Don’t Be Fooled By the Smoke Around Marijuana Stocks

Penny stocks like MJNA and CBIS are bad bets

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Don’t Be Fooled By the Smoke Around Marijuana Stocks

Marijuana Stocks - Growlife (PHOT)

GrowLifePHOT185 Don't Be Fooled By the Smoke Around Marijuana StocksThe last of our medical marijuana stocks is Growlife (PHOT). And good news for fans of marijuana stocks: PHOT stock seems to have some more value than the other medical marijuana stocks.

The first bit of promising info for PHOT stock is the fact that revenues almost quadrupled for the year-to-date and doubled year-over-year in the most recent quarter. Growlife is high on recent Department of Justice guidance regarding medical marijuana. And unlike other medical marijuana stocks, this one has a hydroponics business unit, with both brick-and-mortar stores and online stores.

I suppose if one had to buy one of the medical marijuana stocks, PHOT appears to have the most possible upside and financials. Cash flow isn’t fantastic, but it does show promise. Of course, PHOT stock still trades at just 9 cents per share. So as with all penny stocks, I would tread very cautiously.

Penny stocks are subject to manipulation, and none of these medical marijuana stocks are terribly impressive.

As of this writing, Lawrence Meyers does not hold a position in any security mentioned, nor does he utilize any of their products.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/marijuana-stocks-penny-stocks-mjna/.

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