15 Marijuana Stocks That Will Grow in 2018

Jan 29th, 2019 10:59AM

The best time to invest in Marijuana Stocks is right now. The marijuana industry in the United States is taking off, with an estimated $10 billion in sales for 2018 and states like California making over $2.75 billion single-handedly.


Canadas marijuana industry is also thriving. Statistics Canada estimated $5.7 billion CAD in marijuana sales for 2017, and that was before legalization! Now that cannabis is becoming more socially accepted and widely available, marijuana sales in both these countries have the ability to increase at an exponential rate.



Wondering how to get started with investing in marijuana stocks? Here are 15 Marijuana Stocks that will grow in 2018, and likely grow even more over the next few years.



Aphria (APHQF)

As one of Canadas top cannabis companies, now is a great time to take a stake in Aphria. Its stock market value has more than doubled since August, peaking at 21.71 CAD in September and now at 19.11. The company has a range of supply agreements in place to get ready for legalization. Theyre shipping products to all provinces and even Yukon.



With marijuana becoming legal in Canada next week, Aphria will be making huge sales over the next few months. and their stock is likely to grow from there.



Canopy Growth Corp. (CGC)

Canopy Growth Corp stocks are currently valued at 49.80 USD and projected to grow even more. The Ontario-based organization has worldwide subsidiaries and owns brands such as Tweed Inc., Bedrocan Canada Inc., and Metrum Health Corp.



Canopy is currently Canadas largest cannabis company, and getting involved in the upcoming recreational market will likely do wonders for them.



Cronos Group (CRON)

Cronos Groups stock price has jumped by over 70% in the past six months. This is another established Canadian marijuana business with a foothold in both medical and recreational sales. It also has international operations in Germany, Australia, and Israel.



The company will be supplying marijuana products to both government and privately-owned retailers in Canada. Profits grew from $588k to $4.08 million from 2016 to 2017, expect them to grow more as Canadas recreational market takes off. Cronos Groups stock is currently valued at 12.84 CAD.



MedMen (MMNFF)

MedMen is a large US-based organization with many operations in marijuana cultivation, manufacturing, and sales. Its one of the largest US retailers for marijuana, with an impressive Q4 2018 revenue of $19.2 million.



The company recently acquired PharmaCann for $682 million- the largest ever acquisition of a cannabis company in the US. As such, expect them to grow even more as sales grow across the states. Whats more, stocks are priced at just 5.71 USD making it the ideal take to invest.


https://www.marijuanaseo.com/marijuana-stocks-that-will-grow-2018/

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