what is the best cannabis stock for 2021

Best Marijuana Stocks of 2021

Ticker	Company Name	Price	% Change	Recent News
ACB	Aurora Cannabis Inc	12.48	-13.75	Aurora Cannabis Stock Is Worthy of a Sma ...
CGC	Canopy Growth Corp	40.63	-0.06	Canopy Growth Still Holds the Same Poten ...
CRON	Cronos Group Inc	12.40	2.06	4 Marijuana Stocks Looking to Make Inroa ...
CURLF	Curaleaf Holdings Inc	16.97	1.57	7 Marijuana Stocks Ready To Surge Again

Apr 5 2022

Full Answer

What are the top 10 cannabis stocks?

10 rows · Feb 12, 2021 · 2. How to Buy Marijuana Penny Stocks. Some of the highest-potential marijuana stocks are ...

What are the best cannabis stocks to invest in?

Jul 19, 2021 · Top Cannabis Stocks for 2021 This year’s top cannabis stocks target both the medical and recreational markets. Below are seven stocks with strong growth potential. Curaleaf (CURLF) As the cannabis...

What are the top marijuana stocks?

Jul 21, 2021 · High Tide Inc. ( NASDAQ: HITI) Innovative Industrial Properties Inc. ( NYSE: IIPR) Canopy Growth Corporation ( NASDAQ: CGC) GrowGeneration Corporation ( NASDAQ: GRWG)

What is the best cannabis stock?

Dec 07, 2020 · The best cannabis stocks for 2021 Aurora Cannabis. Cresco Labs. GW Pharmaceuticals. Curaleaf. Aphria.

What is the top cannabis stock to buy?

Top Marijuana Stocks To Watch TodayCanopy Growth Corporation (NASDAQ: CGC)Aurora Cannabis Inc. ( NASDAQ: ACB)Tilray Brands Inc. ( NASDAQ: TLRY)GrowGeneration Corporation (NASDAQ: GRWG)High Tide Inc. ( NASDAQ: HITI)Mar 25, 2022

What are the best upcoming cannabis stocks?

Seven best weed stocks to buy for 2022:OrganiGram Holdings Inc. (OGI)Cresco Labs Inc. (CRLBF)Curaleaf Holdings Inc. (CURLF)Green Thumb Industries Inc. (GTBIF)Trulieve Cannabis Corp. (TCNNF)TerrAscend Corp. (TRSSF)Village Farms International Inc. (VFF)Feb 22, 2022

What is the best stock to buy right now?

Top 10 Stocks To Buy Right NowPalo Alto Networks, Inc. (NASDAQ: PANW)Shopify Inc. (NYSE: SHOP)PayPal Holdings, Inc. (NASDAQ: PYPL)Netflix, Inc. (NASDAQ: NFLX)Upstart Holdings, Inc. (NASDAQ: UPST)CrowdStrike Holdings, Inc. (NASDAQ: CRWD)Airbnb, Inc. (NASDAQ: ABNB)Roku, Inc. (NASDAQ: ROKU)More items...•6 days ago

The Legal Status of Cannabis in the United States

In 2012, Colorado became the first state to legalize marijuana for recreational use. Since then, 18 other states, along with Washington, D.C., and Guam, have legalized weed even as it remained illegal at the federal level.

Top Cannabis Stocks for 2021

This year’s top cannabis stocks target both the medical and recreational markets. Below are seven stocks with strong growth potential.

Curaleaf (CURLF)

As the cannabis industry’s biggest U.S. multistate operator, Massachusetts-based Curaleaf has the scale to ride out occasional market ups and downs. Its stock price has been comparatively steady this year, trading in a fairly narrow range of $13 to $18 a share.

Green Thumb Industries (GTBIF)

This Chicago-based company owns and operates 55 cannabis retail stores in the U.S. It offers cannabis flower as well as processed and packaged products under brands that include Rythm, Dogwalkers, The Feel Collection, Incredibles, Dr. Solomon’s and Beboe.

Trulieve Cannabis (TRUL)

Trulieve is a cannabis grower and retailer that mainly targets the Florida medical marijuana market. It accounts for nearly half of total cannabis sales in the Sunshine State and has delivered steady profits in the last few years, The Motley Fool reported.

Ayr Wellness (AYRWF)

Based in New York, Ayr Wellness cultivates, extracts, manufactures, distributes and retails cannabis products and branded cannabis packaged goods. Its lineup includes concentrates, edibles and vaporizer products.

Innovative Industrial Properties (IIPR)

As cannabis stocks go, Innovative Industrial Properties occupies pretty high ground on Wall Street. It trades on the New York Stock Exchange and boasts a stock price close to $200.

What is canopy growth?

Canopy Growth Corporation. The Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada. The company is a global diversified cannabis and cannabinoid-based consumer product company. The company leverages consumer insights and innovation and it offers a wide variety of products.

What is high tide in Canada?

High Tide Inc. High Tide is a leading marijuana company that operates across Canada, Europe, and the U.S. Its portfolio companies include a dominant Canadian cannabis retail chain, a global manufacturer, and a distributor of cutting-edge smoking accessories.

How much is cannabis in 2021?

Its cash costs are also low at $0.87 per gram of dried cannabis, and they've fallen for four consecutive quarters.

When will marijuana be legalized?

Marijuana legalization is back on center stage after the U.S. House of Representatives passed the MORE (Marijuana Opportunity Reinvestment and Expungement) Act, decriminalizing marijuana at the federal level. In November 2020, more U.S. states decriminalized marijuana, triggering a rally in cannabis stocks.

What is GW Pharmaceuticals?

GW Pharmaceuticals, a medical cannabis company, develops cannabis-derived prescription medicines with CBD-based Epidiolex, both in-house and using third-party facilities. The company is a global leader in its space, and although it has been reporting losses, they have been narrowing.

Is Cresco a cannabis company?

Cresco, one of the largest integrated cannabis companies, has operations in several states. In 2020, its acquisition of Origin House gave it a footprint in California, the largest cannabis market in the U.S.

Is Curaleaf a good stock to buy?

Curaleaf Holdings could be a good cannabis stock to buy for 2021. Curaleaf produces both medicinal and recreational marijuana products. In the third quarter of 2020, its total revenue increased 195 percent year-over-year and 55 percent sequentially. Curaleaf could be among the biggest benefactors from the decriminalization ...

Who is Zhiyuan Sun?

Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Fool since April 2020.

How many stores does Green Thumb have?

Green Thumb Industries. With over 56 stores located across 10 states, there is seemingly no end to Green Thumb Industries ' ( OTC:GTBIF) expansion efforts. The company opened 11 dispensaries last year and grew its sales by a stunning 157% from 2019 to $556.6 million.

Does Florida allow medical marijuana?

Right now, Florida only allows medical marijuana purchases. The company has a total of 75 dispensaries, with a vast majority of them in the Sunshine State. Last year, its sales went up 106% to $521.5 million. At the same time, Trulieve's net income surged by 19% from 2019 to $63 million.

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.

Where is Planet 13 located?

26 It also trades in the U.S. under the ticker PLNHF. The company's latest superstore, located in Orange County, California, will have its grand opening on July 1, 2021. 27.

What is momentum investing?

Momentum investing is a factor-based investing strategy in which you invest in a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks which have outperformed the market will often continue to do so, because the factors that caused them to outperform will not suddenly disappear. In addition, other investors, seeking to benefit from the stock's outperformance, will often purchase the stock, further bidding its price higher and pushing the stock higher still. These are the stocks that had the highest total return over the last 12 months.

What is a terrascend?

TerrAscend Corp.: TerrAscend is a Canada-based integrated cannabis company offering a range of products, brands, and services for the global medical- and adult-use cannabis markets.

How much is CBD worth in 2021?

According to the Brightfield Group, the global CBD-Hemp market will be worth $22 billion by 2022.

What is New Age beverage?

New Age is one of the largest beverage companies in the world. It aims to be a market leader in this segment and has many healthy beverages besides the Marley Line. These include Búcha Live Kombucha, XingTea, Coco-Libre, TeMana, and others. New Age is constantly on the lookout for new strategic growth opportunities for its wellness-oriented ...

What is hexo brewing?

He xo (NYSE: HEXO) is a big name in Canadian cannabis industry and has over 1.3 million sq. ft. of facilities in Ontario and Quebec. In 2018, the hemp stock announced a joint-venture with a subsidiary of Molson Coors Brewing Company to develop non-alcoholic, cannabis-infused beverages. The joint venture is called Truss in which Molson Coors has ...

What is a tilray?

Tilray (NASDAQ: TLRY), one of the most renowned names in the research, production, and distribution of cannabinoids and cannabis, is set to make it big in the CBD-infused beverage market. The company has partnered with Anheuser-Busch InBev, the single largest brewer globally, to produce non-alcoholic, cannabis-infused beverages. Tilray has also revamped its leadership team with those who have previous experience in top beverage companies.

What is Trulieve cannabis?

Trulieve Cannabis is another one of the cannabis stocks that will have you wishing you could go back in time. Back during the company’s March lows, TCNNF stock was trading hands around the $6 mark. Looking at the price now, you can clearly see the incredible profitability speculators have enjoyed here.

How much is Curaleaf's revenue in 2020?

Impressively, in 2020, Curaleaf also generated revenue of $626.6 million, up almost 184% from the prior year. Better yet, the company maintains excellent momentum, posting top-line sales of $260.3 million in the first quarter of 2021. That was up 170% year-over-year (YOY) as well as 13% sequentially from Q4 2020.

How many dispensaries does Curaleaf have?

This company’s 23-state footprint translates into “96 dispensaries, 23 cultivation sites and more than 30 processing sites.”. Impressively, in 2020, Curaleaf also generated revenue of $626.6 million, up almost 184% from the prior year.

Which country was the first to legalize marijuana?

For instance, Canada was the first G7 nation to legalize marijuana for adult recreational use. Theoretically, this should have sparked a mini-economic renaissance, with “weedpreneuers” coming out of hiding to participate in a legitimate commercial enterprise.

How much did Trulieve make in 2018?

In 2018, Trulieve brought in $10.9 million of net income, which increased to $53.1 million and then $63 million in 2019 and 2020, respectively. As such, you should keep this one in your pocket. Its management seems to be more fiscally responsible than most others in this space.

How many states does Cresco have?

Another one of the major MSOs in the arena of cannabis stocks, Cresco Labs features a sizable footprint in the U.S. market. This includes coverage in 10 states, with 18 production facilities, 44 retail licenses and 32 owned dispensaries.

Is cannabis a good investment?

On paper, cannabis stocks represent an incredibly viable investment opportunity, primarily because the marijuana industry practically didn’t exist before. Sure, people have grown and sold weed for a long time, but they’ve done so illicitly. Now with favorable social sentiment and political winds, though, legalization has gained momentum, turning the much-maligned plant into a taxable revenue stream.