These Are The Only 3 Marijuana Stocks Worth Your Investment

With marijuana legalization on the books in Canada and the country preparing for sales of marijuana this coming October, marijuana stock investors are eager to go all in on the market right now. It is an easy time to spend money foolishly, especially as so many cannabis stocks continue to bounce up and down in the market.

The truth is, despite (or because of) marijuana legalization, there are only three weed stocks worth putting any money into at this time. Anything else right now is like playing the lottery. Here are the three best marijuana stocks in the industry today:

Canopy Growth Corporation

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Canada’s number one Licensed Producer Canopy Growth Corporation (TSX:WEED) is riding high since their jump to the New York Stock Exchange. And despite looking like they may have been overvalued earlier in the year, Canadian legalization showed that Canopy is still the company with the best-laid plans in the cannabis sector. In fact, the cannabis sector itself seems to flow in the direction of this industry titan, with stock prices rising and falling by their lead.

Crucial to their success is the fact that Canopy is the cannabis company for many local governments in Canada. The cannabis giant has signed supply agreements with Quebec, New Brunswick, Prince Edward Island, and Newfoundland and Labrador, among others. Furthermore, their international presence gives them a solid direction for the future. With a new dawn in Canadian cannabis, it is hard to see them as anything but undervalued.

Cronos Group Inc.

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Cronos Group Inc. (NASDAQ:CRON) (TSX-V:CRON) became a household name as the first pure-play marijuana stock to trade on an American exchange. Even Canopy Growth Corp. and Aurora Cannabis (TSX:ACB), the top two Licensed Producers in Canada, were envious. Unfortunately for weed stock investors, after a brief uptick share prices went down despite the groundbreaking news.

This year, Cronos announced a large bought-deal financing to scale into the international market. Moreover, they joined forces with MedMen, who themselves went public recently, to bring the brand across the border to Canada, making them one of the few marijuana stocks worth buying.

Aphria Inc.

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Despite a rough year for this marijuana stock, it is hard to count out one of Canada’s top Licensed Producers. Aphria Inc. (TSX:APH) (USOTC:APHQF) continues to make deals and bring in revenue, most notably this year with announcements in the international arena. Moreover, Aphria has the best C-Suite in the cannabis industry, one more than capable of making the right decisions.

Still, investor panic and conspiracy-level theories followed this Canadian pot stock, who, investors would be keen to remember has the third largest market cap behind Canopy and Aurora. Better still, they have the best front office in the whole industry.

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