Marijuana Stocks on the Rise
BUZ INVESTORS Best Canadian Marijuana Stocks The hype around marijuana stocks is building some serious momentum. The potential for pot to become one of the next big products traded on the open market is clear and present. As the politics catches up to the market, we’re likely to witness an explosion in stock prices focused on the green herb. Nowhere is this more apparent than in the Great White North. Canadian marijuana companies and Canadian marijuana stocks are poised to see stratospheric rises as many expect the question “When will Canada legalize marijuana?” to be answered sooner rather than later.
The recent growth of the best marijuana stocks in Canada are being spurred on by the current Federal government of Justin Trudeau and his promise to legalize the drug. While some analysts were concerned that Trudeau and the Liberal government may go back on their word—after all, several other platform promises from the election have been scaled back or dropped altogether—the recent news points in the direction of the Canadian government’s intent on legalizing marijuana.
Best Canadian Marijuana Stocks
When Will Canada Legalize Marijuana?
The Canadian government has even gone so far as to reportedly put a date on when it plans to fully legalize the drug: July 1, 2018. (Source: “Liberals to announce marijuana will be legal by July 1, 2018,” CBC News, March 26, 2017.
Canada will be the first in the breach, so to speak, to see the ultimate impact of legalized recreational marijuana. Both the social and economic results of such a move will be watched keenly by nations in similar situations with the drug.
If the Canadian project does work out and yield beneficial results, then other countries will take note and even use it as an example of how to get marijuana legalized in a safe and profitable way for all those involved.
Safe to say, Canada would be thrust into the spotlight when (if) the marijuana legalization laws are eventually passed.
1. Organigram Holdings Inc (CVE:OGI)
As a marijuana penny stock, there’s more of a risk-reward structure to Organigram Holdings Inc (CVE:OGI), but recent news has pushed more on the risk side of things.
That the company is smaller has allowed it to show massive gains and expansion, with an expansion of over 231% in share value over the past 12 months.
2. Canopy Growth Corp (TSE:WEED)
Besides having probably the best ticker in the weed industry, Canopy Growth Corp (TSE:WEED) has a great many factors that make it one of the top marijuana stocks in 2017.
Canopy Growth has a dominant stake in the market with a $1.48-billion market cap, enough to blow many of its competitors away. Canopy Growth stock has jumped 12.8% in 2017 and has seen a WEED stock explosive 12-month run of a 222% increase.
3. Aurora Cannabis Inc (CVE:ACB)
Aurora Cannabis Inc (CVE:ACB) the classic great penny stock: massive returns for a relatively low barrier to entry.
4. Aphria Inc (TSE:APH)
While not as impressive as Aurora, with its massive rise, Aphria Inc (TSE:APH) has experienced strong returns of its own, gaining 421% over the past 12 months. Similar to Aurora, APH stock is one of the lower-priced marijuana stocks and, therefore, more aptly fits the bill of the best marijuana penny stocks of 2017, compared to a more household name like, say, Canopy Growth.
Click here for reuse options!
Copyright 2017 Investors Buz