3 Cannabis Stocks With Strong Momentum
For investors focused on companies that either support or are engaged in the research, development, distribution and sale of medical and recreational marijuana, cannabis stocks Amyris AMRS -1.9%, GrowGeneration and Tilray may help grow your portfolio.
Momentum in the Legalized Marijuana Industry
The marijuana industry is composed of firms that either support or are involved in the legal research, development, cultivation, production, distribution, marketing and sale of medical and recreational marijuana. It’s a unique mix of different firms and business models focused on the marijuana industry such as suppliers, retailers, real estate and technology, as just a few examples. The legal sales of marijuana in 2020 hit a record of $17.5 billion, a 46% increase from 2019.
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