420 Stocks to Profit With Marijuana Legalization
The 420 stocks on this list are some of the top players in the marijuana industry. In fact, more states are easing up their restrictions. And federal legalization is on the horizon.
It’s been challenging for these 420 companies to grow. That’s slowly changing, though. When the feds lift the old restrictions, that will boost marijuana stocks. Investors in some of these stocks should see some higher returns ahead…
420 Stocks With the Highest Revenue
- Curaleaf Holdings (OTC: CURLF)
- Green Thumb Industries (OTC: GTBIF)
- Trulieve Cannabis (OTC: TCNNF)
- Cresco Labs (OTC: CRLBF)
- Aphria (Nasdaq: APHA)
- Canopy Growth (Nasdaq: CGC)
- Columbia Care (OTC: CCHWF)
- Harvest Health & Recreation (OTC: HRVSF)
- Tilray (Nasdaq: TLRY)
- Aurora Cannabis (NYSE: ACB)
These stocks are ranked by their most recent quarterly revenue. And they give broad exposure to the marijuana industry. Let’s look at some of the company highlights.
Also, if you aren’t familiar with the history of 420, consider checking out that link. “420” is a widely-used marijuana term that has a unique origin story.
Marijuana Company Growth and Highlights
Curaleaf Holdings operates in more than 20 states and has more than 100 local dispensaries. It has many cultivation and processing sites. This reach has helped the company get more than 350,000 registered patients. Curaleaf is continuing to advance the entire cannabis market.
Green Thumb Industries makes and distributes cannabis products. Some of its leading brands include Dogwalkers, Dr. Solomon’s, Rythm and The Feel Collection. This 420 stock has more than 10 manufacturing facilities and close to 100 licenses for retail locations.
Trulieve Cannabis is a leading cannabis company in Florida. It’s vertically integrated, with a seed-to-sale approach. And this helps it create economies of scale. As a result, Trulieve Cannabis has roughly 50% of the entire Florida market.
Cresco Labs is one of the largest marijuana growers in the U.S. It operates in 10 states and has close to 20 production facilities. Cresco Labs is also helping to educate communities about cannabis. Cresco Labs is one of the top 420 stocks to consider.
Aphria is an international producer of medicinal and recreational cannabis. It’s already in 10 different countries. Another highlight for Aphria is its state-of-the-art cultivation. This helps it keep costs low. That’s an important consideration for investors.
Canopy Growth offers a wide range of cannabis products. It offers dried flowers, oils, softgel capsules, infused beverages, edibles and topical formats. This variety of products makes it a great 420 stock. In addition, Canopy Growth is expanding in many markets.
Columbia Care is helping to fight the opioid crisis. It’s helping to show that medical cannabis can be a safe and effective pain reliever. The CEO has pledged to help take 100 million doses of opioids off the street. This is a great effort that might help save many lives… and reward investors.
Harvest Health & Recreation offers flower, concentrates and edibles. This company got its start in Arizona, which legalized marijuana lasts year. This is a big move that’s benefiting Harvest Health & Recreation.
Tilray provides products to tens of thousands of customers. They include patients, physicians, pharmacies, hospitals, governments and researchers. Tilray is a global leader that spans five continents. If you’re looking for a well-diversified 420 stock, this is a good one to consider.
Aurora Cannabis is a Canadian cannabis producer. It has sales agreements in the European Union and beyond. It’s global footprint and strong portfolio of brands makes it a good investing opportunity.
Looking Beyond 420 Stocks
The companies above have been early movers. And going forward, they have great potential. When federal legalization happens, the entire marijuana industry should benefit.
Profit Trends’ Matthew Carr has been researching the industry for many years. He thinks the U.S. market could be worth $100 billion by the next decade. And if that prediction pans out, these 420 stocks have huge growth potential.
To find Matthew Carr’s recent investing insight, sign up for Profit Trends. It’s a free e-letter that’s packed with top-notch research. You’ll find some of the top marijuana opportunities and much much more. Many industries are growing like weeds.
About Brian Kehm
Brian Kehm double majored in finance and accounting at Iowa State University. After graduating, he went to work for a cryptocurrency company in Beijing. Upon returning to the U.S., he started working with financial publishers and also passed the CFA exams. When Brian isn’t researching and sharing ideas online, you can usually find him rock climbing or exploring the great outdoors.