Marijuana Penny Stock Investing in 2018 Is Simple with These 2 Rules – Money Morning

Marijuana penny stock investing can be a quick way to earn double-digit or even triple-digit returns. For instance, Delta 9 Cannabis Inc. (OTCMKTS: VRNDF) climbed 50%, from $1.56 to $2.34, in just the first week of November.

Video 5 Things Marijuana Investors Need to Know Now

But it’s important to learn Money Morning‘s two rules for investing in marijuana penny stocks. These must-have rules will help you avoid the companies defrauding or flat-out lying to investors for their own gain.

Take the marijuana vaporizer company mCig Inc. (OTCMKTS: MCIG), for example. In February, market analyst and 420 Investor founder Alan Brochstein alleged the company committed insider selling.

You see, Brochstein was looking into mCig’s 10-K filing – a report summarizing a company’s financial performance. He realized the number of shares owned by the CEO, Paul Rosenberg, had changed from 23 million in 2015 to just under 21 million in 2016.

That indicates Rosenberg sold nearly 9% of his total stake in the company. More importantly, Brochstein realized that Rosenberg had never disclosed the sale of his shares, which is required

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