Guide to California’s Cannabis Stocks


Kelly Weimert

February 21st, 2018

Policy


On January 1st of this year, California finally began allowing the legal sale of marijuana for recreational purposes.  According to state estimates, approximately 400 businesses are licensed to sell cannabis, and that number is expected to grow considerably in the coming months and years.

As of now, California is the biggest state to legalize cannabis for recreational use. From an economic standpoint, it largely overshadows other legal marijuana states, with GreenWave Advisors, a cannabis financial analyst, estimating that the industry could be worth $5.1 billion by the end of this year. Moreover, a report from the investment bank Cowen predicts that California legalization might triple the size of the United States’ cannabis industry as a whole within ten years.

That being said, the California cannabis industry is a force to be reckoned with, growing in size every day with many predicting that it will become a multibillion-dollar industry in only a handful of years. And given that the majority of adults in the United States approve legalization—64% in 2017 compared to 36% ten years prior—it’s a safe bet that this industry isn’t going anywhere anytime soon.

If you’re looking to get a piece of California’s massive marijuana industry, then consider investing in one (or several) of the growing list of publicly-traded cannabis companies in the state.

Name Description Market Cap
CannaRoyalty While this company is based in Canada, it has a heavy footprint in the California cannabis market since its statewide legalization. It provides upfront capital to licensed cannabis businesses in exchange for revenue royalty, invests capital in exchange for shares or equity, and enters into licensing agreements with management teams in legal cannabis jurisdictions to license the use of owned brands. The company’s investments settle in research and intellectual property, brands development, and industry infrastructure. 193.44M
United Cannabis Corp. This company is engaged in the medical spa management business, providing products, services, and intellectual property to the cannabis industry. It owns intellectual property as it relates to legalized growth, production, manufacturing, marketing, management, utilization and distribution of medical and recreational marijuana products. The company owns Harborside Health Center, which manufactures Bubbleman products in California. 68.339M
Terra Tech Terra Tech is a vertically-integrated cannabis agriculture company that focuses on cultivating and providing medical cannabis in the form of hydroponic produce and cannabis products. Through its subsidiary, GrowOp Technology, it oversees design, marketing, and sale of hydroponic equipment developed to create sustainable cultivation solutions. Additionally, it’s a retail seller of local hydroponic produce, herbs, and flower through another of its subsidiaries, Edible Garden Corp. In California, the company operates a medical marijuana dispensary called Blum. 252.79M
GrowLife, Inc. This company provides farming soil, hydroponic equipment, organic plant nutrients, and other products to specialty grow operations throughout the United States. Its subsidiary, GrowLife Hydroponics, is what the company primarily sells through, which distributes and sells over 3,000 products by way of its distribution channel, Greners.com, and through various regional retail stores. GrowLife serves a community of commercial and urban cultivators growing specialty crops such as organic greens and plant-based medicines. 40.42M
GreenGro Technologies, Inc. GreenGro Technologies focuses on indoor and outdoor agricultural science systems for consumer and commercial farming markets. It provides manufacturing and sale of vertical cultivation systems as well as facilities design. It also provides design, construction, and maintenance services to grow and cultivation operations in the medical and recreational marijuana sectors. Through its retail store in Anaheim, California, it sells vertical cultivation systems and hydroponic supplies, with customers that include restaurants, community gardens, and small and large commercial clients. 18.11M
Solis Tek, Inc. Solis Tek, Inc. imports, distributes and markets digital lighting equipment for the hydroponics industry. Its product line includes digital ballasts, lighting products, specialty metal halide digital lamps, reflectors, and a wide range of other lighting technologies specially designed for hydroponic horticulture. And while it doesn’t solely serve the marijuana industry, many of its products are used for cannabis growth. 52M
Innovative Industrial Properties, Inc. This company focuses on the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their medical-use cannabis facilities. It leases properties on a triple-net lease basis where the tenant is responsible for all aspects of and costs related to the property, including maintenance, taxes, and insurance. The company conducts business in an umbrella partnership real estate investment trust. 175.79M
GrowGeneration Corp. GrowGeneration operates retail hydroponic and organic specialty gardening retail outlets. Additionally, the company is engaged in the development of a branded e-commerce portal, www.GrowGeneration.com. Its stores in Colorado and California offer supplies to the hydroponic industry, including farming soil, hydroponic equipment, lighting, plant nutrients, and other products used by specialty cultivation operations. Its target market includes small farms, home garden growers, farmers markets, restaurant growers, and growers in the cannabis market, including dispensaries, cultivators, and caregivers. 83.67M

Descriptions source: Reuters.com

Kelly Weimert

About Kelly Weimert

Kelly is a full-time freelance writer based in Austin, TX. A happy hybrid of geek and hippie, when she's not nestled into her couch crankin' out crafty prose with her miscreant Chihuahua, you can find her frolicking outside to keep her sanity in check.


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