As more and more U.S. legalise marijuana for both medical and recreational use, cannabis stocks have become increasingly popular. With the market growing, many businesses are considering investing in this booming industry. If you're looking to invest in US cannabis stocks, knowing which ones are the best is important. So, keep reading to find out!
Top 5 U.S. Cannabis Stocks
1. Curaleaf Holdings, Inc. (CURLF)
Curaleaf Holdings, Inc. is a vertically integrated cannabis business in 23 U.S. states. The company is known for its wide variety of cannabis products, such as edibles, oils, and flowers. Curaleaf has a significant presence on both the Northeast and West Coasts of the United States.
- Curaleaf is one of the largest cannabis companies in the U.S., with a market cap of over $12 billion
- The company has a diverse product portfolio and is expanding its operations through acquisitions and partnerships
- Curaleaf has reported strong revenue growth over the past few years, with Q4 2020 revenue of $230 million, up 205% from the previous year
2. Green Thumb Industries Inc. (GTBIF)
Green Thumb Industries is a U.S. cannabis company operating in 14 states that produces and sells cannabis products with a strong focus on the Midwest and East Coast regions.
- Green Thumb Industries has a market cap of over $7.7 billion, making it one of the largest cannabis companies in the U.S
- The company has a strong presence in key markets like Illinois, Pennsylvania, and New York
- Green Thumb Industries reported strong revenue growth with Q4 2020 revenue of $177.2 million, up 133.8% from the previous year
3. Trulieve Cannabis Corp. (TCNNF)
Trulieve Cannabis is a US-based cannabis company that operates in multiple states, producing and selling various cannabis products.
- Trulieve Cannabis is a large cannabis company in the U.S. with a market cap of over $4 billion
- The company operates over 80 dispensaries and has a strong presence in Florida
- Trulieve Cannabis has reported strong revenue growth, with Q4 2020 revenue of $168.4 million, up 92.6% from the previous year
4. Cresco Labs Inc. (CRLBF)
Cresco Labs Inc. is a multi-state cannabis company selling various cannabis products in Illinois, Pennsylvania, and California.
- Cresco Labs has a market cap of over $2 billion and is a fast-growing cannabis company in the U.S
- The company has a strong presence in key markets, including 10 dispensaries in Illinois
- Cresco Labs reported Q4 2020 revenue of $162.3 million, up 222.4% YoY
5. Innovative Industrial Properties Inc. (IIPR)
Innovative Industrial Properties Inc. is a REIT that leases properties to cannabis operators in multiple U.S. states like California, Colorado, and Michigan.
- Innovative Industrial Properties is one of the largest cannabis-focused REITs in the U.S., with a market cap of over $7 billion
- The company has a diverse portfolio of properties leased to well-known cannabis operators like Curaleaf and Green Thumb Industries
- It has reported strong revenue growth, with Q4 2020 revenue of $49.9 million, up 161.1% from the previous year
Cannabis in stocks can be a high-risk, high-reward proposition, but several U.S. cannabis companies have significant upside potential. Also, if you are considering investing in cannabis stock, you must conduct proper research and make the right choice.
US Stocks is coming soon on the Fi app. Stay tuned!
Frequently Asked Questions
1. What is the best cannabis company to invest in?
The best cannabis company to invest in can vary on various factors. Some top companies include Curaleaf Holdings, Green Thumb Industries, Trulieve Cannabis Corp., Cresco Labs Inc., Innovative Industrial Properties Inc., and Ayr Wellness Inc.
2. What are the top 5 cannabis companies?
The top 5 U.S. companies known to produce and market cannabis are Curaleaf Holdings, Green Thumb Industries, Trulieve Cannabis Corp., Cresco Labs Inc., and Innovative Industrial Properties Inc.