Marijuana Stocks to Buy 2020 – Top Marijuana Stocks 2020
Marijuana Stocks 2020 – Marijuana Stocks will be hot in 2020 as more and more states legalize cannabis and the fact that marijuana stocks crashed last year. Weed stocks rallied early last year as large companies such as Altria (MO) took big stakes in companies such as Cronos (CRON). Since that deal, marijuana stocks have seen huge declines which sets up for a rebound in 2020. Cronos (CRON) appears to be the top marijuana stock to buy in 2020 because it is a pure play. Looking at the marijuana biotech industry, GWPH is the leader. This would mean the best weed stock in 2020 remains GW Pharmaceuticals plc (GWPH) because they are using cannabis to treat diseases. I will give more details below. Keep in mind, most of these marijuana companies do not make money or have much revenue but I will give you a lot of good ideas and Marijuana Stocks to Invest in for 2020.
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Marijuna Stocks to Buy – GW Pharmaceuticals plc (GWPH) enters 2020 as my best marijuana stock idea. Shares of GW Pharmaceuticals plc (GWPH) recently dropped below $100 but was one of the top performing marijuana stocks last year, rallying from $105 to $195. This weed company treats diseases using cannabis. GW Pharmaceuticals plc, a biopharmaceutical company, focuses on discovering, developing, and commercializing cannabinoid prescription medicines using botanical extracts derived from the Cannabis plant. Its lead product is Epidiolex, an oral medicine for the treatment of refractory childhood epilepsies, as well as for the treatment of Dravet syndrome, Lennox-Gastaut syndrome, tuberous sclerosis complex, and infantile spasms. The company also develops and markets Sativex, an oromucosal spray for the treatment of spasticity due to multiple sclerosis. In addition, it develops various product candidates for the treatment of glioblastoma, neonatal hypoxic-ischemic encephalopathy, and schizophrenia
GW Pharmaceuticals (GWPH) is my top marijuana stock because it’s a non marijuana penny stock and they actually have some good things going on in the weed industry. GW Pharmaceuticals (GWPH) sports a $3.15 billion market cap and if they can start generating sales from discovery drugs, this stock can easily double again. While I don’t think most marijuana stocks are safe, if you are looking for a lower risk weed stock in 2020, keep an eye on GWPH. I’m expecting GWPH to rally from below $100 to over $150.
Cronos (CRON) – Cronos (CRON) is my best marijuana stock idea for 2020. Last year, tobacco giant Altria (MO) took a 45% stake in Cronos for roughly $12 per share. CRON stock rallied to $20 but has since dropped to $6. As we head into the 2020 election, this is my best cannabis stock for 2020 and I feel that shares can rally from the $7’s to over $10 next year. If this weed stock drops below $6, Altria might buy the rest of the company.
Best Marijuana Stocks – Another good marijuana stock in 2020 will be Alternative Harvest ETF (MJ). MJ is a marijuana ETF that has been great for trading. The fund owns Canopy Growth, GW Pharma, Tilray, Aurora Cannabis, and many more.
Alternative Havest (MJ) has rallied from $16 to $18 recently and could easily see more gains in 2020. This is a good marijuana stock to buy if you don’t prefer picking winners. I could easily see MJ hitting $25 at some point in 2020.
Looking for a Marijuana Penny Stock? Baristas Coffee (BCCI) rallied 600% last year as Baristas CBD Coffee Now Legal and Available Nationwide, Following Trump Hemp Farm Bill Approval. The new product, Baristas “EnrichaRoast CBD”, created in partnership with Flower Power, promotes the healthy intake of caffeine combined with high grade Cannabidiol “CBD”. Cannabidiol (CBD) is one of the most abundant compounds found in Hemp and Cannabis. Unlike other compounds found in Cannabis, CBD is legal, has no psychoactive effects, and will not cause the failing of a drug test or negative psychological effects. CBD has been reported to help strengthen and maintain physical, neurological and psychological states for optimal living
Other Marijuana Stocks to Buy – Below is a list of additional marijuana stocks to watch in 2020.
Medical Marijuana, Inc. (MJNA) – One of the most popular marijuana penny stocks, they produce medical marijuana products suchs as cannabis gum & hemp oils. They are actively involved in the capitalization, development and acquisition of hemp and medicinal hemp based consumer products as well as the supporting technologies.
Tilray, Inc. (TLRY) – Tilray, Inc. (TLRY) is a high beta cannabis stock and is the poster child of marijuana stock bubbles. TLRY IPO’d two years ago and exploded from $30 to $300 per share. With revenue of only $40 million, the stock is still expensive above $20 per share. Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa
Aphria Inc. (APHA) – A Marijuana Stock that is profitable? Yes, this weed stock is raking in the dough right now after turning a profit last quarter. Aphria Inc. produces, supplies, and sells medical cannabis in Canada. Its cannabis products include dried flowers and cannabis oils. The company sells its products through its online store and telephone orders, as well as MMPR licenced producers. Aphria Inc. is headquartered in Leamington, Canada.
Hemp, Inc. (HEMP) – Hemp, Inc. (HEMP) is your all american hemp stock. HEMP pretty much covers the news as far as marijuana and hemp goes. Hemp, Inc. focuses on supplying services, products, and information related to the medical marijuana industry or to those who have an affinity for the medical marijuana industry. The company is designing a Website to offer news, issues, entertainment, and education on medical cannabis issues.
Cannabis Science, Inc. (CBIS) – Cannabis Science, Inc., together with its subsidiaries, develops, produces, and commercializes phytocannabinoid-based pharmaceutical products primarily in the United States. The company is developing medicines for autism, blood pressure, cancer, cancer side effects, and other illnesses, as well as for general health maintenance.
More Pot Stocks 2020 – Penny Stocks – American Cannabis Company (AMMJ) – Cannabis Sativa, Inc. (CBDS) – Vitality Biopharma (VBIO) – Aurora Cannabis Inc. (ACB) – Yasheng Group (HERB) – The CannaBusiness Group, Inc. (CBGI) – Terra Tech Corp. (TRTC) – Canopy Groth (CGC) – Cara Therapeutics Inc. (CARA) – Innovative Industries (IIPR) – KushCo Holdings, Inc. (KSHB)