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4 Best Medical Marijuana Stocks to Buy Now

Of course, proceed with caution when betting on any penny stocks

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Best Marijuana Stocks: Cannabis Science (CBIS)

cannabis-science-cbis-stock11/20 Stock Price: 3 cents
Market Cap: $24 million
YTD Performance: -34%

Cannabis Science (CBIS) is probably the most “medical” of all medical marijuana stocks. It’s led by Dr. Robert Melamede, a leading scientist in the field of cannabinoid research.

As such, Cannabis Science looks more like a biotech or pharma company than the rest of these marijuana stocks, since it seeks to develop cannabinoid-based products for approval by the Food and Drug Administration.

So far, that hasn’t been a very good bet for investors. Shares of CBIS stock are off 34% for the year-to-date, and — again — like all medical marijuana stocks, they are volatile. Cannabis Science stock was actually up about 90% back in February.

CBIS had no revenue in the most recent quarter and a loss of $928,000. As a result, Cannabis Science is looking for additional capital to stay afloat. Still, CBIS stock makes this list because it’s also more heavily traded than some smaller marijuana stocks.

Article printed from InvestorPlace Media,

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