Track The Leading Cannabis Stocks

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to buy and watch. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPOs.

X

Those phrases have become increasingly common as marijuana legalization spreads across U.S. states and Canada. And investor interest in the industry continues to rise as leading pot players continue to chew away at legal barriers, where the federal government still outlaws cannabis.

Currently, nine states and Washington, D.C., have legalized recreational marijuana, while 29 states have legalized medical weed.

IPO Watch: Marijuana Stocks

Canadian pot producer Canopy Growth Corp. (CGC) in May began trading on the New York Stock Exchange. The Canopy IPO followed the debut of Cronos Group (CRON) on the Nasdaq in February. MedMen, a U.S. marijuana company valued at $1.65 billion, had its IPO in Canada in May as well. Still, the industry remains volatile, and inconsistent regulations could make expansion difficult.

Marijuana Vs. Beer And Tobacco

Big money is pouring into the legal cannabis market, potentially steering more U.S. consumers toward weed. Struggling beer and tobacco companies are using that trend to find new business. One approach is to look for opportunities within the increasingly popular products in MedMen’s stores. For example, the cannabis drinks stacked in a refrigerator near the corner, or the sleek vaping devices and tins of prerolled joints. Read More

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

YOU MAY ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders