The 4 Best Marijuana Stocks in the First QuarterPosted by On


The first quarter has come to a close — and oh, what a quarter it was for cannabis.

After Joe Biden’s victory for the presidency in November, hopes were raised that cannabis reform might be on the docket in the United States. But it was the surprising victory for Democrats in early January — which allowed them to retake the U.S. Senate — that really got investors fired up about the prospect of reform. Even though we’ve yet to see anything change with regard to marijuana’s scheduling at the federal level, the prospects for legalization are better than they’ve ever been.

During the first quarter, the marijuana-focused ETFMG Alternative Harvest ETF rocketed higher by nearly 60%, with investors flocking to the cannabis stocks like it was 2018 all over again.

However, four marijuana stocks really stood out for their first-quarter gains. When the curtain closed, all four of these pot stocks ended the quarter higher by at least 139%.

An up-close view of a flowering cannabis bud.

Image source: Getty Images.

Sundial Growers: Up 139%

Despite being only the fourth-best performing marijuana stock in Q1, Canadian licensed producer Sundial Growers (NASDAQ:SNDL) has created more buzz than any other pot stock. In addition to the possibility of U.S. cannabis reform, Sundial had two primary catalysts pushing it higher through the first three months of the year.

To begin with, Sundial has become a core target of the Reddit frenzy. For much of the past three months, retail investors on…

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The first quarter has come to a close — and oh, what a quarter it was for cannabis.

After Joe Biden’s victory for the presidency in November, hopes were raised that cannabis reform might be on the docket in the United States. But it was the surprising victory for Democrats in early January — which allowed them to retake the U.S. Senate — that really got investors fired up about the prospect of reform. Even though we’ve yet to see anything change with regard to marijuana’s scheduling at the federal level, the prospects for legalization are better than they’ve ever been.

During the first quarter, the marijuana-focused ETFMG Alternative Harvest ETF rocketed higher by nearly 60%, with investors flocking to the cannabis stocks like it was 2018 all over again.

However, four marijuana stocks really stood out for their first-quarter gains. When the curtain closed, all four of these pot stocks ended the quarter higher by at least 139%.

An up-close view of a flowering cannabis bud.

Image source: Getty Images.

Sundial Growers: Up 139%

Despite being only the fourth-best performing marijuana stock in Q1, Canadian licensed producer Sundial Growers (NASDAQ:SNDL) has created more buzz than any other pot stock. In addition to the possibility of U.S. cannabis reform, Sundial had two primary catalysts pushing it higher through the first three months of the year.

To begin with, Sundial has become a core target of the Reddit frenzy. For much of the past three months, retail investors on…



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