Below are some companies I follow. These companies have laid claim to be in the marijuana industry. However, I have not been able to find any definitive proof that these companies grow, harvest or process cannabis, nor do they have a physical product I could go purchase today.
At best they have pipelines and plans to enter the industry and should be listed with “Other” Pot Stocks. However, I feel that they deserve honorable mention as I have either made gains flipping their shares and/or am interested to see if they live up to their claims of becoming a marijuana companies.
Disclosure: I currently own shares of these securities.
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OWCP – OWC Pharmaceutical Research Corp.
Though headquartered in Israel, OWCP is registered out of Delaware. While products appear to be developed for use where cannabis is legal, no products are currently available. However, Israel has been and continues to be at the forefront of scientific research related to marijuana. It was an Israeli who discovered endocannabinoids. Disclosure: I currently own shares of this security.
PURA – Puration, Inc.
Puration, Inc. Is a cannabis extraction company. No products currently offered. However, CBD water (EverX CBD Infused Water) will make it’s debut at the Annual Arnold Sports Festival this year in March (2017).