APHA - The 10 Largest Marijuana Stocks in 2020
Last year was supposed to be when marijuana stocks proved their worth to Wall Street by translating substantial sales growth into recurring profits. Unfortunately for these companies, and their investors, it didn't work out as planned. Supply issues throughout Canada and high tax rates in a number of legalized U.S. states dumped fuel on the fire that's allowed the black market to thrive. The end result was that pot stock investors were creamed.
At one point in 2019, more than $40 billion in market value had evaporated from the industry's highs. As we move headlong into 2020, the following marijuana stocks are what remain as the industry's largest.
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