In this video, we’ll discuss the 10 best cannabis stocks to buy now and hold. You need some knowledge of the stock market’s …
Investors looking to venture into the cannabis sector in 2022 have a range of promising options. Here is a summary of the 10 best cannabis stocks to consider buying now:
1. Canopy Growth (CGC): As one of the industry’s largest players, Canopy Growth has a diverse portfolio encompassing recreational and medical cannabis products. With a strong market presence and potential for international growth, CGC has secured several partnerships to solidify its position.
2. Curaleaf Holdings (CURLF): Curaleaf is a multi-state operator in the US, with a substantial retail footprint. Their strategic acquisitions and focus on sustainable growth make it an enticing choice for investors.
3. Trulieve Cannabis (TCNNF): With an emphasis on the Florida market, Trulieve is a leading player in the medical cannabis space. Their vertically integrated operations and consistent profitability have positioned them as a state-focused success story.
4. Green Thumb Industries (GTBIF): GTBIF has expanded rapidly, establishing a strong presence in 13 states through its retail operations. Their focus on branded products and scalable production capabilities make it an attractive pick.
5. Cresco Labs (CRLBF): Operates in multiple states and aims to become a leading national cannabis brand. With a focus on consumer-packaged goods and broadened product offerings, Cresco Labs is ideal for investors looking for potential upside.
6. Aphria (APHA): Aphria’s merger with Tilray has created a global cannabis powerhouse. The combined entity, known as Tilray, is poised to benefit from increased scale and international opportunities.
7. Innovative Industrial Properties (IIPR): This real estate investment trust (REIT) focuses on leasing properties to medical-use cannabis cultivators. IIPR offers investors a unique way to participate in the cannabis market while benefiting from consistent rental income.
8. Tilray (TLRY): As one of the largest cannabis companies globally, Tilray boasts a diverse product portfolio and valuable partnerships. The merger with Aphria has amplified its potential for growth and international expansion.
9. Village Farms International (VFF): A Canada-based company that has successfully transitioned from traditional agriculture to cannabis. Village Farms operates in the US hemp market and is positioned for growth as regulations develop.
10. GrowGeneration (GRWG): With a focus on supplying hydroponic equipment to commercial cannabis growers, GrowGeneration is indirectly linked to the industry’s growth. Their wide distribution network and expanding customer base make it an attractive investment option.
It is important to note that the cannabis industry remains volatile, with regulatory uncertainty and market fluctuations. Investors should conduct thorough research before making any investment decisions, keeping in mind the risks associated with this sector.