The market for marijuana stocks has been quite kind to those wishing to come into the industry. So much has occurred in only a short period of time. It seems as though the popularity of marijuana stocks is just getting started. Some of the key companies in the cannabis industry are the ones growing substantial amounts of cannabis.
Aside from these, many pot stocks to watch have been offering a new range of innovation. This innovation and commitment to the future have put them on many investor’s watchlists. While these marijuana stocks to watch may not be the largest in the industry, they definitely could present new opportunities.
Pot Stocks To Watch #1: GW Pharmaceuticals (GWPH)
GW Pharmaceuticals (GWPH Stock Report) is a key marijuana stock but not in the traditional sense. The company is a producer and manufacturer of various pharmaceutical products. Its drug, Sativex, for example, is one of the first cannabis-based drugs approved by the US FDA.
The company has posted around $33.5 million in net sales since the end of March. As one of the key biotech marijuana stocks to watch, they have managed to make quite a name for themselves. The company remains a prime cannabis stock to consider for the near future.
Pot Stocks To Watch #2: Neptune Wellness (NEPT)
Neptune Wellness Solutions (NEPT Stock Report) is one of the most recent marijuana stocks to join the big guys on the NASDAQ exchange. The company currently has its profit forecast at around $0.20 per share. Much of this is due to their big moves in the CBD market.
CBD has become quite a large part of the industry as it was only recently legalized in the U.S. under the Farm Bill. Many have stated that it is a miracle drug for those with seizures or other illnesses. All in all, this makes Neptune Wellness Solutions a marijuana stock to watch.
Pot Stocks To Watch #3: Innovative Industrial Properties (IIPR)
Innovative Industrial Properties (IIPR Stock Report) is another alternative marijuana stock to consider. The company operates as a REIT. This means they have to pay the majority of their profits back to investors in the form of dividends. The company has posted a very steady stream of revenue as they have all of their facilities fully leased out.
For this reason, they have seen a large and continuous amount of growth in their stock price as well as their value. IIPR continues to set the example for what an alternative marijuana stock can do.