This Top Marijuana Stock Is Becoming the "Microsoft of Weed"

Investors today are looking for the top marijuana stock to buy out of thousands, the one that will carry their portfolios into decades of growth. And this one pot stock, worth $16.5 billion in market cap, just might be it.

We're in the advent of marijuana stock trading, as cannabis is gradually achieving legal and mainstream acceptance. Money Morning Director of Cannabis Investing Research Greg Miller has even called 2019 the "Year of CBD," comparing it to the dot-com bubble of the '80s and '90s.

Imagine if you had invested in Microsoft Corp. (NASDAQ: MSFT) when it was $1 per share in November 1990 - maybe you even did. A $10,000 investment would have put you over $1,000,000 today.

That's where marijuana stocks are headed. It actually parallels the '90s tech boom quite closely.

The CBD industry has grown 80% in the last seven years... and it's not done. Tilray Inc. (NASDAQ: TLRY), for example, finalized a $100 million agreement with Authentic Brands LLC earlier this year to begin distributing CBD-infused products. Constellation Brands Inc. (NYSE: STZ), a giant in beer distribution, is investing billions in the same.

STAKE YOUR CLAIM: Three pot stocks in particular could be poised for rare, wild gains of up to 1,000%. Click here to learn how you could see a $2 million "pot payday"...

But even Tilray is not the Microsoft of Weed. While there are many must-buys in the budding cannabis market, we're giving you the one weed stock that's sure to become a blue chip in the years to come.

This Is Your Top Marijuana Stock for the Long Haul

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Canopy Growth Corp. (NYSE: CGC) is the top pot stock to own that closely resembles an early technology giant.

It's a massive marijuana conglomerate run by a group of visionaries that also keeps plenty of cash on hand for strategic acquisitions.

The company was founded in 2013 as Tweed Marijuana Inc. by partners Bruce Linton and Chuck Rifici. It was renamed Canopy Growth Corp. in 2015.

Canopy was the first licensed, federally regulated cannabis producer to be publicly traded on a major stock exchange. It was listed on the New York Stock Exchange as CGC in May 2018 and began trading on the Toronto Stock Exchange under the ticker WEED in 2014.

The company has also been described as Canada's first marijuana "unicorn" since it hit a $1 billion valuation in 2016.

As of last month, Canopy was considered the largest marijuana company in the world based on market cap.

This was in part due to the major deal with Constellation Brands that was announced last year. In August, the beverage giant announced it would take a 35% stake in Canopy, which boosted Canopy's market cap to an astounding $16.5 billion. As part of the deal, Constellation and Canopy plan to begin developing and marketing cannabis-infused sleep aids and beverages.

The Constellation deal is big news, but it's not the most recent news for Canopy.

This company already has a worldwide presence, but it's continuing to expand its reach through strategic partnerships and acquisitions.

In April 2019, it acquired Spanish-licensed cannabis producer Cáñamo y Fibras Naturales S.L., which gives the company additional access to Spain as well as Germany and Denmark.

But that's just the tip of the iceberg. Where the real money lies is in the potential for legalized pot in the United States, which we fully expect to see nationwide within the next several years.

Also in April, Canopy inked a $300 million deal with Acreage Holdings Inc. (OTCMKTS: ACRG), a British Columbia--based firm with a massive growing, processing, and dispensing network spread across the United States. According to the terms of the deal, Canopy will purchase 100% of the company if the U.S. government legalizes marijuana.

This is a deal worth $3.4 billion, and it puts Canopy in just about every major marijuana market on the planet. Acreage has current or planned operations in 19 U.S. states, which means that Canopy has made a sweep of this market virtually overnight.

Canopy has also purchased Colorado-based hemp research company Ebbu, which will help it expand its CBD market across the United States and North America.

These are just some of the latest major acquisitions and investments from Canopy, but there are other minor ones that are going to keep this company at the forefront of the sector.

It has dozens of minor investments in some of the best companies that develop and produce vape products, Canadian CBD, Canadian marijuana, and more.

It owns a large portion of Canopy Rivers Inc. (TSXV: RIV, OTC: CNPOF), which is a firm that it spun off in 2018 to take possession of Canopy's U.S. assets. Canopy Rivers even owns small portions of other legal marijuana concerns.

Granted, there will be plenty of marijuana success stories over the next 10 or 20 years, and some massive winners. But Canopy should have a spot in every investor's portfolio, since it will long be known as the King of Cannabis.

This Could Be a HUGE Game Changer for Congress (and for You)

We just held a live event with former Speaker of the House John Boehner and the most powerful people in the cannabis world for one important reason... to help you make a fortune from America's most controversial, misunderstood, and lucrative industry. If you missed seeing this historic event LIVE - and John Boehner's SHOCKING prediction - click here for a special rebroadcast.

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