TOP CANNABIS STOCKS FOR 2022

Entrepreneurs investing in cannabis stocks have been striving to increase their marijuana stocks since 2017. They have eventually succeeded in 2021, but unfortunately, it was short-term. According to the Prime Investigation Harvest Index, the performance of the cannabis industry had surged to 46% in mid-April but proceeding that, there’s a continuous downfall. In August, it was 14.5% and has lagged in a broader market. For putting the trend in the upward direction, Marijuana investors need to determine the course path of the marijuana stocks in the upcoming months of 2021. They can get a hint by launching ETF. One such ETF was launched by Roundhill Investments, known as Roundhill Cannabis ETF (WEED), on 1st November. These funds will be vigilantly run, and it would help regulate the cannabis investments going higher and lower in the industry ecosystem. Through these ETFs we have picked the top cannabis stocks for 2022.

As marijuana stocks had a downward trend in the middle of the year, now we can see a silver lining by launching a new ETF.

We can represent the mirror one as dogs by the ETF MG Alternative Harvest ETF. We can observe that marijuana stocks have slightly outclassed the market on a broader level. They have supplied a return total of 33.6%.

Following are some of the top cannabis stocks:

1. High Tide incorporation. This company is present in Canada. It manufactures and sales accessories of cannabis. This company owns 3 eCommerce platforms for cannabis accessories. It is also a global manufacturer and retailer of cannabis consumption accessories. Its featured brands include Valiant Distribution, Famous Brandz, Daily High club, NewLeaf cannabis, Grasscity, CBD city, Smoke Cartel, et cetera. Recently this company has completed the purchase of 80% interest in Enigma Limited, a UK-based company operating for cannabis production.
2. HEXO Corporation. It is also a company based in Canada. It deals with consumer packaged cannabis goods. It offers medicinal and recreational cannabis products to the global cannabis market. Its recreational brands include original stash, bake sale, HEXO plus, et cetera. This company trades in the US economy on the ticker HEXO.
3. Cresco labs incorporation. This company has branches in 10 states. It deals with the growing, manufacturing, distribution, and sale of products related to cannabis. This company provides services of production and also dispensaries. It has successfully purchased 100% outstanding interests in the Laurel Harvest’s Labs In Pennsylvania.
4. GrowGeneration corporation. It is a company that distributes agricultural products. It supplies hydroponic products in the country. Its products include plant nutrition, lighting technology, aquaponic equipment, and farming soils.
5. AYRWellness incorporation. It is also a cannabis company that deals with cannabis products. Its famous brands are KYND, entourage, Kana Punch, etc. It includes vape products, edibles, temperatures, and flowers.
6. Fire and flower. It is one of the leading companies in the Canadian cannabis market. Till the last month, it owned 85 stores in the country. It is also actively trading in the US market. Its trade name goes as Fire and Flower US holdings. In the US, only its branch is there which are sporting its name. Fire flower growth will further ameliorate in case the US legalizes marijuana. But the chances are very low. One of the featured investors in the company is Alimentation coachTard. It is an efficient retail operator. It has more than 14,000 stores In the world. Fire and Flower are working well even now by growing in strong numbers. It has positively grown and adjusted its earnings. Its bargain is 21 times more than the Sundial Growers that is a cannabis company.
7. Virano holdings: It produces a strong stock, but unfortunately, it does not value. It is a popular cannabis producer. The company has struggled a lot to achieve a lot. It has opened its 86 store in the country in September. Also, it has active 14 branches active in different areas. Even before opening up immense opportunities in business, they have managed to produce a huge number of stock. They have recorded gross margins of more than 50%. It is talk is constantly growing, but it has been an underrated boy.
8. Tilray stock: They are also one of the leading cannabis producers, but they haven’t achieved fame. They have pushed the value of the company’s market to more than $10billion. In a global index, Global X Cannabis, they have made it to 13% holding. Their most important marijuana stock is Canopy Growth.
9. Innovative Industrial Properties: It is an investment trust that deals with the provision of facilities for the industry of medicinal cannabis. It was founded in 2006. Today it has 73 branches. Its properties are located in 17 states, including Pennsylvania, California, and Illinois. It occupies a space of almost 6.8 million square feet. Their stock price has reduced to 2.4% from 91.0%. They are one of the few stocks of marijuana that produces income.
10. Altria: Altria is also one of the Best producers of marijuana stock. But they have not given much attention. This is because their stock price is going in negative, that is 0.9%. They have invested $12.8 billion in e-cigarette making. To date, they have done a total of 88% of the investment. We are focusing on producing smoking-related products that are not as harmful as cigarettes.

Conclusion:
We’re still in the very early stages of the cannabis industry. These major cannabis companies are still in the early stages of innovation and capitalization. As more countries begin to legalize cannabis, these top cannabis stocks will still have an opportunity to outperform themselves.

Read more about cannabis stock trends.

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