Valeant Pharmaceuticals International (NYSE: VRX). Valeant develops, manufactures, and markets many pharmaceutical products in neurology and dermatology. However, it also makes Nabilone, a form of synthetic THC, which may be the key in the emerging market of marijuana.Cannabis Science (CBIS) Engaged in the development of cannabis-based pharmaceutical products.
GW Pharmaceuticals Engaged in the development of cannabis-based pharmaceutical products.
Pharmos Corp Engaged in the development of cannabis-based pharmaceutical products.
