The marijuana industry has been experiencing significant growth in recent years, with more states legalizing the use of cannabis for both medical and recreational purposes. As a result, investors have been flocking to the market in search of the best US marijuana stocks. This article aims to provide a comprehensive guide to the top marijuana stocks in the United States for 2019.
1. Canopy Growth Corporation (TSX:WEED, NYSE:CGC)
Canopy Growth Corporation is one of the largest and most well-known marijuana companies in the world. Based in Smiths Falls, Ontario, Canada, the company has a significant presence in the US market through its subsidiary, Canopy Growth Corporation USA. In 2019, Canopy Growth Corporation was one of the best-performing marijuana stocks, with its shares increasing by over 100%.
2. Tilray, Inc. (NASDAQ:TLRY)
Tilray, Inc. is another leading marijuana company that has made a significant impact in the US market. Based in Nanaimo, British Columbia, Canada, Tilray has gained recognition for its innovative products and strong distribution network. In 2019, Tilray's shares experienced a remarkable surge, making it one of the best-performing marijuana stocks of the year.
3. Cronos Group Inc. (NASDAQ:CRON, TSX:CRON)
Cronos Group Inc. is a Canadian-based marijuana company that has made significant strides in the US market. The company has a diverse portfolio of products and a strong focus on research and development. In 2019, Cronos Group Inc. was one of the top-performing marijuana stocks, with its shares increasing by over 50%.
4. Aurora Cannabis Inc. (TSX:ACB, NYSE:ACB)
Aurora Cannabis Inc. is a leading Canadian marijuana company with a significant presence in the US market. The company has a strong reputation for its high-quality products and innovative approaches to cannabis cultivation and processing. In 2019, Aurora Cannabis Inc. was one of the best-performing marijuana stocks, with its shares increasing by over 70%.
5. Curaleaf Holdings, Inc. (OTCQX:CURLF)
Curaleaf Holdings, Inc. is one of the largest cannabis companies in the United States, with a strong focus on the medical marijuana market. The company has a wide range of products and a robust distribution network. In 2019, Curaleaf Holdings, Inc. was one of the top-performing marijuana stocks, with its shares increasing by over 100%.
6. Green Thumb Industries, Inc. (NASDAQ:GTB)
Green Thumb Industries, Inc. is a leading cannabis company with a strong presence in the US market. The company has a diverse portfolio of products and a focus on sustainability and social responsibility. In 2019, Green Thumb Industries, Inc. was one of the best-performing marijuana stocks, with its shares increasing by over 50%.
7. HEXO Corp. (TSX:HEXO, NYSE:HEXO)
HEXO Corp. is a Canadian-based marijuana company with a significant presence in the US market. The company has a strong focus on innovation and a commitment to creating high-quality cannabis products. In 2019, HEXO Corp. was one of the top-performing marijuana stocks, with its shares increasing by over 80%.
Conclusion
The marijuana industry has been experiencing significant growth, and as a result, investors have been seeking out the best US marijuana stocks. The companies mentioned in this article were among the top-performing marijuana stocks in 2019, and they offer promising opportunities for investors looking to capitalize on the growing cannabis market. However, it is important to conduct thorough research and consider the risks associated with investing in the marijuana industry before making any investment decisions.
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