Since the CBD industry is booming, investing in CBD stocks is a great decision to make. However, with lots of CBD stocks available in the market, choosing the right stock to invest in can be daunting. So, to help you out, here are some of the best cannabis stocks to own in 2021.
One of the recommended cannabis stocks by experts is the GW Pharmaceuticals. If you are looking for investment that is trusted and hedge the bets, GW Pharmaceutical is certainly one of the best options. This stock gives investors an amazing way to get involved in the market of CBD and at the same time, bypassing the heated debate over legalization for the use of CBD for recreational purposes. The reason for this is because the company is not much interested in growing cannabis. Instead, they focus more on using CBD derived from CBD plant as an ingredient only in other therapeutic products that they offer in the market.
Another great option that you may consider is Cronos. This company is operating in the opposite end of the CBD market. They focus more on recreational CBD. This allows the company to grow in the market. One of the reasons why it is good to invest in Cronos is that it has partnered with American tobacco company Altria. The company is also known as one of the leading CBD growers in Canada. As a matter of fact, Cronos has grown its business in Canada and it is one of the biggest markets in the United States. So if you are looking for a company to invest in that has good reputation and stable profitability. Then this company is one of the best options you have in the market.
Next on our list is the Canopy Growth Corporation. The company is considered as one of the top CBD companies in the market. It is also one of the leading and biggest producers of CBD in Canada. Another best thing about this company is that it was able to attract high dollar investors who are interested in the CBD market. As such, when you look at the balance sheet and other financial statements of the company, you would realize that this is a company worth investing in. Canopy is also considered as one the best CBD stocks on the market when it comes to long term play.
Last on our list is the Aurora Cannabis. While there are lots of speculations stating that the Aurora Cannabis stocks would decline, the company proved that it is just a mere speculation. As a matter of fact, Aurora Cannabis is already performing way better that what others expected. The revenue of the company climbed 18 percent on a quarter over quarter basis/.
These are the top companies that you can invest in this 2021. Apart from the fact that they offer wide variety of products such as CBD oil, gummies, CBD cartridge and others, they have also impressive financial statements.