Top cannabis stocks worth considering to diversify a portfolio

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The marijuana stock market dip makes this a good time to buy

The demand for cannabis and cannabis-derived products remains strong and will only get stronger. Over the next couple of years, there is going to be tremendous growth in the industry and it will, eventually, be even bigger than the alcohol or tobacco industry was at their highest points. With that in mind, it would be a good idea to consider adding some marijuana stocks to any investment portfolio and a couple of companies stand out above the rest.

Always a favorite among the top companies is Aurora Cannabis. It has one of the largest global footprints of all the cannabis companies, with operations in Canada, Portugal, Colombia, Germany, the UK and more. Its Canadian and German presence is going to prove to be exceptional springboards to future global expansion and the company is in a great position to see its stock price skyrocket.

Charlotte’s Web Holdings out of Colorado is another favorite. The company saw, well before virtually everyone, how important cannabidiol (CBD) would become and has built an entire business around the cannabis compound. It offers CBD-infused oils, creams, capsules and more and its products are already found in more than 6,000 stores. That number may not seem significant, but it’s important to point out one thing – it was only in 3,700 stores at the end of last year. That type of growth will drive the company’s stock price into the stratosphere over the next two years.

It’s hard to go wrong with real estate investments, and Innovative Industrial Properties (IIP) has found the most lucrative solution. It purchases real estate and leases it out to cannabis companies through multi-year deals, securing its income well into the future. It has properties in 11 states and continues to seek out new locations.

No cannabis stock investment will guarantee overnight success, nor should investors expect them to. However, parking investments in cannabis stocks will prove, over the long term to deliver incredible returns and be more solid than most other investment vehicles.