Top 5 Cannabis Stocks for 2021

Cannabis has a complete disappointment for the last few years to say the least, but there are several big catalysts for the marijuana industry in 2021 that you should have your eyes on. 

The 2020 elections are one of the more intriguing recent events for cannabis as President Elect Joe Biden will be taking over in less than a month from now. This wouldn’t be very interesting except that the Georgia Senate race is still underway and the Republican majority is at risk in the Senate. Democrats have historically largely supported the legalization of Marijuana and with full control of the Senate, there may be a good chance things turn in 2021.

Here are the top 5 Cannabis stocks to keep an eye on in 2021.

#5 – GrowGeneration Corp (GRWG)

52 Wk High

Avg Vol

Earnings Date
March 27

Currently the largest hydroponics supplier in the United States with 36 retail and distribution centers. GRWG sells thousands of products, such as organic nutrients and soils, advanced lighting technology and state of the art hydroponics equipment used by commercial and home growers. GRWG has strategic partnerships with the biggest brand names in the industry, and offer a direct to farm delivery service along with equipment financing.

The potential US legalization in 2021 could play a huge role in expanding GRWG’s business for those who are willing to take a long position with this company. 

#4 – Tilray (TLRY)

52 Wk High

Avg Vol

Earnings Date
March 1

Tilray is a Canadian company focusing on cannabis research, cultivation, processing and distribution. The first GMP-certified medical cannabis producer to supply cannabis flower and extract products to tens of thousands of patients, physicians, pharmacies, hospitals, governments and researchers on five continents.

Tilray and Aphria combined forced mid December to create the largest global cannabis company in the world with a focus on cost savings and profitability. 

#3 – Global X Cannabis ETF (POTX)

52 Wk High

Avg Vol

Earnings Date

The Global X Cannabis ETF is one of the least expensive funds in Marijuana space. It is made up of 18 stocks of mainly Canadian marijuana companies including Aurora Cannabis (ACB), Aphria (APHA), Cronos Group (CRON), Tilray (TLRY), Canopy Growth Corp (CGC), Hexo Corp (HEXO), and more.  The inevitable rise of the Cannabis industry with the legalization efforts underway in the US will benefit many of the holdings in this ETF.

#2 – Canopy Growth Corporation (CGC)

52 Wk High

Avg Vol

Earnings Date
Feb 12

In 2014, Canopy Growth became the first cannabis company in North America to be publicly traded. Canopy Growth was the first to strike a strategic relationship with a Fortune 500 beverage alcohol supplier to bring exciting new products to market, and to enter into ground-breaking supply agreements to sell adult-use cannabis to provincial governments across the country. Most recently, in May 2018, it was the first cannabis-producing company to be listed on the New York Stock Exchange.

With recent mergers in the Marijuana space, Canopy Growth Corp could potentially be looking to make moves to acquire other assets. As with most Canadian Cannabis companies, the legalization efforts underway in the US are a major catalyst for these stocks.

#1 – Sundial Growers Inc. (SNDL)

52 Wk High

Avg Vol

Earnings Date
Expected March 30

Is Sundial Growers a good buy?

Yet another Canadian Cannabis company that has been dealing with its fair share of struggles for the last few years, but recent changes in executive management have proven to strengthen its financial position within the market. The recent elimination of its outstanding debt, partnership with Choklat cannabis chocolates, and strategic partnerships with Solventless Concentrates are indicators of the company moving in the right direction.

Sundial is trading under $1 at the moment; while this presents its own set of risks, the value of this stock could rocket with positive news during 2021.

** Our content is intended to be used for informational purposes only. It is imperative that you do your own research and analysis before making any investment. Always consult with a professional or your financial adviser before making an investment decision.

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