7 Best Marijuana Stocks to Buy Now

The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) finished June down 19.6%, more than double the decline of the S&P 500, which lost 8.4% on the month. In turn, the best marijuana stocks to buy got a lot cheaper in June. Overall, it’s been a tough year for the cannabis industry. MJ stock has lost 44% year-to-date (or YTD). and the AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) has done even worse, down just over 50% YTD. Benzinga recently produced a chart that shows large cannabis multi-state operators (MSOs) have an enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) of 5 times, cheaper than 11 other major industries, including healthcare products, hotel/gaming, and food processing. Not only are large cannabis MSOs cheap on an EV/EBITDA basis, but the expected growth in revenue between 2021 and 2023 is higher than all but one other industry mentioned in Benzinga’s chart. So, between legalization initiatives in various states and an ongoing consolidation movement, an excellent place to start for the best marijuana stocks to buy is the large MSOs. Ticker Company Price TLRY Tilray Brands $3.94 MO Altria Group  $42.32 STZ Constellation Brands $243.17 SNDL Sundial Growers $0.35 TCNNF Trulieve Cannabis $12.99 CURLF Curaleaf Holdings $5.97 IIPR Innovative Industrial Properties $93.46