Below is a detailed list of pot stocks, marijuana stocks, and cannabis stocks. The legalization of medical marijuana has changed everything for marijuana stocks! With the legislative changes in the last several years, staying current with this sector is important.
There has been a lot of hype in the cannabis sector over the years. However, it’s important to realize that this sector is pumped and dumped a lot, and the fundamentals of many of these companies could be better.
We are not affiliated with nor endorse any of these companies, and nothing on this site constitutes a recommendation to buy or sell.
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Table of Contents
List of Pot, Marijuana and Cannabis Stocks
| Symbol | Name | Market Cap |
|---|---|---|
| GWPH | GW Pharmaceuticals plc | $6,778,799,142 |
| ARNA | Arena Pharmaceuticals Inc. | $4,982,017,948 |
| APHA | Aphria Inc. | $3,425,761,921 |
| SMG | The Scotts Miracle-Gro Company | $2,694,927,133 |
| CURA | Curaleaf Holdings Inc. | $2,666,017,319 |
| GTII | Green Thumb Industries Inc. | $1,834,384,515 |
| TRUL | Trulieve Cannabis Corp. | $1,209,034,144 |
| IIPR | Innovative Industrial Properties | $1,145,677,730 |
| ACB | Aurora Cannabis Inc. | $938,665,874 |
| CRON | Cronos Group Inc. | $853,466,062 |
| WEED | Canopy Growth Corporation | $803,386,956 |
| OGI | OrganiGram Holdings Inc. | $801,584,584 |
| HARV | Harvest Health & Recreation Inc. | $790,618,284 |
| IN | InMed Pharmaceuticals Inc. | $589,034,157 |
| LABS | MediPharm Labs Corp. | $534,340,079 |
| CL | Cresco Labs Inc. | $508,097,343 |
| HIP | Newstrike Brands Ltd. | $499,042,658 |
| CARA | Cara Therapeutics Inc. | $498,526,098 |
| LHS | Liberty Health Sciences Inc. | $402,546,174 |
| VGW | Valens Groworks Corp. | $379,245,179 |
| NTEC | Intec Pharma Ltd. | $329,697,720 |
| OH | Origin House | $328,022,555 |
| VFF | Village Farms International Inc. | $315,183,563 |
| TER | TerrAscend Corp. | $289,325,269 |
| CLIQ | Alcanna Inc. | $264,356,185 |
| HEXO | HEXO Corp. | $261,659,080 |
| ZENA | Zenabis Global Inc. | $256,879,937 |
| CAPD | CannaPowder Inc. | $248,429,599 |
| GRWG | GrowGeneration Corp. | $235,894,011 |
| TLRY | Tilray Inc. | $218,329,488 |
| ACRG | Acreage Holdings Inc. | $213,235,561 |
| XLY | Auxly Cannabis Group Inc. | $195,499,590 |
| IAN | iAnthus Capital Holdings Inc. | $165,415,798 |
| NEPT | Neptune Wellness Solutions Inc. | $138,763,656 |
| EPIC | Leviathan Cannabis Group Inc. | $138,476,571 |
| PLTH | Planet 13 Holdings Inc. | $134,859,701 |
| ALEF | Aleafia Health Inc. | $126,583,268 |
| XXII | 22nd Century Group Inc. | $116,867,460 |
| ROMJ | Rubicon Organics Inc. | $113,316,433 |
| NLB | NewLeaf Brands Inc. | $109,651,358 |
| VIVO | VIVO Cannabis Inc. | $102,678,456 |
| CURR | CURE Pharmaceutical Holding Corp. | $96,251,497 |
| CAN | Cann Group Limited | $93,612,375 |
| TRST | CannTrust Holdings Inc. | $90,521,121 |
| MBII | Marrone Bio Innovations Inc. | $89,688,341 |
| KSHB | KushCo Holdings Inc. | $88,046,699 |
| FIRE | The Supreme Cannabis Company | $87,978,406 |
| RKS | Rockshield Capital Corp. | $85,170,898 |
| MJNA | Medical Marijuana Inc. | $79,194,039 |
| MDCL | Medicine Man Technologies Inc. | $73,381,888 |
| NINE | Delta 9 Cannabis Inc. | $69,240,142 |
| GTEC | GTEC Holdings Ltd. | $66,544,745 |
| GLH | Golden Leaf Holdings Ltd. | $58,197,375 |
| CVSI | CV Sciences Inc. | $57,236,865 |
| NGW | Next Green Wave Holdings Inc. | $56,236,990 |
| INLB | Item 9 Labs Corp. | $55,717,537 |
| ICAN | Integrated Cannabis Company Inc. | $52,659,291 |
| HERTF | Heritage Cannabis Holdings Corp. | $50,924,687 |
| MYM | MYM Nutraceuticals Inc. | $41,164,696 |
| AXIM | AXIM Biotechnologies Inc. | $39,326,873 |
| TGOD | The Green Organic Dutchman | $39,072,205 |
| MRMD | MariMed Inc. | $38,796,350 |
| N | Namaste Technologies Inc. | $36,568,593 |
| HITI | High Tide Inc. | $35,624,399 |
| AC8 | AusCann Group Holdings Ltd | $34,703,531 |
| TBP | Tetra Bio-Pharma Inc. | $33,819,634 |
| CNBX | Cannabics Pharmaceuticals Inc. | $32,892,087 |
| LIHT | Liht Cannabis Corp. | $32,661,095 |
| EMH | Emerald Health Therapeutics Inc. | $32,334,415 |
| HEMP | Hempco Food and Fiber Inc. | $32,057,053 |
| BUDZ | WEED Inc. | $31,875,580 |
| ATT | Abattis Bioceuticals Corp. | $30,602,399 |
| HUGE | FSD Pharma Inc. | $29,555,283 |
| ZLD | Zelda Therapeutics Limited | $29,239,728 |
| EMBI | Emerald Bioscience Inc. | $28,855,220 |
| EXL | Elixinol Global Limited | $28,300,102 |
| VIR | Viridium Pacific Group Ltd. | $27,843,613 |
| BLO | Cannabix Technologies Inc. | $27,379,757 |
| PYX | Pyxus International Inc. | $26,682,411 |
| BLIS | BlissCo Cannabis Corp. | $26,561,203 |
| LXRP | Lexaria Bioscience Corp. | $26,392,356 |
| WMD | WeedMD Inc. | $25,556,643 |
| CANN | General Cannabis Corp | $23,409,459 |
| SHRC | Sharc International Systems Inc. | $22,924,440 |
| MCIG | mCig Inc. | $22,661,237 |
| TRTC | Terra Tech Corp. | $22,176,197 |
| NUGS | Cannabis Strategic Ventures | $22,075,312 |
| CWEB | Charlotte's Web Holdings Inc. | $21,428,645 |
| HC | High Hampton Holdings Corp. | $20,510,467 |
| GRIN | Grown Rogue International Inc. | $18,237,681 |
| MMJ | MMJ Group Holdings Limited | $17,518,916 |
| DIXI | Dixie Brands Inc. | $16,845,066 |
| BUZZ | Aura Health Inc. | $16,373,500 |
| PLUS | Plus Products Inc. | $15,935,379 |
| CBDS | Cannabis Sativa Inc. | $15,905,301 |
| CPTR | Captor Capital Corp. | $15,332,289 |
| CDVA | CordovaCann Corp. | $15,172,315 |
| HLIX | Helix TCS Inc. | $14,889,654 |
| WRLD | ICC International Cannabis Corp. | $14,122,119 |
| EEVVF | Eve & Co Incorporated | $13,241,889 |
| ZYNE | Zynerba Pharmaceuticals Inc | $12,666,113 |
| IGC | India Globalization Capital Inc. | $12,331,510 |
| HS | HealthSpace Data Systems Ltd. | $11,958,177 |
| CGRW | CannaGrow Holdings, Inc | $11,627,219 |
| LDS | Lifestyle Delivery Systems Inc | $10,576,153 |
| PVOT | Pivot Pharmaceuticals Inc. | $10,468,565 |
| PREV | PreveCeutical Medical Inc. | $9,877,174 |
| MTEC | Cannvas MedTech Inc. | $9,378,606 |
| NRTH | 48North Cannabis Corp. | $9,260,717 |
| EPW | Empower Clinics Inc. | $8,753,974 |
| NDEV | Novus Acquisition & Development Corp. | $8,095,999 |
| GBLX | GB Sciences Inc. | $8,022,850 |
| TNY | The Tinley Beverage Company Inc. | $7,794,058 |
| CLSH | CLS Holdings USA Inc. | $7,591,284 |
| MMEN | MedMen Enterprises Inc. | $7,385,699 |
| CRBP | Corbus Pharmaceuticals Holdings Inc. | $7,163,396 |
| PURA | Puration Inc. | $7,160,119 |
| BAMM | Body and Mind Inc. | $7,111,007 |
| SRNA | Surna Inc. | $7,035,297 |
| CPH | Creso Pharma Limited | $6,926,469 |
| NDVA | Indiva Limited | $6,741,445 |
| NBEV | New Age Beverages Corporation | $6,683,196 |
| RGI | Roto-Gro International Limited | $6,617,448 |
| PHOT | GrowLife Inc. | $6,499,671 |
| SOL | SOL Global Investments Corp. | $6,429,047 |
| YCBD | cbdMD Inc. | $6,375,681 |
| CGOC | Cannabis Growth Opportunity Corporation | $6,047,435 |
| QCA | QUINSAM CAP CORP | $5,775,546 |
| LIB | Liberty Leaf Holdings Ltd. | $5,631,822 |
| KAYS | Kaya Holdings Inc. | $5,625,114 |
| AUSA | Australis Capital Inc. | $5,557,011 |
| SPR | Sproutly Canada Inc. | $5,488,580 |
| CANB | Canbiola Inc. | $5,423,379 |
| CP1 | CannPal Animal Therapeutics Limited | $5,275,490 |
| STEM | Stem Holdings Inc. | $5,092,626 |
| CSI | Chemesis International Inc. | $4,980,473 |
| APPB | Applied Biosciences Corp. | $4,888,147 |
| GENE | Invictus MD Strategies Corp. | $4,722,947 |
| TGIF | 1933 Industries Inc. | $4,656,365 |
| EAT | Nutritional High International Inc. | $4,629,420 |
| KHRN | Khiron Life Sciences Corp. | $4,624,689 |
| SNN | Sunniva Inc. | $4,460,997 |
| MWM | Micron Waste Technologies Inc. | $4,403,752 |
| HEMP | Hemp Inc. | $4,297,954 |
| GGB | Green Growth Brands | $4,132,116 |
| HVT | Harvest One Cannabis Inc. | $3,911,202 |
| VIDA | Phivida Holdings Inc. | $3,809,503 |
| VP | Vodis Pharmaceuticals Inc. | $3,705,080 |
| FFT | Future Farm Technologies Inc. | $3,621,664 |
| MMJ | Matica Enterprises Inc. | $3,431,401 |
| JUJU | International Cannabrands Inc. | $3,429,733 |
| PURE | Pure Global Cannabis Inc. | $3,371,153 |
| ISOL | Isodiol International Inc. | $3,263,263 |
| BEER | Hill Street Beverage Company Inc. | $3,076,783 |
| THC | THC BIOMED INTL LT | $3,024,919 |
| KBEV | Koios Beverage Corp. | $2,826,118 |
| CROP | Crop Infrastructure Corp. | $2,030,728 |
| MSRT | MassRoots Inc. | $1,925,532 |
| CNAB | United Cannabis Corporation | $1,874,572 |
| EVIO | EVIO Inc. | $1,782,849 |
| CHOO | Choom Holdings Inc. | $1,723,275 |
| FONE | Flower One Holdings Inc. | $1,700,050 |
| DPWW | Diego Pellicer Worldwide Inc. | $1,680,198 |
| JWCA | James E. Wagner Cultivation Corporation | $1,666,472 |
| FLWR | The Flowr Corporation | $1,666,096 |
| POT | WEEKEND UNLMTD INC | $1,630,083 |
| ETST | Earth Science Tech Inc. | $1,384,278 |
| TRPX | Therapix Biosciences Ltd. | $1,086,955 |
| VCAN | Ventura Cannabis and Wellness Corp. | $984,960 |
| RTI | Radient Technologies Inc. | $979,964 |
| MJAR | MJardin Group Inc. | $973,356 |
| BIO | Biome Grow Inc. | $823,676 |
| AGRA | AgraFlora Organics International Inc. | $794,294 |
| RQB | Ravenquest Biomed Inc. | $666,837 |
| PILL | Canntab Therapeutics Limited | $392,480 |
| DYME | DionyMed Brands Inc. | $389,741 |
| MJ | True Leaf Brands Inc. | $387,934 |
| CHM | Chemistree Technology Inc. | $371,002 |
| CNNX | Cannex Capital Holdings Inc. | $0 |
| CBDD | CBD of Denver Inc. | $0 |
| INSY | INSYS Therapeutics Inc. | $0 |
| GRNH | GreenGro Technologies Inc. | $0 |
Pot Stocks ETFs List
- AdvisorShares Pure U.S. Cannabis ETF (NYSEMKT: MSOS)
- ETFMG Alternative Harvest ETF (NYSEMKT: MJ)
- ETFMG U.S. Alternative Harvest ETF (NYSEMKT: MJUS)
- Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF)
- AdvisorShares Pure Cannabis ETF (NYSEMKT: YOLO)
- Global X Cannabis ETF (NASDAQ: POTX)
- Amplify Seymour Cannabis ETF (NYSEMKT: CNBS)
- The Cannabis ETF (NYSEMKT: THCX)
- Cambria Cannabis ETF (NYSEMKT: TOKE)
Investing and Trading Cannabis Stocks
Are you looking for cannabis stocks to trade? Every year, it seems to be that marijuana is going to become fully legal. As a result, pot stocks fly. The stock markets have thousands of wonderful companies and millions of amazing stocks to invest in or trade. People have made millions through this marvelous creation. However, to get to a level where you can earn great profits requires knowledge, skill, and determination.
To master the art of investing and trading, one has to have the passion and determination to learn and gain knowledge. While there are various sectors in the financial markets like banking, automobile, pharmaceutical, and many more, one such trending and hot sector nowadays is the Cannabis sector.
With recent developments and legalization, the cannabis industry is booming, and so are its stocks. So, in this article, we’ll explore the cannabis industry in detail. Then, it provides the essential knowledge any investor or trader should have about the cannabis industry and its stocks.
Price-to-Sales Ratio (P/S)
You’re also probably wondering how to determine the value of a company’s stock. We use the price-to-sales ratio (P/S) to value a stock, which compares a company’s stock price to its revenues. First, it indicates the value placed on each dollar of a company’s sales or revenues.
Secondly, it’s a valuation tool that tells you how much investors are willing to pay per dollar of sales for a stock. To calculate the P/S ratio, we divide the stock price by the company’s sales per share. What results is either a low ratio or a high ratio? A low ratio could mean the stock is undervalued. Alternatively, a higher-than-average ratio could indicate that the stock is overvalued.
Criteria
The cannabis industry is full of high-risk, growth stocks, most not even making money. You will find several stocks listed on both the U.S. and Canadian exchanges. Remember that most cannabis companies are scrappy growth stocks with small market caps with very real downside risk. However, we’ve decided to narrow down the stocks to those that have had positive growth along with the following criteria:
- Market cap over $75 million.
- Revenue above $50 million for 2022.
- Three years of positive and growing revenues.
- When compiling the list, a price-to-sales ratio of less than 2.50.
- Tangible exposure to or investment in the cannabis industry.
List of Cannabis Stocks
| Symbol | Name |
|---|---|
| TCNNF | Trulieve Cannabis Corp. |
| GWPH | GW Pharmaceuticals |
| IIPR | Innovative Industrial Properties |
| GRWG | Grow Generation |
| GTBIF | Green Thumb Industries |
| CRLBF | Cresco Labs |
1. GW Pharmaceuticals (GWPH)
GW Pharmaceuticals is a cannabis-focused biotech company with a remarkable journey. Their drug ‘Epidiolex’ became the first drug made from cannabis, which was to be approved by the U.S. Food and Drug Administration.
Their primary focus is the medical marijuana market. They aim to create drugs infused with the healing properties of cannabis to cure many ailments.
This company has shown steady and powerful growth with several cannabis-based clinical trials and developments in progress, which makes its stock a worthy buy.
2. Innovative Industrial Properties (IIPR)
Innovative Industrial Properties is a company that has a unique and interesting strategy. It involves acquiring medical-use cannabis facilities from the U.S. medical cannabis operators. And then leasing said properties.
This company has seen huge growth and created a steady revenue stream through its operations. This stock is one of the top cannabis stocks n investors should look for.
They had phenomenal growth showcased, even during the Covid pandemic. Therefore, this company is worth observing.
3. Grow Generation (GRWG)
There’s an ever-growing market of supplies for growing plants without soil. Instead, they use liquid nutrient solutions. As a result, it’s seen huge growth and is in demand.
Grow Generation has captured this sector with its superior products. Grow Generation is the largest retail chain that primarily caters to this market.
They provide innovative solutions to cannabis growers. This has led to a huge surge in customers, driving the company’s profits up. Therefore, this stock is one to keep an eye out for.
4. Green Thumb Industries (GTBIF)
Green Thumb Industries is a company primarily a force in the recreational marijuana sector and has been capturing the market with a remarkable presence.
They’re based in Illinois and have over twelve stores across the U.S. On top of that, they manage and run thirteen manufacturing facilities.
They reported revenue of $119.6 million in the second quarter,, an increase of over 167% over last year. As a result, this company is on the rise despite the current scenario. This stock is a good choice for investors and their portfolios.
Is Tilray (TLRY) Stock a Good Buy?
Is Tilray (TLRY) stock a good buy? As of 12/16/23, the price is at 23.6% of Fibonacci. If support holds, there’s room to increase to the 61.89% level at $2.78. Price has several resistance levels to break through. Could you keep an eye on the charts throughout the election year 2024?
Pot Stocks Industry
Cannabis has been present in our society for decades. But with recent legalization and developments in rules and regulations, cannabis has emerged and become a multi-billion-dollar industry. With its roots embedded deep within sectors such as health care, pharmaceuticals, agriculture, and recreational goods, it’s on the rise. The companies involved with cannabis are booming. And so are their share prices. Recently, pot stocks have been on the rise with great bullish moves when observed in a longer time frame.
This industry is developing and evolving with time because of the ongoing debates and rule changes with legalization. And with public support, the use of medical and recreational marijuana has seen a huge growth spurt.
According to data, the global cannabis market was estimated to be worth around fourteen billion dollars. It continues to grow with each passing day.
Pot Stocks Popularity
With the recent rise in this sector and tremendous growth potential, cannabis stocks have grabbed the attention of investors and traders, providing attractive and profitable opportunities.
A lot of companies are getting onto the CBD hype train. CBD oil stocks are on the rise as a result.
With a huge trend evolving in the cannabis sector, investors and companies have all been thrilled to grab opportunities in the financial world of cannabis.
With companies reaching billion-dollar valuations, this sector is booming. There are two different types of cannabis companies, however. One which is involved with medical marijuana, and the other who are involved with recreational marijuana. Both these sectors have huge companies.
As a result, their stocks are providing attractive opportunities. So, let’s understand the difference between these cannabis stocks.
Medical Pot Stocks
As the name suggests, these companies have applications in the medical cannabis field. They’re involved in research and development to treat and cure certain health problems.
Those problems can be cured or helped by cannabis. With doctors acknowledging the benefits of cannabis and actively prescribing it, the sector of medical cannabis is one with tremendous growth potential and an optimistic future.
Although medical marijuana was legalized before recreational marijuana, the recreational marijuana sector caters to a very large and vast range of audience.
With thousands of cannabis users, this sector has a never-ending demand. The companies involved with recreational marijuana primarily create products that have THC.
This is a psychoactive agent that’s responsible for the high that users obtain from using cannabis. So, these companies produce products like marijuana-infused cigarettes, edibles, and even THC beer to coffee.
Performance and Results
While certain states still need to legalize the use of cannabis, the majority of places now actively allow the use of recreational cannabis. Thus providing great growth potential.
With various successful cannabis companies actively dealing in the market, there are thousands of cannabis stocks. But a few superior and top companies have shown remarkable performance and results.
This has led to the creation of some amazing cannabis stocks. As a result, we posted some of the top cannabis stocks above. Let’s take a deeper look at these companies.
Trulieve Cannabis Corp is an excellent company that investors should plan on holding for the long run. Their primary focus is on the Florida medical cannabis market.
As a result, they dominate roughly fifty percent of the sales in the entire state. With consistent growth in earnings and profits, Trulieve Cannabis Corp has reported a revenue of $216.9 million for the first two quarters of 2020.
With superior management and a perfect development strategy, this company is on the rise. It could be one to keep an eye on. Especially if you’re looking to grow a small account.
Trading a Pot Stocks List
You can buy pot stocks through a stockbroker, just like most securities. That includes those listed on the major exchanges and elsewhere, like OTC markets. However, investors need to take caution. There is another way to buy penny stocks, and that is through the over-the-counter or OTC market. Players in this market include the pink sheet and the Over-the-Counter Bulletin Board companies.
Unfortunately for investors, but perhaps fortunately for company owners, pink-sheet listed companies are private and have next to no oversight or regulation. So, choosing to go this route is risky. Alternatively, OTC companies follow more stringent roles as NASDAQ owns and operates them.
Above is a penny pot stock list of some of the most popular marijuana stocks. It’s important to note that the prices will change due to market conditions. Be sure to get accurate quotes from your broker. Also, please trade the charts. Don’t trade stocks based on anyone’s recommendations. Do your research first. Make sure the fundamentals of any penny stock company are sound. You don’t want to be a bag holder.
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Cannabis ETFs
With the legalization of cannabis, the growth in this sector is happening at a rapid pace. Companies are racing to achieve better results and get their roots deep into the recreational or medicinal system. With the rise in the cannabis sector, it opens a new door for investments and growth. Exchange-traded funds have seen a huge rise in recent years.
And it was only a matter of time before cannabis entered this sector. This is a new concept and its creation results from the phenomenal growth in the cannabis sector.
Marijuana ETFs are similar to regular ETFs. And just like any other ETF, it’s a basket of stocks related to the cannabis industry. This is a relatively new concept.
As a result, it’ll take time for investors and traders to involve it in their financial portfolios. However, marijuana ETFs have good future potential.
Which could be huge in the future. Marijuana ETFs do face certain setbacks and challenges with the regulatory authorities. However, it’s time before they are accepted and involved in the financial markets.
Legalization of Marijuana in the US
Very few countries allow their citizens and foreigners to purchase recreational cannabis as well as medical cannabis. Canada is the only example with no limitations on both levels.
Imagine alcohol was only available in corner shops in one country. The world would go mad, back to cannabis. Many countries decriminalize cannabis and allow its medical use. What does that mean?
You can smoke, but be discreet about it. Mexico is making big changes regarding marijuana use. Currently, a permit is necessary for consumption, possession, and cultivation. If Mexico decides to legalize cannabis, it would be a big step forward in the cartel war. What about in the US?
In the US, marijuana is legal in 19 states, two territories, and DC. In 12 other states and one territory, it is decriminalized. Federally, it remains illegal. When producers want to transport their products from state to state, they can only cross state borders where cannabis is legal.
Furthermore, every state has its laws regarding its use. Furthermore, cannabis companies aren’t allowed to open bank accounts. They must hold their money safely and pay their employees cash. It is also very difficult to obtain a loan or line of credit from major financial institutions in the US.
Unfortunately, politics in the US are run by senior citizens with little to no knowledge of current issues, business opportunities, and care for their constituents. The Secure and Fair Enforcement Banking Act (SAFE) is a perfect example of political failure in the US.
SMG Stock Rover Report
US Cannabis Stocks Legalization
Over the last few years, the laws around cannabis and its use have been changing. It seems that legalization is happening at a fast pace.
While certain positive things are moving in favor of the cannabis industry, it must overcome certain challenges and setbacks.
These are hurdles for the growth of this sector. So, an investor or trader should be cautious and aware of the challenges that the cannabis sector faces.
The House representatives approved the SAFE Banking Act SIX TIMES in the US. Unfortunately, Representatives get no support in the Senate or from the President due to left-right political nonsense.
The previous vote even had bipartisan support. What else do they need? SAFE Banking Act is an important step toward legalization. It would allow companies to transact legally across the country and to up-list to the NYSE and NASDAQ instead of trading in the OTC markets.
Cannabis investors have been living in a delusional world of hope. Every week, online forums track political and economic movements in this industry. Unfortunately, they are currently drowning in a sea of red.
Many investors truly believe in the cannabis industry. It was once deemed a once-in-a-lifetime opportunity for investors. Today, the majority of investors have lost hope. If you are among them, don’t lose hope. Many companies are trading well below their target prices and realistic market value.
Pot Stocks Watchlist
Truelieve’s home state of Florida is its strongest asset, with over 100 locations. Across the US, the company has 165 retail locations across 11 states. Despite a net loss in 2021, YoY revenue growth is an impressive 64%. The loss was due to the acquisition of fellow competitor Harvest Health & Recreation. This acquisition solidified Truelieve’s sales in Arizona, Maryland, and Pennsylvania. Growth in 2022 is expected to surpass $1B in sales, making it one of the leaders in the cannabis industry. Many industry analysts see over a 300% upside. This number will undoubtedly increase once the US legalizes cannabis federally.
Green Thumb Industries (OTCMKTS: GTBIF)
Green Thumb Industries is last on our list of US cannabis stocks. The company has been profitable for seven consecutive quarters, but its margins remain short of industry expectations. GTI operates on a smaller scale than its competitors. The company has only 77 dispensaries across 15 states. It still has room to grow, and its stock is heavily undervalued.
Innovative Industrial Properties Inc (NYSE: IIPR)
If you’re looking for a way to invest in real estate and cannabis simultaneously, Innovative Industrial Properties is your answer. The company acts as a REIT for cannabis companies. It buys properties and then rents them to licensed companies for 15 to 20-year leases. IIPR works with top-tier cannabis producers and is expanding by purchasing more buildings. As more states legalize marijuana, this company will keep growing and build partnerships with more cannabis companies.
Stock Sectors List
Risks of Buying Marijuana Stocks
The promises of “get rich quick” are tempting, but you must do your homework first. My first concern is that marijuana penny stock companies use Form SB-2, which requires minimal information. As an investor or trader, you have yet to determine if the house is built on solid footing or quicksand. With a clear picture of the financials or data, you will know if the claims from the company are valid.
Part of the misleading information is because some marijuana penny stocks act as shell companies. These shell companies depend on the hype that drives the value up one day and back down another. Savvy traders ride the momentum train in both directions, scalping in and out of positions. Stock trading is all proper risk management.
A popular stock market saying is buy the rumor and sell the news. This is especially important when trading any symbols off of our penny pot stocks list and even the marijuana sector in general. The marijuana stock sector carries a lot of “hype” and news, making this sector extremely volatile to trade. Therefore, buying at support levels and selling at resistance levels is important. So, you’d buy the rumor near support levels and then sell the news near resistance levels.
Valuation of Pot Stocks
A major point of concern for cannabis companies is regarding the taxes that states will apply to them. If the taxes are too high, sustaining companies may be difficult. And if it’s too low, the supply will be greater than the demand, creating an unstable market scenario.
Another point of concern is the future of cannabis companies due to the current trend and rise of the industry. Thousands of new cannabis companies have emerged.
But in every market, only a few companies can have dominance and come out successful. It stands to reason that companies emerging today could be shut down or take on heavy losses, all due to saturation and competition.
CBD Strength
It’s important to note that the strength of a CBD product does not necessarily determine its effectiveness. Different individuals may respond differently to CBD, and finding the right dosage for your needs may require some experimentation.
The strength of CBD products can vary depending on factors such as concentration, extraction method, and formulation. In general, the strength of CBD oil is measured by the amount of CBD it contains per serving or milliliter.
Some CBD oils on the market are considered to be highly potent, containing higher concentrations of CBD per serving. These oils range from 1,000 mg of CBD per 30 mL up to 12,000 mg of CBD per 30 mL. Some of the most potent oils contain up to 12,000 milligrams (mg) of cannabidiol (CBD) per 30 milliliters (mL).
Future of Pot Stocks
Being the world’s most commonly cultivated, trafficked, and used drug, cannabis is bound to grow. And with a huge backing and push for legalization, the cannabis industry has a bright and optimistic future.
One with tremendous potential for growth. The drug is already legal in thirty-three states, and fourteen states allow it even for recreational purposes. So, there’s no denying that the future of cannabis companies holds great opportunities.
But every investor or trader should carefully study this opportunity to create huge profits. It’s possible in this fast, dynamic, and ever-growing cannabis sector.
All it takes is knowledge and information to capture the amazing opportunities that the cannabis industry and its stocks have to offer.
To conclude, there is tons of growth left in the marijuana industry. This isn’t only limited to the US. Companies on both sides of the border can benefit from a first-mover advantage to expand internationally.
Canada and the US can benefit from large amounts of land to produce large amounts of cannabis products. In the US, it remains unknown when legalization will take effect. It can be months, just like it can be years. Legalization can bring much-needed tax revenue and job creation to the country.
For the moment, cannabis stocks remain very risky and volatile. They can be difficult to trade for inexperienced investors.
Frequently Asked Questions
The best CBD stocks to watch are:
- Curleaf Holdings (CURLF): Market Cap $3.2 billion
- Green Thumb Industries (GTBIF): Market Cap $2.7 billion
- Verano Holdings (VRNOF): Market Cap $1.6 billion
- Trulieve Cannabis (TCNNF): Market Cap $1.0 billion
- Cresco Labs (CRLBF): Market Cap $553 million
- Glass House Brands (GLASF): Market Cap $361 million
- The Cannabis Company Holdings (CBSTF): Market Cap $257 million
- WM Technology (MAPS): Market Cap $75 million
Please do your research!
$MJNA, aka medical marijuana INC stock, is a penny pot stock that has been trading sub $1 for a long time. It’s a pump-and-dump stock in the pot stocks sector, so there’s no guarantee that this stock will rise again. It gets sympathy moves the more that the marijuana sector gets legalized.
Likely yes. Even though pot stocks have been trending sideways or even down for a while, an explosion in price may be on the horizon. Looking back, you can see that most cannabis companies were burning through their cash due to regulatory headwinds. However, with legalization underway, many expect to be cash flow positive. Further, it's expected that even without legalization, the U.S. cannabis market will be worth $72 billion by 2030.
That said, these three cannabis might be set to explode in 2024.
- Tilray Brands (TLRY)
- Cronos Group (CRON)
- Curaleaf Holdings (CURLF)
Please do research!
- $TCNNF
- $GWPH
- $IIPR
- GRWG
- $GTBIF
Is ACB Aurora Cannabis a good stock to buy? As of 12/16/23 price is near the 0.0% support level of fibonacci at $0.48. There's room to move up to 61.89% at $0.90 if the price can break several resistance levels in 2024 during the election year.
More FAQ's
It is legal to invest in pot stocks on any of the exchanges. You can also invest in OTC or pink sheets marijuana stocks, but you must be careful with them. States keep legalizing the use of cannabis. As of April 2022, 37 states have legalized medical marijuana, and 27 have approved adult recreational use. New York and Virginia were legalized in 2021. The pot stock sector is extremely volatile and is known for pumping and dumping. Gurus on Stocktwits and Twitter are quick to shout buy this and buy that. Be careful.
To buy Trulieve stock (TCNNF), you can follow these general steps:
- Search for the Trulieve stock ticker (TCNNF) and place a buy order using your brokerage platform.
- Enter the number of shares you want to purchase and specify the order type (e.g., market or limit order) and any other necessary details.
- Submit the order, and the purchase will be executed if the stock is available at the desired price.
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