12 Best Marijuana Stocks to Buy According to Analysts

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1. Canopy Growth Corporation (NASDAQ:CGC)

Analysts’ Upside Potential as of September 5: 328.15%

Canopy Growth Corporation (NASDAQ:CGC) released Q1 FY2026 net revenue of $72.1M, up 9% year-over-year. This growth was fuelled by a 13% rise in medical cannabis sales and a 43% increase in adult-use cannabis sales in Canada to $27M. International cannabis revenue jumped 5% to $8.8 million, but Storz & Bickel vaporizer revenue decreased 25% to $15.1 million. The consolidated gross margin declined from 35% to 25% as a result of lower high-margin Poland sales and a shift toward higher-cost manufactured products. The net loss from continuing operations fell 21% to $23 million, while SG&A expenses fell 21% as part of $17 million in annualized cost savings obtained since March 2025. The amount of cash and short-term investments rose to $144 million.

CEO Luc Mongeau reported significant share growth in cannabis markets with high demand, while interim CFO Tom Stewart noted improving gross margins as a top target for FY2026. A new Storz & Bickel vaporizer is scheduled for introduction later in 2025. Canopy Growth Corporation (NASDAQ:CGC) anticipates that automation and increased PRJ production will boost margins in the second half. It is the Best Marijuana Stock.

While we acknowledge the potential of CGC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CGC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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