Below we presented the list of top five cannabis stocks to buy now. To read our detailed discussion and see a more comprehensive ranking of the weed stocks please see Top 10 Cannabis Stocks to Buy Now.
5. Canopy Growth Corporation (NASDAQ:CGC)
Canopy Growth Corporation (NASDAQ:CGC) leads our list of top five most popular cannabis stocks among hedge funds, as nine funds disclosed stakes worth $19.07 million in total, down from 11 funds the previous quarter.
Canopy Growth Corporation (NASDAQ:CGC) is one of the largest cannabis companies in the world and is highly diversified covering not just recreational and medical cannabis flower segments, but also hemp, CBD, beverages, edibles and vaporizers. The company has also entered into several important partnerships with Constellation Brands, Inc. (NYSE:STZ), Snoop Dogg, Seth Rogen, and Martha Stewart. In September, Canopy Growth Corporation (NASDAQ:CGC) launched Martha Stewart branded CBD gummies, oil, and gel on the US market and has been expanding the distribution network in the US.