Marijuana Stocks Best Marijuana Stocks to Buy The cannabis industry continues to break into new grounds, chewing away at legal and societal barriers. We’re constantly witnessing mergers and acquisitions and lots of IPOs from businesses of all kinds leveraging the enormous opportunities in this new industry. Little wonder many investors today are looking for the best marijuana stocks to buy. Industry analysts currently put both legal and illicit sales of marijuana in the US at about $50 billion. And if recent statistics and analysis are anything to go by, the cannabis industry may grow to about $80 billion within the next decade. For the strategic investor, this definitely presents a golden opportunity. But in the sea of stocks trading here and there, you want to be sure you’re making a smart decision. Right now, there are a few stocks with great potential that continues to evoke the interest of savvy investors. If you’re looking for the best marijuana stocks to buy right now, below are a few of the stocks getting nods of approval from major Wall Street analysts. Aurora Cannabis Inc. (ACB) Aurora, now the largest cannabis stock by venture, debuted on TSX, the Canadian Venture Stock exchange in late 2016. This big marijuana company trades in the US on the NYSE with a focus on the production of medical cannabis. Aurora recently acquired MedReleaf, a major rival in a deal which till today is the largest marijuana deal. Aurora recently announced the appointment of Nelson Peltz, activist and consumer goods investor as a strategic advisor. The company is poised to produce more than 570,000 kg of cannabis each year through nine and two facilities in Canada and Denmark, respectively. ACB’s solid current operations and outlook have made it one of the best marijuana stocks to buy now. Corbus Pharmaceuticals (CRBP) Corbus is a biotech focused on producing cannabis-based therapeutics for the treatment of fibrotic and inflammatory diseases. With a market value of $461.5 million, CRBP enjoys positive ratings from some of the most influential analysts from Jefferies’ Maury Raycroft to Oppenheimer’s Leland Gershell who believes the next one to two years would be highly transformational for Corbus. With five consecutive buy ratings over the past three months, you should understand why CRBP emerged one of our top picks for the best marijuana stocks to buy. Constellation Brands (STZ) Constellation Brands already boast popular products such as the Modelo beer and the Svedka vodka. The giant corporation invested $190 million for a 37% stake in Canopy Growth, a cannabis-based firm. This was then followed by a $4 billion buy-in last year. The company is now focused on tapping into the vast pot potential for consumer goods. The current focus, however, is on cannabis-infused beverages which are expected to go on sale in 2019. Constellation already has an impressive reputation for its premium growth and excellent returns. If there is one marijuana stock that does away with the high risks that have become synonymous with many cannabis-only company stocks, it probably is STZ. Cronos Group Inc. (CRON) Toronto-based Cronos Group became the first marijuana stock to be traded on Nasdaq on February 27, 2018. Although the firm does not have a presence in the US, it’s heavily focused on cultivating medical marijuana, serving markets across Canada, Germany, and other international markets. It has entered into a joint venture with an Australian firm and currently constructing a facility in Israel. The company generated a modest $7.3 million in revenue in the 2018 fiscal year. But with so much potential for long-term growth, CRON definitely is one of the best marijuana stocks to buy and hold. Valens Groworks (VGWCF) You probably have never heard about Valens Groworks but this little-known firm is making a great impression on stock investors. Valens recently secured a two-year deal that will see HEXO supply it with 30,000 kilograms of cannabis and hemp biomass in the first year, followed by a much larger 50,000 kilograms in the second year. HEXO, one of Canada’s largest growers will also get a shot at broadening its portfolio in this healthy deal for Valens. Riding on this wave, Valens finished April heads and shoulders above other marijuana stocks with an incredible 58% growth. HEXO, on the other hand, finished 19% stronger. Both of these stocks are definitely worth the buy. Planet 13 (PLNHF) The little-known Planet 13 owns a 16,200-foot superstore in Las Vegas which till now is the largest cannabis dispensary in the US. daily traffic in the store has almost doubled in four months from 1,848 in November to an incredible 3,194 in March. Its Las Vegas flagship store thrives on its impressive technology integration and product diversity. There are plans in the works to add a consumer-facing processing site, an event stage, a pizzeria, and coffee shop later this year. PLNHF finished April with a 51% growth. Right now, this is one of the best marijuana stocks to buy. Marijuana stocks are thriving on the growth of specialty companies with recent earnings results also powering some of the recent boosts. With Cannabis legalization sweeping through America and the rest of the world, it makes much sense to expect the industry to keep this momentum. If you’re interested in any of the best marijuana stocks to buy now, you’ll need a brokerage account to start with. While you can easily acquire these stocks from most major brokers, availability will largely depend on whether the stocks are being traded over the counter, or on major exchanges.