When it comes to the cannabis industry, there is a large range of marijuana stocks. At the top we have the pure-play pot stocks. These companies operate by growing large quantities of cannabis to be sold as wholesale or retail. While these pot stocks can be solid investments, they often hold a large amount of volatility within them. Next, we have the mid cap marijuana stocks to watch. These companies include MSOs and contracted cannabis oil producers. Mid-cap pot stocks tend to be quite profitable, but it does range across the board.

At the small end of the market cap spectrum, the marijuana stocks range in the type of business that they conduct. This could be anything from money transport services all the way to small product producers. As you can see, there are a great deal of options when it comes to finding a pot stock to buy. But, as always we have to continue to do as much research as possible before confirming that a company is a marijuana stock to watch. With this, here are two marijuana stocks to keep an eye on for the near future.

A Marijuana Supply Pot Stock

GrowGeneration Corp. (NASDAQ:GRWG) is one of the leading producers of marijuana grow supplies. Although GRWG stock is not in itself a marijuana stock, it does supply a great deal to the cannabis industry. Currently, GRWG stock is trading at around 150 times its earnings. Although this may seem expensive, the company is doing a lot to stay competitive. Many believe that GRWG stock is very similar to Scotts Miracle-Gro Inc. (NYSE:SMG), which is a fair comparison.

But, GrowGeneration works differently in that it produces products which it then sells vertically. Because of its vertical integration, GRWG stock has produced more profitability than most other similar pot stocks. In addition, GrowGeneration is in a very solid position to grow with the rest of the cannabis industry. Currently, investors believe that GRWG stock has a great deal of potential in the next few years of the industry. Of course, this depends on a lot of different factors including how fast it can grow, and how much profit it can make. For now however, it remains a leading pot stock to watch.

A Mid-Cap Marijuana Grower

Village Farms International Inc. (NASDAQ:VFF) is one of the leading small-cap growers of cannabis. As opposed to some larger marijuana growers like Cronos Group Inc. (NASDAQ:CRON) or Tilray Inc. (NASDAQ:TLRY), Village Farms has a long history in the agriculture sector. For years, VFF stock had participated in the growing of vegetables. With its expertise, the company soon began to move into the cannabis industry. Since that time, VFF stock has managed to garner a great deal of attention.

Village Farms profitability rivals other major growers and retailers like Green Thumb Industries Inc. (OTC:GTBIF). In addition to this, VFF stock has managed to grow substantially in the Canadian cannabis industry. It currently has as much as 14% of the market share for dried cannabis in Ontario. Village Farms has a long potential timeframe to see major success. Due to its position in the Canadian cannabis industry, it remains one of the most prominent marijuana stocks to watch.

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