Cannabis Stocks

Tilray (TLRY) and WEED: 2 TSX cannabis stocks to buy in July

 Tilray (TLRY) and WEED: 2 TSX cannabis stocks to buy in July

TSX pot stocks can see some significant gains in the long term if the industry sees federal decriminalization in the US, which has been in talks for a while now.

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Big Pot Firms Canopy & Aphria Push Up TSX Healthcare Sector's MCap

Big Pot Firms Canopy & Aphria Push Up TSX Healthcare Sector's MCap

Summary Canopy Growth Corporation and Aphria now account for more than 67 per cent of the S&P/TSX Capped Health Care Index’s top 10 companies, representing an extraordinary rally. Aphria’s stock is up 253 per cent this year comp...

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Sundial Growers (SNDL) & Supreme (FIRE): 2 Pot Stocks To Buy Under $2

Sundial Growers (SNDL) & Supreme (FIRE): 2 Pot Stocks To Buy Under $2

Summary Sundial Growers and Supreme Cannabis were among the most active stocks on February 9 with a one-day volume of over one billion and 53.9 million, respectively. Supreme’s stock has swelled almost 187 per cent this year, with an exce...

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Canopy Growth (TSX:WEED) Stock Soars On Impressive Top Line

Canopy Growth (TSX:WEED) Stock Soars On Impressive Top Line

Canopy Growth Corporation (TSX: WEED) announced today its third quarter earnings for fiscal 2021, ended on December 31, 2020, with 23 per cent year-over-year top line growth. The company CEO David Klein stated that the record quarterly revenue was d...

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Buy Alert! Aphria (TSX:APHA) Stocks Surge 13%, May See Record High

Buy Alert! Aphria (TSX:APHA) Stocks Surge 13%, May See Record High

Summary Aphria eyes European markets for its recreational cannabis products. Aphria stock value (TSX: APHA) grew by around 160 per cent year-to-date. Its German facility to start harvesting cannabis in the first quarter of 2021. Aphria merged...

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2 TSX Cannabis Stocks To Hold In 2021

2 TSX Cannabis Stocks To Hold In 2021

Two giant cannabis consumer nations – the US and Mexico – are likely to legalize cannabis this year. Pot stocks are already rallying in anticipation of these legislative moves. The S&P/TSX Cannabis Index is up more than 80 per cent th...

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Is Canada The New Hotspot For Psychedelics?

Is Canada The New Hotspot For Psychedelics?

Canada is globally known for its liberal medical policies, be its public health care programs, medically-assisted death bill and, of course, the federal legalization of cannabis in 2018. Now, the country may even be inching closer to permitting the u...

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2 Growth Pot Stocks Under C$2 To Add To Your Portfolio

2 Growth Pot Stocks Under C$2 To Add To Your Portfolio

With the US and Mexico heading towards marijuana legalization, pot stocks are once again on the verge of a large rally. These stocks have been buzzing across North American markets for over a month now, buoyed by the supportive political ecosystem ...

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Growth Stocks: 3 Psychedelic Players To Explore

Growth Stocks: 3 Psychedelic Players To Explore

Summary The Vancouver-based Numinus’ stock has yielded 200 per cent returns in the last three months. The Canadian Securities Exchange (CSE)-listed Psyched Wellness’ shares have also delivered 200 per cent growth in one year. Newly...

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Supreme Cannabis (VFF) & Village Farms (FIRE): TSX Pot Stocks On Rise

Supreme Cannabis (VFF) & Village Farms (FIRE): TSX Pot Stocks On Rise

Summary Village Farms’ stock gained 110 per cent in one year and has a current market cap of C$ 1.17 billion. Supreme Cannabis is trading actively with an average volume of 6 million for the last 10 days. Its scrips are up 17 per cent yea...

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Supreme Cannabis (VFF) & Village Farms (FIRE): TSX Pot Stocks On Rise

Supreme Cannabis (VFF) & Village Farms (FIRE): TSX Pot Stocks On Rise

  The Canadian cannabis industry has recovered from the COVID-19 led slump and delivered 16 per cent returns in the last one year. The S&P/TSX Cannabis Index has surged by 44.67 per cent this year as Joe Biden, the new US president entere...

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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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