Full Answer
Which marijuana stocks are listed on the NASDAQ?
Some of the Nasdaq-listed marijuana companies include Aphria Inc. ( APHA) and OrganiGram Holdings Inc. ( OGI ). 1 2 Many of these companies have managed to maintain revenue growth in spite of the COVID-19 pandemic. Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF ( MJ ), have significantly outperformed the broader market.
How to invest in legal cannabis stocks?
Do the necessary research to understand the different types of legal cannabis products on the market. Keep an eye for marijuana stocks that pay dividends, but don’t let dividends be the only deciding factor. Investors who wish to minimize their risks may find it preferable to avoid investing in individual marijuana stocks.
Is investing in the marijuana industry worth the risk?
However, due to the constantly shifting regulatory nature of the marijuana industry, investing in marijuana does come with an extra layer of risk. Diversification is always important, but in such a constantly changing, high-risk environment, it’s especially important.
Is Scotts Miracle-Gro a cannabis stock to buy?
While not a pure cannabis play, this analyst-favorite stock is having a heyday with a one-year return of almost 15% and a dividend yield of 1.5%. • Scotts Miracle-Gro Co. ( SMG ). Where does a company best known for plant fertilizers come into the cannabis mix? If you can make backyard plants grow, odds are you can make cannabis grow.
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 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.
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.
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.
What are the marijuana stocks on the Nasdaq?
( OGI ). 1 2 Many of these companies have managed to maintain revenue growth in spite of the COVID-19 pandemic. Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF ( MJ ), have outperformed the broader market.
What is the P/S ratio for marijuana?
A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The P/S ratio shows how much you're paying for the stock for each dollar of sales generated.
How much will marijuana sales be in 2022?
In the United States alone, sales of legal marijuana are projected to reach 23.4 billion in revenue by 2022. The growth of the marijuana industry and continued legalization is not limited to the United States. Cannabis laws are changing all over the world. In 2013, Uruguay legalized weed.
Which companies pay the most dividends on marijuana?
Three companies that have recently paid some of the highest dividends in the marijuana industry are Altria Growth, Molson Coors Brewing, and Scotts Miracle-Gro.
Is marijuana a good investment?
The marijuana industry has a lot of potential to be a good investment, but that does not mean that the same is true for any and every marijuana stock. Make sure you do your homework and learn about the industry and the company prior to investing. Cannabis stocks do carry extra risk.
Is there a medical marijuana stock?
Many companies fall under the umbrella of medical cannabis stocks. There is medical marijuana for legal smoking, but there are also a growing number of FDA approved drugs that use marijuana or substances found in marijuana. The FDA approved a drug called Epidiolex in 2018 that treats rare forms of epilepsy.
Can I invest in marijuana stocks?
Instead, investors may choose to invest in a mutual fund that, in turn, invests in many different marijuana stocks. Since marijuana stocks carry additional risk, they should not be the sole investment in your portfolio or even a large part of your portfolio.
Should I invest in OTC stocks?
If you choose to invest in OTC marijuana stocks, you should use extra caution and do an appropriate amount of research prior to investing. OTC stocks have an added layer of risk. Unlike companies listed on major stock exchanges, OTC stocks don’t have to meet certain requirements.
Is it hard to predict the future of marijuana?
Cannabis stocks do carry extra risk. While there’s no way to predict the future of any investment, predicting the marijuana industry is especially difficult. First, there are the changing laws. This makes it incredibly difficult to predict the future legal status of marijuana.