Here are analysts’ favorite marijuana stocks, which they expect to rise as much as 82% in the next yearPosted by On


Marijuana stocks have surged this year as investors anticipate wider acceptance of legal distribution of recreational products in the U.S.

Your best way to ride this wave may be through exchange traded funds. But investors also like to see lists of stocks in rapidly growing industries.

So, below, is a list of analysts’ favorite stocks associated with the increased use of cannabis, drawn from holdings of six of the largest ETFs tracking the industry.

For broad coverage of the rapidly expanding marijuana industry, see Cannabis Watch. Recent coverage includes efforts by Senate Majority Leader Chuck Schumer to introduce legislation for the federal legalization of marijuana and New York Gov. Andrew Cuomo’s drive toward legalization in his state.

To see how dramatic the stock market reaction has been, take a look at this chart for the ETFMG Alternative Harvest ETF
MJ,
+13.07%
,
the largest exchange traded fund in the space:


FactSet

Of note: That’s a year-to-date chart…

Original Author Link click here to read complete story..

Marijuana stocks have surged this year as investors anticipate wider acceptance of legal distribution of recreational products in the U.S.

Your best way to ride this wave may be through exchange traded funds. But investors also like to see lists of stocks in rapidly growing industries.

So, below, is a list of analysts’ favorite stocks associated with the increased use of cannabis, drawn from holdings of six of the largest ETFs tracking the industry.

For broad coverage of the rapidly expanding marijuana industry, see Cannabis Watch. Recent coverage includes efforts by Senate Majority Leader Chuck Schumer to introduce legislation for the federal legalization of marijuana and New York Gov. Andrew Cuomo’s drive toward legalization in his state.

To see how dramatic the stock market reaction has been, take a look at this chart for the ETFMG Alternative Harvest ETF
MJ,
+13.07%
,
the largest exchange traded fund in the space:


FactSet

Of note: That’s a year-to-date chart…



Source link

News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.