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Top Marijuana Stocks on the NASDAQ

If you’re looking for a worthwhile investment, you’ll want to look at some of the top marijuana stocks on the NASDAQ. On top of being one of the biggest stock exchanges in the world, NASDAQ has become a hotspot for innovative companies. You can now find numerous lucrative stocks from marijuana companies here. Naturally, investing […]

Top Marijuana Stocks on the NASDAQ

If you’re looking for a worthwhile investment, you’ll want to look at some of the top marijuana stocks on the NASDAQ. On top of being one of the biggest stock exchanges in the world, NASDAQ has become a hotspot for innovative companies. You can now find numerous lucrative stocks from marijuana companies here.

Naturally, investing in any kind of stock is always a risk. You should always carry out your research first and diversify your investments. However, 2020 is a great time to invest- the legal cannabis market will become more stable and lucrative and reports suggest the marijuana industry is set to expand enormously in the next few years. Here are some of the best marijuana stocks on the NASDAQ to look into.

OrganiGram Holdings (NASDAQ: OGI)

OrganiGram is by far one of the best marijuana stocks on the NASDAQ as well as one of the top marijuana stocks overall. Based out of Moncton, NB, OrganiGram Holdings supplies cannabis products for both recreational and medical markets. Although its stock dropped by 31% in 2019, the company shows a lot of promise and could easily surge over the next few years.

Already, OrganiGram is off to a fantastic start in 2020. Reports show that the company made a net revenue of C$25.2 million, much higher than projections estimated. In light of these results, OrganiGram stock has soared by 35% and looks like it’s set to grow even further.

This is a stock well worth having in your portfolio. OrganiGram has shown that they have a successful business model. Plus, cannabis sales across Canada are likely to grow this year, especially as more stores open up and more users have easy access to legal cannabis. OrganiGram Holdings has wholesale agreements with every Canadian province, so as pot sales grow, it’s likely their stock will too.

Tilray

Tilray (NASDAQ: TLRY)

Tilray was the first cannabis company to have an IPO on the NASDAQ and it’s still one of the top marijuana stocks on NASDAQ today. Based out of Toronto, Canada, Tilray is a major producer of medical cannabis products. They produce cannabis flower, extracts, and even hemp products.

As well as being one of the biggest marijuana companies in Canada, Tilray also has operations across the world in countries such as New Zealand, Australia, Portugal, Germany, and Latin America. Interestingly, recent reports show that Tilray has managed to sell five times as much cannabis as last year thanks to their international efforts.

As far as marijuana stocks on the NASDAQ go, this is one to watch. With the ability to boost their sales in Canada as well as many untapped global markets, 2020 could be a great year for Tilray. Their stock prices dropped dramatically in 2019, but now could be a good time to invest as it seems they’re starting to recover.

Sundial Growers (NASDAQ: SNDL)

One of the more interesting marijuana stocks to check out is Sundial Growers. Based in Alberta, Canada, Sundial Growers is a relatively small cannabis producer. As well as growing strains of marijuana flower, they also produce various cannabis consumer products such as vape cartridges, capsules, oils, and more.

Last year, Sundial Growers launched Saw Palmetto, a brand that covers a variety of high-quality cannabis products. While the brand initially launched in Manitoba and Saskatchewan, Sundial Growers plans to expand into larger markets across Canada which could lead to increased stock value in the long run.

Although Sundial Growers might not seem as attractive as some of the major Canadian marijuana companies, they have a lot of potential for growth. As they continue to expand and the demand for cannabis in Canada grows, Sundial Growers could become a major player. Plus, with their stock priced lower than competitors, it could be worth adding to your portfolio.

GW Pharmaceuticals (NASDAQ: GWPH)

While most enthusiastic marijuana investors focus on cannabis producers and sellers, GW Pharmaceuticals is fairly unique as far as marijuana stocks go. GW Pharmaceuticals is a pharmaceutical company that focuses on creating plant-derived treatments using cannabinoids. They’re also the creators of Sativex, a largely successful cannabinoid-based medication.

Sativex is an oral spray that’s used to help patients suffering from muscle spasticity. The medicine uses THC and CBD extracts from cannabis and is used mainly for patients with multiple sclerosis. Sativex became the first legal cannabis-based product in the United Kingdom and is now approved in over 25 countries.

While many of the top marijuana stocks are based out of countries with legal cannabis consumer markets like the United States and Canada, Sativex is based in Cambridge, England. However, with the ability to provide a medical cannabis product in countries where cannabis is still illegal and a CBD-based medication for epilepsy on the way, GW Pharmaceuticals is a valuable stock right now.

GW Pharmaceuticals

Village Farms International (NASDAQ: VFF)

Village Farms International is a global producer and distributor of greenhouse-grown vegetables. However, the company has also turned its attention to the growing cannabis market. They originally announced in 2017 that they plan to use a portion of their greenhouses to start producing cannabis- an announcement that caused a 750% rise in their stock.

While they’ve already taken their first foray into the cannabis market, Village Farms International has massive potential for growth. They recently made plans to increase their annual production of cannabis to 150,000 kilograms by dedicating 2.2 million square feet of greenhouses in British Columbia to growing cannabis.

Village Farms International also plans to start producing for the hemp market. CBD products are becoming extremely popular, especially in places where cannabis is still illegal. With solid plans to grow into these lucrative markets, now could be a good time to invest.

Conclusion

Whether you’re looking for cannabis growers or cannabinoid-focused biopharmaceutical companies, these are some of the top marijuana stocks on the NASDAQ. With that said, there are many others worth checking out including Cronos Group (NASDAQ: CRON), Greenlane Holdings Inc. (NASDAQ: GNLN), and New Age Beverages Corp. (NASDAQ: NBEV).

Now is a great time to invest in marijuana stocks as the industry continues to grow. However, if you’re a budding entrepreneur, you can also take advantage of this lucrative industry by starting a cannabis business. You can get plenty of help with building your brand from CannabisPromotions.com.