The cannabis industry recently raked in more than $50 billion in sales, making it one of the hottest up-and-coming industries in the world.
You can secure your piece of the pie without ever touching a cannabis plant. Today, the industry is more accessible than ever with the introduction of some high-quality cannabis stocks.
But which stocks are poised to be the most successful?
Below, we’ll dive into some of the best cannabis stocks on the market.
The 5 Best Cannabis Stocks Money Can Buy
There are a lot of companies vying for the cannabis crown. After you do some research into how to buy cannabis stock, it’s time to set your sights on the hottest stock options.
The companies that issue these stock shares serve several different cannabis-related industries, from growth and cultivation to lab work and fertilizer.
Here are the five most important cannabis stocks available:
1. Corbus Pharmaceuticals (CRBP)
This is a biotech company that is conducting extensive research into fibrotic and inflammatory ailments.
They are producing a number of oral cannabis medicines that are expected to receive widespread acceptance.
It makes sense to hold a healthy number of shares in a company that will apparently have a long-term foothold in the pharmaceutical world — at a relatively inexpensive price to boot.
2. GW Pharmaceuticals (GWPH)
GW Pharmaceuticals is a UK-based pharmaceutical company whose stock could add long-term stability to any investment portfolio.
This company’s cannabis-based medicine has received approval from the United States Food and Drug Administration (FDA), so you can expect it to be a fixture in the marketplace.
They’ve produced an epilepsy medication that even treats forms of the ailment that are difficult to deal with.
3. Constellation Brands (NYSE:STZ)
This hot ticket on the New York Stock Exchange is garnering a lot of attention because of the potential to mix cannabis with beverages.
Constellation Brands is a big player in the adult beverages sector, as they deal in beer, wine, and spirits, including popular brands like Corona.
With edibles being a hot item, Constellation Brands’ plans to get into the cannabis space could mean some monumentally popular products down the line.
4. KushCo Holdings (OTC:KSHB)
KushCo is a New York-based company that provides packaging and containers for a number of cannabis businesses.
The plastic tubes and jars that you commonly see used are often produced by KushCo.
With the industry expanding by the day, you can expect KushCo to keep carving out a substantial market share.
5. Cronos Group (NASDAQ: CRON)
This is a dark horse stock with lots of potential upsides.
You can get shares for incredibly cheap right now, and can only expect them to become more valuable as Cronus keeps cultivating new brands and intellectual property.
They are an international distributor that is poised for plenty of growth as the industry keeps expanding.
Purchase the Hottest Cannabis Stocks Today
When you use these tips, it’s easy to snag the five best cannabis stocks on the market right now.
If you are an avid investor looking to round out your portfolio with some winners, you can go wrong with the options presented. Getting into the cannabis business will be worth every penny, especially in light of these stocks that are expected to be winners for years to come.
Consider these options and don’t hesitate to run them by your financial advisor before snagging a few shares.
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