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If you think it's too late to be investing in marijuana stocks, think again.
According to the National Institute for Cannabis Investors, legal marijuana was a $10.8 billion market in 2018. But by 2029, it's estimated the market could hit a whopping $2.6 trillion in annual sales.
That's growth of 23,974%. For the entire industry.
But how do you choose the right marijuana stocks to buy? There are hundreds of companies, many with tiny valuations, all trying to vie for your investment dollars.
Many are legitimate businesses, trying to break into one of the fastest-growing industries the world has ever seen. However, many others are just trying to take advantage of unwitting investors. These companies often have very small market caps and trade on "over the counter" exchanges or on the Pink Sheets.
One of the safest ways to invest in burgeoning industries like marijuana is to find the biggest, most stable companies in the sector.
Below, you'll find a list of the 50 biggest companies currently operating in the marijuana space, according to the National Institute for Cannabis Investors. Note, not all of these are traditional "marijuana stocks." Some are large biotech or pharmaceutical companies entering the sector.
And after the list, I'll show you one of the best marijuana stocks to buy for 2020.
Here are the 50 largest marijuana stocks on the market today…
|Johnson & Johnson||JNJ||$149.40||$415.43B|
|Altria Group Inc.||MO||$49.74||$93.66B|
|Walgreens Boots Alliance||WBA||$52.77||$47.10B|
|Imperial Brands PLC||IMBBY||$25.18||$24.05B|
|Molson Coors Brewing Co.||TAP||$56.32||$12.19B|
|Canopy Growth Corporation||CGC||$23.20||$8.35B|
|The Scotts-Miracle Gro Co.||SMG||$109.32||$6.20B|
|The Brink's Company||BCO||$89.54||$4.67B|
|GW Pharmaceuticals Plc. Sponsored ADR||GWPH||$113.87||$4.49B|
|Curaleaf Holdings Inc.||CURA||$8.78||$3.36B|
|Arena Pharmaceuticals Inc.||ARNA||$43.59||$2.56B|
|Aurora Cannabis Inc.||ACB||$1.92||$2.28B|
|Green Thumb Industries||GTBIF||$9.73||$2.01B|
|Cronos Group Inc.||CRON||$7.43||$1.61B|
|Compass Diversified Holdings||CODI||$24.06||$1.44B|
|Trulieve Cannabis Corp.||TCNNF||$10.92||$1.20B|
|Innovative Industrial Properties Inc.||IIPR||$90.25||$1.07B|
|Columbia Care Inc.||CCHWF||$3.76||$919.83M|
|Cresco Labs Inc.||CRLBF||$6.19||$917.46M|
|Harvest Health and Recreation||HRVSF||$2.82||$884.09M|
|Cara Therapeutics Inc.||CARA||$16.06||$783.82M|
|OrganiGram Holdings Inc.||OGI||$3.60||$595.53M|
|Charlotte's Web Holdings Inc.||CWEB||$10.42||$584.89M|
|Auxly Cannabis Group||XLY||$0.67||$530.50M|
|Corbus Pharmaceuticals Holdings Inc.||CRBP||$6.58||$453.73M|
|iAnthus Capital Holdings Inc.||IAN||$1.94||$452.16M|
|Silver Spike Acquisition Corp.||SSPK||$10.14||$380.25M|
|Village Farms International Inc.||VFF||$7.44||$372.93M|
|The Valens Co.||VLNCF||$2.70||$368.55M|
|MedMen Enterprises Inc.||MMEN||$0.54||$362.90M|
|Greenlane Holdings Inc.||GNLN||$2.69||$360.96M|
|MediPharm Labs Corp.||MEDIF||$2.47||$352.41M|
|Cannex Capital Holdings Inc.||CNNX||$1.25||$343.47M|
|Planet 13 Holdings Inc.||PLTH||$2.14||$338.23M|
|Newstrike Brands Ltd.||NWKRF||$0.42||$299.92M|
This list provides an extremely wide range of companies. The top stock on the list is valued over $415 billion, while the smallest checks in under $300 million.
And when it comes to finding the best one to invest in, we have you covered.
This is the best marijuana stock to buy today…