Cannabis stocks have a huge fan following in this year. The Canadian cannabis market is likely to become so huge that it will have powerful bulls and would go much higher. There are some of the stocks which would actually become a boon for the stock industry in getting the appropriate growth of the marijuana sector. The growth potential will depend on the legalization of the recreational and medicinal use of cannabis in various parts of the US. The demand for cannabis has increased after the legalization of recreational use of marijuana in October 2018. There are many cannabis products being distributed in the market and a lot of industries are linked with cannabis in some or the other way. The global acceptance of cannabis has potentially led to business growth in various parts of the world.
Cannabis stocks in Canadian bullish market in 2019
The demand for cannabis has increased the projections which will lead to the ultra-bullish forecast for some of the stocks. It is important to get in the right stocks and make a clear entry and exit plan for the weed stocks. The concept of ETFs has also progressed for North American Marijuana stocks. The stock investors having experience in the world of stocks consider their own selection of 3-5 stocks in the portfolio as a better choice than the purchase of ETF.
There is a lot of variety in the stocks and the investors can look forward to the rising stock market charts to get the forecasting results. Canadian cannabis stocks are expected to outperform and the values will almost triple in 2020. A decent account is required to buy the favorite pick.
Marijuana Stocks 2019 to consider
- Emerald Health Therapeutics (V)
This is one of the topmost picks of investors. The company works together with its subsidiaries for production and marketing of the medical cannabis-selling in Canada. The company is headquartered in Victoria, Canada. The stocks are expected to grow towards a higher level in the coming phases. According to the stock analysts, Emerald Health Therapeutics have a higher level of confidence and could increase to at least three-four time the value till the end of 2019. The current price is approaching $4 value.
- Aurora Cannabis (ACB.TO)
Aurora Cannabis Inc. works in the production and distribution of medical cannabis products. The company works in several segments including genetic research, cannabis breeding, facility engineering, high-value produce development, cultivation and retail distribution of marijuana. The products include dried cannabis and cannabis oil used in different forms for the consumers. The stocks have already attained a good position and are approximately reaching the level of $13 from the last year low of $5.29.
- Organigram Holdings (OGI.V)
OrganiGram Holdings Inc. works with its subsidiaries for production and selling of dried cannabis and cannabis oils in Canada. It offers different products on a retail and wholesale basis in Canada as well as for export business. The company was founded in 2013. The stock prices at present are in the approximate range of $9 per stock.