My Favorite Marijuana Stocks for 2021
While most sectors struggled amid the pandemic, the cannabis sector sparkled. While the crisis forced many people to stay at home, it also heightened anxieties -- which cannabis products have been shown to help treat. The U.S. cannabis industry, in particular, outshone its Canadian counterparts in terms of revenue growth during the year.
Illinois-based Green Thumb Industries' (OTC: GTBIF) and Massachusetts-based Curaleaf Holdings' (OTC: CURLF) stock prices soared 151% and 90% in 2020. And I am not surprised at those dramatic movements in the slightest. Both companies saw revenue triple last year and achieved consistent positive earnings before income, taxes, depreciation, and amortization (EBITDA). What's more noticeable is the rate at which both of them expanded amid a global pandemic. Let's explore in detail why these are my two favorite marijuana stocks for 2021.
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Source Fool.com
