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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Tilray (TLRY) & Canopy (WEED): TSX pot stocks to take note of right now?

Tilray (TLRY) & Canopy (WEED): TSX pot stocks to take note of right now?

The dream of cannabis legalization in the US had massively boosted Canadian pot stocks in 2020 around the time of the US presidential elections. Now, however, questions regarding its possibility seem to be hurting market sentiments. After high hop...

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2 TSX psychedelic stocks to trip on in February

2 TSX psychedelic stocks to trip on in February

Some Canadian pharmaceutical companies, like Numinus Wellness (TSX:NUMI) and Field Trip Health (TSX:FTRP), are said to be exploring legally approved psychedelic solutions to help people deal with different issues. A few recent studies have suggest...

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Canopy Growth (WEED) stock fell 72% in a year: Is it a cheap buy?

Canopy Growth (WEED) stock fell 72% in a year: Is it a cheap buy?

Canopy Growth Corporation (TSX: WEED) has been triggering some investor interest recently, despite a fall in its stock price. The pot maker is engaged in the business of cultivating, producing, and selling cannabis and hemp products for medical an...

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Numinus (TSX:NUMI): A psychedelic stock to explore amid 'shroom boom'?

Numinus (TSX:NUMI): A psychedelic stock to explore amid 'shroom boom'?

Stocks of Numinus Wellness Inc (TSX: NUMI) have been noting an uptick as the psychedelic-centered healthcare company nears the release of its Q1 FY2022 results this month. NUMI stock gained by over 13 per cent on Wednesday, January 12, recording a...

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What's next for Organigram (OGI) stock as it hits 'record' Q1 revenue?

What's next for Organigram (OGI) stock as it hits 'record' Q1 revenue?

Highlights: In Q1 2022, Organigram narrowed its net loss to C$ 1.3 million from C$ 34.3 million in Q1 2021. Organigram posted net revenue of C$30.4 million in Q1 2022, a record feat for the company. Organigram expects to achieve positive adjus...

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Clearmind (CMND) returned 300% YTD! A psychedelic stock to trip on?

Clearmind (CMND) returned 300% YTD! A psychedelic stock to trip on?

Highlights  Clearmind Medicine strengthened its balance sheet in 2021, and for the nine months ended July 31, the company had cash of C$ 6.6 million. As psychedelic stocks are becoming popular, investors have turned their attention to comp...

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The Green Organic (CSE:TGOD) rising on Q3 results. Buy call?

The Green Organic (CSE:TGOD) rising on Q3 results. Buy call?

Highlights The Green Organic is a global cannabis company and is known for its dedication towards innovation and sustainability. In Canada, Green Organic caters to the needs of the recreational cannabis market. The cannabis producer's gross re...

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5 TSX cannabis stocks to buy under $20 as US weighs decriminalization

5 TSX cannabis stocks to buy under $20 as US weighs decriminalization

Cannabis was legal in Canada since October 2018 and is a critical investment option for investors. On Tuesday, November 9, the S&P/TSX Cannabis Index plunged by 0.33 per cent. However, it has noted a month-to-date increase of 13.25 per cent. ...

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3 Canadian cannabis stocks to buy under $20

3 Canadian cannabis stocks to buy under $20

In the month of August 2021, Canada saw cannabis sales record a new monthly high of C$ 356.9 million, marking a year-over-year (YoY) growth of 5.2 per cent, according to Statistics Canada. Also, notably, the S&P/TSX Cannabis Index noted a YoY ...

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Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?

Is Canopy Growth (TSX:WEED) a cannabis stock to buy and hold?

Highlights At market open, Canopy Growth's (TSX:WEED) shares jumped five per cent and traded at C$ 17.39 per share. Canopy Growth is looking to acquire Wana Brands, one of the leading producers of edible cannabis products.  Canopy Growth ...

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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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