The COVID-19 pandemic wreaked havoc on the world. In the US, over 2.5 million people were infected with the virus. Over 10 million worldwide were infected.
Living through the pandemic is not easy for anyone, but the show must go on. Many people are working from home, while essential workers wear lots of equipment to protect themselves from the virus in the workplace.
The US proclaimed the cannabis industry as an essential one. Although some might think this was unnecessary, the fact remains that lots of people depend on CBD products. They take CBD for various health conditions. That’s the main reason why the government allows companies working in the cannabis industry to operate freely and without additional restrictions.
Many companies managed to get through the crisis and continue working. According to the cannabis industry statistics, 243,700 people are working in these companies. Most of them kept their jobs.
Many industries were deeply affected by COVID-19 restrictions and suffered heavy losses. Many cannabis companies didn’t have this problem, and that was why lots of people were interested in buying or selling marijuana stocks.
If you’re interested in trading, take a look at some of the most exciting marijuana stocks in 2020. Let’s dive into it.
Canopy Growth (TSX:WEED) (NYSE:CGC)
Canopy Growth is a Canadian cannabis company based in Smiths Falls, Ontario, Canada. It’s the biggest company in the cannabusiness.
Whatever happens to the industry, it seems like Canopy Growth is prepared for it. Changes in laws in different states and countries, pandemics, market crashes, and more can’t seem to disrupt its operations. CEO David Klain succeeded Mark Zekulin, but both are doing a tremendous job.
According to some experts, Canopy Growth is going to have an 11% revenue growth every year. Therefore, it’s clear that everyone interested in this company seems likely to get a good deal. At the time of writing, the company’s shares are around $17, but it seems unlikely that this price will drop significantly any time soon.
Aphria (TSX:APHA) (NASDAQ:APHA)
Aphria is another cannabusiness giant coming from Canada. The company is located in Leamington, Ontario, and is considered one of the world’s biggest companies, with a market cap of around $1.2 billion.
The 2019 cannabis crisis affected everyone. Aphria, however, managed to find its way out of it. With a massive net balance and the injection of over C$100 million received by an anonymous investor at the beginning of 2020, the company handled the problem just fine.
At the time of writing, Aphria’s stock is going for around $4.30, making it more affordable than Canopy Growth. The stock market crash that happened in March seems unlikely to happen again, as the world is starting to recover from the coronavirus, so everyone who’s into investing should consider Aphria.
Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF)
Green Thumb Industries is based in Chicago, Illinois. It’s one of the biggest American cannabusiness companies.
According to Investopedia, Green Thumb Industries is one of the three companies with the highest increase in stocks in June. It had a 270.9% increase, which tells you enough about whether you should invest or not.
At the time of writing, its stock price is around $10 per share, but new events in the US political scene might shake things up and boost value even more. In November, the presidential elections and the legalization of recreational marijuana in Arizona and New Jersey might spike Green Thumb’s stock.
Aleafia Health (TSX:AH) (OTCQX:ALEAF)
Aleafia Health’s from Ontario, Canada, and is a company that’s virtually bulletproof. It’s a company working in the fields of health, wellness, and cannabis. It provides healthcare institutions with medical CBD in Canada and three other continents, making the company a big player.
The most important information about this company is that it plans to supply the large European market in the future. If this happens, it seems likely that its stock could jump significantly. Investing in the company could be an excellent move at the moment because profits may be substantial.
At the time of writing, the stock price is around $0.40.
Conclusion
The game of investment and following the market fluctuations are not for the faint-hearted. Money comes and goes quickly, and no one can predict what will happen.
Even highly experienced brokers and analysts are never 100% certain of what is going to happen next. It’s impossible to know, actually. Too many things affect the market—natural disasters, political turmoils, wars, and all kinds of other stock catalysts that are predictable or unpredictable.
With great insight and an in-depth review of the events in a specific industry, you can reduce the risk of losing money. If you manage to do that, you’re bound to profit. Investing in the companies such as the ones mentioned above seems like a smart move. If you love the investing game and the cannabis industry, those companies should certainly be among your list of favorites.
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