Three cannabis stocks under $10 each

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There may never be a better time to launch a cannabis investment portfolio

The cannabis stock market may still be a little unstable, but it has improved significantly over the past year. Market analysts predict an even stronger future, with substantial growth on the horizon for the next several years. If these predictions are true, now might be the best time to step into cannabis investments and there are at least three that can be had for less than $10 a share.

Green Organic Dutchman Holdings was at $2.40 this past January. Those who scooped it up then have already seen a substantial return, as the stock has risen by 100% since. And, as the Canadian cannabis market evolves, the price will only continue to rise.

Green Organic produces totally organic cannabis, one of only a small handful of companies to concentrate on this sector. Within two years, it will be able to produce as much as 170,000kg of cannabis and will be a major force in the organic cannabis realm.

OrganiGram Holdings has also seen its price go up by 100% this year. That says a lot, as the company is only about one-tenth the size of its largest competitors. The company focuses its efforts on raw cannabis production and will soon be able to produce up to 110,000kg annually. It has the added benefit of having higher-margin opportunities than other companies in the industry, providing more support to its stock and the upward movement that will come.

HEXO is a company that seems to come in and out of cannabis discussions. Instead, it should almost always be on the front lines. It has a share price of $9 and a market valuation of $1.9 billion, making it a definite positive solution. Its deal with Molson Coors Canada last year to introduce cannabis-infused beverages to markets across North America will see the company’s stock price jump substantially.