what is the best medical marijuana stock to buy

• Amyris Inc. ( AMRS ). ...
• Cara Therapeutics ( CARA ). ...
• Cronos Group ( CRON ). ...
• GrowGeneration Corp ( GRWG ). ...
• AdvisorShares Pure US Cannabis ETF (MSOS). ...
• Amplify Seymour Cannabis ETF (CNBS). ...
• ETFMG Alternative Harvest ETF (MJ). ...
• Global X Cannabis ETF (POTX). ...
• Altria Group Inc. ...
• Constellation Brands, Inc. ...

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Full Answer

What are the top 5 marijuana stocks?

Leading the cannabis consumer packaged segment in the US is Green Thumb Industries Inc. As it stands this MSO is known as one of the top-performing US cannabis companies and continues to expand its footprint in key markets across the nation. Currently, GTI has 56 retail locations across 11 states and has recently opened new stores in prime markets.

What are the best marijuana stocks to invest in?

• High Tide Inc.: High Tide is a Canada-based cannabis retailer. ...
• Village Farms International Inc.: Village Farms International is a Canada-based agricultural producer. ...
• Acreage Holdings Inc.: Acreage Holdings owns a portfolio of cannabis brands. ...

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How to find the best marijuana stocks?

The coronavirus pandemic brought chaos to most other industries, but did the opposite for the marijuana industry. Cannabis sales skyrocketed in the pandemic after the drug was deemed an "essential" product during lockdown. Sales are still on the rise this ...

What is the best cannabis stock to buy?

• Amyris Inc. ( AMRS ). ...
• Cara Therapeutics ( CARA ). ...
• Cronos Group ( CRON ). ...
• GrowGeneration Corp ( GRWG ). ...
• AdvisorShares Pure US Cannabis ETF (MSOS). ...
• Amplify Seymour Cannabis ETF (CNBS). ...
• ETFMG Alternative Harvest ETF (MJ). ...
• Global X Cannabis ETF (POTX). ...
• Altria Group Inc. ...
• Constellation Brands, Inc. ...

More items...

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How much is legal marijuana in 2020?

According to data from Leafly, an online marijuana marketplace, legal U.S. cannabis sales—medicinal and recreational—increased 71% in 2020, to a total of $18.3 billion. To help you choose the best cannabis investments, we take a closer look at 14 stocks and funds, as well as a few less dank offerings it’s perhaps better to avoid.

What is Amyris' market cap?

With a $3.5 billion market cap, Amyris most recent quarterly results posted quarter-over-quarter sales figures up 96%.

Key Points

Global cannabis sales should double by 2026 to $62.1 billion, with the U.S. accounting for most of this growth.

OTC: TCNNF

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These pot stocks will have investors seeing green in the new year

For many investors, the new year brings new opportunities to find attractive stocks in high-growth industries. Among all the industries to choose from, there may not be a better blend of growth and value at the moment than cannabis stocks, specifically those in the United States.

Trulieve Cannabis

The easiest way to see green in the cannabis space is to buy the most nominally profitable pot stock: Trulieve Cannabis ( TCNNF -0.56% ).

GrowGeneration

Ancillary cannabis plays haven't fared nearly as well as I or other pundits would have expected. But one that looks ripe for the picking in 2022 is GrowGeneration ( GRWG 8.04% ).

Planet 13 Holdings

The best marijuana stocks to buy in 2022 are those that provide a competitive advantage and differentiation. Small-cap MSO Planet 13 Holdings ( PLNH.F 9.30% ) fits that description well.

Jushi Holdings

Another small-cap pot stock with serious potential in 2022 is MSO Jushi Holdings ( JUSHF 3.35% ).

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 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.

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.

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.

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 Trulieve Cannabis?

2. Trulieve Cannabis. Trulieve Cannabis ( OTC:TCNNF) is a cannabis grower and retailer that focuses primarily on the Florida medical marijuana market.

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.

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 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.

Is Hawthorne a hydroponics company?

The company’s Hawthorne Gardening subsidiary ranks as a leading supplier of hydroponic gardening products to the cannabis industry. Although Hawthorne is the primary growth driver for Scotts, the company still makes well over half of its total revenue from sales of its consumer lawn and garden products.

How much will the marijuana market grow in 2022?

Some advisors, including Matt Karnes from GreenWave, estimate the compound annual growth rate for the marijuana sector to be pushing 35% by the year 2022.

What is AMMJ stock?

AMMJ Stock – American Cannabis Company Inc. is a consulting firm that provides an all-in-one shop for the budding entrepreneur. They have multiple years experience in helping marijuana companies grow from the ground up. On top of the setup phase marijuana companies go through, American Cannabis also provides marketing, branding, and staffing solutions for their customers.

What is Auxly cannabis?

CBWTF Stock – Auxly Cannabis Group, was a cannabis royalty company provides growers with up-front capital to expand their capacity in exchange for a percentage of their yield at a well-below-market rate. However, with the declining price of marijuana due to the legalization of recreational weed, Auxly had to evolve to stay alive in the industry. Therefore, on top of the royalty streams established, they have expanded into wholly-owned grow farms (which is expected to produce 170,000 kilograms of cannabis in 2019 and 2020), value-added services and products, and downstream retail-focused operations.

How much did MMNFF raise?

The company raised $38 million from Captor Capital in February 2018 and then another $110 million through a reverse takeover, for a total post-money valuation of $1.65 billion. With over $150 million of growth capital raised to date, MMNFF has a lot of institutional horsepower behind it.

How many Cannex dispensaries are there?

which operates in 4 states on the Eastern side of the United States. 4Front currently has 5 dispensaries and plans to open 5 more in the first half of 2019.

How many states have legalized medical marijuana?

8 states have legalized the use of recreational medical marijuana while 28 states have legalized the use of medical marijuana. The change of opinion by the general public regarding marijuana and the level of social acceptability has also created a profit opportunity. It is difficult to argue with the growth rate of MJ stocks over the last few years.

Do marijuana companies qualify for tax deductions?

This is a bit of a piggy back on the last negative item here. Due to the fact that these marijuana companies are selling an illegal product in the eyes of the federal government they no longer qualify for the standard tax deductions that businesses who do not sell drugs qualify for.

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.

When will marijuana be legalized in New York?

The state of New York legalized the use of recreational cannabis, alongside expanding its medicinal use and decriminalizing the possession of smaller amounts of the drug on March 31st, 2021.

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.

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 is CGC worth in 2021?

By the end of the first quarter of 2021, 12 hedge funds out of the 866 tracked by Insider Monkey held stakes in Canopy Growth Corporation (NASDAQ: CGC) worth roughly $157 million . This is compared to 19 hedge fund holders in the previous quarter with stakes worth roughly $133 million.

Cronos (CRON)

Like most major cannabis plays, shares of Cronos (NASDAQ: CRON) have declined this year. CRON stock has dropped more than 30% in 2019.

Aurora Cannabis (ACB)

Like CRON stock, Aurora Cannabis (NYSE: ACB) has fallen sharply this year, losing 44% in 2019.