Slowly and surely the cannabis industry is becoming mainstream. As more states legalize medical and recreational marijuana, the number of public companies operating in the cannabis industry is slowly expanding as well. It’s still early though. Many public cannabis companies either trade on the Canadian stock exchange where there are fewer regulations or on over the counter (OTC) markets in the United States. That said, there are more than [link]50 public companies[/link] in the cannabis industry that you can invest in with your brokerage account.
Most public cannabis stocks aren’t directly growing and selling marijuana themselves, but they do stand to benefit greatly as more states legalize the sale and possession of marijuana. Some of these firms are media companies. Others are privately studying the medical uses of cannabis. Yet others are providing tools and software for growers.
As the "green rush" enters public markets through IPOs and SPACs, it will become increasingly difficult for investors to identify which cannabis stocks are solid companies with long-term prospects and which are shell companies simply trying to benefit from the marijuana megatrend.
There’s very little professional coverage of cannabis companies on Wall Street, but that hasn’t stopped independent analysts and our subscribers from researching these firms.
This slideshow lists the the 12 cannabis stocks that have the most MarketBeat subscribers following them on their watchlists. More than 2,500 MarketBeat subscribers are now following our top-trending cannabis company.
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Continue to Slide #1" button view the first cannabis stock.
