Are There Any Marijuana Stocks To Buy In 2015?

DISTRICT OF COLUMBIA:  Perhaps nothing caught the eyes of speculative investors more than marijuana stocks in 2014, but just because marijuana stocks put up significant returns last year doesn’t mean that they can do it again in 2015. We asked our Motley Fool contributors to share their thoughts on whether there are any marijuana stocks investors might want to buy this year. Read on to learn what they think.

Todd Campbell: Most marijuana-related stocks offer more promise than they do profit, but Insys Therapeutics  (NASDAQ: INSY  )  is an exception.

Insys is developing a slate of therapies based on the marijuana cannabinoid CBD, but it’s already got a fast-growing, top-selling pain medication on the market that’s throwing off shareholder-friendly profits. That drug is Subsys, a fentanyl-based opiate that’s prescribed to treat breakthrough cancer pain. Sales of the drug jumped 105% year over year in the third quarter to $58.2 million, which led Insys to report adjusted EPS of $0.63. Thanks to Subsys, Insys is debt free, with the financial firepower necessary to advance its marijuana therapies through trials. The company expects to launch CBD trials in both Dravet Syndrome and Lennox-Gastaut Syndrome patients early this year, but it’s also been awarded orphan drug designation to study CBD in glioma, a tumor of the brain or nervous system; glioblastoma multiforme, the most common and most aggressive malignant primary brain tumor in humans; and pediatric schizophrenia. Although Insys’ research into CBD is at a very early stage, it should also soon be refiling its application for FDA approval of oral dronabinol, a new formulation of the long-standing marijuana-based chemotherapy drug Marinol. With one top seller already, another possibly coming soon, and a slate of intriguing CBD drugs in its pipeline, Insys is a stock investors may want to own.