It’s the best time to start looking into the best marijuana stocks to buy in 2019. We’re just a few months into the legalization of weed in Canada and marijuana companies are set to boom. The same applies to US companies. With more and more states allowing medical and recreational marijuana, many cannabis companies are seeing a big uptick in profits. In fact, statistics claim the legal marijuana market will be worth USD 146.4 billion (CAD 196.2 billion) by 2025.
If you plan to invest, you’ll want to check out some of the most valuable marijuana stocks right now. There are huge organizations in the industry which continue to grow. There are also some fast-growing companies which you’ll want to invest in sooner rather than later. Here are the best marijuana stocks to buy in 2019.
1. Cresco Labs (OTCQX:CRLBF)
Just two days ago, Cresco Labs made a deal to acquire Origin House for C$1.1 billion. Origin House was already a huge organization in its own right, with cannabis operations across major markets such as Canada and California, US. This merger should see Cresco Lab’s reach and value grow even more.
Cresco Labs is a top cannabis company based in Chicago, US. They have demonstrated that they have the resources and knowledge to spur continuous growth. They own multiple brands- Remedi, Cresco, Reserve, Mindy’s, and Mindy’s Kitchen. These all focus on different target demographics, with products such as flower, vape pens, and edibles. This gives them an enormous amount of reach and tons of opportunity to grow.
2. Harvest Health & Recreation (NASDAQOTH:HRVSF)
Harvest Health & Recreation is a Vancouver-based organization with a range of operations in the US. They’re at the forefront of the medical marijuana market, with dispensaries across multiple US states. So why invest now? They recently acquired Verano Holdings– a move which will see them gain licensing for even more businesses across the United States.
Their goal is to become the biggest cannabis retailer in the United States, a lofty ambition which they are making big moves to head towards. The company only began trading in November 2018 and have already shown great promise with their stock growing 28% in March 2019. This makes it one of the best marijuana stocks to buy in 2019.
3. Charlotte’s Web Holdings (NASDAQOTH:CWBHF)
While not technically a marijuana business, Charlotte’s Web Holdings is a company that focuses on hemp-based cannabidiol. Many would-be medical marijuana patients opt for CBD products instead. Hemp-based CBD is legal all over the states, which makes it highly accessible for people with all kinds of medical issues.
Charlotte’s Web Holdings has been performing very strongly. In March, their value grew by a whopping 33%. They now have 4000 retail locations and lead the pack when it comes to CBD products. If you want an interesting investment opportunity, check them out.
4. Aurora Cannabis (NYSE:ACB)
Aurora Cannabis is one of the absolute biggest names in the industry right now. They’re a Canadian producer with worldwide operations in 18 countries. They produce thousands of kilos of marijuana and supply many medical patients across the globe.
Aurora has been one of the top marijuana stocks to buy for a long time now. However, they don’t show signs of slowing down yet and their stock has made significant gains of in 2019. If you don’t mind spending the money, this seems like one of the safest and most valuable cannabis stocks.
5. CannTrust Holdings (NYSE:CTST)
CannTrust Holdings is another top marijuana stock with a growth of 103% in 2019 so far. Their stock is currently priced at CA$10.19, but they have a lot of promise for continuous development. They focus on the production of federally-licensed medical marijuana products. This sector of the market is still just as strong as ever, with more and more patients looking for marijuana treatments.
They have made multiple smart moves, such as the acquisition of large outdoor grow facilities to increase cultivation. Their strategy of increasing production of high-margin products such as cannabis oils has seen them gain better profits than simply focusing on dried cannabis. All in all, this is an underrated marijuana stock to watch out for.
6. Cronos Group (NASDAQ:CRON)
Anyone who has looked into marijuana investment will have heard of Cronos Group. They’re one of the biggest organizations in the industry and their stock continues to grow. In 2019 so far, they have already had a return of 107%. Investments and deals with other top companies should see them grow even further.
Cronos may find it hard to compete with other major players such as Aurora Cannabis or Canopy Growth due to a difference in resources. However, they have already shown the ability to grow and improve. This is a marijuana stock you’ll want to keep your eye on.
7. HEXO (NYSEMKT:HEXO)
HEXO has had a fantastic few months so far. This Gatineau-based marijuana company has made big money, mainly by providing cannabis to the eager marijuana market of Quebec.
HEXO has also made moves such as acquiring Ontario’s Newstrike Brands and increasing production which should see them thrive even more this year. Their stock is currently valued at $8.85 CAD. It’s best to get in early, as this is an underrated marijuana stock that could see big increases over the next few months.
The marijuana industry will grow even more in 2019, and keen investors should get in on the action early. These are some of the best marijuana stocks to buy in 2019, but remember that it’s always crucial to do your research. No matter how safe a stock looks, investing always comes with risks and you should take your time and invest wisely.
With that said, these marijuana companies have had exceptional growth. Plus, with continued mergers and acquisitions, it looks like many of these big players will continue to thrive. There are also many other cannabis stocks to look into. The market is growing with more growers, sellers, and even services such as consultants, lawyers, and marketing experts dedicated to marijuana. If you want to take a shot at the stock market, do it in 2019.