Top Marijuana Stocks to Watch
As the world begins to accept the medical and recreational use of cannabis and its benefits, the cannabis industry begins to explode.
avatar
Staff or Guest writer for The Dog of Wall Street.
2021-01-20 11:04

The marijuana industry has grown exponentially over the last few years due to the acceptance of its medical research, development, distribution, and sale thereof. As the demand for medical and recreational use increases, so does the industries that create it. Several nations, states, and jurisdictions are accepting marijuana use and have begun legalizing its use.

Top Marijuana Stocks to Watch

Best Value Marijuana Stocks

Harvest Health & Recreation (HRVSF) specializes in cultivation, dispensaries and production facilities for medical and recreational marijuana. Harvest Health & Recreation had a high forecast of $4.71 and a low of $2.10. The average price target showed a 1.76% increase from the last price of $3.13 per share. Their 2020 third-quarter revenue had an 86% increase from the 2019 third quarter and showed $61.6 million.

Village Farms International Inc. (NASDAQ: VFF) is an agricultural producer growing vegetables such as tomatoes and cucumbers. They also now produce cannabis. They announced in early November that they acquired Pure Sunfarms Corp. from Emerald Health Theraputics Inc.

OrganiGram Holdings Inc. (NASDAQ: OGI) is a licensed medical marijuana producer. They specialize in dried cannabis and cannabis oils. In 2020, they reported a 25% increase in their revenue of $20.4 million from $16.3 million in 2019’s 4th quarter.

Fastest Growing Marijuana Stocks

The following stocks have the best year-over-year (YOY) sales growth in the last quarter. As sales are on the rise, it is a strong indicator that the company is growing.

Jushi Holdings Inc. (OTCMKTS: JUSHF): This holding company puts its energy into diversifying its portfolio by buying cannabis and hemp-based assets. These businesses are involved in the distribution, cultivation, and processing operations in the cannabis industry. As of early December, they own 100% of Virginia-based company Dalitso LLC.

Cresco Labs Inc. (OTCMKTS: CRLBF): They are primarily focused on growing, manufacturing, and distributing cannabis.

Curaleaf Holdings Inc. (OTCMKTS: CURLF): This Canada-based company specializes in the production and distribution of cannabis items. As of January 1st, 2021, they will have a new CEO named Joseph Bayern, and their former CEO, Joseph Lusardi, will remain on the board of directors.

Why Buy Cannabis Stocks Now?

As the world begins to accept the medical and recreational use of cannabis and its benefits, the cannabis industry begins to explode. Those producing, manufacturing, and researching cannabis products will see an increase in revenue and stock prices. The companies that are beginning to merge are indicators of growth and are to be watched in the coming year.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2021-01-20 11:04

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

Is Rivian (RIVN) Stock a Buy Again?
The company continues to bleed money and is losing more than $40,000 per vehicle.
By Mike Sakuraba | 2 weeks ago

2 Stocks to Buy on a Pullback
Here are two stocks I’ll buy if we pull back in March.
By Mike Sakuraba | 2 weeks ago

2 Stocks to Buy for the March Bull Run
Here are 2 I have my eyes on for March.
By Mike Sakuraba | 3 weeks ago

Bitcoin is Hot: 2 Stocks to Buy Now
Here are 2 lesser-known crypto stocks that I think will benefit from Bitcoin’s bull run.
By Mike Sakuraba | 3 weeks ago

2 Stocks to Buy on the Earnings Dip
Here are two stocks that sold off that I have my eye on!
By Mike Sakuraba | 3 weeks ago

2 Stocks I'm Never Buying Again
Never is such a strong word but when it comes to investing, it is easy to never want to buy a stock again.
By Mike Sakuraba | 1 month ago

2 Stocks to Ride the NVIDIA Hype Train
Now that NVIDIA (NASDAQ: NVDA) saved the market again, is it finally time to buy?
By Mike Sakuraba | 1 month ago

Is it Too Late to Buy SMCI Stock?
Is it too late to get into SMCI after this parabolic run?
By Mike Sakuraba | 1 month ago