On March 31st, 2021, New York legalized recreational cannabis, as well as extending its medicinal usage and decriminalizing the possession of small amounts of the drug. Following a shift in political and societal attitudes toward the industry, analysts and investors are turning their attention to marijuana stocks. Following the new pro-marijuana policies, the Bloomberg Cannabis Competitive Peers Index increased by 33%. Tilray, Inc. was the index’s first-quarter winner, gaining more than 170 percent and benefiting from retail investors. Both Canada and the United States are strong players in the cannabis industry. Analysts, investors, and other important stakeholders in the business appear to be bullish about the industry’s future prospects. Some of the firms to keep an eye on include Altria Group, Inc., Curaleaf Holdings, Inc. and Tilray, Inc.
Insider Monkey looks at the 12 best marijuana stocks to invest in. The ETFMG Alternative Harvest ETF manages $1.85 billion in assets. The fund’s price returns over the last year have been 59.91 percent, compared to 38.62 percent for the S&P 500. It comes in at number 12 on the list of the top marijuana stocks to buy. On the list of the best marijuana stocks to invest in, Curaleaf Holdings, Inc. is ranked 11th. Cannabis Operations and Non-Cannabis Operations are the two business segments of the company. Its stock has increased by 9.35 percent in the last six months and by 9.35 percent year to date. Cresco Labs Inc. comes in at number ten on the list of the top marijuana stocks to buy. Flowers, vape pens, live resins, disposable pens, and other kinds of cannabis are available from the company. Cresco’s headquarters are in San Diego, California. Sundial Growers Inc. manufactures cannabis products for the adult-use market in Canada. On the list of the best marijuana stocks to invest in, the company is ranked 9th. In the last six months and year to date, its stock has increased by 72.55 percent. On the list of the best marijuana stocks to invest in, Village Farms International, Inc. is ranked eighth. The Cannabis and Hemp Business section of the corporation manufactures and distributes cannabis products. In the last six months and year to date, it has risen 5.11 percent. For more details, click 12 Best Marijuana Stocks to Invest In.