Top 3 weed stocks to put on your watch list this year
- The marijuana industry has seen sharp growth year on year.
- Weed stocks are likely to be affected less by inflation.
- There is a lot of value to be unlocked in the weed industry.
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With the legalisation of marijuana in most states in the US and North America, the weed industry is really heating up. As an investor, you want to be part of growth industries, and this is one of them.
So, what are some of the top weed stocks you should be looking at in 2022? Here is a list for you:
Village Farms International Inc
Village Farms International Inc (NASDAQ:VFF) is a weed-growing company based in Canada. It uses greenhouses and modern farming techniques to provide various weed strains for the North American market.
The company has also developed some popular weed brands in the market as well. It owns other subsidiaries in the whole weed value chain too. For investors looking for long-term value, this asset is worth having.
GrowGeneration Corp (NASDAQ:GRWG) has been for a while one of the fastest-growing weed stocks in the market. The company has seen revenue growth of more than 100% over the last year alone, and there is still a lot more to come in the future. It is also one of the more undervalued stocks in this industry.
Arena Pharmaceuticals Inc
There has also been a lot of talk about the medicinal benefits of marijuana and related products. Well, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is one of the few companies that is doing promising research and R and D around this area. In fact, the company is working on a weed-related drug that could be used to treat chronic pain.