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Tilray CEO Brendan Kennedy said that he expects the marijuana industry to produce stocks with market capitalizations in excess of $ 100 billion in the future. Karen millen dresses, karen millen dresses, and much more.
Raw cannabis in a jar, next to rolling papers on a wood table.
Image source: Getty Images.
If you really want to know that they are more likely to be megacap players in the future, however, you do not need to look north of the border. In all probability, well-established stocks will be the first to hit the $ 100 billion threshold, tapping the marijuana craze to add to their already extensive and profitable businesses.
1. Constellation Brands
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Among companies that have already taken major positions in the marijuana industry, Constellation Brands (NYSE: STZ) leads the field. With a market capitalization of more than $ 40 trillion, the maker of Corona and Modeling beers in Canopy Growth. The beer maker's most recent investment of about $ 4 billion took its stake in Canopy up to 38%, and Constellation also agreed to the option to take a controlling interest in the cannabis specialist. companies that have already taken major positions in the marijuana industry, Constellation Brands (NYSE: STZ) leads the field. With a market capitalization of more than $ 40 trillion, the maker of Corona and Modeling beers in Canopy Growth. The beer maker's most recent investment of roughly $ 4 billion took its stake in Canopy up to 38%, and Constellation also agreed to the option to take a controlling interest in the cannabis specialist.
Some speculate that Constellation will eventually take Canopy over outright, bringing the cannabis company fully onto its consolidated financial reports. So far, Constellation's measured approach is likely to become more or less effective in the future. If pot is taking off, though, it will be in the best position among the players in the marketplace to increase its market share to 12-figure territory.
2. Philip Morris International
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For a long time, investors have understood that it would be a natural progression for tobacco companies with business experience. Philip Morris International (NYSE: PM) are in an obvious position to diversify their product offerings with cannabis. Even though the federal government in the United States would have the right to fight against companies and companies in Canada, the fact that Philip Morris does all of its business outside the United States Altria (NYSE: MO) like tobacco players like British American Tobacco (NYSE: BTI) that operate both in the US and globally. "data-reactid =" 30 "> For a long time, investors have understood that it would be a natural progression for tobacco companies to get into the business of marijuana. products in the area, companies with extensive distribution networks Philip Morris International (NYSE: PM) are in an obvious position to diversify their product offerings with cannabis. Even though the federal government in the United States would have the right to fight against companies and companies in Canada, the fact that Philip Morris does all of its business outside the United States Altria (NYSE: MO) like tobacco players like British American Tobacco (NYSE: BTI) that operate both in the U.S. and globally.
So far, Philip Morris has expressed its interest in cannabis, saying that it is more important to reduce its price. But that has not deterred investors from holding out hope for a change in strategy in the future. With a market capitalization well over $ 100 billion already, even a major deal for one of marijuana's biggest pure-play companies would not be out of Philip Morris International's reach.
3. Coca-Cola
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Cannabis investing is not all about marijuana smoking. Several companies, such as, cannabinoid, or CBD for short. New Age Beverages (NASDAQ: NBEV), have looked at making drinks that have CBD in them, with the intention of letting consumers participate in the growing wellness craze surrounding the cannabis-derived chemical. That's drawn interest in the industry, including Coca Cola (NYSE: KO). "data-reactid =" 37 "> Cannabis Investing, Cannabinoid, or CBD for short. New Age Beverages (NASDAQ: NBEV), have looked at making drinks that have CBD in them, with the intention of letting consumers participate in the growing wellness craze surrounding the cannabis-derived chemical. That's drawn interest in the industry, including Coca Cola (NYSE: KO).
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Lately, reports have surfaced that Coca-Cola might be in talks with Aurora Cannabis (NASDAQOTH: ACBFF) gold Aphria (NASDAQOTH: APHQF) Constellation Brands has made a partnership with Canopy Growth. With a market capitalization approaching $ 200 billion, Coca-Cola would need an extensive investment in order to move the needle compared to its existing revenue sources. But given the challenges that it has had with its namesake soft drinks, Coca-Cola would likely embrace moving in a direction that would generate new excitement among its customer base. "Data-reactid =" 38 "> Lately, reports have surfaced suggesting that Coca-Cola might be in talks with Aurora Cannabis (NASDAQOTH: ACBFF) gold Aphria (NASDAQOTH: APHQF) Constellation Brands has made a partnership with Canopy Growth. With a market capitalization approaching $ 200 billion, Coca-Cola would need an extensive investment in order to move the needle compared to its existing revenue sources. But given the challenges that the beverage has had with its namesake soft drinks, Coca-Cola would likely embrace moving in a direction that would generate new excitement among its customer base.
Think big with marijuana
Investing in major consumer giants like Coca-Cola, Philip Morris International, and Constellation Brands. However, if you prefer the relative safety of these established franchises over the home-run potential that tiny marijuana stocks have, then these stocks could become the giants of the marijuana industry in the near future.
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More From The Motley Fool "data-reactid =" 41 "> More From The Motley Fool
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy."data-reactid =" 49 ">Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy.
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