The cannabis industry as a whole is experiencing so much growth that investors are having a difficult time determining which cannabis stocks to buy in 2018. How do you even know which public companies are cannabis stocks? This list covers nine of the most interesting cannabis and marijuana stocks as of July 2018.
If you’re wondering why everyone is investing in cannabis stocks like there’s no tomorrow, it’s a bit of a gold rush at the moment. According to BDS Analytics, gross spending in the global cannabis industry is projected to reach $57 billion by 2027. needless to say, whether it’s recreational or medical cannabis, the industry is on fire (no pun intended). Cannabis stocks are hot and investors want in.
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List of Cannabis Stocks to Buy in 2018
1. OTCMKTS: TWMJF Canopy Growth Corporation
As the first licensed cannabis grower in North America, Canopy Growth has expanded tremendously in recent years with a total market capitalization of over $4 billion.
With over 700 full-time employees and millions of square feet for growing operations, TWMJF is no small operation. Moreover, the company is very well-known in the cannabis community for partnership deals with celebrities. Simply put, buying TWMJF stock provides direct exposure to the recreational and medicinal cannabis industries.
2. OTCMKTS: MSRT Massroots, Inc.
Massroots is a really interesting cannabis stock play for one reason: the company doesn’t actually make or sell cannabis. Instead, Massroots is a technology company that created a popular cannabis app with over 1 million active users.
Think of Massroots as a Yelp for cannabis. Users can rate and review different strains and varieties of cannabis, and then other users can use these reviews to make more informed decisions. It’s a novel idea and a pretty interesting cannabis stock investment.
3. OTCMKTS: LDSYF Lifestyle Delivery Systems, Inc.
Regardless of any potential benefits, one of the biggest stigmas with cannabis is the physical presence of smoke. Lifestyle Delivery Systems aims to mitigate that problem by creating cannabis infused oral strips.
Their main product, CannaStrips, is similar to a breath mint or Listerine patch, except it is packed with the active ingredients in marijuana. The strips dissolve in the users mouth and the effects are felt in 90 seconds or less. Given that smoking has demonstrable adverse health effects, a company dedicated to developing alternative ways to get cannabis into the body without setting it on fire certainly makes it a standout in a competitive field.
4. OTCMKTS: KAYS KAYA Holdings
Based in Florida, KAYA is one of the few cannabis companies that isn’t located in Canada. KAYA owns and operates cannabis companies that produce and sell cannabis flower concentrates, cannabis-infused foods, and cannabis topical creams.
Although they sell all of these types of products, the company is perhaps best known for their Kaya Shack™ Marijuana Superstore locations, where everything related to cannabis is sold in one convenient place.
5. OTCMKTS: CNTTF CannTrust Holdings, Inc.
Founded in 2015 in Ontario, Canada, CannTrust produces and distributes medical-grade cannabis without using pesticides. The two main types of cannabis CannTrust sells are dried cannabis as well as oil-based cannabis products.
Although the stock has taken a significant dive since the start of the year, a $450 million market cap is not trivial in the marijuana industry. Even near all-time lows, CNTTF could be poised to make a comeback as legislation in Canada and America becomes more cannabis friendly.
6. OTCMKTS: CGRW CannaGrow Holdings
CannaGrow designs, develops, and constructs legal cannabis growing facilities in the state of Colorado. Since Colorado was one of the first states to legalize recreational marijuana, the core business model of CannaGrow makes sense.
Say someone is looking to enter the cannabis growing business in Colorado, CGRW offers turkey solutions to make that happen. They provide avenues to obtain proper permits, quality staffing, building design, and onsite management. As long as marijuana business owners grow marijuana in Colorado, CGRW will have customers.
7. OTCMKTS: TRTC Terra Tech Corp.
Terra Tech is a fascinating cannabis investment play for 2018, because, according to their website, the company is committed to growing the highest quality cannabis and other agricultural products. This is an important aspect of TRTC, because they do not solely grow cannabis, they also use their advanced hydroponics technology to grow plain ol’ fashioned vegetables.
Although it’s not expected to stall or take a nosedive, should the cannabis industry hit a roadblock and falter, TRTC has wisely hedged their business; they are not solely a cannabis company. Moreover, in their cannabis segment, they own several medical marijuana dispensaries in California where they sell their own products, including edibles. If you’re looking for a cannabis company that manufactures and sells edibles (as edibles are expected to increase in popularity among those who dislike physical smoke but are open to legal recreational marijuana) TRTC is a solid choice.
8. OTCMKTS: PHOT GrowLife, Inc.
Headquartered near Seattle, Washington, GrowLife lives up to its name by providing cannabis growers in the US and Canada with soil, organic plant nutrients, lighting, hydroponics equipment, and other necessary items to successfully run a growing operation.
The company sells these products via its online store as well as in physical stores throughout the country. Additionally, GrowLife is both consumer-facing and business-facing, offering a myriad of cannabis operation consulting services to the latter and retail growing products to the former.
9. OTCMKTS: MJNA Medical Marijuana, Inc.
Unlike many of the other companies on this list, MJNA is a cannabis-specific investment company that owns over eight companies with eight different brands. According to the company’s site, their goal is to weave hemp products into the fabric of everyone’s day-to-day lives and make cannabis a force for good.
All of that sounds kind of lofty, but MJNA does have a lot of credibility in the cannabis industry. MJNA was the first publicly traded cannabis company in the United States. The company is also home to many other firsts, like being the first company to introduce medical cannabis products to Puerto Rico and Mexico.