Article originally appeared in High Times titled “The Weed Business Grows Up With Massachusetts-Based MariMed” by Adam Drury published on July 20, 2018.
Today, few things seem surer than an investment in cannabis stocks. As legal barriers to cannabis fall in markets around the globe, tremendous opportunities are emerging for the knowledgeable investor. The cannabis sector’s legal and economic landscapes are rapidly shifting, making keeping up to date with the latest moves of the market a must. But the increasing popularity of investments in the cannabis industry means accurate and reliable information about the best cannabis stocks to watch can be hard to come by. So before you decide which weed stocks to buy, here are five top pot stocks to watch in 2018.
Understanding Which Cannabis Stocks To Watch
Understanding the cannabis stock market isn’t as easy as many might like to think. Complex legal and regulatory frameworks, the undeniable influence of the black market and the often unpredictable nature of the cultivation and production process have created instability in the legal weed market. In short, the cannabis industry, especially in the U.S., is vulnerable in ways no other industry is.
And that makes investors vulnerable as well. Pump and dump schemes are still too common in the industry. Investor pages are full of press releases hyping companies above their real value.
Due diligence is critical when researching potential top pot stocks to watch. And it’s at the basis of this list of five excellent cannabis stocks to watch this year. Since Canada’s federal market is now fully legal, we start with a pair of Canadian marijuana stocks to buy now. Then, we list our top pot stocks to watch in the U.S. in 2018, as more cannabis companies go public.
The Canadian Weed Stocks To Buy Now
Last month, Canada made history by becoming the second country in the world to federally legalize cannabis for adults. And the nation’s federal medical cannabis program has been thriving for years.
But contrary to popular opinion, some of Canada’s cannabis giants are suffering from slow growth. Sure, goliaths like Canopy Growth and Aurora Cannabis are worth investing in, but right now it can pay to look elsewhere.
Based On Performance This Year, These Are The Cannabis Stocks To Watch
The best weed stocks to buy half-way through the year are those that have put down impressive gains. Several companies have seen their stock skyrocket over the preceding months, and the best are directing their winnings toward expanding their facilities and moving into emerging markets.
MariMed (NASDAQOTH: MRMD)
Based on it’s incredible growth, MariMed is one of the most exciting pot stocks to watch right now. Just this year, MariMed stock has increased at an eye-catching 240 percent. 180 percent of those gains, however, came in the last quarter alone.
MariMed, a leading professional management company in the emerging U.S. cannabis market, also specializes in cannabis products and edibles. The company recently announced revenue of over $2 million, representing an 81 percent year-over-year increase.
MariMed is also moving into medical markets in Massachusetts and Maryland. The company will add a 68,000 square foot production facility in Massachusetts to its cultivation and production facility in Maryland.
Read the rest of the original article here: https://hightimes.com/business/marijuana-stocks-watch-2018/