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5 Marijuana Stocks Wall Street Is Most Bullish On

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Cannabis and marijuana stocks are an exciting industry right now. According to Cowen & Co.’s Vivien Azer – a pioneer in cannabis-stock analysis – U.S. marijuana sales are set to reach about $80 billion by 2030. Currently, U.S. legal and illicit sales combined total at least $50 billion. That’s on top of an estimated $C12 billion in Canadian revenue by 2025 for both recreational and medical use.

The problem? It’s still early days for the sector, which means significant risk is involved. It’s common to see these primarily small- and mid-cap stocks move 10% or more in response to headlines or quarterly earnings reports. Companies are rushing to establish an early leadership position, and not all of them will end up winners. Plus, the federal legalization of cannabis in the U.S. remains a big question mark.

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So how do you pinpoint the most compelling investing opportunities in this lucrative industry? One option is to focus on the cannabis stocks that the Street is most bullish on right now.

We used TipRanks market data to pinpoint five cannabis and marijuana stocks to buy based on overwhelmingly positive consensus ratings among Wall Street analysts. Let’s take a closer look at each.

SEE ALSO: Goldman Sachs: 7 Growth Stocks to Buy With Explosive Potential

Data is as of April 16. TipRanks consensus ratings and price targets based on analyst actions within the past three months.

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