It has been almost two decades since Canada has legalized the use of cannabis for medical purposes, and recent legislation in the country is now allowing recreational use. Canadian citizens can even receive their Health Canada legal grow license if they wish to produce their own medical plants for personal use. With the widespread acceptance of marijuana use for both medical and recreational purposes, it makes sense that Canadians are investing their hard-earned money into cannabis stocks. It is one of the easiest ways to watch your money grow, so consider investing in one or all of these successful Canadian weed stocks on the market today.
Aurora Cannabis is a company that produces and sells dry cannabis and cannabis oil and Aurora prides itself on safely producing some of the best medical weed in the world. The growing facilities can be found in the Canadian Rocky Mountain foothills with some of the best growing conditions, ensuring healthy and happy plants. As far as the stock market goes, Aurora Cannabis is one the best companies to invest in. Since its debut in 2016 the value has gone up exponentially, returning a whopping 347% in the first year. Its growth has leveled off a bit, but still saw an increase of 292% in the past year.
Canopy Growth Corporation
This company was the first in North America to hit the public trade market and its growth in recent years has been exponential. Its goal is to make medicinal marijuana affordable for its users and it is another great option if you’re looking to invest in the growing cannabis industry in Canada.
CannTrust Holdings Inc.
CannTrust Holdings’ number one priority is to provide the necessary knowledge to medical cannabis users in order to purchase the best weed in the most effective way. It features products ranging from THC capsules to CBD capsules and everything in between. It is one of the top pharmaceutical cannabis companies in Canada and its stocks are worth every penny.
The Hexo Corporation
The Hexo Corp educates Canadians on everything there is to know about cannabis and the best options for you when it comes to using this miracle plant, even for recreational purposes. It is the only marijuana provider located in the Quebec province, so French Canadians especially should highly consider investing in Hexo.
OrganiGram is the best company out there for producing a high-quality product that receives special care throughout the entire grow process and is safe for its users. It experiments with different strains, playing around with a variety of indica, sativa, high-CBD and high THC plants. If you believe in a quality product and want to make some money along the way invest in OrganiGram Holdings.
The Cronos Group
The Cronos Group invests in cannabis growers and currently has six different major companies within its portfolio, completely owning two of them. Now that recreational cannabis use has become legal in Ontario, who knows how much Cronos will grow in the coming years. Invest in a Cronos stock plan before it’s too late, now is the time.