The North American legal marijuana market has been forecast to grow at a compound annual rate of 26% through 2021 resulting in $22 billion in annual sales. Those numbers are the main source that is driving investors to take up positions in marijuana stocks to help skyrocket their valuations. With more U.S. states going legal, Mexico legalizing medical marijuana, and Canada’s plan to legalize recreational marijuana this July the North American market is going to heat up even more.
Canada seems to be leading the way for the legal marijuana industry, after all, it’s the second country in the world, behind Uruguay, to go through the process of becoming fully legal. This is also where you are going to find the marijuana stocks that can cultivate the most legal marijuana. If they stay on budget and plan, these marijuana stocks should yield the most marijuana by next year.
Aphria (APHQF)
This marijuana stock should be capable of roughly 220,000 kg of dried marijuana production once its main expansion project which is set to be completed by next January and its new partnership is put into motion.
The company’s big $100 million project will only expand its growing capacity in four separate phases totaling to 1 million square feet. The expansion will produce over 100,000 kg annually, and it’s possible that Aphria (APHQF) will increase it. The new deal with 100-acre Double Diamond Farms will bring in an additional 120,000 kg of marijuana.
What makes Aphria (APHQF) different is that it would rather expand organically than through acquisitions. Although it make take longer, it has led to the company gaining a better handle on its costs and remain profitable. The company is one of few marijuana stocks that have reported a full-year profit for the past two years.
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