what cannabis stock should i buy

12 Marijuana Stocks to Buy Now

• 1 - Canopy Growth ( TSE:WEED)
• 2 - Innovative Industrial Properties ( NYSE:IIPR)
• 3 - Unrivaled Brands ( OTCMKTS:TRTC)
• 4 - Cannabis Science ( OTCMKTS:CBIS)
• 5 - 22nd Century Group ( NASDAQ:XXII)
• 6 - OrganiGram ( TSE:OGI)
• 7 - KushCo ( OTCMKTS:KSHB)
• 8 - Medical Marijuana ( OTCMKTS:MJNA)
• 9 - GrowGeneration ( NASDAQ:GRWG)

Full Answer

What are the best cannabis stocks to invest in?

Apr 08, 2022 · These seven marijuana stocks are primed for bargain hunters: Green Thumb Industries Inc. (GTBIF) Ayr Wellness Inc. (AYRWF) Curaleaf Holdings Inc. (CURLF) Trulieve Cannabis Corp. (TCNNF) Cresco ...

What are the top 5 marijuana stocks?

5 rows · Apr 21, 2022 · Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF ( MJ ), have dramatically ...

What is the Best Marijuana stock?

Jan 18, 2022 · Cannabis stocks performed dismally overall in 2021 due to several factors. Some cannabis stocks still offer opportunities for investors, though. Attractively-valued U.S. cannabis stocks and strong ...

What are the top 10 cannabis companies?

Sep 17, 2021 · 7. Widely Available Marijuana ETFs and Mutual Funds. Of course, investing directly in individual pot stocks is a risky proposition. Many cannabis-curious investors prefer to hedge their bets and invest in cannabis ETFs (and, to a lesser extent, cannabis mutual funds) instead.

Is it smart to invest in medical Marijuanas?

Is Tilray a good buy now?

Is Cronos a good buy 2021?

Is CBD stock a good investment?

Is TLRY a hold or sell?

Should I sell my Tilray stock?

Should I sell CRON stock?

Should you invest in CRON?

What is the future of CRON stock?

Is Charlotte's Web stock a good buy?

What companies produce CBD oil?

Is there money in CBD?

Who owns cannabis stores?

1. Green Thumb Industries. Green Thumb Industries ( OTC:GTBIF) owns retail cannabis stores in 12 states across the U.S. and operates 13 manufacturing facilities. Green Thumb holds licenses for 96 retail cannabis locations but has opened only a little over half that many stores.

How old do you have to be to buy marijuana?

Recreational cannabis users purchase marijuana or cannabis extracts purely for enjoyment and must be age 18 and older and living in a jurisdiction where recreational use of the plant is legal. Geography matters: Medical cannabis is legal in many more countries than recreational cannabis.

What is an ancillary marijuana business?

Ancillary marijuana businesses provide products and services to cannabis companies without touching the plant. Cannabis can be medical or recreational: Medical cannabis patients use cannabis or cannabis extracts to treat health conditions and have recommendations or cannabis prescriptions from physicians.

What are the different types of marijuana?

The marijuana industry is divided into three broad categories: Marijuana growers and retailers cultivate and package cannabis products and sell them to consumers. Biotechnology companies develop and market cannabis-based pharmaceutical drugs.

What is hydroponics used for?

cannabis industry has created fast-growing demand for hydroponics supplies, which are used to grow plants in liquid nutrient solutions without soil and for organic gardening. While much of GrowGeneration’s business caters to cannabis growers, the company also sells to other types of gardeners.

When will Illinois legalize marijuana?

With the legal recreational marijuana market in Illinois opening for business at the beginning of 2020, this company is benefiting from tremendous growth in its home state. Along with the opportunity to expand into additional states such as New York and New Jersey, the company has significant growth potential.

Does GrowGeneration sell cannabis?

While much of GrowGeneration’s business caters to cannabis growers, the company also sells to other types of gardeners. GrowGeneration has benefitted from the COVID-19 pandemic due to the surge in customers pursuing organic gardening at home.

Why is it important to invest in commodities?

Investing in commodities can provide important diversification for your portfolio.

What is GTBIF in cannabis?

Green Thumb Industries (GTBIF) Green Thumb, a Vancouver and Chicago-based national cannabis consumer packaged goods company and retailer, reported revenue of $194.4 million in the first quarter, an increase of 90% year over year and its fifth consecutive quarter of positive cash flow from operations of $39.7 million.

How many dispensaries does Curaleaf have?

In the United States, the company operates 108 dispensaries in 23 states, 22 cultivation sites and more than 30 processing sites. Curaleaf's second-quarter revenue marked growth of 166% year on year. But the company ended up reporting a loss because of higher stock-based compensation and one-time charges related to the acquisition of Europe's largest vertically integrated cannabis company, as well as earnings dilution from the consolidation of that acquisition. Despite the company's strong position in the legal marijuana market, its shares were down 15% this year as of Monday's close.

Where is Curaleaf cannabis located?

Curaleaf, a Wakefield, Massachusetts-based cannabis company, operates in 23 states with 106 dispensaries, 23 cultivation sites and 30 processing sites. The company reported a first-quarter revenue increase of 170% from last year and adjusted earnings before interest, taxes, depreciation and amortization that was up 213% from last year. The company is "now cementing its leading status in terms of top-line growth," says Seymour, adding that 2022 should be "impressive since there is no question the 23-state footprint is starting to deliver on operational leverage." Curaleaf is adding cultivation in Colorado and planning to double its footprint by 2022, but keeping an eye on being fiscally prudent. "A lot of cannabis stocks held their 200-day moving average in the downdraft of March and April and are now challenging the 50-day moving average," Seymour says. "The charts and sector look like they are ready to run. The volume has been very light in the industry and may be about to change."

What are the biggest companies in the marijuana industry?

Some of the biggest companies in the marijuana industry include Canopy Growth Corp. ( CGC ), Cronos Group Inc. ( CRON ), and Tilray Inc. ( TLRY ). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth.

What is marijuana industry?

The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal, and other uses.

What is hexo cannabis?

HEXO Corp.: HEXO is a Canada-based consumer-packaged goods cannabis company offering recreational and medical products to serve the global cannabis market. The company's recreational brands for the Canadian adult-use market include HEXO, HEXO Plus, Up, Original Stash, and Bake Sale. It serves the medical market under its HEXO medical cannabis brand. 7 HEXO's stock also trades in the U.S. on the Nasdaq under the ticker HEXO. On Oct. 18, the company announced the departure of co-founder and Chief Executive Officer ( CEO) Sebastien St-Louis in a major shakeup of the executive ranks. The company said that a special HEXO board committee was negotiating with a preferred CEO candidate and planned to make an announcement soon. The company also announced the resignation of Chief Operating Officer ( COO ), Donald Courtney, who will remain as COO until a replacement is found. 8

What is Hydrofarm Holdings?

Hydrofarm Holdings Group Inc.: Hydrofarm Holdings Group is a holding company that, through its subsidiaries, makes and distributes hydroponic products to customers throughout the U.S. and Canada. The company offers hundreds of brands. 9 It has a total of eight distribution centers, offering a product line of more than 5,000 items. 10 Hydrofarm announced in early August that it acquired Greenstar Plant Products Inc., a Canada-based nutrient company, for approximately $83 million. Greenstar manufactures the Grotek and Gaia Green brands, and is Hydrofarm's latest acquisition of a plant nutrient manufacturer. In July, the company acquired Aurora Innovations Inc., Aurora International Inc., and Gotham Properties LLC, which are collectively called Aurora. 11

What is high tide cannabis?

High Tide Inc.: High Tide is a Canada-based company engaged in the manufacture and retail of cannabis accessories. 2 The company operates a cannabis retail chain in Canada, three accessories e-commerce platforms, and also is a global manufacturer and distributor of consumption accessories. 3 Its brands include Canna Cabana, Meta Cannabis, NewLeaf Cannabis, Grasscity, Smoke Cartel, Daily High Club, DankStop, CBDcity, FAB CBD, Valiant Distribution, and Famous Brandz. High Tide's online platforms had nearly 100 million site visits in 2020. 4 The company's stock also trades in the U.S. on the Nasdaq under the ticker HITI. The company recently announced that it completed its acquisition of an 80% interest in Enigmaa Ltd., a U.K.-based cannabis company operating as Blessed CBD, for approximately 9.1 million pounds ($12.6 million). 5 High Tide has a three-year option to acquire the remaining 20% of Blessed CBD at any time. The transaction marked High Tide's fifth acquisition within the global e-commerce industry in 2021. 6

Who owns 100% of Balanced Health Botanicals?

Village Farms International Inc. " Village Farms International Acquires 100% of Balanced Health Botanicals, a Profitable Leader in the US CBD Category, Providing an Additional Pathway to High-THC Cannabis Market in the US ." Accessed Oct. 19, 2021.

How many distribution locations does Hydrofarm have?

The company has 6 distribution locations in the U.S., offering a product line of over 5,000 items. 13 Hydrofarm announced on June 17 that it had agreed to acquire Aurora, which includes Aurora Innovations, Inc., Aurora International, Inc, and Gotham Properties LLC.

NASDAQ: CGC

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Yes -- and no

Many cannabis stocks went to pot last year. Shares of the four biggest Canadian cannabis producers ended 2021 in negative territory. So did the stocks of the four biggest U.S. cannabis operators.

NASDAQ: CGC

The overall dismal performance could cause some investors to stay completely away from cannabis stocks. Others, though, might think there are some attractive opportunities to be found. Should you invest in cannabis stocks in 2022? Here's what you need to consider.

Understand the challenges

Expectations for cannabis stocks were high (no pun intended) as 2021 began. Several U.S. states voted to legalize either medical or recreational cannabis in the November 2020 elections.

Evaluate the opportunities

There are still opportunities with cannabis stocks, though. Canadian cannabis producers such as Canopy Growth ( CGC -1.16% ) and Sundial Growers probably won't be able to jump into the U.S. marijuana market nearly as quickly as many anticipated.

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How much will cannabis sales be in 2025?

In 2019, cannabis research firm New Frontier Data projected total legal sales of cannabis to approach $30 billion by 2025 in the 11 U.S. jurisdictions where the substance was legal at the time. That’s a 14% annualized growth rate.

How many people use cannabis?

Today, tens of millions of adults worldwide regularly use recreational or medicinal cannabis, and many more do so occasionally. New Frontier Data estimates about 38 million U.S. adults consume cannabis at least once annually. Nearly 60% of that cohort use the substance weekly.

How long has cannabis been around?

Recreational and medicinal users have enjoyed cannabis for millennia. Circumstantial evidence dates cannabis use back some 5,000 years, according to a 2017 study published in the journal Pharmacy and Therapeutics.

What states are legalizing marijuana?

In 2020, four additional states legalized cannabis for recreational use: New Jersey, Montana, South Dakota, and Arizona. The scale of the market opportunity is all the more remarkable in an industry that operated in defiance of the law until the 1990s when the first U.S. jurisdictions began regulating medical marijuana.

Where is recreational marijuana legal?

Outside North America, recreational marijuana is legal only in Uruguay and South Africa.

How many Americans are against legalizing marijuana?

In November 2019, a Pew survey found 67% of Americans were in favor of legalizing marijuana. Just 32% opposed legalization. That’s up from only 16% in favor and a whopping 81% opposed in 1989 at the height of the so-called war on drugs. 2.

When will marijuana be legalized?

The first rigorous study to look at the question, in 2018, predicted full federal legalization would most likely come sometime in the early 2020s, with a 70% likelihood of federal legalization by 2029, according to Marijuana Moment.

How much of your portfolio should be marijuana stocks?

Rather, diversification, a mix of different assets, is key to long-term investing success. A common rule of thumb is to dedicate no more than 10% of your portfolio to individual stocks and focus instead on low-cost index funds such as mutual funds or exchange-traded funds.

How much of your portfolio should be invested in individual stocks?

Rather, diversification, a mix of different assets, is key to long-term investing success. A common rule of thumb is to dedicate no more than 10% of your portfolio to individual stocks and focus instead on low-cost index funds such as mutual funds or exchange-traded funds.

How is the price of an ETF determined?

Just like any other stock or ETF, the price is determined by what’s called a bid-ask spread, or the difference between what buyers want to pay and what sellers are willing to accept. This price will be clearly outlined on the ordering page, where you’ll enter the number of shares you want to buy (or the dollar amount, depending on your brokerage).

What is the market cap of a company?

What’s the company's market cap? Market capitalization, or market cap, is how the stock market sizes up companies — the larger the market cap, generally, the more established the company, and the less likely it is that it will go out of business. The largest companies have market caps over $10 billion, while medium-sized companies have market caps between $2 billion and $10 billion. The smallest companies have market caps below $2 billion. These are known as large-, mid- and small-cap stocks, respectively.

Is marijuana a penny stock?

As a result, many marijuana stocks are very small, falling into the category of penny stocks, which is a risky arena for investors, especially beginners. Young companies are at higher risk of going out of business, their stocks can experience wide price swings, they may trade less frequently (making it harder to sell when the time comes) ...

Is indirect marijuana safe?

As such, they’re often lumped in with pure-play marijuana businesses, which operate solely in the marijuana industry. Those indirect cannabis companies could potentially be a safer alternative considering they’re more established, but if you’re trying to get in on the ground floor of a young marijuana company, these might not be for you.

Is marijuana legal in the financial services industry?

Not yet embraced by the financial services industry. Because marijuana is illegal federally, many banks are reluctant to touch this industry. As a result, some investment professionals, such as advisors or portfolio managers, won’t be able to recommend marijuana stocks to invest in. (To purchase them on your own, see our step-by-step guide for how to buy stocks.)

How to reduce risk in the marijuana market?

To reduce risk, you may want to invest in multiple companies in the border marijuana space — from growers to ancillary companies. Here are 15 of the largest cannabis-related companies, based on market cap:

Why is marijuana investment risky?

Publicly traded cannabis companies are still young and small, making for a more speculative investment opportunity. The Securities and Exchange Commission (SEC) has warned investors about potential fraud.

Why do people prefer to invest in ETFs?

Because of the inherent risks related to investing in individual stocks, some investors may prefer to invest in exchange-traded funds (ETFs). There are nine ETFs that invest across those three aforementioned categories of companies and are traded on the U.S. stock market:

Is marijuana publicly traded?

Overview of the marijuana industry. Even though the cannabis industry is growing, there are only a few dozen publicly-traded players. And because Canada legalized recreational marijuana in 2017, many pot stocks are headquartered there. In general, cannabis companies are broken down into the following categories:

Is cannabis a risk to investors?

Unlike bigger and more established industries, the cannabis industry still presents more risks to would-be investors. Many of these companies are small, foreign and aren’t traded on exchanges (rather, they’re traded via dealer networks, or what’s known as over-the-counter).

Is marijuana a risky investment?

There are a variety of reasons that explain why investing in marijuana stocks is risky. Publicly traded cannabis companies are still young and small, making for a more speculative investment opportunity. The Securities and Exchange Commission (SEC) has warned investors about potential fraud. Finally, even though marijuana is legal in a majority of U.S. states, it’s not yet legal at a federal level — and many banks won’t handle money for these companies, while some financial advisors are prohibited from offering investment advice about these stocks.

How to buy marijuana stocks?

The simplest way to purchase publicly traded marijuana stocks is to open a brokerage account. After you’ve established how much you can afford to spend, you’ll be ready to register and fund your account. In addition, whether it’s exchange-traded funds (ETFs) or stocks that you’re interested in, you’ll have a range of investment options to choose from.

What is the most common medical marijuana product?

Some of the most common medical marijuana products include cannabidiol (CBD) or tetrahydrocannabinol (THC).

How to grow your investment portfolio?

Tips for Growing Your Investments 1 If you need help improving your investment returns, consider getting a financial advisor . Finding a financial advisor is much easier with SmartAsset’s free matching tool. So if you’re ready to get paired with up to three advisors in your area, get started now. 2 Stocks are one of the riskier investment types, so it’s essential that you have some incoming knowledge prior to investing in them. In fact, go beyond just stocks to get a better idea of the investment market at large. As a starting point, check out SmartAsset’s guide to investment types. 3 Before you start investing, you will need to learn how to choose securities that suit your risk tolerance. You can determine your risk tolerance by evaluating your comfort level in certain investments.

How many states have legalized marijuana?

Marijuana generally falls into two different categories: medical and recreational. While medical cannabis is legal in 34 states, Washington, D.C., Guam, Puerto Rico and the U.S. Virgin Islands, recreational use is only legally permitted in 15 states and D.C.

What to consider when choosing a brokerage account?

When choosing a brokerage to open an account with, consider what features you find most important . For example, some brokerages specialize in simplified mobile/online trading, whereas others offer extensive stock market tools that you can use for analysis. Here are a few popular options to get you started:

How to improve your investment returns?

If you need help improving your investment returns, consider getting a financial advisor . Finding a financial advisor is much easier with SmartAsset’s free matching tool. So if you’re ready to get paired with up to three advisors in your area, get started now.

Is marijuana a new market?

Though the marijuana industry is a relatively new and upcoming market, it’s still wise to conduct thorough research before purchasing shares. You should also weigh the risks associated with investing and whether your current holdings can withstand a potentially volatile pursuit.

When will Mexico legalize marijuana?

Uruguay and Canada both legalized recreational marijuana use and Mexico is in line to make a federal move toward that step. On March 4, 2020, Mexico passed legislation to legalize cannabis in all forms, leaving lawmakers to vote on several key issues by mid-December 2020.

What is the point of contention in the debate over the legalization of marijuana?

A major point of contention in the debate over the legalization of marijuana is the question of taxes. Taxing marijuana sales stands to provide a tremendous economic boon for states where marijuana is legal. However, taxes mean an increase in the price of marijuana for the customer. If taxes are too high, or if the balance is not carefully ...

Is cannabis a crowded industry?

Investors who want to take part in the legal cannabis industry should keep in mind that the field is quite crowded. Hundreds of companies are vying for dominance in a global industry that is under development and still in its infancy. In all likelihood, only a few of these companies will ever grow into major market players. Many others will likely maintain small operations or even shutter under market pressure. Some stocks are safer bets than others, but it's incredibly difficult for the everyday investor to predict which companies will come out on top or bottom.

Is marijuana a volatile stock?

Marijuana stocks are incredibly volatile. Every investment should, therefore, be taken with extreme caution. Although there are reasons to hesitate when it comes to investing in the legal cannabis industry, many investors also see tremendous opportunities.