These Top Marijuana Stocks Could Make The Difference In Your Portfolio
The momentum is building once again for marijuana stocks. Since the passing of rescheduling cannabis to class 3, investors are staying sharp. Even though this does not legalize cannabis federally, it brings more relaxed investing without stressing federal issues. The cannabis industry has been undergoing another shift due to this. At the same time, this has led more people to find the best marijuana stocks to buy and hold till the market is up.
Most of the cannabis sector is incredibly volatile, with random changes in trading patterns. Yet in comparison to a few years back, volatile trading has dialed back a bit. But even still, volatility is present and part of the system that allows shareholders to take profits. Right now is a good time to prep and startagizer for the future. Many investors see cannabis stocks as a long-term play as things further develop for the industry.
Meaning companies are working on new products and services that will help meet increased consumer demand. From this, it will show investors that even though the sector still trades at bottom prices, there is potential. The better the business can do, the better the outcome for investors down the road. Below are several marijuana stocks to watch that could be the reason you see big profits in 2026.
Top Marijuana Stocks 2026
GrowGeneration Corp.(NASDAQ:GRWG)
Hydrofarm Holdings Group, Inc.(NASDAQ:HYFM)
The Scotts Miracle-Gro Company. (NYSE:SMG)
GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It operates through two segments, Cultivation and Gardening, and Storage Solutions. 
In recent news, the company has announced it will be attending and participating in the 38th Annual ROTH Conference. This event is set to be held on March 22-24, 2026, in Dana Point, California. So at this time, GrowGen will have 1-on-1 meetings during the conference.
Hydrofarm Holdings Group, Inc.
Hydrofarm Holdings Group, Inc., together with its subsidiaries, manufactures and distributes hydroponics equipment and supplies for controlled environment agriculture (CEA) in the United States and Canada. 
The company has not released any updates since the 2nd week of November 2025. During this time, the company was able to report its Q3 2025 financial earnings.
Highlights And Key Mentions
- Net sales decreased to $29.4 million compared to $44.0 million.
- Gross Profit Margin decreased to 11.6% of net sales compared to 19.4%.
- Adjusted Gross Profit Margin(1) decreased to 18.8% of net sales compared to 24.3%.
- SG&A expense and Adjusted SG&A(1) expense decreased by 6.8% and 7.4%, respectively.
- Net loss increased to $16.4 million compared to $13.1 million.
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The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, together with its subsidiaries, engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.
At the end of January, the company reported results for the first quarter ended December 27, 2025. The Company also announced that it is in advanced discussions for the sale of its Hawthorne subsidiary to Vireo Growth, Inc.
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Fiscal 2026 First Quarter Highlights
- U.S. Consumer net sales were $328.5 million
- GAAP gross margin rate of 25.0% and non-GAAP adjusted gross margin rate of 25.4% each improved by 90 basis points over prior year
- GAAP net loss from continuing operations of $0.83 per share and non-GAAP adjusted net loss from continuing operations of $0.77 per share improved by $0.32 and $0.11 per share over prior year, respectively
- Non-GAAP adjusted EBITDA of $3.0 million improved $2.1 million over prior year
- Net leverage of 4.03x improved 0.49x versus last year
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