Adult recreational marijuana use is now legal in Canada. While Canadian cannabis stocks have hogged much of the spot light in the lead up to October 17, 2018, they now have to prove they’re worth the hype and sky high valuations. Not all weed stocks are created equal, some have better long-term potential than others. And there’s some great, smaller cannabis stocks many investors have overlooked. They key is knowing where to look and how to evaluate their potential.
Marijuana Stocks to Watch
Most analysts think recreational marijuana use will become legal in Europe in the next few years. New Zealand will hold a referendum by 2020 on whether or not to legalize adult-use marijuana. Meanwhile, Germany, Italy, The Netherlands, South Africa, and Mexico could also legalize cannabis in the coming years. Then there’s the U.S., the world’s biggest economy; recreational- use marijuana could be legal south of the border within five years.
The question is, which weed stocks are best prepared to take advantage of not just the Canadian market, but the global markets?
The marijuana sector is very crowded and investors have been piling into every cannabis stock they can find for fear of missing out on the next big thing. The biggest players in the cannabis sector include familiar names such as Smith Falls, Ontario–based Canopy Growth Corp (TSX: WEED NYSE: CGC), The Scotts Miracle-Gro Co. (NYSE: SMG), Aurora Cannabis Inc. (TSX: ACB), Aphria Inc. (TSX: APH), CanniMed Therapeutics Inc. (TSX: CMED), and Tilray, Inc. (NASDAQ: TLRY).
There are lots of smaller players in the weed sector too, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Liberty Health Sciences Inc. (CSE: LHS), Hexo Corp. (TSX: HEXO), and Pyxus International Inc. (NYSE: PYX).
Then there are companies like Australis Capital (TSX: AUSA), which target the U.S. marijuana market. Recreational weed might only be legal in nine states and Washington D.C. and medicinal marijuana is legal in 31 states, but the tides are changing.
Then there’s MariMed Inc. (OTCMKTS: MRMD), an overlooked full-service provider for weed companies. If MariMed was around during the gold rush in the 1800s, it would sell shovels. Instead, it’s here now, and taking advantage of the new gold rush. It specializes in securing and operating facilities, cultivation and production, layouts, designs, merchandising, sales, and financial planning.
These are just a few of the different marijuana stocks that are out there right now. There are dozens and dozens of others. Some have great long-term potential, many don’t. The more you know how to read charts, financials, and industry trends, the better equipped you are to be a confident, profitable trader.
Learn-To-Trade.com, Canada’s Leader in Stock Market Trading Courses
Investing in the stock market is risky. But there are ways you can minimize the risk and maximize your chances for success. With the right guidance and skills you can learn how to trade like a professional. The traders at Learn-To-Trade.com can show you how.
As Canada’s leading and oldest provider of stock market trading courses, the instructors are Learn-To-Trade.com can show you how to read charts, teach you about financials, cycles, commodities, futures, foreign markets, stock index trading, cryptocurrencies, blockchain technology, and forex trading. They’ll also teach you about risk management and capital preservation.
At Learn-To-Trade.com we also understand that no two investors are alike, that’s why we provide a unique, Lifetime Membership that allows you to re-attend any part of the program as often as you’d like.
To learn more about Learn-To-Trade.com’s stock market trading course, contact us at 416-510-5560 or by e-mail at email@example.com.
Latest posts by George Karpouzis (see all)
- Canadian Economy to Slow in 2020 as Global Manufacturing Recession Takes Hold - November 12, 2019
- Bank of Canada Holds Rate Steady Despite Gloomy Economic Outlook - November 5, 2019
- Recession Talk Heats Up as Canadian Household Debt Levels Become Unmanageable - October 31, 2019