January 28, 2013 at 10:26 AM EST
Medical Marijuana Focus: Looking at OTC Stocks in the Rapidly Burgeoning Cannabis Industry
Medical Marijuana Focus: Looking at OTC Stocks in the Rapidly Burgeoning Cannabis Industry

The Bull in Advantage Network presents the following list of medical marijuana-related penny stocks. Industrial hemp, medicinal cannabis, and similar fields continue to grasp our attention as some states have legalized the substance, while still others engage in serious political consideration of the matter. Conservative estimates place a value of $40 Billion a year on the industry, and the following stocks represent some of the companies at the forefront of this growing trend: X-Change Corp (The) (OTCQB:XCHC), Medbox, Inc. (OTCPINK:MDBX), GreenGro Technologies, Inc. (OTCPINK:GRNH), Hemp, Inc. (OTCPINK:HEMP), & Transbyte Corp. (OTCPINK:ERBB).

 

X-Change Corp (The) (OTCQB:XCHC) is a boutique company whose niche is extract-based cosmeceutical and nutraceutical solutions through its Phytiva brand product line, recently acquired from Cannabis Science, Inc. On Friday, the company announced that it plans to roll out the Phytiva product line to China and Southeast Asia.

Medbox, Inc. (OTCPINK:MDBX) in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide. The company will offer its consulting services to states that are considering changing existing marijuana laws, as outlined in a Jan. 24th press release.

GreenGro Technologies, Inc. (OTCPINK:GRNH) provides green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. Its customers include restaurants, community gardens, small and large scale commercial clients.

Hemp, Inc. (OTCPINK:HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Last week the company announced its second spinoff, YourBev Structured Water and Functional Beverage Company, Inc.

Transbyte Corp. (OTCPINK:ERBB) is a driving force behind Altitude Organic Corporation. The Altitude Organic Corporation announced today that it has exclusively partnered with Native-American owned U-Mate International Inc. to develop a specialized product line formulated specifically for the cannabis industry.

 

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