Marijuana Stocks on a High Streak

Marijuana Cannabis Joint

If you have been watching the news about Colorado and the sale of legal marijuana, you would have seen the long lines, reminiscent of lines for popular rock concerts or new Apple (AAPL) iPhones. This news has caused the the prices of many stocks in the cannabis and medical marijuana industry to get very high today. Some of the stocks that are smoking right now include Cannabis Science, Inc. (CBIS) up 60%, up 11%, GreenGro Technologies, Inc. (GRNH) up 29%, Hemp, Inc. (HEMP) up 48%, Medbox, Inc. (MDBX) up 58%, Rapid Fire Marketing, Inc. (RFMK) up 33%, Cannabis Sativa (CBDS) up 233%, and Tranzbyte Corporation (ERBB) up 20%.

Most of the companies related to marijuana are very low cap stocks, according to the free list of over 20 marijuana stocks at WallStreetNewsNetwork.com. However, for the medical use of marijuana and its derivatives, there are larger companies that produce such products as Marinol, a trademark of Solvay SA (SVYSF).

There is also Nabilone, marketed as Cesamet by Valeant Pharmaceuticals International (VRX), which trades on the New York Stock Exchange. Nabilone, a synthetic cannabinoid, is used to treat chemotherapy-induced nausea and vomiting, anorexia, and weight loss in AIDS patients. Valeant also markets Fluorouracil, a cancer treatment drug, and Diastat, a seizure drug. This $39 billion market cap stock trades at 8.4 times sales.It recently generated negative earnings.

Psychemedics Corporation (PMD) has a PE ratio of 25, a price sales ratio of 3, and pays a generous yield of4.1 %. This $79 million market cap company is a provider of marijuana testing and other drug testing services.

GW Pharmaceuticals (GWPRF) produces Sativex, an oral spray with tetrahydrocannabinol and cannabidiol, which is used to treat multiple sclerosis patients, and also for treating pain in cancer patients. This $586 million company trades at 14 times sales.

To see the complete free list of over twenty marijuana stocks, which shows the stock ticker symbol, PE ratio, price sales ratio, yield, market capitalization, and business description, go to WallStreetNewsNetwork.com.

Disclosure: Author owns AAPL but didn't own any of the other above stocks at the time the article was written.

By Stockerblog.com