The marijuana green rush is on. The prices of marijuana stocks are modestly growing. Popular pot stocks are attracting all types of investors. But, not all marijuana stocks will take you to the profit zone. Some of them might frustrate you. That’s why you need to invest in the best marijuana stocks. Invest in profitable marijuana stocks and let your profits do the talking.
How to Choose Marijuana Stocks
Use the following guidelines to select the best marijuana stocks to invest in.
- Company management—before you invest in marijuana stocks, look at that company’s management. Go to its website. Go through the management. Try investigating the management team’s qualification. A company that employs visionary team leaders is likely to succeed that one with the average management team. So, before investing your hard-earned money in marijuana stocks, start with the management.
- Past customer experiences—past customer experiences determine the profitability of a company. A company that doesn’t satisfy its customers is likely to lose the market and make loses. This will affect stock prices. Thus, before putting your money in marijuana stocks, ensure that that company has a good reputation as far as customer satisfaction is concerned.
- Compliance—Ensure that the company you want to invest your money in is tax compliant. A company that isn’t tax compliant tends to face lots of legal suits—which can affect the value of its stock. Plus, a visionary company should hire a competent legal team to advise it on all legal matters. The company should also be compliant as far as the laws of the land are concerned. This will eliminate unnecessary government crackdowns which can affect the stocks.
- Revenues—don’t just invest your money in any company. Invest in a company that makes good revenues. Putting your money in a struggling marijuana company is only going to expose your investment to risks. So, look at the company’s revenues. How has it been performing in the past few years? Is it making profits or loses? Are profits improving or constant? These are some of the questions you should ask yourself before investing your money in marijuana stock. Invest your money wisely.
- Growth strategy—it’s also important to investigate the company’s growth strategy. Does it have a growth strategy in place? Is the strategy innovative? Does the company follow the strategy? These are the questions you should ask yourself before settling in stock.
- Diversification—Stock trading is a game of numbers. It does come with a lot of risks. Plus, the stock market is volatile in nature. Predicting what is going to happen in the future is extremely difficult. Plus, things like legal suits, management correspondences, etc. can affect the stock. Thus, it’s wise to diversify your risks. Don’t put all your money into one company. Look for at least 5 companies. With this strategy, you can eliminate things like surprises and massive losses.
- Legislation—what are the laws regulating the marijuana industry in your locality? Has that company complied? Is marijuana legal in your country? These are the answers you should seek before buying or selling marijuana stocks
Best Marijuana Stocks
Innovative Industrial Properties
Innovative Industrial Properties, which regularly appears on the top list, has been registering impressive results over the past few years. The company’s stock is stable and has been expanding the business—making it one of the best companies you can trust when it comes to investing your money in marijuana stocks. The company registered year-over-year growth of 140 percent in the past year. Plus, the company employs innovative expansion strategies—which gives investors’ confidence to invest in its shares.
Tilray
Tilray is one of the best marijuana companies. The company’s performance is impressive and has registered remarkable results over the past few years. The company’s fortune has been turning around—especially after it announced the acquisition of Privateer Holdings’ private equity. With Tilray, you have are sure of steady marijuana stocks that you can count on to take your investment game to another level. The company sells its products across Europe, US, and Canada. So, if you are looking for profitable marijuana shares to trade, then make the Tilray top your shopping list.
KushCo Holdings
Recently, KushCo Holdings used a well-published approach to improve its shares. The company managed to increase its shares by 21 percent. Also, it has been making efforts to cut costs and improve profits. Thus, you can expect the marijuana stocks of this company to go up in the coming days.
Organigram
Based in Canada, the company has complied with all regulations regarding the sale and distribution of marijuana products. Even more, the company registered an impressive after loss profit increase of 47 percent. With this revenue, investors can be sure of stable stocks.
Aurora Cannabis Inc.
After acquiring its rival company MedReleaf, the company’s fortunes have immensely improved. It’s estimated that the company has a $250 million worth of stock. The firm employs innovative techniques when it comes to cutting on costs and improving stocks. Aurora Cannabis Inc. is a company you can count on as far as investing in marijuana stocks is concerned.
Other Companies
Other companies you should consider investing your money in include:
- GW Pharmaceuticals
- AbbVie
- Cara Therapeutics
- Axim Biotechnologies
- The Scotts Miracle-Gro Company
- KushCo Holdings
- GrowGeneration Corp
- General Cannabis Corp
- mCig Inc
The Bottom-Line
Don’t just invest your money in any marijuana stocks. You have worked hard for that money of yours. So, use it wisely. Invest in strategy. Know how to properly invest in marijuana stocks. Research more. Familiarize yourself with the best strategies of mitigating common risks. Sharpen your trading skills. And above all, invest in the best marijuana stocks. The above are the best marijuana stocks you can invest in for a chance to nail huge profits. From Innovative Industrial Properties to Aurora Cannabis Inc.—these companies have demonstrated that they mean business and will guarantee you profits. Invest like a pro. So, invest in them and let your profits do the talking.
