The cannabis industry is forecasted to become more lucrative than ever. Estimates say that the cannabis market could soar to $146.4 billion by the end of 2023, which is more than triple the value in 2017. With more people actively using cannabis products and no signs of slowing down, it’s no wonder investors are increasingly focusing their attention on cannabis stocks.
With the cannabis industry projected to grow, many entrepreneurs and investors are looking for the best cannabis stocks to pick. There’s no definitive list of the best cannabis stocks, since the markets are rapidly evolving and it depends on each individual investor’s risk tolerance and financial goals.
However, here’s a list of the 10 biggest cannabis companies in 2023, according to industry analysts:
1. Canopy Growth Corporation: Canada’s leading cannabis company, Canopy Growth Corporation is a major player in the cannabis industry. Canopy Growth specializes in growing, processing, and selling medical and recreational cannabis.
2. Aurora Cannabis: Aurora is a Canadian cannabis leader that cultivates and sells medical and recreational cannabis products in Canada and Europe.
3. Tilray: Tilray is a leading cannabis producer, research organization, and global distributor of medical cannabis products.
4. Aphria: Aphria is a Canadian cannabis company that focuses on producing and selling cannabis for medical purposes.
5. Cronos Group: Cronos Group Inc. is a Canadian cannabis company that cultivates and sells a wide variety of cannabis products, including oils, edibles, and inhalers.
6. Hexo Corp: Hexo Corp. is a Canadian producer of cannabis products designed for medical and recreational use.
7. GW Pharmaceuticals: GW Pharmaceuticals is a British biopharmaceutical company that produces a range of cannabis-based medicines.
8. Green Thumb Industries: Green Thumb Industries (GTI) is an American company that acts as a cultivator, processor, and retailer of cannabis products.
9. OrganiGram: OrganiGram is a Canadian licensed producer of organic cannabis that focuses on medical and recreational products.
10. Charlotte’s Web: Charlotte’s Web is an American producer of hemp-based cannabidiol products, including oils, capsules, topicals, and creams.
Cannabis stocks are a great way to take advantage of the booming cannabis industry, and the stocks mentioned above are all projected to be big players in 2023. Investing in cannabisstocks can be an excellent way to both diversify and expand your portfolio. With the right research and expertise, investing in the right cannabis stocks could be the perfect opportunity to make a lucrative return.
