The marijuana industry has experienced a significant surge in popularity over the past few years, with investors eagerly seeking out the best US marijuana stocks to add to their portfolios. As we look back at 2018, it's essential to identify the top-performing marijuana stocks that not only offered substantial returns but also demonstrated strong potential for future growth. In this article, we will explore the best US marijuana stocks of 2018, highlighting their performance and potential for continued success.
1. Canopy Growth Corporation (TSX:WEED) (NYSE:CGC)
Canopy Growth Corporation, often referred to as "Canopy," was one of the most prominent marijuana stocks in 2018. The company, based in Smiths Falls, Ontario, Canada, has become a global leader in the cannabis industry, offering a wide range of cannabis products. Canopy Growth's stock experienced significant growth in 2018, reaching a high of $70.00 per share in September.
2. Tilray, Inc. (NASDAQ:TLRY)
Tilray, Inc., founded in 2013, is another top-performing marijuana stock in 2018. Based in Nanaimo, British Columbia, Canada, Tilray is known for its high-quality cannabis products and innovative cultivation techniques. The company's stock soared in 2018, reaching a peak of $300.00 per share in January.
3. Cronos Group Inc. (TSX:CRON) (NASDAQ:CRON)
Cronos Group Inc. is a Canadian cannabis company that has gained significant attention in the industry. The company, based in Edmonton, Alberta, focuses on producing high-quality cannabis products and has partnerships with several global brands. Cronos Group's stock saw substantial growth in 2018, reaching a high of $100.00 per share in April.
4. Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB)
Aurora Cannabis Inc. is a leading cannabis producer based in Edmonton, Alberta, Canada. The company has a strong presence in the Canadian market and has expanded its operations to other countries, including Germany and Australia. Aurora Cannabis's stock experienced significant growth in 2018, reaching a high of $20.00 per share in February.
5. MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFF)
MedMen Enterprises Inc. is a California-based cannabis company that focuses on retail and distribution. The company has a strong presence in the US market and has expanded its operations to other states. MedMen's stock saw substantial growth in 2018, reaching a high of $7.00 per share in July.
Conclusion
The marijuana industry has experienced significant growth over the past few years, and investors have been keen to identify the best US marijuana stocks. In 2018, several companies emerged as top performers, offering substantial returns and potential for future growth. As the industry continues to evolve, it's essential for investors to stay informed and research the best marijuana stocks to add to their portfolios.