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2020’s Guide to 4 of the Best Cannabis Stocks to Buy

2 March 2020 No Comment

It’s 2020 and pot is legal in most states and all of Canada.

Who knows how many more states will legalize this year, but what’s for sure is that the future of the cannabis industry is bright. With a flood of new cannabis production companies, it’s hard to tell which ones are for real and which will die off once the market evens out.

All of this makes investing a little bit difficult. However, we’re going to give you a list of the best cannabis stocks to buy this year. A little bit of research will go a long way in securing good investments, especially in this hot new industry.

1. Canopy Growth (CGC)

Should you invest in the world’s largest cannabis company? With a strong 3rd quarter after a lousy year last year, Canopy is likely to be a great bounceback investment. They were able to reverse declining revenue trends and narrow adjusted loss in a way that exceeded even their own expectations.

With new products and store launches in Canada, we’re expecting Canopy to continue trending in a positive direction.

2. Constellation Brands (STZ)

Constellation is heavily tied to Canopy with a 37% stake in the company, so to an extent, where Canopy goes, so does Constellation. That meant that last year wasn’t so great on the cannabis end of things, but it was kept afloat by its premium beer brands, Corona and Modelo.

They should continue to see big gains as they focus on brand building for their premium beer, wine, and spirits. Couple that with Canopy’s 3rd quarter rebound and Constellation is a can’t miss stock option for 2020.

3. Innovative Industrial Properties (IIPR)

Innovative Industrial Properties is a real estate powerhouse that focuses on properties for the cannabis industry. Cannabis-focused real estate is an easy thing to invest in, especially with newly legalized states popping up every year. They currently own 46 properties in 14 states, but that number is poised to explode.

The cannabis industry is still really young in America. 33 states have legalized medical cannabis markets and most of those are likely to vote for full-legalization in the coming years.

4. Planet 13 Holdings (PLTH)

Las Vegas’ Planet 13 Holdings is among the world’s largest cannabis retailers and their shop is, you guessed it, steps away from the Vegas strip. As the winner of the 2018 Leafly “dispensary of the year”, this company is doing something special.

They’ve taken a completely innovative approach that is going to change how people view dispensaries. With interactive entertainment and the best cannabis products on the market, we’re sure to see Planet 13 expand beyond their Nevada home base soon.

It’s a smaller company, but if you take some time to learn more about Planet 13, you’ll see why they’re worthy of your investment.

The Best Cannabis Stocks to Buy Are Right in Front of You

The best cannabis stocks to buy are on this list, but dig a little deeper and you’ll find plenty of small upstarts that could pay off in a big way down the road. The cannabis industry is young, so there is a ton of investment opportunity ahead.

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