12 Marijuana Stocks to Buy Now in 2021

There are now more than 50 publicly-traded companies operating in the cannabis industry. Most of these companies aren't directly growing and selling marijuana themselves, but they do stand to benefit greatly as more states legalize the sale and possession of marijuana. Some of these marijuana stocks are media companies. Others are privately studying the medical uses of marijuana. Yet others are providing tools and software for marijuana growers. As more cannabis companies file IPOs and enter the stock market, it will become increasingly difficult for investors to identify which marijuana stocks will truly benefit from the cannabis boom.

Our subscribers have begun digging through these companies, checking out their financials, business models and long-term growth prospects. They know that some "marijuana stocks" are just empty shell companies that deserve to be penny stocks, but they also recognize there are some legitimate and growing companies that truly stand to benefit from the green rush. As a group, they have added 10 different cannabis stocks to their watchlists and are actively investing in them. More than 1,400 MarketBeat subscribers are now following our top-trending cannabis company.

This slide show lists the 12 pot stocks that MarketBeat subscribers are have added to their watchlists and are actively monitoring.

#1 - Canopy Growth (TSE:WEED)

MarketBeat Followers: 2,704
Market Cap: C$10.98 billion
Consensus Rating: Hold
Rating Score: 2.1
Ratings Breakdown: 3 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: C$34.33 (19.7% Upside)

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. Read More 


#2 - Terra Tech (OTCMKTS:TRTC)

MarketBeat Followers: 1,530
Market Cap: $69.00 million
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Terra Tech Corp. cultivates, produces, and retails medical and adult use cannabis products. It offers cannabis-infused baked goods, chocolates, and candies; cannabis-infused topical products, such as lotions, massage oils and balms; clones of marijuana plants; flowers and concentrates; oils, waxes, hash, shatters, and clears under the IVXX brand name; and cartridges, vape pens, and wax products. Read More 

#3 - Innovative Industrial Properties (NYSE:IIPR)

MarketBeat Followers: 1,493
Market Cap: $4.41 billion
Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $192.43 (4.4% Upside)

Innovative Industrial Properties, Inc is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

#4 - Cannabis Science (OTCMKTS:CBIS)

MarketBeat Followers: 1,280
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Cannabis Science, Inc, together with its subsidiaries, develops, produces, and commercializes phytocannabinoid-based pharmaceutical products primarily in the United States. The company is developing medicines for autism, blood pressure, cancer, cancer side effects, and other illnesses, as well as for general health maintenance. Read More 

#5 - 22nd Century Group (NYSEAMERICAN:XXII)

MarketBeat Followers: 1,225
Market Cap: $681.97 million
Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

22nd Century Group, Inc, a biotechnology company, develops plant-based solutions for the life science, consumer product, and pharmaceutical markets. It develops very low nicotine content tobacco and cigarette products under the Moonlight and Moonlight Menthol names; and SPECTRUM research cigarettes for use in independent clinical studies. Read More 

#6 - OrganiGram (TSE:OGI)

MarketBeat Followers: 1,159
Market Cap: C$1.07 billion
Consensus Rating: Hold
Rating Score: 1.8
Ratings Breakdown: 2 Buy Ratings, 3 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: C$3.83 (6.3% Upside)

Organigram Holdings Inc, through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, extracts, edibles and oils, beverages, and other cannabis products for adult recreational market under the Edison Reserve, Edison Cannabis Co, ANKR Organics, and Trailblazer brands; and medical cannabis products, including strains, cannabis oils, extracts, edibles, beverages, and vaporizers for the medical market. Read More 

#7 - KushCo (OTCMKTS:KSHB)

MarketBeat Followers: 1,137
Market Cap: $146.47 million
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $1.75 (90.4% Upside)

KushCo Holdings, Inc markets and sells packaging products, vaporizers, solvents, accessories, and branding solutions to customers operating in the regulated medical and adult recreational cannabis and hemp-derived cannabidiol (CBD) industries in the United States, Canada, and internationally. Its principal products include bottles, jars, bags, tubes, containers, vape cartridges, vape batteries and accessories, labels and processing supplies, solvents, natural products, stainless steel tanks, and custom branded anti-counterfeit and authentication labels. Read More 

#8 - Medical Marijuana (OTCMKTS:MJNA)

MarketBeat Followers: 968
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Medical Marijuana, Inc, an investment holding company, operates in the cannabinoid-based nutraceutical industry. It focuses on the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol (CBD) and other products containing CBD-rich hemp oil; treatment of pain and other medical disorders with the application of chewing gum-based cannabis/cannabinoid medical products; and nonpsychoactive cannabidiol products. Read More 

#9 - Marijuana Company of America (OTCMKTS:MCOA)

MarketBeat Followers: 789
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Marijuana Company of America, Inc, together with its subsidiaries, develops, manufactures, markets, and sells hemp and hemp-derived consumer products under the hempSMART brand name in the United States and internationally. The company's hempSMART products include hempSMART Brain, a patented and formulated personal care consumer product that combines hemp-derived cannabidiol (CBD) for brain wellness; hempSMART Pain capsules for relief of minor discomfort with physical activity; hempSMART Pain Cream for muscle relaxation; hempSMART Drops, hemp CBD oil tincture drops; hempSMART Pet Drops for cats and dogs; hempSMART Face, a facial moisturizer; and hempSMART drink mix, an industrial hemp based powderized CBD drink. Read More 

#10 - GrowGeneration (NASDAQ:GRWG)

MarketBeat Followers: 712
Market Cap: $2.37 billion
Consensus Rating: Buy
Rating Score: 3.0
Ratings Breakdown: 8 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $56.25 (39.6% Upside)

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. Read More 

#11 - Cannabis Sativa (OTCMKTS:CBDS)

MarketBeat Followers: 558
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

Cannabis Sativa, Inc, through its subsidiaries, primarily provides telemedicine online referral services for customers desiring medical marijuana cards in the United States. It operates through two segments, PrestoCorp and GKMP. The company offers PrestoDoctor, an online telemedicine platform, which provides access to physicians for getting a medical marijuana recommendation using video conferencing technology; and operates as a contract manufacturer of products containing hemp-based cannabidiol (CBD). Read More 

#12 - United Cannabis (OTCMKTS:CNAB)

MarketBeat Followers: 493
Market Cap: $825,000.00
Consensus Rating: N/A
Rating Score: NaN
Ratings Breakdown: 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: N/A

United Cannabis Corporation owns intellectual properties related to growth, production, manufacture, marketing, management, utilization, and distribution of medical marijuana and marijuana infused products in the United States. The company focuses on developing therapeutics, including Prana Bio Nutrient Medicinal products for supplement deficiencies related to the endocannabinoid system, including pain, neuropathy, arthritis, MS, IBS, autism, seizures, eczema, sleep, anxiety, head trauma, opioid dependency, and clinical endocannabinoid deficiencies; and Prana Aromatherapy Transdermal Roll-on line that provides targeted and large surface relief with combinations of aromatherapy. Read More 

 

Top Fifteen Highest-Rated Dividend Companies

MarketBeat tracks approximately 250,000 ratings each year and tracks more than 15,000 securities around the globe that pay dividends each month or quarter.

This slide show lists the 15 dividend-paying companies (having yields above 25%) that also have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

View the "Top Fifteen Highest-Rated Dividend Companies" Here.