Marijuana Stocks to Look Out For In 2018

The marijuana industry has created a large amount of hype as many companies come to fruition given new legislation around the world. According to new research “North American alone legal weed sales surged by 33% in 2017 to $9.7 billion. By 2021, North American sales may rise to $24.5 billion.” This number represents a CAGR of 28%, which is quite high for the market.

One of the most exciting parts of the cannabis market continues to be the opinion of those around the U.S. With more legislation happening around the country, many analytical companies have stated that support for marijuana is at an all time high and is continuing to grow. This has also led to a surge in the number of investors willing to get in on the market. All of these pieces of good news leads to a market that is continuing to boom into the rest of 2018.

One of the many companies that investors have been looking at is Kush Bottles (NASDAWOTH:KSHB). Kush Bottles is still a relatively small-cap company, that has been focused on manufacturing packaging for an industry with stringent regulation on how the products can be sold. The company has been working to create new groundbreaking designs to help introduce an air of legitimacy to a market that has been filled with plastic bags since for quite some time. The company has managed to grow by as much as 22% due to new packaging guidelines in Canada that align with the companies work. With new regulations, the likelihood of companies turning to Kush Bottle for their product packaging becomes even higher. The company has also reported a 258% year-over-year increase in sales to upwards of $9 million. All of these factors contribute to the fact that Kush Bottles could potentially become a large player in the industry in the not too distant future.

Another company that has continued to hit good luck in recent times is Canopy Growth Corporation (NASDAQOTH:TWMJF). The company has quite a large market cap which recently moved around 10% higher. This percentage increase can be attributed to increased investor confidence in the stock. This confidence can also be helped by the company’s large amount of vertical and horizontal integration into their business model. Canopy has worked extremely hard to cement a series of acquisitions and partnerships, it seems as though Canopy is working hard to continue a massive amount of growth. The company has also worked hard to cement a new growth factory, with the potential to grow as much as 300,000 kilograms company wide per year. Canopy is also one of the most well known cannabis based companies in the country, helping to cement their reputation throughout the industry even further.

One of the other major companies to look out for this year is Cara Therapeutics (NASDAQ:CARA). The company has sort of a loose affiliation with the cannabis world, and more so in the pharmaceutical industry. The company has been working to create new pharmaceutical drugs with the use of cannabis as the backbone for the medicines. Because of this, Cara has produced a large amount of clinical data, among other proprietary products. Cara has also been working on late-stage testing of many of its new drugs, helping to further bridge the gap between the marijuana industry and the world of pharmaceuticals. The hopes are high that the future of the cannabis industry will continue to grow along with the market reputation. As the next few years go by, the growth in the cannabis market will likely be unprecedented, continuing to produce groundbreaking research and advancements in the world of marijuana.

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