Marijuana stocks have surged this year as investors anticipate wider acceptance of legal distribution of recreational products in the U.S.
For broad coverage of the rapidly expanding marijuana industry, see Cannabis Watch. Recent coverage includes efforts by Senate Majority Leader Chuck Schumer to introduce legislation for the federal legalization of marijuana and New York Gov. Andrew Cuomo’s drive toward legalization in his state. For an example of the heated action, shares of Canopy Growth Corp. CGC, -0.84% WEED, -0.95% were up as much as 12% in morning trading on Feb. 9, after the company announced higher-than-expected sales for the quarter ended Dec. 31.
Analysts favorite marijuana stocks The six ETFs listed above hold 85 stocks or total return swaps tied to the stocks. A few of these companies are “double counted,” with one or more ETFs holding shares traded in Canada and one or more holding the shares traded on U.S. exchanges. In the table below, the tickers without an exchange code before them, are U.S. tickers.
$ERBB American__Green 🪴AmericanGreen
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