Top Marijuana Stocks Before August 2022?

Top Marijuana Stocks Before August 2022?

The marijuana industry is expected to grow at a compound annual growth rate of at least 25% by 2030, and many investors are willing to take advantage of it. Entrepreneurs and existing business opportunities are increasing as states and countries as a whole decriminalize or legalize cannabis and/or its ingredients.

Investing in Marijuana Stocks

However, like other emerging industries, there are many investment risks. Whether you’re a first-time investor or a veteran, it’s helpful to understand how this industry works. This guide will give you a quick understanding of the best marijuana strain recommendations.

2 Marijuana Stocks To Buy Heading Into August

Best marijuana stocks in 2022

GREEN THUMB INDUSTRIES (OTC:GTBIF) Marijuana grower and retailer
CRESCO LABS (OTC:CRLBF) Marijuana grower and retailer
SCOTTS MIRACLE-GRO (NYSE:SMG) Ancillary provider


Green Thumb Industries

Green Thumb Industries is recognized as one of the largest cannabis operators in the United States. The company owns 77 cannabis retailers in 15 states and operates 17 manufacturing facilities.

Green Thumb holds about twice as many licenses as retail stores. Since the legitimate recreational marijuana market in Illinois opened in early 2020, the company has benefited from the tremendous growth in its home country.

As the cannabis market expands in other major states, including New Jersey and New York, Greensam should have ample growth potential.

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Cresco Labs

Like Green Thumb, CrescoLabs is based in Illinois. We operate cannabis retail stores in 10 states, including 6 of the 10 most populous states in the United States. Cresco is a leading wholesaler of branded cannabis products in the United States. The company is growing rapidly through acquisitions and opening new retail outlets. Cresco’s acquisition of ColumbiaCare (NASDAQ:CHL) makes Cresco the state’s largest operator by revenue. Upon completion of the transaction, Cresco will operate in 18 U.S. markets, including 12 states, with annual cannabis sales exceeding $1 billion.

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Innovative Industrial Properties

Because marijuana remains illegal at the federal level, U.S. cannabis companies cannot easily secure capital from banks and financial institutions. Innovative Industrial Properties (IIP) is helping solve the funding gap for growing marijuana companies.

Buy land owned by US medical cannabis operators and lease the land to them. The sale of the land to IIP will provide much-needed cash for the cannabis operator, and the lease will create a steady stream of income for his IIP.

Innovative Industrial Properties has grown rapidly in recent years and now owns properties in 19 states. The company continues to generate strong sales and revenue growth. Innovative Industrial Properties are organized as real estate investment trusts (REITs), so IIPs return at least 90% of their taxable income to shareholders.


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