In 2018, the marijuana industry experienced a significant boom, with investors eagerly seeking out the best stocks to capitalize on this burgeoning market. As the United States continues to relax its stance on marijuana, the industry has seen a surge in growth, making it a hot topic for investors. This article delves into the top US marijuana stocks that investors should consider adding to their portfolios in 2018.
1. Canopy Growth Corporation (TSX: WEED) (NYSE: CGC)
Canopy Growth is one of the largest and most recognized cannabis companies in the world. The company operates in both Canada and the United States, with a strong presence in the recreational and medical marijuana markets. Its impressive product line and strategic partnerships have helped it become a market leader. In 2018, Canopy Growth saw significant growth, with its stock price skyrocketing by over 200%.
2. Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB)
Aurora Cannabis is another top marijuana stock that investors should consider. The company has a robust pipeline of products and a strong focus on innovation. Aurora's expansion into the United States has been well-received, and the company has formed several strategic partnerships to strengthen its market position. In 2018, Aurora Cannabis' stock price surged by over 100%, making it a compelling investment opportunity.
3. Tilray Inc. (NASDAQ: TLRY)
Tilray is a Canadian cannabis company that has gained significant attention in the industry. The company's products are sold in various markets around the world, and it has a strong focus on research and development. In 2018, Tilray became the first cannabis company to go public on a major U.S. stock exchange, making it an attractive investment for investors looking to gain exposure to the industry.
4. Cronos Group Inc. (NASDAQ: CRON)
Cronos Group is a Canadian cannabis company that has made a name for itself through its partnerships and innovative products. The company has formed several strategic partnerships, including one with tobacco giant Altria Group Inc. (NYSE: MO), which has helped it expand its market reach. In 2018, Cronos Group's stock price experienced significant growth, making it a top marijuana stock to watch.
5. HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO)
HEXO Corp. is a Canadian cannabis company that has made a strong impression in the industry. The company has a diverse product line and a focus on market expansion. In 2018, HEXO Corp. entered the United States market, which helped drive its stock price higher. As the company continues to expand its presence in the U.S., it remains a compelling investment opportunity.
These top marijuana stocks in 2018 offer investors a chance to capitalize on the growing cannabis industry. However, it's important to conduct thorough research and consider the risks associated with investing in this highly speculative sector. With the industry's potential for continued growth, these companies could be valuable additions to any investor's portfolio.
Title: Understanding the PE Ratio: A Key In? us stock market today
