Top 5 Cannabis Stocks to Watch in 2020

April 27, 2020 11:53:52

When you think of the stock market, the last thing you probably think of is cannabis and marijuana. However, you would be mistaken to discount this booming industry, the marijuana industry is expected to triple in the next five years.

As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.

But as in any nascent industry, there are also loads of risks and bad actors. Whether you’re a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.

This guide will get you up to speed and give you a list of the top 5 cannabis stocks to watch in 2020.

As Cannabis, or most popularly one type of cannabis namely marijuana, has become increasingly more popular and even legal in some parts of the world, multiple public companies have emerged which provide individuals and institutions opportunities to invest in this new product and make a potential profit. This article will discuss a top 5 list of cannabis stocks to look at in 2020.

Why Cannabis Stocks?

Before discussing the top 5 Cannabis stocks to watch in 2020, we will first list a few reasons why cannabis stocks may be your next best investment:

  1. The demand of cannabis-containing products is increasing. As stated in the introduction of this article, a lot of new products are arising and ever more importantly. Cannabis is being legalized and classified as essential in some medical treatments across a variety of countries. This will, of course, increase the demand and usage of these products, bringing growth to investors.
  2. Cannabis stocks are currently undervalued. If we are certain that this new product will be successful in the future, it is a no-brainer to start investing and buying stocks now while they are so cheap.
  3. A lot of these companies still have huge upside potential. At the current moment in time, they are struggling to stay profitable as demand is still quite low, but as soon as the rest of the world catches onto this product, huge potential could be fulfilled and early investors could reap the rewards.

The top 5 companies listed below have been chosen due to their international presence and market capitalization.

1. Canopy Growth

Canopy Growth Corporation (TSX: WEED, NYSE: CGC) is the largest cannabis stock at the moment with a market cap of $6.99 Billion. This stock can be traded on the NYSE and is currently traded at 21.22 CAD ($14.99 USD) as of April 2020. Canopy Growth shows a great business plan and profit-gaining strategy.

2. GW Pharmaceuticals

GWPH has previously stated that they do not want to be seen as part of the “marijuana stock” group, but this cannot be hidden as they are currently have a market cap of $3.21 billion. This stock can currently be traded on NASDAQ and currently trades at 105.76 USD.

3. Curaleaf Holdings

Curaleaf is the largest multistate operator in the United States, bragging with a market cap of $2.75 billion. The company is public and their stocks can be traded on OTC under CURLF. The price of one stock in this company is $5.76 CAD, which is equal to $4.07 USD.

4. Cronos Group

The Cronos Group currently has a market cap of $2.3 billion and sells their stocks at 8.37 CAD ($5.91) under CRON. Although Cronos group is not such a big producer as the rest of the candidates in this top 5, its market cap is aided dramatically by investors, which may be a good indication of its success, or not.

5. Aurora Cannabis

The 5th and final cannabis stock we are going to list in this article is Aurora Cannabis. Aurora Cannabis currently has a market cap of $2.15 billion and sells stocks publicly on the NYSE under ACB. Aurora was stated to be the largest pot producer and even have a bigger international capacity than the top competitor Canopy Growth. Aurora stocks currently sell for $0.72.

Conclusion

In conclusion to this article, we hope that you as an individual now have a better overview of some popular cannabis stocks available. We hope that you can see the value in early investing and trust this list has given you some stocks to research when looking to possible add to your stock market portfolio.

– This article was provided by Mitchell Roach, the founder of StartTrading, and published by CannabisNewsWire (CNW).

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

This article contains Third-Party Content submitted by third parties, including articles submitted through the CNW Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of CNW or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and CNW does not endorse, guarantee or make representations concerning the accuracy and completeness of all third-party content. You acknowledge that by CNW providing you with this internet portal that makes accessible to you the ability to view third-party content through the CNW site, CNW does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. CNW expressly disclaims liability relating to such third-party content. CNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, CNW reserves the right to remove third-party content at any time in its sole discretion.