As legalization continues to occur for cannabis around the world, more and more investors are excited about investing in the marijuana space. Many stocks have recently seen increases in their value as people become comfortable with cannabis as an investment and as laws continue to change. With some estimates showing that the cannabis space could in Canada alone, reach $5 billion in annual sales, it seems as though there is a lot of potential in the cannabis market as a whole.

The main stock that people have been talking about in the industry has been Canopy Growth Corp (NYSE:CGC) Canopy recently signed into a deal with Constellation Brands (NYSE:STZ) adding around $4 billion in investments to the former. The company currently has almost 6 million square feet of growing capacity, which means that they are perfectly poised to grow from the new recreational cannabis laws going into place in Canada. According to one report, in addition “Health Canada has already given the green light to 2.4 million square feet of production space, which should give the company more than ample capacity to nab significant recreational market share when the green flag waves in two months’ time.”

Canopy has also remained one of the most recognizable brands throughout Canada which means that they should have a large amount of potential to continue this growth trend into the near future, but only time will tell.

The company Aphria (NASDAQOTH:APHQF) is another one of the big players in the Canadian cannabis industry. The company has stated that they are going to see as much as $356 million in sales during the fiscal year of 2019. This large amount of revenue is subject to come from a series of various projects. The first project is known as Aphria One, which as the company states is “the company’s flagship organic build-out. This four-phase expansion is costing Aphria in excess of $100 million but will eventually span about 1 million square feet of production capacity and yield around 100,000 kilograms.” The second project is known as Aphria Diamond, which as they further state is a “joint venture between Aphria and Double Diamond Farms. Aphria is in the process of retrofitting vegetable-growing greenhouses for cannabis production, which saves a lot of time and money as opposed to building a new greenhouse from the ground up. When complete, this 1.2-million-square-foot facility should yield around 120,000 kilograms annually.” This puts Aphria as another perfectly poised stock to take advantage of the changing cannabis market domestically.

The last stock on the list and one that should come as no surprise is the company Aurora Cannabis (NASDAQOTH:ACBFF) As the last of the big players in the Canadian cannabis space, the company is on track to produce more cannabis annually than any other producer in the world. The company is slated to produce as much as 570,000 kilograms of cannabis per year, which puts them in the top tier of growers throughout the whole of the industry. Aurora has also been working to create series of new products that will allow them to have higher margins than most other cannabis companies. The growing market on oils, concentrates and other products using cannabis as the base, has become a significant portion of the cannabis space overall.

The cannabis market has continued to grow with a massive amount of propensity toward the future over the course of the past several years. The hopes are high that the industry can continue this growth into the near future and beyond.

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