VGWCF - The 6 Best Marijuana Stocks in November
When the year began, it appeared as if cannabis stocks could do no wrong. The first quarter featured over a dozen pot stocks that gained at least 70%, with the Horizons Marijuana Life Sciences ETF, the very first cannabis-focused exchange-traded fund, chugging higher by 50%. But ever since the first quarter ended, it's been a nightmare for pot stock investors.
During November, the Horizons Marijuana Life Sciences ETF shed another 12% of its value, and has lost 56%, including dividends paid, since the end of March. In total, just 13 of the 57 marijuana stocks I track finished November higher, with well over half (33) ending the month lower by a double-digit percentage.
Thankfully, there were a few standouts among pure-play pot stocks. The following six marijuana stocks ended November higher by at least 10% and offer hope in what's currently a very challenging industry to invest in.