I’m of the view that marijuana shares may very well be intriguing bets heading into 2026. I do know, for a man who has not been bullish on this sector in a very long time (most of my 2018–2020 items targeted on how overvalued this sector turned), that could be a shocker. In fact, that view was right again then, however I do suppose various issues have modified as we head towards a decade during which publicly listed hashish shares have been in the marketplace.
For these with some extra speculative capital trying to be put to work this yr, let’s dive into three high Canadian hashish shares I believe are value proudly owning proper now.
Curaleaf
Maybe my favorite TSX-listed hashish large is Curaleaf (TSX:CURE). That should be no shock to readers, given my earlier commentary round this multi-state operator.
Curaleaf’s share worth has been on the decline over the course of the previous 5 years. That needs to be no shock to readers, given the course of journey for this sector total.
That mentioned, this firm’s give attention to the U.S. retail market, with a vertically built-in enterprise mannequin and multi-state scale, positions the corporate effectively to learn not solely from extra grownup medical use (given the latest reclassification of marijuana south of the border), but additionally future potential legalization within the U.S.
For individuals who consider the hashish commerce will ultimately be opened up within the U.S. market, Curaleaf stays my high concept as a method to play this future explosion of curiosity on this sector. Because the saying goes, it’s greatest to purchase shares after they’re low-cost and promote them after they’re costly. Curaleaf appears to be like filth low-cost to me proper now.
Cover Development
A high Canadian producer of hashish in a variety of types, Cover Development (TSX:WEED) is one other high possibility for traders to think about.
This firm is one I’d classify as a extremely speculative wager, given the corporate’s weak stability sheet and years of sluggish progress. Together with various reverse splits (the rationale for such an unpleasant chart over the previous 5 years), most traders could discover no redeeming qualities on this identify.
That’s honest, and it is a firm I’ve been very crucial of previously. Nonetheless, as a speculative wager to play a resurgence of investor curiosity in Canadian hashish shares (and maybe home regulatory enhancements at house), I do suppose it is a firm that would see a surge in investor demand if situations enhance extra broadly.
Proper now, that’s a giant if. Nonetheless, for these trying to create a well-diversified slice of speculative bets inside their portfolio (and I’d argue a place in Cover needs to be fairly small to account for this threat), it’s a wager I believe could also be value taking in 2026.
AdvisorShares Pure US Hashish ETF
The final choose on this listing is maybe essentially the most evenly keeled method to play the hashish sector, for my part. AdvisorShares Pure US Hashish ETF (NYSEMKT: MSOS) is an trade traded fund monitoring the hashish sector, however primarily firms within the multi-state operator class.
In different phrases, traders who put capital to work in MSOS achieve publicity to Curaleaf and different firms with comparable working fashions within the U.S. Personally, I believe the U.S. market will find yourself being the important thing space of focus for traders through the subsequent upturn on this sector. For individuals who are pondering alongside the same vein, it is a well-diversified ETF I believe often is the one inventory to purchase and maintain for these with a long-term investing time horizon.