Best Marijuana Stocks 2019 in the US

The marijuana industry has been one of the fastest-growing sectors in the United States, with the market expanding rapidly across the country. As a result, investors have been looking for the best marijuana stocks to invest in. In 2019, several companies emerged as leaders in the industry, offering significant growth potential. This article will highlight some of the top-performing marijuana stocks in the US for 2019.

Canopy Growth Corporation (TSX:WEED, NYSE:CGC)

Canopy Growth was one of the most prominent marijuana stocks in 2019. The company, based in Smiths Falls, Ontario, is known for its vast product portfolio and strong presence in the global cannabis market. With a market capitalization of over $7 billion, Canopy Growth was one of the largest players in the industry.

Canopy Growth’s strong performance in 2019 can be attributed to its strategic partnerships and expansions. The company acquired several key assets, including a majority stake in Tilray (NASDAQ:TLRY), which helped it gain a strong position in the U.S. market. Canopy Growth also expanded its operations in Canada, Mexico, and other international markets.

Aurora Cannabis Inc. (TSX:ACB, NYSE:ACB)

Aurora Cannabis is another major player in the marijuana industry, known for its extensive research and development efforts. The company, based in Edmonton, Alberta, has a strong focus on producing high-quality cannabis products and distributing them globally.

In 2019, Aurora Cannabis experienced significant growth, with its revenue increasing by 60% year-over-year. The company’s expansion into new markets, including the U.S. and Europe, played a crucial role in its success. Additionally, Aurora Cannabis acquired MedReleaf, one of Canada’s largest cannabis companies, further strengthening its position in the industry.

Cronos Group Inc. (TSX:CRON, NASDAQ:CRON)

Cronos Group is a cannabis company known for its innovative approach to the industry. The company, based in Toronto, Ontario, focuses on creating high-quality cannabis products and utilizing technology to enhance the consumer experience.

In 2019, Cronos Group made headlines with its partnership with Philip Morris International (NYSE:PMI), which aimed to develop smoke-free cannabis products. This strategic partnership provided Cronos Group with significant financial backing and access to the global tobacco market.

Curaleaf Holdings Inc. (OTCMKTS:CURLF)

Curaleaf is one of the largest multi-state operators (MSOs) in the U.S. cannabis industry. The company, based in Boston, Massachusetts, offers a wide range of cannabis products and operates in 23 states.

In 2019, Curaleaf experienced substantial growth, with its revenue increasing by 100% year-over-year. The company’s focus on expanding its retail footprint and enhancing its product offerings contributed to its strong performance. Curaleaf also made strategic acquisitions, including the purchase of Leafy Greens and MedMen, further solidifying its position in the industry.

Innovative Industrial Properties Inc. (NASDAQ:IIPR)

Innovative Industrial Properties is a real estate investment trust (REIT) focused on acquiring, financing, and managing cannabis properties across the U.S. The company, based in Scottsdale, Arizona, provides lease agreements to cannabis companies.

In 2019, Innovative Industrial Properties continued to grow its portfolio, acquiring more than 20 new properties. The company’s focus on securing long-term leases with stable rent streams made it an attractive investment for investors looking to benefit from the growing cannabis industry.

These are just a few of the best marijuana stocks that performed well in 2019. As the industry continues to evolve, it’s important for investors to conduct thorough research and stay informed about the latest market trends. With the potential for significant growth, investing in marijuana stocks can be an exciting opportunity for those willing to take the risk.

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