The Best Cannabis Stocks of 2022

The cannabis industry keeps on growing, and it seems that it’s only going to get bigger. Even during the height of the coronavirus pandemic in 2020, research from McMasters University found that cannabis sales rose by a whopping 25 percent a month. As such, now is an excellent time to start investing in some of the best cannabis stocks for 2022.

From marijuana growers and retailers to ancillary services and pharmaceutical companies, there are many promising cannabis stocks out there to invest in. Like with any investment, it’s important to consider your options carefully and diversify your portfolio. With that said, these are some of the best cannabis stocks of 2022 you might want to add to your investment portfolio.

Village Farms International

If you’re trying to avoid risks and would prefer to invest in a company that performs consistently strongly, you might want to invest in Village Farms International. Village Farms International is a Canada-based agricultural company that produces greenhouse-grown plants and vegetables for an international market.

Even before Village Farms International got into the cannabis industry, the company thrived due to its operations in Canada, the United States, and even Mexico. However, since acquiring major cannabis brands such as Balanced Health Botanicals, Village Farms International reported that 43% of its total sales were due to its Canadian and US cannabis operations.

Village Farms International is currently selling more dried flower products than any other Canadian cannabis producer and, with its acquisition of high-quality brands and its willingness to expand, it looks like this stock has plenty more room to grow. As such, this is easily one of the best cannabis stocks of 2022 that every investor should consider adding to their portfolio.

Green Thumb Industries

Green Thumb Industries

Green Thumb Industries is another top cannabis stock that holds a lot of promise for 2022. The Chicago, Illinois-based company has an impressive portfolio of cannabis consumer brands, including Beboe, Dogwalkers, Dr. Solomon’s, Good Green, Incredibles, and RYTHM. Across these brands, it serves a large portion of the recreational and medical cannabis market in the United States.

After initially starting in Illinois, Green Thumb Industries now has 16 manufacturing facilities and 66 open retail locations covering 14 markets in the United States. On top of that, the company is growing fast and gathering acclaim for its good working conditions. Everything looks positive for the company so far and it seems that it can continue to profit.

Even despite the pitfalls that many companies across the industry faced over the past year, Green Thumb Industries managed to double its profits in 2021. The company also has operations in Vancouver and plans to expand into other major U.S. markets including New York. All of this suggests that Green Thumb Industries is one of the best cannabis stocks to invest in right now.

Trulieve Cannabis

Trulieve is another interesting pick as far as cannabis stocks go. This Florida-based company is now one of the top medical marijuana brands in Florida. While its sole focus on the Florida market previously caused some investors to question whether investing in Trulieve stock is worth it, Trulieve is now expanding into other markets such as California, Massachusetts, and Connecticut.

Its stock value surged from 38.55 CAD in December 2020 to 65.60 CAD in March 2021, although it’s now back down to 31.23 CAD. However, this loss in value doesn’t necessarily mean that it’s not worth buying. With Trulieve’s acquisition of Harvest Health & Recreation and other plans to expand, its stock could rise once again.

Right now is a good time to invest in Trulieve while it’s low. Although it might be a risky play, it’s also one that could pay off big time. On top of its current efforts to expand, Trulieve stock also has the potential to surge in the future if the efforts to legalize recreational cannabis in Florida are successful.

Curaleaf Holdings

Curaleaf Holdings has been one of the top marijuana stocks for a long time. The Massachusetts-based cannabis giant now operates in 23 states and serves over 350,000 registered patients. The company also reported over 1 billion USD in revenue this year – almost double what it made last year.

Despite its strong sales performance, Curaleaf shares have gone down from 22.83 CAD in February to 11.71 CAD in December 2021. However, the company is still highly profitable and has plenty of room to grow in 2022 and further ahead. Much like with Trulieve, right now could be a great time to invest in Curaleaf while prices are low.

While the stock might not shoot up instantly, this is an excellent long-term play as Curaleaf Holdings already has a strong foothold in the American cannabis market and looks like it has tons of potential to grow over the next few years.

High Tide

High Tide

Many of these stocks belong to established cannabis giants, making them particularly safe plays. However, if you want something a little riskier yet potentially much more rewarding, you might want to look into High Tide. With a stock price of 6.65 CAD, this company has caught the attention of many investors.

High Tide Inc. is a Canadian cannabis enterprise with operations in Canada, the United States, and Europe. It’s best known for its Canna Cabana retail stores, which act as a cannabis discount club for customers across Canada. This unique cannabis business model has led some to describe it as the Costco of cannabis.

Along with over 100 retail stores in Ontario, Manitoba, Saskatchewan, and Alberta, High Tide also operates the online cannabis accessory retailers GrassCity and SmokeCartel, serving customers in Canada and the United States. Its portfolio also includes CBD brands in the United States and the United Kingdom. As such, it’s one of the most promising and interesting cannabis stocks for investors in 2022.


It’s an excellent time to invest in cannabis companies, especially as the pandemic dies down and many cannabis growers, retailers, and ancillary services have the opportunity to reach their potential. These are some of the best cannabis stocks of 2022 and you might want to research them and add them to your portfolio.

Cannabis investing can be risky, but it can also pay off if you make the right investments. With that said, those who want to simply buy cannabis instead of cannabis stocks can find weed, concentrates, edibles, tinctures, vapes, and more available for online delivery from West Coast Cannabis.

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