Marijuana scored huge victories in eight out of nine states on Election Day. California, Nevada, Massachusetts, Maine, Florida, North Dakota, Arkansas and Montana all legalized medial and/or recreational marijuana use.
Although marijuana remains illegal in the United States on a federal level, the marijuana legalization movement is clearly gaining momentum. Unfortunately, the federal ban makes marijuana investing risky and treacherous business for U.S. investors.
The Top 5
This year, however, marijuana stocks have been on fire. Of all the stocks in the The Marijuana Index’s comprehensive list of North American marijuana-related stocks, these five names have been the best performers of the year:
1. APHIRA INC NPV APHQF 0.53% +460.3 percent.
- Aphira is a Canadian company that produces and sells medical marijuana.
2. AURORA CANNABIS IN COM NPV ACBFF 0.94% +518.0 percent.
- Aurora is another leading Canadian medical marijuana producer and distributor.
3. General Cannabis Corp CANN 5.61% +669.1 percent.
- General Cannabis company is an American company headquartered in Colorado that acquires and leases cultivation space and other facilities to licensed marijuana growers.
4. Cannabis Sativa Inc CBDS 1.69% +762.9 percent.
- Cannabis Sativa is a U.S. company dedicated to developing natural cannabis products such as formulas, edibles, topical, strains, recipes and delivery systems.
5. THC BIOMED INTL LT COM NPV THCBF 4.87% +1,370 percent.
THC Biomed is the only 2016 10-bagger in the marijuana space. The Canadian company is a licensed marijuana producer and also performs marijuana-related research and development.
Stay up-to-date on the latest in marijuana stocks with the 420 Investor.
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