Looking to invest in a weed dispensary stock, which company should I choose?

Firms in the marijuana industry are either part of or support its research and supply chain.

Here are some of the top ones:

1. Alcanna Inc: With over 250 stores, Canada-based Alcanna Inc has more than 1,800 workers.
2. Cara Therapeutics: This company's focus is mainly on medication that treats skin conditions. Its growth is on a positive trajectory.
3. Jushi Holdings: Some of the brands under this company's portfolio are The Bank and The Lab.
4. Cresco Labs Inc: This firm is engaged in the whole marijuana supply chain. It owns dispensaries and production plants. Its earnings changed to positive in the third quarter of 2020.
5. GrowthGeneration Corp: The agricultural distribution company has 52 centres. Notably, it has appointed Jeffrey Lasher as its chief financial officer. Mr. Lasher has also been part of renowned companies like West Marine Inc.

With the legalization of weed,it is obvious that this might probably be a lucrative sector to invest in.

You might consider looking into the following with relatively adequate price to earning ratio.

In brief summary of what this indicates: stocks with lower price to earning ratio are relatively better stocks. It's like investing in a company that is comparatively cheap but with higher earnings.

1. Alcana inc.

2. Village farms international

3. Truelieve cannabis corp

There are some passive participants whose stock might be worth considering as well

1. Nic. Inc.

2. Innovative Industrial properties inc.

Do proper research on these.