Marijuana stock investors must’ve felt hard done by the U.S. election results a couple of months ago. Although, the Democrats won, investors would’ve loved to see a larger blue wave. However, marijuana legalization measures are in full swing, and those on the ballet have all been passed. The states where these laws were passed include Arizona, Mississippi, Montana, New Jersey and South Dakota. This significantly increases the outreach of cannabis producers. Overall, 2020 was a significant year for marijuana stocks. It was a year where the industry has made significant strides in gaining wider acceptance.
But where might the industry be headed in 2021? And which pot stocks should stand out the most in the new year?
While 2020 was a solid year for the industry, not all marijuana stocks had an easy ride. Many of the industry’s bigwigs are focusing on investing in equipment and have therefore posted sizeable losses. The economic slowdown caused by the novel coronavirus pandemic has also affected the industry. However, 2021 will likely lead to a reversal of fortune for many companies within this space.
With that in mind, let’s look at seven of the best marijuana stocks to buy in January:
- Aphria (NASDAQ:APHA)
- Green Thumb Industries (OTCMKTS:GTBIF)
- GW Pharmaceuticals (NASDAQ:GWPH)
- Trulieve Cannabis (OTCMKTS:TCNNF)
- Altria (NYSE:MO)
- Cresco Labs (OTCMKTS:CRLBF)
- Curaleaf Holdings (OTCMKTS:CURLF)
Marijuana Stocks to Buy: Aphria (APHA)
Aphria is Canada’s top cannabis producer which provides cannabis for medical, adult-use,