Here are the top 5 marijuana stocks with the best value, the fastest growth, and the most momentum.
These are the marijuana stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue organically or through other means, and find growing companies that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.
Best Value Marijuana Stocks
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.
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.
Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have underperformed the broader market. MJ has provided a total return of 37.7% over the past 12 months, above the Russell 1000 index’s total return of 40.1%. These market performance numbers and all statistics in the tables below are as of July 26, 2021.
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Welcome to our ongoing strains collection. Cannabis is categorized into three main genetic types: indica, sativa, and hybrid. These categories mainly indicate how the plant is structured. Indica strains are known for their wide fan leaves and squat stature. While sativa strains often grow tall and spindly with long, thin fan leaves. Hybrid strains feature a variety of growth traits, from bushy to taller heights and with many different leaf variations. While indica, sativa, and hybrid strains all have feelings associated with them, keep in mind that even though their genetics will guide the experiences users have, each strain affects everyone differently, no matter its designation.