Better Marijuana Stock to Buy: Cronos or Canopy Growth?Posted by On

For a long time, Cronos Group (NASDAQ:CRON) was unable to climb higher than third place among Canadian cannabis producers based on market cap. That changed this year, though, with Cronos rising to second-place position thanks to the rapidly deteriorating share price of Aurora Cannabis. Meanwhile, Canopy Growth (NYSE:CGC) has fairly consistently held onto the top spot except for brief periods.

Neither Cronos nor Canopy has made investors happy so far in 2020, however. Both companies’ shares are down more than 30% year to date. But investors need to look ahead, not backward, so the question is, which of those leading Canadian marijuana stocks is the better pick to buy now?

Shadow of a Canadian maple leaf on top of a pile of cannabis leaves

Image source: Getty Images.

The case for Cronos Group

One reason to favor Cronos Group right now is its Lord Jones business….

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