2021 saw 306 merger and acquisition transactions, compared to just 8 in 2020. Additionally, there were a lot of mergers and acquisitions (M&A). Both Democrats and Republicans are in favor of legislation that would decriminalize marijuana. In the United States, marijuana is already legal in 16 states. According to forecasts, the industry will make a strong comeback in 2022. Canopy Growth Corporation, Tilray, and Innovative Industrial Properties, Inc. are some of the best marijuana stocks to buy in 2022.
Here is Insider Monkey’s list of the 10 weed stocks to buy in 2022. Scotts Miracle-Gro Company is a fertilizer and agricultural chemicals company owned by the Scotts Miracle-Gro Company. One of the company’s major hydroponics divisions focuses primarily on the cannabis industry. A $0.66 quarterly dividend was announced by the company on January 24, in accordance with its previous quarterly dividends. SNDL is a Canadian company that sells and distributes cannabis products. Flower, pre-rolls, and vapes are just a few of the inhalables available at this dispensary. Following the NASDAQ’s extension of the firm’s deadline to meet a minimum bid requirement, the stock has risen in recent days. Agriculture products are sold by Village Farms International, Inc. One-seventh of ROSE LifeScience, a Canadian cannabis producer and supplier, was purchased by the company in the transaction. VFF stock was upgraded to Overweight from Neutral by Cantor Fitzgerald in November. Weed-derived supplements and cosmetics are among Cronos Group Inc.’s offerings. Brand names like Lord Jones and Happy Dance are used to market these items. Cronos Group stock was upgraded to Hold from Underperform by Jefferies with a $3.24 price target. Calyxt, Inc. is a plant-based technology company. Additionally, it produces alfalfa, high-fiber wheat, soybeans, oats, and storable potatoes in addition to hemp. For more details, click the 10 Weed Stocks To Buy In 2022.