2 Cannabis Stocks That Could Double Your Money Next Year
When investors talk about cannabis stocks, Canadian players Aurora Cannabis (NYSE: ACB) and Canopy Growth (NASDAQ: CGC) come to mind. But in 2020, U.S. cannabis companies not only proved their potential, but outperformed their Canadian counterparts. Two such companies are Illinois-based Green Thumb Industries (OTC: GTBIF) and Florida-based Trulieve Cannabis (OTC: TCNNF).
Both these companies have seen triple-digit revenue growth this year and are dominating their state markets. Green Thumb is already profitable, and Trulieve is not far away.
It's no wonder their stocks have been sky high in 2020. With the year coming to an end, shares of Trulieve have soared 173% so far, while Green Thumb's stock has gained 146%. Meanwhile, the benchmark index, Horizons Marijuana Life Sciences ETF, sunk 9% over the same period. Let's dig deeper and look at the outstanding progress these two pot companies made this year and what opportunities lie ahead for 2021.
Source Fool.com
