Best Value Marijuana Stocks on the Nasdaq
| Price ($) | Market Capitalization (Market Cap) ($B) | 12-Month Trailing P/S Ratio | |
| GrowGeneration Corp. ( GRWG) | 4.97 | 0.3 | 0.7 |
| Aurora Cannabis Inc. ( ACB) | 2.74 | 0.6 | 3.1 |
| Tilray Brands Inc. ( TLRY) | 4.49 | 2.2 | 3.1 |
- Aurora Cannabis Inc. (NASDAQ:ACB) ...
- Canopy Growth Corporation (NASDAQ:CGC) ...
- Innovative Industrial Properties, Inc. ...
- Curaleaf Holdings Inc. ...
- Cronos Group, Inc.
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. ...
How to pick the best marijuana stocks?
Veteran cannabis investors use a variety of approaches to designating their best picks in the market. As such, several investors were hesitant to offer up specific stock picks. Instead, most touched on their most influential metrics, as well as some leading those data points at the current moment.
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. ...
See more
What are the best stocks to invest in right now?
Top 10 Stocks To Buy Right NowApple Inc. (NASDAQ: AAPL)Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL)Palo Alto Networks, Inc. (NASDAQ: PANW)Shopify Inc. (NYSE: SHOP)Advanced Micro Devices, Inc. (NASDAQ: AMD)Netflix, Inc. (NASDAQ: NFLX)The Walt Disney Company (NYSE: DIS)CrowdStrike Holdings, Inc. (NASDAQ: CRWD)More items...•
Is CGC a good stock to buy?
CGC stock has a Composite Rating of 4 out of a best-possible 99, according to MarketSmith. Investor's Business Daily research shows the biggest stock winners typically have Composite Ratings in the 90s.
Will canopy growth stock go up?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Canopy Growth Corp have a median target of 3.32, with a high estimate of 10.09 and a low estimate of 1.99. The median estimate represents a +48.43% increase from the last price of 2.24.
Is CGC a buy or a sell?
Today CGC ranks #14483 as sell candidate.
Who owns CGC stock?
Largest shareholders include Vanguard Group Inc, MJ - ETFMG Alternative Harvest ETF, Etf Managers Group, Llc, D. E. Shaw & Co., Inc., Two Sigma Investments, Lp, VGTSX - Vanguard Total International Stock Index Fund Investor Shares, Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel ...
Is Canopy Growth in trouble?
Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.
What is the future for Canopy Growth?
Canopy Growth Corp. CGC had a small drop in revenue from its fiscal year 2021 to 2022, at a time when cannabis sales were solid around the world. However, moving into 2023, projections show revenue hitting $471.7 million — a 10.7% increase from 2022.
Is Tilray a good buy?
The Composite Rating of TLRY stock stands at 27, according to MarketSmith chart analysis. IBD research says investors should focus on stocks with Composite Ratings of 90 or higher. Analysts expect Tilray to lose money through this fiscal year, which concluded around the end of May.
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.
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.
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 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.
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 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.
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 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.
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.
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.
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.
Trulieve Cannabis
The easiest way to see green in the cannabis space is to buy the most nominally profitable pot stock: Trulieve Cannabis (OTC: TCNNF).
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 (NASDAQ: GRWG).
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 (OTC: PLNH.F) fits that description well.
Jushi Holdings
Another small-cap pot stock with serious potential in 2022 is MSO Jushi Holdings (OTC: JUSHF).
Cresco Labs
The fifth and final best marijuana stock to buy in 2022 is MSO Cresco Labs (OTC: CRLBF).
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
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 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.
Is marijuana going to grow in 2022?
The growth of Colorado’s medical marijuana and recreational marijuana is projected to more than double by 2022. Market experts differ regarding projections for growth in the marijuana market as well as which are the best stocks to buy in the marijuana niche. The one thing they all agree on is that the marijuana market is a multi-billion dollar ...
How many publicly traded companies are there in the cannabis industry?
There are now more than 50 publicly-traded companies operating in the cannabis industry. Most of these companies aren't directly growing and selling marijuana themselves, but they do stand to benefit greatly as more states legalize the sale and possession of marijuana.
Is marijuana a penny stock?
They know that some "marijuana stocks" are just empty shell companies that deserve to be penny stocks, but they also recognize there are some legitimate and growing companies that truly stand to benefit from the green rush. As a group, they have added 10 different cannabis stocks to their watchlists and are actively investing in them.
