As the cannabis industry continues to flourish, investors are on the hunt for the best US cannabis stocks to add to their portfolios. With the market expected to grow significantly in 2024, now is the perfect time to explore your options. This article will highlight some of the top cannabis stocks in the US that you should consider adding to your investment radar.
1. Canopy Growth Corporation (TSX: WEED, NYSE: CGC)
Canopy Growth is one of the largest cannabis companies in the world, with a strong presence in both Canada and the US. The company has a diverse portfolio of products, including cannabis, cannabis-infused beverages, and hemp-derived products. With a market capitalization of over $15 billion, Canopy Growth is a stable and reliable investment option for those looking to capitalize on the growing cannabis market.
2. Tilray, Inc. (NASDAQ: TLRY)
Tilray is another major player in the cannabis industry, with a focus on producing high-quality cannabis and cannabis-infused products. The company has operations in several countries, including the US, Canada, and Europe. Tilray has also made significant strides in research and development, which has helped the company to differentiate itself from its competitors. With a market capitalization of over $4 billion, Tilray is a promising investment for those looking to gain exposure to the global cannabis market.
3. Curaleaf Holdings, Inc. (NASDAQ: CURLF)
Curaleaf is one of the largest cannabis companies in the US, with a strong presence in 23 states. The company offers a wide range of cannabis products, including flower, concentrates, edibles, and topicals. Curaleaf has also made a name for itself in the hemp market, with a line of hemp-derived CBD products. With a market capitalization of over $3 billion, Curaleaf is a solid investment option for those looking to invest in the US cannabis market.
4. Acreage Holdings, Inc. (NASDAQ: ACBG)
Acreage Holdings is a vertically integrated cannabis company with operations in 21 states. The company offers a diverse range of cannabis products, including flower, concentrates, edibles, and topicals. Acreage Holdings has also made significant investments in research and development, which has helped the company to stay ahead of the competition. With a market capitalization of over $1 billion, Acreage Holdings is a promising investment for those looking to invest in the US cannabis market.
5. Green Thumb Industries, Inc. (NASDAQ: GTBIF)
Green Thumb Industries is a leading cannabis company with operations in 11 states. The company offers a wide range of cannabis products, including flower, concentrates, edibles, and topicals. Green Thumb Industries has also made significant investments in research and development, which has helped the company to differentiate itself from its competitors. With a market capitalization of over $2 billion, Green Thumb Industries is a solid investment option for those looking to invest in the US cannabis market.
Conclusion
As the cannabis industry continues to grow, these are some of the best US cannabis stocks to watch in 2024. Whether you're a seasoned investor or just starting out, these companies offer a range of opportunities to capitalize on the growing cannabis market. Remember to do your own research and consult with a financial advisor before making any investment decisions.
EXSPF Stock: The Ultimate Guide to Understa? Us stocks plummet
