It sounds strange and violates international rule when the US legalize a cannabis business. However, they have a strong reason why they do it until the result in $9 billion in 2017. Besides that, people search the top marijuana stocks the trading of cannabis increased up to $11 billion in 2019.
Furthermore, they predict the income reaches $21 billion in 2021.
The sharp increase in its business because they use cannabis as their medication necessary. So, do you attract to hunt the top marijuana stocks to watch?
5 Top Marijuana Stocks to Buy and Trade
Canada, apparently, also legalizes the trade of marijuana since last year. It becomes the best place to invest in the US.
The country has the same consideration that cannabis has a lot of benefits for health. Behind its dangerous when the user does not follow the rule, it can heal some serious diseases.
The medics usually use it to heal Arthritis, epilepsy, parkinsonism, anxiety, glaucoma, and so on. Although it relates to the medical field, anyone can buy the stocks.
Okay, if you interest to hunt it, let’s see the 5 best marijuana stocks below:
1. Innovative Industry Property (IIP)
This year, IIP becomes the best work performance cannabis stock because its profit that keeps increasing. REIT (Real Estate Investment Trust) make it as the marijuana company in the US with a limited payment option.
IIP can make you richer because it has a repeating work system. Even, it can increase the payment up to 140% during 2018. How can the company do it?
IIP has a stable customer’s flow to increase its portfolio and offer 1.9% result on recent price. The portfolio that increases 100% has had a long-term rent for the tenant until getting reward up to 15%.
It turns out investing in the best marijuana stocks here is very profitable. Moreover, when the tenant cannot pay the renting which commonly for 15 years. Of course, they will be difficult to take the positive reward from the stock.
Organigram is the Canadian manufacturer that reports 49% of clean income in the first quarter. The report is outside of the depreciation tax, amortization (EBITDA), and the profit before interest.
It turns out the clean income soaring 117% from the prior quarter. In the same time, the expenses of administration, selling, and generally only increase 27% become CA $5.7 million.
Truthfully, what is organism company? Okay, it is the only Canadian cannabis company which has a significant profitable income during the last quarter. Organigram trades its top marijuana stocks 2019 Canada in 23, 7 times. Seemly, it includes very high trading for the company like Organigram.
Trulieve becomes the most profitable cannabis company in b after reporting its profit of $16.5 million.
The company that exists in Florida operate 28 from 123 open drugstores there and it may reach 44. Although it is the most profitable marijuana company, Trulieve may unable to maintain its predicate in 2020 and so on.
However, you do not need to worry if you want to own the Florida cannabis stocks. Recently, it bought some assets in Connecticut, California, and Massachusetts. It is an effort to give a reward.
4. Emerald Health Therapeutics
It is a flower and cannabis manufacturer in British, Columbia which have 262 rewards in the last year.
5. Hydrophothecary Corporation
For your information that it is the only cannabis manufacturer in Quebec, Canada. The last 5 best marijuana stocks for growth in 2019 increase its stock 203% in the last year. It occurred when Hydropothecary Corporation was preparing to launch a separate recreation cannabis label.
7 Strategies to Trade Marijuana Stocks
Nevertheless, it is because of their bad habit that only skimming without understanding the content. So, read more than 3 times to get the real comprehension before practicing. Good luck!