Best cannabis & marijuana stocks for 2023. Cannabis is a plant that can be used to treat, manage, or improve medical symptoms. It is also used for recreational purposes, given its psychoactive properties. Also known as marijuana, weed, and other names, it has become legal or decriminalized in most U.S. states, Canada, and other places. Consumers are becoming more accepting of cannabis, appreciating its medicinal and recreational properties. This has led to a slew of companies that research, develop, and distribute medical and recreational marijuana. As a result, the marijuana industry is projected to double in value by 2025, making it popular with investors. This list covers the best cannabis companies.
Which Cannabis stocks have a "Strong Buy" analyst rating?
These Cannabis stocks currently have a "Strong Buy" analyst rating consensus:
Jazz Pharmaceuticals - Strong Buy, based on 14 analyst ratings, 12 Buy, 2 Hold, and 0 Sell.
Curaleaf Holdings - Strong Buy, based on 6 analyst ratings, 5 Buy, 1 Hold, and 0 Sell.
Green Thumb Industries - Strong Buy, based on 8 analyst ratings, 8 Buy, 0 Hold, and 0 Sell.
Trulieve Cannabis - Strong Buy, based on 7 analyst ratings, 7 Buy, 0 Hold, and 0 Sell.
Are Cannabis stocks overpriced?
Canopy Growth's stock price is currently $8.58, and its average 12-month price target is $3.77.
Altria Group's stock price is currently $43.74, and its average 12-month price target is $43.39.
AbbVie's stock price is currently $181.49, and its average 12-month price target is $180.80.
Scotts Miracle-Gro Company's stock price is currently $74.35, and its average 12-month price target is $66.00.
Jazz Pharmaceuticals's stock price is currently $121.09, and its average 12-month price target is $190.17.
Curaleaf Holdings's stock price is currently $5.21, and its average 12-month price target is $5.43.
Green Thumb Industries's stock price is currently $14.31, and its average 12-month price target is $18.40.
Trulieve Cannabis's stock price is currently $12.32, and its average 12-month price target is $16.55.
's stock price is currently N/A, and its average 12-month price target is N/A.
Which Cannabis stocks pay dividends?
Canopy Growth does not currently pay dividends.
Altria Group does not currently pay dividends.
AbbVie currently pays a dividend of $1.55 which represents an annual dividend yield of 3.34%. AbbVie's next Ex-dividend date is April 12, 2024 and its next payout date is May 15, 2024.
Scotts Miracle-Gro Company does not currently pay dividends.
Jazz Pharmaceuticals does not currently pay dividends.
Curaleaf Holdings does not currently pay dividends.
Green Thumb Industries does not currently pay dividends.
Trulieve Cannabis does not currently pay dividends.