what is the best marijuana stock to invest in 2021

The Best Marijuana Stocks to Buy in 2021

• Green Thumb Industries. First up is vertically integrated multistate operator (MSO) Green Thumb Industries ( OTC:GTBIF). ...
• Jushi Holdings. The marijuana stock with the highest potential upside in 2021 might be small-cap MSO Jushi Holdings ( OTC:JUSHF).
• GrowGeneration. Don't forget the ancillary players. ...
• Cresco Labs. Last but not least, U.S. ...

Full Answer

What are the top 5 marijuana stocks?

Aug 29, 2021 · Top Cannabis Stock for 2021 #2: HEXO Corp. Next on our list of the top 5 cannabis stocks for 2021 is HEXO Corp. (NASDAQ: HEXO) which is an award-winning licensed producer of innovative products for the global cannabis market. HEXO serves the Canadian recreational market with a brand portfolio including HEXO, UP Cannabis, Original Stash, Bake Sale, …

What are the most popular marijuana stocks?

5 rows · Mar 31, 2022 · The dividend represents an approximately 17% increase over the Q4 2021 dividend of $1.50. The ...

What are the best cannabis stocks to buy?

10 rows · Feb 12, 2021 · 4 Marijuana Stocks for the Cannabis Comeback: GTBIF: Green Thumb Industries Inc 36.63 2.32 ...

What is the Best Marijuana stock?

Jul 21, 2021 · [Read More] Best Stocks To Invest In 2021? 4 E-Commerce Stocks To Know Canopy Growth Corporation The Canopy Growth Corporation is a cannabis company that is based in Ontario, Canada.

What are the best marijuana stocks 2021?

Best marijuana stocks in 2022Green Thumb Industries. Green Thumb Industries (OTC:GTBIF)owns retail cannabis stores in 12 states across the U.S. and operates 13 manufacturing facilities. ... Trulieve Cannabis. ... Innovative Industrial Properties. ... GrowGeneration. ... Scotts Miracle-Gro. ... Jazz Pharmaceuticals.

What is the best medical marijuana to invest in?

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

Can I invest in the marijuana market?

For example, investors can purchase shares of stock in companies in the Legal Marijuana industry. Exchange-traded funds (ETFs) are a basket of investments bundled into a fund that's traded on an exchange like the Nasdaq or NYSE.

Is Sundial growers a good investment?

Is Sundial a good buy heading into 2022? Sundial Growers is your typical high-risk, high-reward investment. If all goes well next year, it's possible shares of Sundial could double in value.Dec 18, 2021

Is Sundial growers a buy?

During the day the stock fluctuated 5.94% from a day low at $0.52 to a day high of $0.55....Predicted Opening Price for Sundial Growers Inc. of Tuesday, April 19, 2022.Fair opening price April 19, 2022Current price$0.54$0.54 (Undervalued)

Should I buy HEXO stock?

During the day the stock fluctuated 4.59% from a day low at $0.52 to a day high of $0.55. The price has fallen in 9 of the last 10 days and is down by -28.84% for this period....Predicted Opening Price for HEXO Corp. of Monday, April 11, 2022.Fair opening price April 11, 2022Current price$0.53$0.53 (Undervalued)

How can I buy stock in Curaleaf?

Our stock can be purchased by contacting a registered stock broker or through an online stock brokerage service for self-directed investors.

These top pot stocks should be ready to take off this year

Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights

1. Cresco Labs

Cresco Labs ( OTC:CRLBF) delivered a strong performance in 2020 with its shares soaring 44%. That wasn't nearly as impressive as several of its peers, though. I look for Cresco to crank it up this year.

2. Innovative Industrial Properties

To be honest, I hesitated before including Innovative Industrial Properties ( NYSE:IIPR) on this list. Why? If legislation passes to make traditional banking services more readily available to U.S. cannabis companies, it could spur more competition for IIP.

3. GrowGeneration

I could have easily included pretty much any of Cresco's peers on this list. Instead, I went with arguably the most attractive ancillary cannabis stock -- GrowGeneration ( NASDAQ:GRWG).

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 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.

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.

How many states have legalized marijuana?

Apart from New York, 18 other states, 2 territories, and the District of Columbia in the US have also legalized the use of marijuana to a certain extent, with Alaska and Arizona being among the 18 legalizers.

How much will the marijuana market be in 2025?

According to data from New Frontier, the legalized marijuana market was due to double to $41.5 billion by 2025. The Bloomberg Intelligence's Global Cannabis Competitive Peers Index gained 33% after the recent pro-marijuana policies, right after the 45% increase in the fourth quarter of 2020.

How much is Sundial Growers worth in 2021?

(NASDAQ: SNDL) worth roughly $18.8 million. This is compared to 2 hedge fund holders in the previous quarter with stakes worth roughly $2.72 million.

When did Cresco acquire Origin House?

The company's acquisition of Origin House in January 2020 allowed it to place pot products into more than 575 dispensaries in California, the largest marijuana market in the world. Cresco has a good shot to hit recurring profitability in 2021, followed by $1 billion in annual sales in 2022. Image source: Getty Images.

What is the largest pot stock in the world?

As has been the case for years, Canadian licensed producer Canopy Growth ( NASDAQ:CGC) is the largest pot stock in the world -- although it's lost its large-cap status. Canopy's mammoth cash pile, courtesy of multiple direct and indirect equity investments from spirits giant Constellation Brands, has been primarily responsible for buoying the company's valuation. On an operating basis, former Constellation CFO and now Canopy CEO David Klein has been working overtime to cut costs. Despite leading the industry in market cap, there's still a lot of work to be done to get this company anywhere near recurring profitability.

How many states have legalized medical marijuana?

In Canada, the opening of new dispensaries is easing some of the early stage bottlenecks that plagued the pot industry. Meanwhile, in the U.S., a total of 36 states have now given the green light to medical marijuana, 15 of which also allow for adult-use consumption and/or retail sale.

Who is the CEO of Canopy?

On an operating basis, former Constellation CFO and now Canopy CEO David Klein has been working overtime to cut costs. Despite leading the industry in market cap, there's still a lot of work to be done to get this company anywhere near recurring profitability. 2. Curaleaf Holdings: $7.92 billion.

Is Trulieve a profitable stock?

Whereas IIP is the most profitable marijuana stock on a per- share basis, MSO Trulieve Cannabis ( OTC:TCNNF) is the most nominally profitable pot stock. Trulieve's growth is the result of its laser focus on Florida's medical marijuana market. It ended 2020 with 75 operational dispensaries nationwide, 70 of which are in the Sunshine State. Trulieve's statewide saturation has helped the company effectively build up its brand without spending big on marketing, and has allowed it to capture roughly half of the Sunshine State's medical weed market share.

What is the sixth largest pot stock?

Even though its management team dislikes being lumped in with marijuana stocks, cannabinoid-focused drug developer GW Pharmaceuticals ( NASDAQ:GWPH) will slide in as the sixth-largest pot stock. GW Pharmaceuticals' claim to fame is cannabidiol-based drug Epidiolex, which is approved to treat two rare forms of childhood-onset epilepsy, and had its label expanded in 2020 to also include tuberous sclerosis complex. This year, Wall Street will be looking for the company to turn the corner to recurring profitability on the heels of a 43% increase in year-over-year sales.

How many dispensaries does Green Thumb have?

It has 50 operational dispensaries, but holds enough licenses to open 96 retail locations in 12 states. Green Thumb's success can be attributed to its market selectivity and the fact that two-thirds of its sales are generated from derivatives (edibles, vapes, infused beverages, concentrates, and topicals).

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The Rest: SPACs and More

Are there other ways to invest in cannabis? Sure. However, the rewards might fail to outweigh the risks with these options.

The Bottom Line on Cannabis Stocks

Depending on your personal preference and portfolio needs, there are a wide variety of ways to test cannabis-related holdings in your portfolio. With all emerging industries, investors should be aware of the risks and have an asset allocation and diversification strategy to help absorb inevitable sector volatility.