Investor support for the marijuana industry is gaining speed, but you still have an opportunity to get out ahead of the crowd.

That’s because most people think of the marijuana industry as being centered on traditional marijuana, or “flower,” use.

But there’s another type of marijuana consumption that you should know about: extractions.

Extracted products are used to provide alternatives to simply smoking marijuana, like edibles and concentrates.

According to Leafly, marijuana “flower” sales still dominate the market, but extracts make up the fastest-growing segment of the cannabis industry.

In some markets, the share of flower sales has declined to 50%, with derivatives making up the balance.

That means now is the time to invest in cannabis-extraction companies if you want to enjoy the first-mover advantage.

We’ve put together a list of three industry leaders in the cannabis-extraction space. Take a look…

Cannabis-Extraction Company No. 1: Radient Technologies Inc. (OTCMKTS: RDDTF)

Radient Technologies – an experienced food-extraction company – only recently became involved with cannabis, but it is already making moves to become a leader in the space.

The company’s signature MAP technology can be used to effectively extract cannabidiol (CBD) from industrial hemp – something that is well on its way to becoming fully legal in its home country of Canada.

Radient also has a strategic relationship with Aurora Cannabis Inc. (OTCMKTS: ACBFF) – one of our favorite marijuana industry investments and a part of Money Morning Director of Technology & Venture Capital Research Michael Robinson’s model pot stock portfolio since 2016.

The terms of the recent partnership dictate that Radient will supply processing services to Aurora for the production of extracts from material supplied by the company, which includes both cannabis and hemp.

This gives Radient a constant revenue stream and a valuable ally in the marijuana space.

“This agreement will enable us, in the very near future, to dramatically accelerate the production of high-margin cannabis derivatives under favorable terms,” said Terry Booth, CEO of Aurora Cannabis, on Nov. 6. “The market for non-smoked derivative cannabis products is growing at a remarkable pace, and through this agreement we have a cost-effective and scalable means to help meet this demand – particularly once we begin harvests in the first half of 2018 at our 100,000+ kg per annum Aurora Sky production facility.”

Numbers like that will practically ensure Radient’s continued growth for years to come, and its partnership with one of the largest marijuana players provides a reliability that can be hard to find in the cannabis sector.

Cannabis-Extraction Company No. 2: Quadron Cannatech Corp. (OTCMKTS: QUDCF)

Quadron Cannatech is involved in almost every aspect of the marijuana-extraction process.

Quadron provides automated extraction and processing solutions, ancillary equipment, products, and services for the Canadian cannabis industry.

The company also sells vape pens, capsules, and other cannabis-extraction consumption products directly to consumers.

Its management team is comprised of myriad lawyers, financiers, and chemists – all with decades of experience in international markets.

The Canadian government is expected to legalize all cannabis use in July 2018, and Quadron is primed to take full advantage.

The next company is positioned to profit from more than just the Canadian marijuana market, and it’s moving fast. In the past month alone, it’s up over 65%. Check it out…

Cannabis-Extraction Company No. 3: CannaRoyalty Corp. (OTCMKTS: CNNRF)

CannaRoyalty Corp. is not just an extraction company. It also deals in research, testing, branding, and distribution.

CannaRoyalty makes the majority of its profits from royalties on products such as vape pens and cartridges. And now, it’s established a large stake in what is predicted to be a $20 billion market:

California.

The company just announced the acquisition of Kaya Management, a leading manufacturer of high-quality vape pens in the recently legalized state of California.

Most importantly, the company has contracts in both Canada and the United States – making it the perfect way to profit from both booming marijuana industries.

Make Millions Thanks to California’s Cannabis Explosion

$20.2 billion… that’s the amount of money expected to pour into California’s cannabis market in just the first year the state goes fully legal.

The savvy investors who know how to get in on the ground floor could see a small stake turn into a million-dollar windfall.

We’ve narrowed down the pool to three tiny California cannabis companies expected to deliver once-in-a-lifetime fortunes. But once these small stocks go from $1, to $10, to $20, or more… you may never see a chance like this again.

— Casey Wilson

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Source: Money Morning