Top 5 Cannabis Companies to Watch for 2021

Investors in the cannabis industry have been waiting for cannabis stocks to have a sustained bullish run for several years now, and all signs indicate that 2021 might be their biggest chance yet to do just that. So, what are the top 5 cannabis companies to watch for 2021?

Just earlier this month, the United Nations voted to remove cannabis from the Schedule IV list of dangerous, highly addictive and dangerous drugs like heroin. The UN did this to allow for more cannabis research than is currently allowed under the stringent Schedule IV restrictions. This move was supported by many, including the World Health Organization (WHO) who recommended cannabis be taken off the Schedule IV list – which, frankly, is viewed as antiquated legislation from 1961.

That is not the only sign that the cannabis industry is about to take a turn for the better. The US Congress is set to vote on three cannabis-related bills soon, including the SAFE Banking Act which will give cannabis companies the freedom to work with banks and get financing for their ventures like every other industry in the United States.

Curious about hemp stocks? See our Top Hemp Stocks to Watch for 2021

All these variables in this still infantile industry indicate that there is some inbound volatility which investors have been patiently waiting for all this time. Here is a list of the top 5 cannabis companies to watch for 2021:

1. GW Pharmaceuticals (Market Value: USD $2.8 billion)

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Founded over 20 years ago, GW Pharmaceuticals (NASDAQ: GWPH) is certainly one of the top 5 cannabis companies to watch for 2021 as one of the oldest and most stable players in the cannabis industry. Their goal is to develop hemp-based cannabinoid therapeutics for the pharmaceutical industry.

GW Pharmaceuticals has grown a tremendous deal in recent years, owing to its lead product, Epidiolex, which is used to treat seizures in children. Their revenues have grown from USD $10 million in 2017 to just over USD $440 million in 2020. If stability in the cannabis industry is what you need, this is where you should look.

2. Aphria (Market Value: USD $1.3 billion)

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Aphria (NASDAQ: APHA) is thought of by many analysts as the best-run business in the sector. It is the cannabis industry leader in Canada with a revenue of C$ 146 million in 2020, which is up 15% from last year.

This is one of those underrated stocks whose fundamentals are all right. It has tremendous growth potential for 2021. Plus this recently announced merger with Tilray (TRLY) has created the world’s largest cannabis company. TLRY soared as much as 27% on the news.

3. Innovative Industrial Properties (Market Value: USD $2.5 billion)

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Innovative Industrial Properties (NYSE: IIPR) is a unique stock on the cannabis indices and as such deserves mention on this list. We like this company as it’s one of the best ancillary cannabis stocks for investors to own (In fact, we first recommended this stock back in July of 2018 at $32/share!).

This company invests in greenhouses and facilities for the medical cannabis industry. They currently own 4.4 million square feet of leasable space for medical cannabis growers spread out across 58 properties. IIPR is certainly one of the top 5 cannabis companies to watch in 2021.

4. Curaleaf Holdings (Market Value: USD $5 billion)

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Curaleaf Holdings (OTC: CURLF) is a favorite for many cannabis investors in the industry and a favorite for many consumers as well. While it started in 2010 as a medical cannabis company, they branched out into recreational cannabis production, which has proven to be an inspired decision.

It is active in over 20 states, with over 90 dispensaries in those states. It has made over 14 major acquisitions since going public in 2018. CURLF is a definite must-watch.

5. Altria (Market Value: USD $67 billion)

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Cigarette maker Altria (NYSE: MO) is deploying some of its vast resources and that notorious tobacco liquidity to disrupt the cannabis industry. It is worth mentioning here for that very reason. They have shown a propensity to acquire rather than grow organically and will be a major player once the regulations are streamlined, and capital becomes the competitive factor soon.

Top 5 Cannabis Companies to Watch for 2021

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Top 5 Cannabis Companies to Watch for 2021