2 Top Cannabis Stocks to Consider Buying Now

Last year, cannabis stocks entered the mainstream, thanks to the legalization of recreational marijuana in Canada and the increasing momentum of the legalization movement in the United States.

Investor interest in this space remains in high gear, driven by strong performances among some stocks in the sector and the group’s powerful projected long-term growth dynamics.

While all pure-play cannabis stocks are risky, two of the higher-quality names in this sector, in my view, are Canada-based grower Canopy Growth (NYSE:CGC) and cannabis industry-focused real estate investment trust Innovative Industrial Properties (NYSE:IIPR).

Image source: Getty Images.


Data sources: Yahoo! Finance and YCharts. TTM = trailing 12 months. YTD = year to date. *IIP went public in December 2016, so two years is the longest whole-year comparison period possible. Data to June 14, 2019.

For context, so far in 2019, here are the stock performances of the second-through-fifth-largest Canadian cannabis growers by

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