Which are the Best Cannabis Stocks? Cannabis Stocks are about to take off with Cannabis Federal Legalization. And, you may want to take advantage of this once in a generational opportunity. So, if you find yourself asking: What are the best cannabis stocks? Then, here are the Best Cannabis Stocks. Also, you may also be wondering how to invest in stocks and that is how you came about my website: Cannabis Investing Newsletter. In fact, cannabis stocks represent one of the greatest investment opportunities of a generation and, with Federal Legalization of cannabis about to occur, this makes cannabis investments one of the best sectors to focus on.
Because of that, you will want to know all you can about cannabis stocks, the process of cannabis federal legalization, how to invest in stocks, and finally how to pick the best cannabis stocks.
First, Cannabis Federal Legalization will mean cannabis stocks are going up. Cannabis companies are rolling out products throughout the United States, Canada, and parts of Europe & Latin America. So, this means the opportunity for these companies to grow is immense. And, cannabis stocks will go higher. Therefore, picking the best cannabis stocks will be a big priority.
Here Are The Best Cannabis Stocks – My Top Picks
1. C21 Investments CXXIF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 3,193% |
| Internal Rate of Return (IRR) | 111% |
| Market Value vs Intrinsic Value | |
| Market Value | $0.25 |
| Upside | $7.98 |
| Intrinsic Value | $8.232 |
- Buy-In Price: $0.50
- Target Price: $8.31
Visit: C21 Investments CXXIF Stock Forecast & Analysis
2. Decibel Cannabis DBCCF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 1,578% |
| Internal Rate of Return (IRR) | 59% |
| Market Value vs Intrinsic Value | |
| Market Value | $0.07 |
| Upside | $1.13 |
| Intrinsic Value | $1.21 |
- Buy-In Price: Buy NOW; Accumulate Under $0.25
- Target Price: $1.50 – $1.75
Visit: Decibel Cannabis DBCCF Stock Forecast & Analysis
3. High Tide HITI Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 3,162% |
| Internal Rate of Return (IRR) | 127% |
| Market Value vs Intrinsic Value | |
| Market Value | $1.57 |
| Upside | $49.64 |
| Intrinsic Value | $51.210 |
- Buy-In Price: $5.00, $6.00, & $7.00
- Target Price: $54.90
Visit: High Tide HITI Stock Forecast & Analysis
4. IM Cannabis Corp IMCC Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 2260% |
| Internal Rate of Return (IRR) | 84% |
| Market Value vs Intrinsic Value | |
| Market Value | $1.06 |
| Upside | $23.95 |
| Intrinsic Value | $25.01 |
- Buy-In Price: Buy Now @ $3.00
- Target Price: $21.50
Visit: IM Cannabis Corp IMCC Stock Forecast & Analysis
5. Jushi Holdings JUSHF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 604% |
| Internal Rate of Return (IRR) | 42% |
| Market Value vs Intrinsic Value | |
| Market Value | $1.94 |
| Upside | $11.71 |
| Intrinsic Value | $13.65 |
- Buy-In Price: Buy NOW; accumulate from $4.00 – $6.00
- Target Price: $7.50
Visit: Jushi Holdings JUSHF Stock Forecast & Analysis
6. Lowell Farms LOWLF
| Rate of Return | |
|---|---|
| Target Price Upside | 8349% |
| Internal Rate of Return (IRR) | 188% |
| Market Value vs Intrinsic Value | |
| Market Value | $0.29 |
| Upside | $24.00 |
| Intrinsic Value | $24.29 |
- Buy-In Price: Buy NOW; Accumulate under $1.30
- Target Price: $32.50
Visit: Lowell Farms LOWLF Stock Forecast & Analysis
7. MariMed MRMD Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 891% |
| Internal Rate of Return (IRR) | 66% |
| Market Value vs Intrinsic Value | |
| Market Value | $0.51 |
| Upside | $4.54 |
| Intrinsic Value | $5.05 |
- Buy-In Price: Buy NOW
- Target Price: $7.50 – $12.50
Visit: MariMed MRMD Stock Forecast & Analysis
8. Planet 13 Holdings PLNHF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 738% |
| Internal Rate of Return (IRR) | 85% |
| Market Value vs Intrinsic Value | |
| Market Value | $1.27 |
| Upside | $9.37 |
| Intrinsic Value | $10.643 |
- Buy-In Price: $5.50
- Target Price: $12.50
Visit: Planet 13 Holdings PLNHF Stock Forecast & Analysis
9. Schwazze SHWZ Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 1,380% |
| Internal Rate of Return (IRR) | 70% |
| Market Value vs Intrinsic Value | |
| Market Value | $1.80 |
| Upside | $24.84 |
| Intrinsic Value | $26.64 |
- Buy-In Price: Buy NOW; Accumulate Under $2.00
- Target Price: $17.50 – $35.00
Visit: Schwazze SHWZ Stock Forecast & Analysis
10. TerrAscend TRSSF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 516% |
| Internal Rate of Return (IRR) | 53% |
| Market Value vs Intrinsic Value | |
| Market Value | $5.93 |
| Upside | $30.60 |
| Intrinsic Value | $36.53 |
- Target Price:
- TRSSF: Buy Now.
Visit: TerrAscend TRSSF Stock Forecast & Analysis
11. Trulieve TCNNF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 514% |
| Internal Rate of Return (IRR) | 47% |
| Market Value vs Intrinsic Value | |
| Market Value | $14.36 |
| Upside | $73.81 |
| Intrinsic Value | $88.17 |
- Buy-In Price: Buy NOW
- Target Price: $78.50
Visit: Trulieve TCNNF Stock Forecast & Analysis
12. Verano Holdings VRNOF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 537% |
| Internal Rate of Return (IRR) | 54% |
| Market Value vs Intrinsic Value | |
| Market Value | $6.00 |
| Upside | $32.19 |
| Intrinsic Value | $38.19 |
- Buy-In Price: Buy NOW; Accumulate Under $12.50
- Target Price: $61.93
Visit: Verano Holdings VRNOF Stock Forecast & Analysis
13. Vext Sciences VEXTF Stock
| Rate of Return | |
|---|---|
| Target Price Upside | 3500% |
| Internal Rate of Return (IRR) | 109% |
| Market Value vs Intrinsic Value | |
| Market Value | $0.29 |
| Upside | $10.30 |
| Intrinsic Value | $10.60 |
- Buy-In Price: Buy Now @ $0.58
- Target Price: $2.50
Visit: Vext Sciences VEXTF Stock Forecast & Analysis
14. YourWay Cannabis: YOURF
- Buy-In Price: Buy Now @ $0.175
- Target Price: $2.75
Getting Ready For The Best Cannabis Stocks & Federal Legalization
The cannabis sector is going to see tremendous growth in revenues and profits. Because of that reason, cannabis stocks are absolutely stocks to keep track of. And, this is a once in a generational opportunity to create significant wealth in the stock market. But, there are some 350 different cannabis stocks. Which stocks are the best cannabis stocks to buy now? Who has time to sift carefully through some 350 different marijuana stocks? No one can readily do that in any reasonable period of time. Well, no one except me. And, I am doing just that, and I have created this list of the best cannabis stocks to buy.
I am sifting through some 350 different cannabis stocks to find out which are the best marijuana companies and which ones are a bust; to find out which cannabis stocks are the best marijuana stocks to buy now. There are certain criteria that I am looking through to see which of these cannabis companies fit the most optimal criteria.
What are the Best Cannabis Stocks?
Here are my favorite cannabis stocks. And, here are the best cannabis stocks to buy now. Keep in mind that I am working through some 350 different cannabis stocks to determine which actually are the best cannabis companies to buy. I am comparing each of these stocks to each other.
By comparing each of these cannabis stocks I can get a sense of which cannabis companies are the better performing and which are going to outpace others. Also, I have a solid idea of which are the best cannabis stocks to buy, which are the best cannabis stocks to watch, and which cannabis stocks to avoid.
These are my Top Picks of cannabis stocks to buy now. Each of these cannabis companies is poised for long-term growth. It is my belief that if you took a very long-term approach, owned a basket of these stocks then over a very long period of time, say 2.5 – 5 – 10 years, or more, you would very likely gain significantly with stock ownership of these cannabis stocks.
I am constantly updating this listing so you should stop back on a frequent basis.
Value Investing & The Best Cannabis Stocks
First, and most importantly, I am a value investor. I use the same exact principles as Warren Buffet when determining how valuable a cannabis company should be. I look at certain metrics such as Revenues, Gross Margins, Total Operating Costs, EBITDA, and Net Income.
From these metric points, I determine which cannabis companies will outpace the others, which cannabis stocks are going to outperform other stocks. This is the same investing methodology used by the greatest value investors of all time such as Warren Buffett, Charlie Munger, and others.
The Pace For The Best Cannabis Stocks
Cannabis stocks are going to move rapidly. As companies begin production we are seeing revenue growth rates in excess of 100% annually. And, while some companies may outperform an existing industry, no other industry on a whole is ramping up as quickly as the cannabis industry and outperforming the entire economy. Also, marijuana stocks are moving higher because of it.
The stock market is moving higher simply because of economic factors. But, cannabis stocks will move higher at a much faster rate at some point in the very near future. You will be able to watch some of these marijuana stocks move upwards as the industry expands. You can keep pace with the broader industry by watching the revenue growth rates of various cannabis companies.
The Best Cannabis Stocks & Gross Margins
Gross Margins are the measure of how much gross profit is made from revenues after a company deducts product costs. The only two numbers in this are total revenues less cost of goods, divided by total revenues.
Basically, the higher the gross margins the more money is kept after a sale for the business; you want the highest possible number. Knowing this is one of the first steps in knowing how to invest in cannabis stocks.
Operating Efficiencies & Total Operating Costs
What are Total Operating Costs? Total Operating Costs are those costs for running a business not associated with actually making the product (That would be determined by total gross margins). So, Total operating costs are Sales, General, & Administrative. Also, Depreciation and Amortization are factored from this.
Typically, as they suggest, costs associated with sales, generally running the business, and other administrative costs such as executive payroll are deducted from this. But, with costs such as rent, any expense for rent to manufacture a product would be deducted from gross revenues in the section above whereas rent for administrative expenses would be deducted from total operating costs.
What remains after these deductions is total operating profit. But, if you retain deductions and amortization, what you have is the pre-tax core business costs; this is also called EBITDA.
EBITDA Profits
One measure that is especially helpful to fledgling cannabis companies is EBITDA profitability. This measure determines if the core business could be profitable and how soon that may be.
The core business expenses, cost of goods and operating expenses typically have a fixed amount with salaries and rents. Given that, if there is enough volume moving through the company then profitability can be achieved via economies of scale and ramped up productivity.
Once a company achieves EBITDA profitability, the likelihood of net earnings positive increases significantly. But, EBITDA profitability does not necessarily mean the company is profitable. This is only one line in the financial statement (Please note: EBITDA is a very useful tool for new companies but not as useful with companies that are already profitable. Also, although is very useful and widely used with new companies EBITDA is not a GAAP metric).
How low can these stocks go? I am an investor in OGI. I have been holding and averaging down as best I can. I did benefit from the pop in early 2021 and bought back after it dumped. Is it retail investors or hedge funds that are driving this down? I find it hard to believe that at current share prices that shorting would be an attractive option. Will there come a point where these actors will find it beneficial to get on the bullish side of the trade? OGI has a market cap of 142 million with no debt and 70 million cash in the bank. Are they just trying to shake our all retail investors?
That classic; “The market can remain irrational longer than you can stay solvent” must be borne in mind, especially since you’ve been a buyer during an extended down trend, and most-especially since you’ve fancied yourself the opportunistic trader. No double-standard is afforded to any Retail. Remember, the markets don’t give a flying FK about any disagreement anyone has with reality marked-to-market for all to see and newly decide every single market day.
Hello D.H. : Hoping you can update all this listing pretty soon.
I’ve been working on this list in the background the past few days. I will have time over next week to get it all up to about 100%