Gold Leaf feminized
Courtesy of ILGM
You’ve been a cannabis consumer for a long time, and you’re ready to start growing your own—maybe to save some cash, or maybe because you’re curious. Either way, you probably don’t have too fancy of a setup, so you’re going to need a plant that can thrive in less-than-ideal conditions. You’ll probably also want a plant that’s patient with you as you learn the ropes.
The outdoor grower
If you’re looking for a higher yield and have a little more space, White Widow feminized is another easygoing strain, both in cultivation and effects. This hybrid is ideal for making art and low-key hangs with your best buddies. There’s a reason it won the Cannabis Cup in 1995!
You’ve been growing weed for a while and you’re ready to take on a new challenge. But you want a strain that’s going to reward all that hard work, with beautiful buds and even better highs. These legendary strains are perfect for your next big project, whether it’s business or pleasure.
Industrial cannabis grower and breeder Robert Bergman started I Love Growing Marijuana (ILGM) to spread his love for the plant and help cannabis consumers turn into successful cannabis growers. He’s written more than 200 grow guides on every stage of cannabis production, grow journals for learning from other growers, and in-depth profiles on the best cannabis strains.
Cannabis can be a tricky plant to grow—it has very particular light and nutrient needs. But because they’ve worked with so many growers, ILGM knows which strains thrive indoors or in small spaces, which ones are more forgiving than others, and which ones are high-maintenance but high-reward.
Only one of the companies listed below reported positive EPS growth in the most recent quarter.
These are the marijuana stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in the early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business’s value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The P/S ratio shows how much you’re paying for the stock for each dollar of sales generated.
Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have outperformed the broader market. MJ has provided a total return of 61.8% over the past 12 months, above the Russell 1000 index’s total return of 43.5%. These market performance numbers and all statistics in the tables below are as of June 25, 2021.
Fastest Growing Marijuana Stocks
Here are the top 5 marijuana stocks with the best value, the fastest growth, and the most momentum.
Momentum investing is a factor-based investing strategy in which you invest in a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks which have outperformed the market will often continue to do so, because the factors that caused them to outperform will not suddenly disappear. In addition, other investors, seeking to benefit from the stock’s outperformance, will often purchase the stock, further bidding its price higher and pushing the stock higher still. These are the stocks that had the highest total return over the last 12 months.
The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal, and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth, which remained strong despite the economic disruption caused by the pandemic.
On March 31, 2021, New York passed a law legalizing recreational cannabis, expanding medical use, and decriminalizing possession of small amounts of marijuana, among other measures. Not all of these provisions will go into effect immediately and there is no timeline yet on when all these measures will be fully implemented.
Source: Business Wire
GrowGeneration (NASDAQ:GRWG) is another company benefiting from the same trends that are boosting GrowGeneration’s sales. The company’s Hawthorne Gardening subsidiary ranks as a leading supplier of hydroponic gardening products to the cannabis industry.
1. Green Thumb Industries
Although Hawthorne Gardening is a primary growth driver for Scotts, the company still generates more than half of its total revenue from consumer lawn and garden products. The business, for similar reasons, has also benefited from the COVID-19 pandemic.
First, let’s cover some of the basics you need to know before investing in marijuana stocks:
The marijuana industry is expected to double in value by 2025, and many investors are seeking to profit. As states and entire countries decriminalize or legalize cannabis and/or its components, there are growing opportunities for entrepreneurs and existing companies.