15 Marijuana Stocks That Will Grow in 2020

cannabis stocks 2018

The best time to invest in Marijuana Stocks is right now.

The marijuana industry in the United States is taking off, with an estimated $10 billion in sales for 2018 and states like California making over $2.75 billion single-handedly.

Canada’s marijuana industry is also thriving. Statistics Canada estimated $5.7 billion CAD in marijuana sales for 2017, and that was before legalization! Now that cannabis is becoming more socially accepted and widely available, marijuana sales in both these countries have the ability to increase at an exponential rate.

Wondering how to get started with investing in marijuana stocks?

Here are 15 Marijuana Stocks that will grow in 2020, and likely grow even more over the next few years.

Aphria (APHQF)

As one of Canada’s top cannabis companies, now is a great time to take a stake in Aphria.


Its stock market value has more than doubled since August, peaking at 21.71 CAD in September and now at 19.11. The company has a range of supply agreements in place to get ready for legalization. They’re shipping products to all provinces and even Yukon.

With marijuana becoming legal in Canada next week, Aphria will be making huge sales over the next few months. and their stock is likely to grow from there.

Canopy Growth Corp. (CGC)

Canopy Growth Corp stocks are currently valued at 49.80 USD and projected to grow even more. The Ontario-based organization has worldwide subsidiaries and owns brands such as Tweed Inc., Bedrocan Canada Inc., and Metrum Health Corp.

canapy growth stock

Canopy is currently Canada’s largest cannabis company, and getting involved in the upcoming recreational market will likely do wonders for them.

Cronos Group (CRON)

Cronos Group‘s stock price has jumped by over 70% in the past six months. This is another established Canadian marijuana business with a foothold in both medical and recreational sales. It also has international operations in Germany, Australia, and Israel.

cronos stock chart

The company will be supplying marijuana products to both government and privately-owned retailers in Canada. Profits grew from $588k to $4.08 million from 2016 to 2017, expect them to grow more as Canada’s recreational market takes off. Cronos Group’s stock is currently valued at 12.84 CAD.

MedMen (MMNFF)

MedMen is a large US-based organization with many operations in marijuana cultivation, manufacturing, and sales. It’s one of the largest US retailers for marijuana, with an impressive Q4 2018 revenue of $19.2 million.

The company recently acquired PharmaCann for $682 million- the largest-ever acquisition of a cannabis company in the US. As such, expect them to grow even more as sales grow across the states. What’s more, stocks are priced at just 5.71 USD making it the ideal take to invest.

Tilray (TLRY)

Tilray is a medical cannabis company that grows, cultivates, and distributes marijuana. Their stock has grown massively in the past few months, hitting a peak of 214.06 USD and now at 148.30 USD. The huge growth is due in part to them becoming the first company approved to export medical marijuana to the US.

tilray stock

marijuana seo ad

The stock hit a market cap of over $14 billion, even higher than Canopy Growth Corp. The company also has deals with other businesses such as Constellation Brands- known for Corona Beers. Despite setting a record for the most valuable marijuana stock, Tilray still has room for growth as the cannabis market blows up. The stock is still rising and now is a perfect time to jump on it.

Scott’s Miracle-Gro, Co. (SMG)

Scott’s Miracle-Gro is known to many as a major company for garden and lawn care equipment and products.

15 Marijuana Stocks That Will Grow in 2020 1

They’ve since become involved in the marijuana business via a subsidiary, Hawthorne Gardening, which is focused on hydroponics. As such, their stock has room to grow as many businesses look to grow marijuana, especially as demand grows in the US.

The Hydropothecary Corporation (NASDAQOTH:HYYDF)

The Hydropothecary Corporation‘s stock value has grown from 1.97 CAD last October to 8.49 CAD today. THC plans to grow by taking on the recreational and medical market of Quebec before expanding to other highly-populated Canadian provinces.

The Hydropothecary Corporation

In fact, the company has even secured a deal to supply 200,000 kilograms of the Quebec government’s marijuana supply. That means solid profit and growth for this marijuana company.

OrganiGram (OGRMF)

OrganiGram is based in New Brunswick but supplies medical marijuana all over the country. It’s also a fast-rising, with almost 100% growth in the past six months. The company currently has agreements with seven provinces, in addition to a supply deal with Canopy Growth Corp’s NFL operations.


It also has international partnerships, giving it plenty of room for growth. The company has been in operation ever since 2013 and won multiple awards for its contributions to the cannabis industry. This is definitely one to look into. OrganiGram Holdings Inc is currently valued at 7.50 CAD.

Aurora Cannabis (ACBFF)

With operations in 18 countries and licenses to sell marijuana in various provinces, Aurora Cannabis looks set to take off. Aurora Cannabis has acquired a Canadian liquor store chain, allowing them to sell recreational marijuana on top of their medical sales.

Earlier this year, Aurora Cannabis acquired MedReleaf, another large medical marijuana company, for C$2.5 billion. They also acquired CanniMed Therapeutics for C$1.1 billion. With this continued growth, the company will supply 570,000 kilograms of marijuana in Canada and abroad. The stock currently has a value of 13.71 CAD on the Toronto Stock Exchange.

ETFMG Alternative Harvest ETF (MJ)

ETFMG Alternative Harvest is a fund on the New York Stock Exchange with a current value of 39.50 USD. The fund is the first in the US that focuses on the marijuana industry. This is a fund that will likely profit from the ongoing marijuana boom.

Marijuana stocks are growing fast, and Yahoo Finance reported a steady rise for MJ, with 30.35% growth within the past year. As the market continues to grow year by year, expect this fund to grow with it.

Hemp Inc. (HEMP)

Publicly traded company Hemp Inc. is definitely an interesting investment opportunity. At just 0.026 USD, this is the cheapest stock on the list. That’s because, despite the increasingly lenient laws on cannabis, hemp is still illegal in all but nine states.

So why invest? Many companies use hemp to extract CBD isolate, the substance found in many medical marijuana products. As recreational marijuana is becoming legal in more states, hemp is likely to follow, and Nasdaq reports that Hemp Inc plans to expand its operations further. Hemp Inc has an early foothold in an industry that’s likely to grow to much higher heights in the future. It may take a while for the payoff, but it could be worth the risk.

AbbVie Inc. (ABBV)

AbbVie is a large pharmaceutical company that pulled in over $28.2 billion in 2017. While the company’s main focus isn’t marijuana, it does have a foot in the industry. One of the pharmaceuticals AbbVie produces is Marinol, a synthetic cannabis-based drug used for patients with cancer, AIDs, and other conditions.

The drug is already FDA approved and used for many patients. What’s more, cannabis treatment is becoming increasingly popular as research grows.

Constellation Brands Inc.  (STZ)

Constellation Brands is a Fortune 500 company that produces alcohol worldwide. You’ve probably heard of some of their brands- take for example Corona. This alone makes it a worthy stock in itself, but Constellation Brands is also jumping into the marijuana industry.

Constellation Brands has a 38% stake in Canopy Growth Corp, one of the leading marijuana businesses. The company plans to create marijuana-infused energy drinks and sleep aids. The stock is currently worth 225.69 USD on the New York Stock exchange. This could grow even more once their marijuana drinks hit the market.

Kush Bottles (KSHB)

Many different companies make up the ecosystem of the marijuana industry, from growing to retailing. Kush Bottles supplies packaging and containers to marijuana companies. They supply safe and government-approved packaging for everything from flower to concentrates to vape products.

The US marijuana industry is a big business in its own right, and the need for packaging will continue to grow. However, a well-timed expansion into the Canadian cannabis industry means we could see profits grow even further. As marijuana becomes more legal and more businesses become licensed, this company will only be in higher demand.

The Supreme Cannabis Company Inc. (FIRE)

Supreme Cannabis is the parent company to 7ACRES, one of the first licensed producers in Canada. The company focuses on cultivating and supplying premium cannabis to businesses via their 340,000-square foot greenhouse.

They have a range of deals which could see them go far. The company has supply agreements with Ontario, British Columbia, Alberta, Manitoba, Nova Scotia, and Prince Edward Island. They will also be supplying to established businesses such as Tilray, BlissCo, and CannMart.

Supreme Cannabis is definitely a stock to watch. Canadian marijuana supplies will be in high demand as legalization swings into effect. Current projections even state many places may experience a lack of supply. Supreme Cannabis stocks currently have a value of 2.08 CAD.


Many marijuana business stocks are already rising as investors look to get involved. If you want a worthy investment, then it’s worth looking into these now. With Canada’s recreational marijuana market kicking off in just a few days and the American marijuana industry thriving, many marijuana stocks will grow in 2018.

The marijuana industry might be one of the safest to invest in right now. However, it’s important to do your research and invest wisely. With many marijuana businesses taking advantage of the burgeoning industry, there are plenty of stocks that can help you diversify your portfolio and make a profit.

How useful was this post?

Click on a star to rate it!

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Leave a Reply

Your email address will not be published. Required fields are marked *