Home > Best Cannabis Stocks to Buy in June 2021

Best Cannabis Stocks to Buy in June 2021

Although it was affected by the COVID-19 pandemic, the cannabis market is expected to grow by 18.1% compound annual growth rate (CAGR) by 2026.

Where Can I Buy Cannabis Stocks in June 2021?

In June 2021, two of the best brokers to use when buying cannabis stocks are eToro and Capital.


eToro is a broker specialized in CFD trading that offers its millions of users access to various markets such as shares, indices, cryptocurrencies, commodities,  or traditional currencies. It offers over 2000+ assets to choose from and has one of the most competitive rates in the industry.

Buy on eToro >


Capital is well-known as an online brokerage firm that offers a one-click trading experience to its customers. It gives access to over 3000+ markets, from Forex to shares, cryptocurrencies, indices, commodities, or ETFs.

Buy on Capital >

Which Cannabis Stocks to Buy in June 2021?

The following is a curated list of cannabis stocks to buy in June 2021. Each stock was added for its growth potential and how it may impact the cannabis industry. Added to an uncorrelated stock market portfolio, the players in the cannabis industry presented here offer great diversification benefits to any portfolio.

1. Cronos Group (NASDAQ:CRON)

Cronos Group is one of the most famous cannabinoid companies. It exports dried cannabis and cannabis oils, among other produces, and is based in Toronto, Canada. The company has a strong e-commerce presence, and it also partners with hospitality channels under Lord Jones and Happy Dance brands in the US. Its stock price is up 18.88% this year, and its revenue growth exceeds 74% YoY.

Buy Cronos Group stocks today >

2. Aurora Cannabis (NASDAQ:ACB)

Based in Edmonton, Canada, Aurora Cannabis is active in the pharmaceutical industry. It produces and distributes medical cannabis products throughout the world and is also involved in cannabis analytical product testing services. Aurora has recently filed for $300 million at-the-money offering.

Buy Aurora Cannabis stocks today >

3. Tilray (NASDAQ:TLRY)

Tilray engages in research, processing, and distribution of medical cannabis, with operations all over the world. Tilray’s stock price is up over 100% YTD after a double upgrade from Jefferies last month, following solid prospects in the European markets.

Buy Tilray stocks today >

4. Innovative Industrial Properties (NYSE:IIPR)

This company chose to be taxed as a real estate investment trust (REIT), but it has strong ties with the cannabis industry. It owns and manages specialized properties for its regulated medical-use cannabis facilities. Its share price is flat on the year, but up over 100% in the last twelve months.

Buy Innovative Industrial Properties stocks today >

5. Hexo Corporation (NYSE:HEXO)

HEXO recently acquired Canada’s Redecan entities in a deal estimated at close to $1 billion. Its stock price gained 5% on the news as investors welcomed the consolidation in the industry. It also acquired last month 48North Cannabis for another $50 million.

Buy Hexo Corporation stocks today >

6. Canopy Growth Corporation (NASDAQ:CGC)

Canopy Growth Corporation produces, distributes, and sells cannabis in various markets around the world, from North America to Germany and the United Kingdom. It is an active investor in the industry, providing growth capital to pursue investments in the global cannabis market.

Buy Canopy Growth Corporation stocks today >

7. OrganiGram Holdings (NASDAQ:OGI)

Organigram Holdings is one of the best-performing companies in the sector, up 121% YTD. It engages in the wholesale of adult-use recreational cannabis, cannabis derivative-based products, and medical cannabis products. Viewed by many as a penny stock, it is attractive due to the CAGR potential of the industry, the affordability for retail investors, and a strong footprint in Canada.

Buy OrganiGram stocks today >

8. AbbVie (NYSE: ABBV)

AbbVie is a biotechnology company active in the health care sector that develops and sells pharmaceuticals worldwide. Some of them are cannabis-based, thus offering investors exposure to the industry. AbbVie is headquartered in North Chicago, Illinois, the United States, and its share price is almost flat for the year so far.

Buy AbbVie stocks today >

9. Corbus Pharmaceuticals Holdings (NASDAQ:CRBP)

Corbus Pharmaceuticals Holdings is developing cannabinoid receptor type 1 used in the treatment of metabolic disorders. The company is based in Norwood, Massachusetts, the United States, and has an enterprise value of $174 million.

Buy Corbus Pharmaceuticals Holdings today >

10. Altria Group (NYSE:MO)

Altria needs no introduction as it is one of the largest tobacco companies in the world. However, it is involved in the cannabis industry, too, after a $1.8 billion investment in the industry. It is now lobbying to push cannabis-friendly laws in the United States.

Buy Altria Group stocks today >

Why Buy Cannabis Stocks in June 2021?

As the first half of the year comes to an end this month, it is time perhaps to rebalance your portfolio. Active managers are always in search of companies that bring diversification benefits, and the cannabis industry has such attributes.

The global cannabis market has witnessed impressive developments in the last few years. Since December 2018, the US government has approved the farm bill that makes cannabis containing less than 0.3% THC legal.

North America dominates the cannabis market, following the legalization of cannabis in Canada. Also, marijuana was legalized in Canada nationwide in October 2018, and the use of it for recreational purposes increased.

The global cannabis market is a competitive one, with players looking to consolidate their position in the industry. They do so by increasing their investments, and thus, offering retail traders the possibility to participate in the expected growth.

The legalization of cannabis on the back of the proven medicinal properties is a key driver for investments in the industry.

The Bottom Line on Buying Cannabis Stocks in June

The bottom line on buying cannabis stocks in June is that some of the ones presented on our list trade flat on the year. Before deciding to buy cannabis stocks, you should do your own research on industry trends as well as on each individual company.

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