It’s no secret that the cannabis market is exploding. Some of the top cannabis stocks of 2020 have seen significant growth in a short period of time. Indeed, investors around the world are taking advantage of this new and exciting industry. Also, with more and more dispensaries popping up every month, the opportunity for success is huge. Medical marijuana, smokables, edibles, infused beverages, CBD, hemp…the list goes on. While some of the hype around marijuana stocks has gone down, there are still many thriving brands in the cannabis market space.

top cannabis stocks for 2020

Are these the three stocks to bring a new high to your portfolio?

3 Top Cannabis Stocks for 2020

1. Corbus Pharmaceuticals Holdings (Nasdaq: CRBP)

With revenue now projected to reach $4.64 million (up 140.4% in one year), the clinical-stage pharmaceutical company remains an interesting prospect. The cannabis stock has beaten consensus earnings per share estimates in two out of the last four reports. Potential investors should keep an eye out for the company’s upcoming earnings report, which is projected to be released on March 10.

2. Innovative Industrial Properties (NYSE: IIPR)

Up over 31% year to date, Innovative Industrial Properties continues to grow. Analysts have lifted share price to $151, a 7.1% increase. Also, the real estate investment trust saw revenues of $45 million over the latest full-year results. With real estate being such a huge growth factor in the cannabis market, this 5.3% yielding dividend stock is extremely enticing.

3. Valens Groworks Corp (OTC: VLNCF)

This Canadian-based cannabis company recently ended the fourth quarter with a record financial performance. The innovative cannabinoid-based manufacturing stock is currently trading at just $3.16. With a $468 market cap and a $58 million increase in revenue, Valens Groworks Corp. is one of the top-growing cannabis stocks for 2020.

Additional Cannabis Stock Resources

Top Cannabis Stocks for 2020 – What to Watch?

In summary, if you’re looking to invest in marijuana stocks, these three all have key indicators of note. Whether it’s a dividend with a high yield or a consistent outperformance of revenue projections, these are some of the top cannabis stocks of 2020.

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