Marijuana stocks have been on a wild ride lately. For a while, the sector had been in freefall. The initial optimism from Canada’s legalization turned into a brutal bear market as that country’s retail sales market underwhelmed.
Now though, pot stocks are back on the upswing. They took part in the big short squeeze trend back in January. And, aside from that, the rapid legalization of marijuana in individual U.S. states is adding far more momentum to the trade as well.
That said, not all marijuana stocks are created equal. And, with the huge short squeezes, companies’ valuations changed dramatically in the span of a few weeks. As such, it’s worth sorting through seven of the leading marijuana companies. Here’s where they stack up starting with the best and moving on to the much less impressive:
- Trulieve (OTCMKTS:TCNNF)
- Green Thumb Industries (OTCMKTS:GTBIF)
- Clever Leaves (NASDAQ:CLVR)
- Canopy Growth (NASDAQ:CGC)
- Innovative Industrial Properties (NYSE:IIPR)
- Tilray (NASDAQ:TLRY)
- Sundial Growers (NASDAQ:SNDL)
Trulieve (TCNNF)
Source: Yarygin / Shutterstock.com
If you primarily deal in Canadian marijuana companies, you might think of the industry as being loss-making and having poor financial results. And that’d be true, as far as most of the Canadian pot plays go.
However, don’t miss out. In the United States, you already have a bunch of marijuana companies that are making money and have good balance sheets. That’s right; the industry has…
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Marijuana stocks have been on a wild ride lately. For a while, the sector had been in freefall. The initial optimism from Canada’s legalization turned into a brutal bear market as that country’s retail sales market underwhelmed.
Now though, pot stocks are back on the upswing. They took part in the big short squeeze trend back in January. And, aside from that, the rapid legalization of marijuana in individual U.S. states is adding far more momentum to the trade as well.
That said, not all marijuana stocks are created equal. And, with the huge short squeezes, companies’ valuations changed dramatically in the span of a few weeks. As such, it’s worth sorting through seven of the leading marijuana companies. Here’s where they stack up starting with the best and moving on to the much less impressive:
- Trulieve (OTCMKTS:TCNNF)
- Green Thumb Industries (OTCMKTS:GTBIF)
- Clever Leaves (NASDAQ:CLVR)
- Canopy Growth (NASDAQ:CGC)
- Innovative Industrial Properties (NYSE:IIPR)
- Tilray (NASDAQ:TLRY)
- Sundial Growers (NASDAQ:SNDL)
Trulieve (TCNNF)
Source: Yarygin / Shutterstock.com
If you primarily deal in Canadian marijuana companies, you might think of the industry as being loss-making and having poor financial results. And that’d be true, as far as most of the Canadian pot plays go.
However, don’t miss out. In the United States, you already have a bunch of marijuana companies that are making money and have good balance sheets. That’s right; the industry has…
