The Top 8 Marijuana Stocks in 2020Posted by On


Despite an exceptionally challenging year in 2020, one industry that found itself ablaze was cannabis. With the industry maturing and offering sustainable double-digit sales growth, investors’ appetites for fast-growing marijuana stocks returned in a big way.

After perusing the field of publicly traded pot stocks with at least a $200 million market cap, I’ve identified eight marijuana stocks that shared one common theme: they all ended the year higher by a triple-digit percentage. Ladies and gentlemen, I give you the top eight marijuana stocks in 2020.

A handful of cannabis buds lying atop a messy pile of cash.

Image source: Getty Images.

1. GrowGeneration: Up 881%

Hydroponic and organic gardening store-chain GrowGeneration (NASDAQ:GRWG) wasn’t just the best-performing pot stock in 2020. Its 881% gain was one of the highest returns throughout the entire universe of publicly traded companies on the major U.S. exchanges.

GrowGeneration has been kicking bud and taking names, with high double-digit organic growth and acquisitions powering sales higher. Each of the past seven quarters has featured year-over-year revenue growth ranging between 123% on the low end to as much as 199%. The company currently has 36 open locations in 11 states but has plans to push its operating store count to 50 in 15 states by the end of this year.

2. TerrAscend: Up 359%

Up-and-coming multistate operator (MSO) TerrAscend (OTC:TRSSF) more than…

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Despite an exceptionally challenging year in 2020, one industry that found itself ablaze was cannabis. With the industry maturing and offering sustainable double-digit sales growth, investors’ appetites for fast-growing marijuana stocks returned in a big way.

After perusing the field of publicly traded pot stocks with at least a $200 million market cap, I’ve identified eight marijuana stocks that shared one common theme: they all ended the year higher by a triple-digit percentage. Ladies and gentlemen, I give you the top eight marijuana stocks in 2020.

A handful of cannabis buds lying atop a messy pile of cash.

Image source: Getty Images.

1. GrowGeneration: Up 881%

Hydroponic and organic gardening store-chain GrowGeneration (NASDAQ:GRWG) wasn’t just the best-performing pot stock in 2020. Its 881% gain was one of the highest returns throughout the entire universe of publicly traded companies on the major U.S. exchanges.

GrowGeneration has been kicking bud and taking names, with high double-digit organic growth and acquisitions powering sales higher. Each of the past seven quarters has featured year-over-year revenue growth ranging between 123% on the low end to as much as 199%. The company currently has 36 open locations in 11 states but has plans to push its operating store count to 50 in 15 states by the end of this year.

2. TerrAscend: Up 359%

Up-and-coming multistate operator (MSO) TerrAscend (OTC:TRSSF) more than…



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