4 Marijuana Stocks Looking to Make Inroads in the U.S.

Marijuana stocks could well be one of the hottest investment trends in 2021. Pot stocks also drew the attention of investors in 2018 and 2019, before cooling off in 2020. The recent marijuana industry growth and new laws and regulation of cannabis set both risks and growth prospects for this type of investment. If there is a shift in public sentiment, and the legalization of cannabis for recreational purposes becomes a reality in the U.S. over the next few years, these four marijuana stocks could deliver both growth and gains in this booming industry. The major risk involved with investing in the marijuana industry — and one certainly not to ignore — is that it is still technically illegal on the Federal level in the U.S. An IMARC research on “North America Legal Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” states “The North America legal cannabis market reached a value of US$ 16 Billion in 2020. … In the United States, marijuana has been legalized in 30 states for medicinal use and in 9 states for both therapeutic as well as recreational purposes. In Canada, medicinal usage of the drug has been legalized since 2001; however, its recreational use has been authorized through a bill passed in June 2018.” If marijuana becomes legal for recreational use soon, it could well be a factor increasing demand, boosting sales of companies related to cannabis products. A report by Grand View Research about the Legal Marijuana Market Size states that “The global legal marijuana market size is expected to reach USD 73.6 billion by 2027” and “ It is anticipated to expand at a CAGR of 18.1% during the forecast period. The increasing legalization of cannabis for medical as well as adult-use is expected to promote growth.” If these growth expectations and legalization hopes come true, then the following marijuana stocks may be poised for capital gains. Four marijuana stocks to keep under your radar are: Aphria (NASDAQ:APHA) Trulieve (OTCMKTS:TCNNF) Cronos (NASDAQ:CRON) Innovative Industrial Properties (NYSE:IIPR)