Perhaps it’s no coincidence that marijuana is green. In the years to come, cannabis could be one of the fastest-growing industries on the planet. According to cannabis analytics company New Frontier Data, U.S. weed sales could catapult from $13.2 billion in 2019 to more than $41 billion by 2025. For those of you keeping score at home, this works out to a compound annual growth rate of 21%.
But if there’s one thing marijuana stock investors have learned over the past couple of years, it’s that no two pot stocks are alike. While at least half of all pot stocks currently trade at a valuation higher than analysts’ consensus price target, the following five marijuana stocks offer upside ranging between 49% and 83%, according to Wall Street.
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Jushi Holdings: Implied upside of 83%
The biggest bargain in the cannabis space right now, based on price targets, is U.S. multistate operator (MSO) Jushi Holdings (OTC:JUSHF). Wall Street’s consensus price target of $7.63 suggests it has as much as 83% upside.
Jushi is a unique MSO because of its focus on limited license states. A large portion of the company’s sales in 2021 will stem from Pennsylvania, Virginia, and Illinois,…
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Perhaps it’s no coincidence that marijuana is green. In the years to come, cannabis could be one of the fastest-growing industries on the planet. According to cannabis analytics company New Frontier Data, U.S. weed sales could catapult from $13.2 billion in 2019 to more than $41 billion by 2025. For those of you keeping score at home, this works out to a compound annual growth rate of 21%.
But if there’s one thing marijuana stock investors have learned over the past couple of years, it’s that no two pot stocks are alike. While at least half of all pot stocks currently trade at a valuation higher than analysts’ consensus price target, the following five marijuana stocks offer upside ranging between 49% and 83%, according to Wall Street.
Image source: Getty Images.
Jushi Holdings: Implied upside of 83%
The biggest bargain in the cannabis space right now, based on price targets, is U.S. multistate operator (MSO) Jushi Holdings (OTC:JUSHF). Wall Street’s consensus price target of $7.63 suggests it has as much as 83% upside.
Jushi is a unique MSO because of its focus on limited license states. A large portion of the company’s sales in 2021 will stem from Pennsylvania, Virginia, and Illinois,…
