In this article, we will take a look at the 5 Best Marijuana Stocks to Buy Right Now. For a deeper discussion and an extended list, please see the 11 Best Marijuana Stocks to Buy Right Now.
Top 20 Countries With The Highest Weed Consumption
5. Tilray Brands, Inc. (NASDAQ:TLRY)
Number of Hedge Fund Holders: 12
On March 26, 2026, Tilray Brands, Inc. (NASDAQ:TLRY) reported a partnership with The Magnum Ice Cream Company to sell Popsicle-branded ready-to-drink alcoholic beverages in the United States. Tilray initially introduced Popsicle Hard beverages with 5% ABV, offering non-carbonated Hard Cherry, Hard Orange, and Hard Grape flavors in variety packs. The corporation plans to launch a statewide release in March at major retailers, including Walmart, Kroger, and Safeway, followed by a Popsicle Hard Firecracker edition in May 2026. According to Prinz Pinakatt, Tilray’s Chief Growth Officer, the agreement broadens the company’s beverage offering and uses Popsicle’s brand familiarity to reach adult consumers.
On March 19, 2026, Tilray Brands, Inc. (NASDAQ:TLRY)’s division, Tilray Medical, reported its largest medical cannabis portfolio expansion in Australia, expanding product availability to meet surging demand in the regulated market. The company plans to expand its local offerings while selling EU-GMP-certified medicines through established prescribers, pharmacies, and clinical distribution channels. Tilray Brands’ President of International, Rajnish Ohri, stated that Australia is a major market in the firm’s global growth plan.
Tilray Brands, Inc. (NASDAQ:TLRY) is a consumer packaged goods firm specializing in medical cannabis research and the cultivation, processing, and global distribution of cannabis products. It operates in the following segments: cannabis, distribution, beverage, and wellness.
4. SNDL Inc. (NASDAQ:SNDL)
Number of Hedge Fund Holders: 15
On March 12, 2026, SNDL Inc. (NASDAQ:SNDL) announced fourth-quarter and full-year 2025 results, with net revenue of $252.5 million for the quarter and $946.4 million for the year, representing a 2.0% quarterly reduction and 2.8% annual growth. The corporation reported a record gross profit of $70.2 million in the fourth quarter and $258.6 million for the year, while gross margins increased to 27.8% and 27.3%, respectively. SNDL Inc. (NASDAQ:SNDL) produced $11.8 million in operating income in Q4 and posted a $6.3 million loss for the year, with adjusted operating income breaking even at $0.1 million.
The firm achieved positive cash flow of $11.7 million in Q4 and $33.9 million for the year, with free cash flow of $10.2 million and $18.0 million, more than doubling from the previous year. CEO Zach George said that SNDL Inc. (NASDAQ:SNDL) accomplished record income statement and cash flow performance despite pursuing restructuring, retail development, and share buybacks, repurchasing 4.3 million shares since December 2025.
SNDL Inc. (NASDAQ:SNDL) is a licensed producer that makes small-batch cannabis in advanced indoor facilities. It operates in four segments: liquor retail, cannabis retail, cannabis operations, and investments.
3. Innovative Industrial Properties, Inc. (NYSE:IIPR)
Number of Hedge Fund Holders: 18
On March 13, 2026, Innovative Industrial Properties, Inc. (NYSE:IIPR) reported that the board announced a first-quarter dividend of $1.90 per share, representing an annualized $7.60 per share, payable on April 15 to stockholders of record on March 31. The corporation also announced a quarterly dividend of $0.5625 per share for its 9.00% Series. A preferred stock, with $1.1 billion in common stock dividends paid since its inception.
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced full-year 2025 results, achieving sales of $266.0 million and net income of $114.4 million, or $3.93 per diluted share, while producing AFFO of $205.4 million, or $7.24 per share. Executive Chairman Alan Gold stated that the firm advanced portfolio diversification and balance sheet strength by raising $146 million in debt and preferred equity, signing new leases, and establishing a $100 million revolving credit facility.
Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that focuses on the acquisition, ownership, and management of industrial buildings. It works in two segments: Cannabis Portfolio and Life Science Portfolio.
2. The Scotts Miracle-Gro Company (NYSE:SMG)
Number of Hedge Fund Holders: 33
On March 26, 2026, JPMorgan reduced The Scotts Miracle-Gro Company (NYSE:SMG) to Neutral from Overweight, lowering its price objective to $67 from $70. The corporation noted rising input costs, predicting higher prices for urea, diesel, and high-density polyethylene due to the Iran conflict. JPMorgan said that these market conditions may cause raw material costs to rise in fiscal 2027 compared to 2026, raising uncertainty about earnings growth.
The Scotts Miracle-Gro Company (NYSE:SMG) released fiscal first-quarter 2026 results, with U.S. Consumer net sales of $328.5 million, a GAAP gross margin of 25.0%, and adjusted EBITDA of $3.0 million, up $2.1 million year on year. The corporation stated plans to divest its Hawthorne subsidiary and approved a $500 million share repurchase program beginning in late 2026. CEO Jim Hagedorn noted that the divestment will increase margins. CFO Mark Scheiwer stated that performance is consistent with fiscal 2026 guidance, which includes adjusted EPS ranging from $4.15 to $4.35.
The Scotts Miracle-Gro Company (NYSE:SMG) manufactures, markets, and sells lawn and garden care products, as well as indoor and hydroponic growing solutions. The company’s products and services include lawn care, gardening and landscaping, hydroponic hardware and growing environments, lighting, controls, and marketing agreements.
1. Turning Point Brands, Inc. (NYSE:TPB)
Number of Hedge Fund Holders: 45
Alliance Global analyst Aaron Grey boosted Turning Point Brands, Inc. (NYSE:TPB )’s price objective to $135 from $110 on March 3, 2026, while keeping a Buy rating following the company’s fourth-quarter results. The analyst said that higher trade spending adds some volatility in net sales guidance. However, he anticipates significant sales growth in 2026, adding that the corporation might emerge as a leader in the modern oral pouch segment.
On March 2, 2026, Turning Point Brands, Inc. (NYSE:TPB) published fourth-quarter and full-year 2025 results, with Q4 net sales of $121.0 million, up 29.2% year on year, net income of $8.2 million, up 239.8%, and adjusted EBITDA of $30.0 million, climbing by 14.4%. The firm reported full-year net sales of $463.1 million, a 28.4% rise, with net income of $58.2 million and adjusted EBITDA of $119.5 million. CEO Graham Purdy pointed out that modern oral products fueled growth, with Q4 sales up 266% to $41.3 million.
Turning Point Brands, Inc. (NYSE:TPB) manufactures, markets, and distributes branded consumer items, including alternative smoking accessories and consumables containing active substances. It functions through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions.
While we acknowledge the potential of TPB 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 TPB and that has 100x upside potential, check out our report about the cheapest AI stock.
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