As marijuana usage continues to get legalized across the globe, a lot of investors are hoping for marijuana stocks to prop up and create amazing investment opportunities for them. The 2020 Prime Alternative Harvest Index that covers the value and performances of numerous global cannabis firms wasn’t exactly very good. By the end of October, it was down by 37%. A lot of it could be attributed to the COVID-19 crisis as it did gather some momentum near the end and was down by just 16% at the end of 2020. However, marijuana stocks started off 2021 on a “high” and the index has risen by as much as 78% in February.
The patience which the marijuana investors have shown, has finally started kicking in. The index got its start on Dec. 18, 2017, and except for some excitement in September 2018 and spring 2019, it had mostly failed to deliver for investors through 2020. After the dreadful, COVID ridden 2020, 2021 promises to be better for marijuana investors. After Joe Biden’s victory in the Presidential elections and the Democrats ending up with a small majority in the Senate, regulations are probably going to be loosened up in the near future (though Kamala Harris’ dreadful record for jailing numerous Black men for marijuana usage is a dark spot).
Justin Strekal, political director of the National Organization for the Reform of Marijuana Laws (NORML), said in a statement: “Cannabis businesses have been deemed essential during this pandemic. Unfortunately, at the federal level, prohibition compounds the problems that this emerging industry faces. Small cannabis businesses, in particular, are facing tough economic times and access to traditional financial tools will help ensure that they can weather this pandemic.”
Here are the Best Marijuana Stocks in 2021
The Scotts Miracle-Gro Company (SMG)
Kicking off our list of the best marijuana stocks to buy, is The Scotts Miracle-Gro Company. It manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products. The company also provides gardening and landscape products, including water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and living goods and seeding solutions. In addition, it offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; and insect, rodent, and weed control products for home areas. The company offers its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick’R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake ÂN Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. It serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers through a direct sales force, and network of brokers and distributors. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.
Aphria Inc. cultivates, processes, produces, markets, distributes, and sells medical cannabis in Canada and internationally. This is a great marijuana stock for all investors. The company offers pharmaceutical-grade medical cannabis, adult-use cannabis, and cannabis-derived extracts and derivative cannabis products under the Solei, RIFF, Good Supply, Aphria, P’tite Pof, and Broken Coast brands. It serves patients and consumers through distributors and online. The company is headquartered in Leamington, Canada.
Innovative Industrial Properties (IIPR)
Next on our list of the best marijuana stocks to buy, is Innovative Industrial Properties, Inc. It is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Altria Group, Inc. (MO)
Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, oral tobacco products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands names; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in transportation, power generation, real estate, and manufacturing equipment industries. The company sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. Altria Group, Inc. was founded in 1822 and is headquartered in Richmond, Virginia. Definitely a great marijuana stock to consider if you are looking in that area of investment.
Constellation Brands Inc. (STZ)
Next on our list of the best marijuana stocks to buy, isConstellation Brands, Inc. Together with its subsidiaries, produces, the firm imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Drylands, SIMI, Charles Smith, Auros, Kim Crawford, Spoken Barrel, Prisoner, Champagne Palmer & Co, Meiomi, Robert Mondavi, Cooper & Thief, Mount Veeder, Schrader, Crafters Union, Nobilo, CuvÃ©e Sauvage, and Ruffino; and spirits under the Casa Noble, High West, Mi CAMPO, Nelson’s Green Brier, SVEDKA, The Real McCoy brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. The company was founded in 1945 and is headquartered in Victor, New York.
Curaleaf Holdings, Inc. (CURLF)
Curaleaf Holdings, Inc. operates as an integrated medical and wellness cannabis operator in the United States. It operates in two segments, Cannabis Operations and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. The Non-Cannabis Operations segment provides professional services, including cultivation, processing, and retail know-how and back office administration, intellectual property licensing, real estate leasing services, and lending facilities to medical and adult-use cannabis licensees under management service agreements. It offers oil-based formulations, such as vaporizing, cartridges, tinctures, and capsules; and ground-flower. It’s a great stock in the field of marijuana for people to invest in. The company also provides hemp-based CBD products. As of March 9, 2021, it operated 101 dispensaries, 23 cultivation sites, and 30 processing sites in 23 states of the United States. The company was founded in 2010 and is headquartered in Wakefield, Massachusetts.
Silver Spike Acquisition / WM Holding (SSPKU)
Another great marijuana stock for you to consider in 2021, is Silver Spike Acquisition Corp. It does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses operating in the cannabis industry. The company was incorporated in 2019 and is based in New York, New York.
Merida Merger Corp I (MCMJ)
Merida Merger Corp. is another great marijuana stock to buy in 2021. It does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the cannabis industry. The company was founded in 2019 and is based in New York, New York.
AdvisorShares Pure US Cannabis ETF (YOLO)
This is a great marijuana ETF for people to invest in. The investment seeks long-term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is non-diversified.
ETFMG Alternative Harvest ETF (MJ)
This is another great marijuana ETF for people to invest in. The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. The index is concentrated in the Pharmaceuticals, Biotechnology and Life Sciences group of industries and tracks the performance of the exchange-listed common stock (or corresponding ADRs or GDRs) of companies across the globe. The fund will invest at least 80% of its total assets, exclusive of collateral held from securities lending, in the component securities of the index and in ADRs and GDRs based on the component securities in the index. The fund is non-diversified.
So those were the best marijuana stocks to buy in 2021. If you are looking to invest in companies that deal with marijuana and marijuana based products, these stocks are great choices for you. Your money is most likely to ride high when invested in these marijuana stocks.