LHSIF - The 5 Best Marijuana Stocks in January
Finally, after a precipitous nine-month downtrend, cannabis stock investors can breathe a sigh of relief. The Horizons Marijuana Life Sciences ETF, which holds close to four dozen marijuana stocks of varied weightings, ended January virtually flat -- and a flat month is practically a victory of late in the marijuana space.
Yet, in spite of ongoing supply problems in Canada and high tax rates in recreationally legal U.S. states, a handful of marijuana stocks managed to do a lot more than simply tread water in January. The following five cannabis stocks all gained at least 15% to open the new year. Note, I've excluded some top performers in January that would otherwise have made this list, such as Shopify and Scotts Miracle-Gro, because they derive only a small percentage of their sales from cannabis or cannabis-related activities.
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