Investing in 5 Biggest Cannabis Companies Could Earn You 231% Average ROI in Months

Data gathered by indicates that investing in the five biggest cannabis companies by market capitalization could have earned investors 231.10% in cumulative return of investment (ROI). The returns are between March and November 15th, 2020.

Pandemic boosts cannabis stocks

America’s Green Thumb Industries (CNX: GTII) has the highest ROI at 373.09 % among the sampled companies. Trulieve Cannabis (CNX: TRUL) also from the US could earn you the second-highest returns at 327.29%.

Elsewhere, Curaleaf Holdings (OTCMKTS: CURLF) from the US has an ROI of 309.84% making it the third-highest. British based GW Pharmaceuticals (NASDAQ: GWPH) has a return of 63.90%, making it the fourth-highest among the sampled companies.

Canada’s Cronos Group (TSX: CRON) has the least ROI in the fifth spot at 52.01%. The research attributed the high ROI to various factors. According to the research report:

"The pandemic resulted in the rise of cannabis sales, helping some struggling hemp companies make slight recoveries. Customers stocked up their cannabis supply, with many stores shifting to delivery. As the demand flourishes, traded cannabis companies began witnessing a surge in their stock prices."

The ROI is impressive considering most cannabis companies were facing hard times before the pandemic.

The full story with statistics can be found here:

17 November 2020 23:20