Our last review of the Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) – which can be read here – spoke to the firm’s price outlook turning bearish.

Back then, the firm had reported missed earnings and this had been assessed to have been a catalyst to the price turn.

This trend has, however, changed since January.

The marijuana industry is blossoming before our eyes. After spending many decades as a taboo and illicit substance, cannabis is now perfectly legal for adult consumption in Canada (as of October 17, 2018). Though supply shortages and regulatory red tape have slowed weed's launch out of the gate, estimates suggest that Canadian cannabis could net close to $6 billion in annual revenue by 2022.

According to a new report, Marijuana Drying and Curing Equipment Market (By Marijuana Type: Medical Marijuana, Recreational Marijuana; By Product Type: Buds, Oil, Tinctures; By Application: Chronic Pain, Mental Disorders, Cancer, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 – 2026 published by Acumen Research and Consulting, Marijuana Drying and Curing Equipment Market Surpass $146.0 Billion By 2026 | CAGR 10.3%. The Marijuana Drying and Curing Equipment Market Industry Report 2018 is an in depth study analyzing the current state of the Marijuana Drying and Curing Equipment Market.

Fior Markets has added a new market study on Global Cannabis Market Growth 2018-2023, offering an extensive and precise estimates and forecasts study of market size, industry status and forecast, competition landscape and growth opportunity. The report covering details from 2013 to 2018 and forecast to 2023 portrays definition, an investigation of significant improvements in the market, as well as budgetary examination and profound aggressive investigation. In short, this report will help you in setting up new business trends in the market. The Cannabis market is expected to exceed more than US$ xxx million by 2023 at a CAGR of xx% in the given forecast period.

What's the best marijuana stock on the market right now? My pick would be Constellation Brands (NYSE: STZ). I think Constellation is the best marijuana stock. because of its great growth prospects and relatively lower risk compared to most marijuana stocks.

But Constellation Brands isn't a pure-play marijuana stock. Buying Constellation involves an investment in the company's alcoholic-beverage business even more than in the cannabis industry.

Once a popular trade among investors wanting to turn a quick buck, last year, with Canada's legalization of recreational marijuana in October, pot stocks gained legitimacy. So much so that it might be time to take these stocks more seriously and consider a few for a long-term, buy-and-hold portfolio.

However, the cannabis sector is still in its infancy, so tread carefully before making any selections. Nevertheless, there are a handful of companies, and their stocks, that look like clear winners in this early stage of the game. Recently released earnings reports provide some insight into which players are on the right track to profitability. Below, our two favorite picks:

Issues Central, Inc.today announced a web seminar for Thursday, February 21, 2019 for the Cannabis Sector entitled “Can Your Company Withstand a Challenge to Its Disclosures and Certifications?” These seminars are targeted at Directors, CEOs, CFOs and Senior Officers of Cannabis-related entities that are listed, or are planning to go public, on Canadian and U.S. stock exchanges.

The marijuana industry, and once again marijuana stocks, are blazing hot. Following the end to nine decades of recreational marijuana prohibition in Canada this past October, the red carpet has been rolled out for what's now a legitimate business model. Sales in Canada could easily top $5 billion annually by the early part of the next decade, with global sales expected to more than double from $12.8 billion in 2018 to $31.3 billion by 2022, according to a report from Arcview Market Research and BDS Analytics.

For only a year or so now, we have seen the entrance of large U.S. stock exchanges into the marijuana industry. This has been one of the largest updates to the market in recent times as it has allowed for a large amount of capital infusion into the market. In addition to this, it has also helped to bring a lot of much-needed attention to the industry as it is still very much in its infant stages.

Marijuana-based stocks are all the rage in the market now. They have even managed to hog the limelight from heavyweight gaming stocks fresh out of the holiday season.

But with so many new ones cropping up, what would you pick to invest smartly? The choice is up to you, but we hope this helps you make an informed choice.

Tilray (TLRY)

When we say pot stocks, Canadian cannabis giant Tilray (TLRY) comes to mind first. With it scheduled to post fourth-quarter earnings within the next week, the Street expects it to report a $0.17 loss per share on revenue of $17.32 million. Everyone will be looking at robust growth in the top-line for the quarter. In the previously reporter Q3, revenue has soared 86% year-over-year.