As in 2018, the U.S. Marijuana Index has so much uncertainty regarding regulations. It’s over the previous one year got 71.49 percent than about 12 percent gains seen by S&P 500. This article will answer the question - why you should watch Marijuana Stocks?
Marijuana Stocks
In case you want that you will invest in the ‘plant-touching’ business then you can ride a wave by just investing in those companies which benefit but do not engage in some pot business.
Following are a few stocks. All the financial as well as capitalization figures are from the Yahoo Finance.
Cultivation Operations or Plant Touching:
Growth Canopy Corp: Cap (Market): 6.29B dollars
The very 1st marijuana unicorn in Canada is actually on the New York Stock Exchange list in May and became the world's biggest weed company.
This company owns as well as operates several brands that produce as well as do marketing of the medical & recreational strains. The 'tweed' is a very famous company and it also has its linkage with the rapper that turned the marijuana businessman Snoop Dogg.
And, for this fiscal year that is ended in 2018, the thew company has reported the CAD revenue almost 60 million or 77.9 million dollars.
While, in the year 2017, the Constellation Brands, the beverage and the maker of the Corona beer have purchased 9.9 percent stake in the Canopy Growth. This deal actually opens up these two companies for more product lines that include cannabis beverages.
Aurora Cannabis Incorporation: Cap (Market) 4.08B dollars
There is one more famous pot company in Canada that is Aurora Cannabis. It has become even larger in March that is by just getting MedReleaf in the .25 billion dollars stock deal.
It is touted as a very big marijuana deal across the world. There are consolidating operations that assist the new entities cut costs as well as get efficiency.
The press release announced that MedReleaf and Aurora together hope to produce more than 570,000 kg every year of the cannabis by 2 facilities in Denmark as well as 9 in Canada.
Aurora has debuted on a Canadian stock exchange or TSX in the year2016 and thus trade in the U.S.A. in OTC market.
Cronos Group Incorporation: Cap (Market) 1.15B dollars
Nasdaq's very 1st pot stock is the Toronto-based medical marijuana cultivator. Also, along with Canada, the Cronos actually serves the international market.
This ships its several goods to Germany. In Israel, it is also building one facility as well. In Australia, it has got its license by the joint venture.
Whilst this doesn’t have even one single presence in America because of the uncertainties in the regulations, because of fiscal year that ended on 31 March, 2018, this company made 2.2 million dollars in revenue.
Terra Tech: Cap (Market) 157M dollars
It was incorporated almost ten years ago. The Terra Tech Corporation is actually a diversified agricultural enterprise which has so many operations in the production & dispensing of the medical marijuana and hydroponic equipment. It is for some agricultural products.
The medical marijuana is actually IVXX, whilst the cultivation is also under its brand name that is Edible Gardens.
Also, OTC Markets has listed the company. It has several operations in America that include the Temporary Authorization California for cultivating, manufacturing, distributing, and also retailing the cannabis.
AbbieVie: Cap (Market) 139.9B dollars
AbbVie is the very famous pharmaceutical company along with the synthetic cannabis drug. Also, the FDA has approved Marinol that assists to alleviate vomiting and nausea for the chemotherapy patients.
To make an investment in the company is one way to actually play with marijuana trend even without incurring one-hundred percent exposures to this plant.
