Cannabis Stocks

WEED, LOVE, TLRY, XLY & CRON: 5 Canada pot stocks to hold for 10 years

 WEED, LOVE, TLRY, XLY & CRON: 5 Canada pot stocks to hold for 10 years

Highlights The S&P/TSX Cannabis Index has lost 38.4 per cent year-to-date (YTD) and nearly seven per cent Monday With both big US political parties on the green band wagon and a record 68 per cent of Americans approving of pot for recreatio...

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Pot Stocks Rally As Cannabis Producers Set Sights on Green Wave in US

Pot Stocks Rally As Cannabis Producers Set Sights on Green Wave in US

Summary New York State’s governor Andrew Cuomo expressed probability of legalizing recreational pot next year. Canadian pot producers have their sights set on entering the lucrative US cannabis market, and once the recreational pot gets l...

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Cannabis Stocks Rally Ahead Of US Election 2020 Results: Aphria, Canopy Growth, Aurora

Cannabis Stocks Rally Ahead Of US Election 2020 Results: Aphria, Canopy Growth, Aurora

Canadian cannabis stocks, including those of Aurora Cannabis (TSX: ACB), Canopy Growth (TSX: CGC) and Aphria Inc (TSX: APHA), rode high in the markets this week. The rally comes just as the anticipation around the US presidential election results p...

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4 Pot Stocks Under C$5: HEXO, Neptune Wellness, Valens & Delta 9

4 Pot Stocks Under C$5: HEXO, Neptune Wellness, Valens & Delta 9

Summary HEXO Corp’s 10-day average volume is 2.2 million units. The stock has been ranked among TMX’s Top Healthcare stocks that are outperforming their peers in the last 30 days. Neptune Wellness Solutions’ stock has recovere...

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Canopy Growth (TSX:WEED) and Aurora Cannabis (TSX:ACB): 2 Trending Pot Stocks

Canopy Growth (TSX:WEED) and Aurora Cannabis (TSX:ACB): 2 Trending Pot Stocks

Summary Several pot producers and distributors have pinned hopes on the upcoming US elections, anticipating it will play a critical role in the marijuana legalization movement across the world. Canopy Growth stocks has gained over 20 per cent i...

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Rubicon Organics (TSXV:ROMJ) & Auxly Cannabis (TSXV:XLY): 2 Junior Pot Stocks to Explore

Rubicon Organics (TSXV:ROMJ) & Auxly Cannabis (TSXV:XLY): 2 Junior Pot Stocks to Explore

Summary Rubicon OrganicsTM ranks among TMX Money’s Rising Stars– a list of 50 upcoming TSXV stocks that have posted the largest price gains in the last three months. Auxly Cannabis Group’s 10-day average trading volume is 2.33...

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Canadian Stock Market’s Psychedelic Trip with MindMed & Revive Therapeutics

Canadian Stock Market’s Psychedelic Trip with MindMed & Revive Therapeutics

In August this year, the Canadian government approved a controversial psychedelic treatment for four terminal cancer patients. The recipients were administered the drug found in the so-called magic mushrooms or shrooms, to ease their end-of-life di...

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Aphria (TSX: APHA) Releases Quarterly Results, Aurora (TSX:ACB) Sells Key Asset

Aphria (TSX: APHA) Releases Quarterly Results, Aurora (TSX:ACB) Sells Key Asset

Summary The S&P TSX cannabis index tumbled over six per cent on Thursday as cannabis stocks fell following the release of Aphria’s Q1 FY21 financial results . Aphria’s net revenue was down 4.3 per cent quarter-over-quarter (QoQ)...

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Aphria Inc (TSX:APHA) and Fire & Flower (TSX:FAF): 2 Trending Cannabis Stocks

Aphria Inc (TSX:APHA) and Fire & Flower (TSX:FAF): 2 Trending Cannabis Stocks

Summary Cannabis stocks spiked on Monday after both Republicans and Democrats talked about the federal legalization of recreational marijuana in the US. Aphria Inc is set to release its first quarter fiscal 2021 results on October 15 and is cur...

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Aurora Cannabis, Aphria and HEXO: 3 Pot Stocks to Explore

Aurora Cannabis, Aphria and HEXO: 3 Pot Stocks to Explore

Summary The S&P/TSX Cannabis Index is down nearly 45 per cent YTD, though marijuana sales have made substantial headways this year. Aurora Cannabis (TSX:ACB) released its fiscal fourth quarter report on September 22, following which is saw ...

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5 ‘Growth’ Cannabis Stocks from TSXV: 48North, Namaste, VIVO, FluroTech, Organigram

5 ‘Growth’ Cannabis Stocks from TSXV: 48North, Namaste, VIVO, FluroTech, Organigram

Summary The cannabis market contributed over C$ 9.6 billion to Canada’s GDP in July 2020. The top four cannabis producers in Canada account for about C$39 billion in combined market capitalization. The TMX group recently shared a list of...

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Frequently Asked Questions

Marijuana stocks and the companies they represent are quite popular among investors, especially young investors. Since the industry is comparatively new, thanks to its legalization, it might have scope for further growth, which may be quite notable if both recreational and medicinal uses are further adopted by other countries in the world. The coming years may see further mergers and acquisitions in the industry that may leave only a few marijuana giants, the way it is with tech stocks.

It is hard to say which is the best cannabis stock in a market because stocks are subject to change based on market conditions. At the time of writing this, the top TSX cannabis stocks were Tilray (TSX:TLRY), Canopy Growth Corporation (TSX:WEED), Aurora Cannabis Inc (TSX:ACB) and Cronos Group Inc (TSX:CRON). The cannabis sector can be a little erratic at times and so perhaps it is best to consider well-established companies with big market caps. The above four are the TSX cannabis companies with billion-dollar market caps.

Cannabis seems to be a growing sector as of now. As more and more countries warm up to the potential medicinal benefits of cannabis, besides the legalization of its recreational use, it may help the Canada-based players that are developing expertise in the sector. The stocks might perform well in the longer horizon as the industry finds new markets outside of the home country. But there are downside risks as well as the sector may have passed its high growth phase.

In the US, the legalization of cannabis is a bipartisan issue. Over two-thirds of Americans say it should be legal for recreational use and 91 per cent agree it should be allowed for recreational or medical use. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act is expected to be okayed by the House before the Senate votes. Both major parties seem to agree on its legalization, at least. This might bode well for Canadian pot companies as they have the infrastructure already in place to produce and the research with regards to product creation. The big Canadian companies might look to expand into the US, if or when it is legalized. They may be possibilities to acquire smaller firms to aid in expansion.

In order for any stock to be a good investment in the long term, a lot depends on the sector the company operates in. Marijuana could be considered a growing sector as Canada-based producers have yet to tap the wider international market. If the global market welcomes marijuana products for their potential healthcare benefits, it might make the Canadian-listed stocks a good investment for the longer horizon. M&As with producers in other locations might also help these stocks to maintain dominance in the market.

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