Cannabis Stocks
Kalkine Media explores 5 TSX pot stocks to watch in November
- November 01, 2022 06:41 AM EDT | Team Kalkine Media

With the growth in the sector, governments at a global level are moving towards legalizing the use of Cannabis. The S&P/TSX Cannabis Index witnessed a QTD (quarter-to-date) increase of 24.84 per cent and had an adjusted market capitalization of C$ 8.751 b
Is Numinus (TSX:NUMI) a psychedelic stock under 50 cents to buy?
- July 19, 2022 02:01 AM EDT
- Kajal Jain
Tilray (TSX: TLRY): A cheap pot stock to buy right now?
- July 18, 2022 03:31 AM EDT
- Kajal Jain
Tilray (TLRY) and WEED: 2 TSX cannabis stocks to buy in July
- July 01, 2022 06:52 AM EDT
- Kajal Jain
Is Canopy Growth (TSX: WEED) a cheap marijuana stock to buy?
- May 30, 2022 11:12 AM EDT
- Kajal Jain

Will Tilray (TLRY) become the next big cannabis stock in North America?
- August 18, 2021 09:58 AM EDT | Raza Naqvi
Stocks of Canadian pharmaceutical and cannabis company Tilray (TSX:TLRY) surged by 0.3 per cent and closed at C$ 16.53 per share on Tuesday, August 17. The cannabis producer's shares in the US market were up by about seven per cent during p ...
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PharmaCann IPO: How to buy this marijuana firm’s stock?
- August 17, 2021 05:44 AM EDT | Raza Naqvi
Chicago-based integrated cannabis company PharmaCann is reportedly looking to go public this year and could value over US$ 1 billion at the time of its initial stock offering. Notably, PharmaCann is one of the few medical pot operators in ...
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9 marijuana stocks to buy & hold for Canadian investors
- August 10, 2021 04:13 AM EDT | Ipsita Sarkar
After witnessing a FOMO-styled green rush following pot legalization in October 2018, marijuana stocks in Canada went on to eventually decline. Amid COVID-19 breakout in 2020, however, pot sales quickly skyrocketed to register record highs. ...
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Canopy Growth: Is there more room for growth in WEED stock?
- July 23, 2021 06:39 AM EDT | Shreya Biswas
Stocks of Canopy Growth Corporation (TSX: WEED) closed at C$24.93 on Thursday, July 22, down nearly 3 per cent. The stock is nearly 65 per cent below its 52-week high of C$ 71.70 (February 10, 2021) and nearly 36 per cent above its 52-week ...
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6 Canadian pot stocks to buy that can grow like a weed
- July 16, 2021 06:37 AM EDT | Ipsita Sarkar
Summary The 2018 legalization of recreational cannabis in Canada saw pot producers in the country note a massive boom in their businesses. Now, with the US looking at a federal legalization of adult recreational marijuana use, pot manuf ...
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Canadian pot stocks wibble-wobble as US moves closer to legalize weed
- July 14, 2021 11:16 AM EDT | Anuj
Summary The US government floated the draft bill to legalize recreational marijuana federally on July 14. Meanwhile, Canadian pot stocks have responded disproportionately. Tilray’s stock was up almost two per cent intraday. In co ...
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Top 10 cannabis stocks to buy in 2021
- July 08, 2021 01:09 PM EDT | Ipsita Sarkar
Canada’s cannabis market is among the top performing ones in the country, having recorded sales worth around C$ 2.6 billion in 2020. The pandemic, which wrecked operations for most businesses, saw cannabis sales fly in the country la ...
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Can investors 'fly high' with NUMI stock in future?
- July 06, 2021 10:22 AM EDT | Raza Naqvi
Numinus Wellness Inc. (TSXV:NUMI) Numinus Wellness Inc. (TSXV:NUMI) is set to acquire the Neurology Centre of Toronto (NCT) and expand the centre into a clinical neurology treatment centre, the company announced on Tuesday, July 6. Numi ...
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Best psychedelic stocks to explore in Canada
- June 29, 2021 08:32 AM EDT | Raza Naqvi
The growing enthusiasm around psychedelic drugs as a treatment for mental illness is likely to bring a massive change in this evolving sector. Amid an expanding wave of research studies, people are becoming more aware of the benefits of the ...
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MindMed (MNMD) & 3 more psychedelics stocks to trip on in 2021
- June 24, 2021 12:01 PM EDT | Raza Naqvi
Psychedelics have evolved over the years and now they are being considered as a potential tool to treat mental illness and addiction issues. The entire psychedelics industry is under the spotlight in North America amid increased acceptance ...
Read More...Frequently Asked Questions
What's the potential for marijuana stocks?
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.
What is the top cannabis stock to buy?
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.
How do you think TSX cannabis stocks are going to do?
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.
Where do you feel like cannabis is going in the stock market?
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.
Are marijuana stocks a good long term investment?
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.