In a Decade Filled With Plenty of Big Winners, These Pot Stocks Outperformed Them All
Here Are the Top Cannabis Stocks of the Decade
As we prepare to close the book on 2019 and embark on a new decade, let’s take a moment to look back and reflect. Although the cannabis sector experienced its fair share of ups and downs, many cannabis stocks presented early investors with a plethora of opportunities to secure life-changing profits. Those that were bold enough to take a chance on a new and burgeoning industry, earned substantial returns on their investments.
In the early days of cannabis investing, multi-bagger returns were plentiful as almost every pot stock ran alongside the sector. It felt as if one could blindly pick stocks out of a hat and earn large returns. Even though the days of easy money are over, we are still very early on in the life of the cannabis industry. The quote “We’re an inch into a marathon” holds true today as there are still vast untapped markets that are in their infancy.
With the Canadian cannabis boom now behind us, investors can take the lessons learned from it and position themselves in new markets such as the USA that have yet to fully legalize and open up. When all is said and done, the lead up to federal legalization in the United States will likely go down in history as the largest wealth creation opportunity of our lifetimes. The U.S. market is over 10x as large as it’s neighbour to the North with the state of California alone having more residents than all of Canada combined. The United States will also have the benefit of learning from Canada’s many mistakes.
This year was a tough year for cannabis stocks but it seems like the worst is over and today’s major sector-wide rally is a great indication of how 2020 could play out. As we prepare to turn the page on 2019 and enter a new decade, let’s take a walk down memory lane and review the top 5 cannabis stock gainers of the past 10 years.
- Began Trading: $23.05 | July 16, 2018
- Today’s Close: $17.13 | +8.97% Today
- Current ROI: -25.68%
- All-Time High: $300 | Sept 17, 2018
- Max ROI: +1,201.52
Learn more about Tilray: Website | IR Website | Investor Deck | TLRY Chart
4. Aphria (TSX: APHA) (NYSE: APHA)
- Began Trading: $1.20 | Dec 8, 2014
- Today’s Close: $6.78 | +10.06% Today
- Current ROI: +465%
- All-Time High: $24.75 | Jan 8, 2018
- Max ROI: +1,962.5%
Learn more about Aphria: Website | IR Website | Investor Deck | APHA Chart
3. Canopy Growth (TSX: WEED) (NYSE: CGC)
- Began Trading: $2.75 | Apr 7, 2014
- Today’s Close: $27.31 | +11.42% Today
- Current ROI: +893.09%
- All-Time High: $76.68 | Oct 15, 2018
- Max ROI: +2,688.36%
Learn more about Canopy Growth: Website | IR Website | Investor Deck | WEED Chart
2. Cronos Group (TSX: CRON) (NASDAQ: CRON)
- Began Trading: $1.00 | Dec 15, 2014
- Today’s Close: $9.97 | +15.53% Today
- Current ROI: +897%
- All-Time High: $32.95 | Feb 4, 2019
- Max ROI: +3,195%
Learn more about Cronos Group: Website | IR Website | Investor Deck | CRON Chart
- Began Trading: $0.12 | Apr 14, 2014
- Today’s Close: $0.62 | +43.67% Today
- Current ROI: +416.67%
- All-Time High: $5.80 | Oct 8, 2018
- Max ROI: +4,733.33%
Learn more about MariMed: Website | IR Website | Investor Deck | MRMD Chart
Also Read: Multi-Billion Dollar California Cannabis Market is Up For Grabs
With No Clear Leader in the World’s Largest Cannabis Market, These 4 California Pot Stocks Look to Fill the Void
Charts source: Barchart.com
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Disclosure: The Cannabis Investor does not hold a position in any of the stocks mentioned in this article. MariMed was previously a client of The Cannabis Investor.
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