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The National Institute on Drug Abuse says marijuana can be addictive and is considered a “gateway drug” to using other drugs. “The higher the level of THC and the more often you use, the more likely you are to become dependent,” Bonn-Miller says. “You have difficulty stopping if you need to stop. You have cravings during periods when you’re not using. And you need more and more of it to have the same effect.” Learn more about the long-term effects of marijuana use.

Medical marijuana uses the marijuana plant or chemicals in it to treat diseases or conditions. It’s basically the same product as recreational marijuana, but it’s taken for medical purposes.

Department of Health and Human Services.

How do you take it?

To get medical marijuana, you need a written recommendation from a licensed doctor in states where that is legal. (Not every doctor is willing to recommend medical marijuana for their patients.) You must have a condition that qualifies for medical marijuana use. Each state has its own list of qualifying conditions. Your state may also require you to get a medical marijuana ID card. Once you have that card, you can buy medical marijuana at a store called a dispensary.

To take medical marijuana, you can:

Side effects that have been reported include:

How you take it is up to you. Each method works differently in your body. “If you smoke or vaporize cannabis, you feel the effects very quickly,” Bonn-Miller says. “If you eat it, it takes significantly longer. It can take 1 to 2 hours to experience the effects from edible products.”

These are the marijuana stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in the early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business’s value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The P/S ratio shows how much you’re paying for the stock for each dollar of sales generated.

Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), have underperformed the broader market. MJ has provided a total return of 37.7% over the past 12 months, above the Russell 1000 index’s total return of 40.1%. These market performance numbers and all statistics in the tables below are as of July 26, 2021.

Momentum investing is a factor-based investing strategy in which you invest in a stock whose price has risen faster than the market as a whole. Momentum investors believe that stocks which have outperformed the market will often continue to do so, because the factors that caused them to outperform will not suddenly disappear. In addition, other investors, seeking to benefit from the stock’s outperformance, will often purchase the stock, further bidding its price higher and pushing the stock higher still. These are the stocks that had the highest total return over the last 12 months.

Best Value Marijuana Stocks

These are the marijuana stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue organically or through other means, and find growing companies that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.

Here are the top 5 marijuana stocks with the best value, the fastest growth, and the most momentum.

On March 31, 2021, New York passed a law legalizing recreational cannabis, expanding medical use, and decriminalizing possession of small amounts of marijuana, among other measures. Not all of these provisions will go into effect immediately and there is no timeline yet on when all these measures will be fully implemented.

The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal, and other uses. Some of the biggest companies in the marijuana industry include Canopy Growth Corp. (CGC), Cronos Group Inc. (CRON), and Tilray Inc. (TLRY). Many big marijuana companies have continued to post sizable net losses as they focus on investing in equipment to speed up revenue growth, which remained strong despite the economic disruption caused by the global pandemic.

Another important visual indicator of good weed is the amount and viability of trichomes. Trichomes are the tiny, glimmering crystal-like appendages on the plant’s surface that create and hold the compounds responsible for the flower’s smell, flavor, and effects. The more frosty trichomes you can see with the naked eye, the better indicator of the flower’s intoxicating and therapeutic potency. If your eyesight has seen better days or you want to get up close, use a magnifying glass to get an even better sense of a nug’s trichomes.

3. Diverse cannabinoids: A diverse cannabinoid and terpene profile is desirable in CBD products. Rae recommended that consumers ask to see the Certificate of Analysis before making a purchase. The certificate provides a comprehensive list of cannabinoids contained in the product in addition to therapeutic terpenes and any potential contaminants such as pesticides or heavy metals.

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4. Flower structure: Poor flower structure can be easily detected with a discerning eye. While a properly cultivated flower will often be aesthetically pleasing, a carelessly grown plant can produce inferior-looking flowers. Though a plant’s structure really says nothing about its chemical composition, it can still tell a story. Improper lighting or growing conditions can lead to “fluffy” or “airy” nugs, and while they may contain high levels of cannabinoids and terpenes, their density is still widely and harshly dismissed by the cannabis community.

While top-shelf flower is the hallmark of a great dispensary, good flower comes in many shapes and sizes and has more than a few nicknames.

While all good cannabis should be visually appealing, a top-shelf strain can easily display a vibrant array of colors. Photo by: Gina Coleman/Weedmaps