The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal, and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth.
GRWG is top for value and growth, and IIPR is top for momentum
Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have dramatically underperformed the broader market. MJ has provided a total return of -28.6% over the past 12 months, well below the Russell 1000’s total return of 25.2%. These market performance numbers and all statistics in the tables below are as of Jan. 6, 2022.
Best Value Marijuana Stocks
Below we look at the top five marijuana stocks with the best value, the fastest growth, and the most momentum.
The heavy selling pressure might have exhausted for CBD (CBD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
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Investment company Northern Lights Fund Trust Iii (Current Portfolio) buys United Natural Foods Inc, Ranger Oil Corp, Ranger Oil Corp, Ranger Oil Corp, Elevate Credit Inc, sells BlueLinx Holdings Inc, Modine Manufacturing Co, MYR Group Inc, Del Taco Restaurants Inc, Boyd Gaming Corp during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Northern Lights Fund Trust Iii.