A Complete List Of NYSE And NASDAQ-Listed Cannabis Companies (Updated)
As the cannabis industry keeps pushing forward, more companies are moving to list their stock on a major U.S. exchange like the NYSE or NASDAQ. The club, however, remains relatively small.
Given the federal uncertainty that still surrounds cannabis in America and in most of the world, few cannabis companies choose the path of a public listing in order to raise funds and even fewer among them are pure-play marijuana stocks.
Listing Vs. Other Funding Sources
Listing a stock allows enables fundraising from a larger pool of investors. At the same time, a publicly-traded stock can be volatile, and even more so in an emerging sector like cannabis.
While the psychedelic stocks are trying to follow the path of the marijuana sector from illegal narcotic to valuable therapeutic these two forms of healthcare are quite a bit different from one another.
While federal legalization still hangs in the balance, more and more states are easing long-standing restrictions on the use of cannabis. In the 2020 election, all 6 states that put forward ballot measures to legalize or decriminalize cannabis passed those measures with strong support. This brings us to a total of 36 states with some level of legalization. As more states move in this direction, real estate investors are rushing to grab up cannabis properties so they can take a piece of an industry that’s anticipated to grow to $41.5 billion by 2025.
Sale-Leasebacks on the Rise
Some of the most promising opportunities real estate investors are finding are sale-leaseback deals. Because the federal government has been moving so slowly on its decision to grant federal legalization, cannabis producers and retailers still struggle with liquidity issues because of restricted financing options.
May 25, 2021 at 6:49AM
The legal marijuana industry is still very new, and what it will look like a decade from now not to mention which companies will still be around is really anyone s guess. A few years ago,
Aurora Cannabis was one of the top producers in the industry, but now its business looks to be in disarray amid high costs and a lack of profitability. Even
Canopy Growth, which was once the top cannabis company in the world, has fallen a few steps behind
Tilray and large multi-state operators like
Curaleaf and
Trulieve Cannabis.
However, amidst all that noise there are two stocks that I would feel comfortable holding for the next 10 years: