Stats reveal that by the end of 2022, legal marijuana spending is expected to rise by from 23.0% to 31.3% billion. Note that, as per BDS Analytics, it was limited to $9.5 billion in the year 2017. The surprising fact is that $23.4 billion is the estimate just for the U.S. only; however, many other states around are still working towards legalization of marijuana.
At present, most of the investors are interested in making profits through marijuana stocks. Both popular exchanges, Nasdaq and New York Stock Exchange, obtained their first-ever cannabis company listing in the year 2018. Now, many other platforms are also offering marijuana investment opportunities. However, for beginners, it might be quite difficult to choose stocks for investment. Well, if you are interested in making money through this industry, we advise you to go through the list below.
Best CBD companies to invest in the year 2019:
It is good to invest in plant touching companies so that you can make considerable profits from medical marijuana business industry. Below we have highlighted a few CBD stocks that you can think of investing:
Canopy Growth Corp. (CGC) is the first most Canadian Marijuana Company, and it is widely popular around the world. This publicly traded weed company operates on several brands; they produce and market both recreational and medical strains. Tweed is currently the most widely traded brand of this company.
Aurora Cannabis Inc.
Here is another big giant in the industry, better known as Aurora Cannabis Inc. (ACI). By the month of March, they even reached on the top by acquiring the highest deal till date; it was worth $250 million from MedReleaf. As per the stats provided in the recent press release, Aurora and MedReleaf in combination are working to produce around 570,000 KG cannabis per year via nine facilities within Canada and two more in Denmark. This stock arrived on the Canadian Venture Stock Exchange by October 2016.
Cronos Group Inc.
Cronos Group is a well-known medical marijuana cultivator in Toronto; its market is not just limited to Canada; rather, Cronos has now expanded its business to the large international market. They are currently serving products to Australia, Germany, and Israel as well. Note that, they are not serving buyers in the US due to some uncertainty involved in regulations. During the fiscal year 2018, they generated huge revenue of $7.3 million.
Terra Tech Corp:
Terra Tech is a highly diversified agricultural company working for dispensing and production of medical marijuana. Their own brand is widely popular in the market with name IVXX; however, the cultivation activities work under the Edible Gardens brand name. They are currently also working for the retail of medical marijuana. As per the latest reports, this company declared the revenue of $8.6 million in the year 2018.
Other than this, you can think of investing in AbbVie, GW Pharmaceuticals, Cara Therapeutics, Axim Biotechnologies, The Scotts Miracle-Gro Company, KushCo Holdings, GrowGeneration Corp, General Cannabis Corp, mCig Inc, Innovative Industrial Properties Inc. and many more.