The year 2020 has been a rollercoaster ride for the marijuana industry, and with the pandemic throwing a wrench into the works, investors are looking for opportunities. US News has identified several marijuana stocks that are poised to grow in the coming year. This article will explore these stocks and the factors contributing to their potential growth.
The Rise of Legal Marijuana
The marijuana industry has seen significant growth over the past decade, with more states legalizing recreational and medical marijuana. This shift has created a burgeoning market for marijuana-related products and services. According to a report by Grand View Research, the global marijuana market is expected to reach $146.4 billion by 2025, driven by increasing demand for medical and recreational use.
Top Marijuana Stocks to Watch
- Canopy Growth Corporation (CGC)
Canopy Growth, one of the largest marijuana companies in the world, has a strong presence in both the Canadian and international markets. The company has a diverse portfolio of products, including cannabis, hemp, and cannabis-infused beverages. Canopy Growth has also entered into partnerships with several major beverage companies, which could further boost its revenue.
- Aurora Cannabis Inc. (ACB)
Aurora Cannabis is another major player in the marijuana industry, with operations in Canada, the United States, and Europe. The company has a robust pipeline of products and is continuously expanding its global footprint. Aurora Cannabis has also made strategic investments in hemp and CBD, which could contribute to its future growth.
- Tilray Inc. (TLRY)
Tilray is a global leader in medical cannabis and has operations in North America, Europe, and Australia. The company has a strong focus on research and development, which has allowed it to develop a wide range of products. Tilray's partnership with Anheuser-Busch InBev to develop cannabis-infused beverages is a significant milestone for the company.
- Curaleaf Holdings Inc. (CURLF)
Curaleaf is the largest cannabis company in the United States, with a strong presence in 23 states. The company has a diverse portfolio of products and is known for its high-quality cannabis. Curaleaf has also made strategic investments in hemp and CBD, which could contribute to its future growth.
- Green Thumb Industries Inc. (GTBIF)
Green Thumb Industries is a leading cannabis company in the United States, with operations in 11 states. The company has a strong focus on the medical market and has developed a wide range of products. Green Thumb Industries has also made strategic investments in hemp and CBD, which could contribute to its future growth.
Factors Contributing to Growth
Several factors are contributing to the growth of marijuana stocks in 2020:
- Increasing Legalization: More states are legalizing marijuana, which is expanding the market for cannabis products.
- Research and Development: Companies are investing in research and development to develop new products and improve existing ones.
- Partnerships: Companies are forming partnerships with major beverage and pharmaceutical companies to expand their market reach.
- Hemp and CBD: The hemp and CBD markets are growing rapidly, and companies are looking to capitalize on this trend.
Conclusion
The marijuana industry is expected to grow significantly in 2020, and several companies are poised to benefit from this trend. Investors looking for opportunities in the marijuana industry should consider these top marijuana stocks to watch. However, it is important to conduct thorough research before investing, as the industry is still relatively new and subject to regulatory changes.