Two of the hottest pot stocks to hold in 2020 were
Green Thumb Industries (OTC:GTBIF) and
Curaleaf (OTC:CURLF). They soared 159% and 93%, respectively, while the
S&P 500 was up just 15%. Both of these stocks could be headed for even more gains this year as they continue growing. After five more states passed marijuana reform in November, new markets are set to open in the near future.
But there isn t a whole lot separating these two companies right now, making it difficult to determine which one is the better investment. To help investors pick just one, I ll look at their recent results, their strategies, and their respective valuations.
Author Bio
Sushree is a new member of the Fool family, keen on writing about the cannabis and healthcare sector and also has five years of experience writing on real estate, consumer sector, and macroeconomic topics. She holds a bachelor’s degree in business management, specializing in finance, and also a CFA Level 2 candidate. Being a fitness enthusiast and a creative person, when she isn t writing, she is either kick-boxing or painting.
While many Canadian pot stocks have struggled in 2020, a few U.S. cannabis stocks had a marvelous year among them,
Curaleaf Holdings (OTC:CURLF). While the benchmark
Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
It s been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks.
Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we re beginning to see the first signs of industry maturation. In October 2018, Canada became the first industrialized country in the world to roll out the green carpet for recreational marijuana sales.