165.10k followers • 19 symbols Watchlist by Yahoo Finance
Follow this list to discover and track the stock of publicly traded companies with exposure to cannabis
Curated by Yahoo Finance
Global spending on legal cannabis worldwide will hit over £43 billion in a decade, according to Arcview Market Research and BDS Analytics. Driven by the legalisation of recreational and medical cannabis and the increasing demand for both, legal cannabis revenue in the US is projected to hit £17.8 billion by 2022. Yahoo Finance is now tracking the major players in the cannabis industry.
How do we pick these stocks?This is a curated list, powered by Yahoo Finance’s algorithm and intelligence from our millions of users as well as the Yahoo Finance editorial team. The list covers companies in horticulture, pharmaceutical research and ancillary businesses. We will continue to add names as corporations invest and pivot into the space.
How are these weighted?The stocks on this watchlist are weighted equally at the time they were added.
To learn what every company on this list is doing that involves cannabis, read this story.
Watchlist | Change today | 1-month return | 1-year return | Total return |
---|---|---|---|---|
Cannabis stocks | +1.23% | +58.10% | -9.72% | +327.19% |
^GSPC | -0.88% | -5.23% | +20.17% | +5241.11% |
Symbol | Company name | Last price | Change | % change | Market time | Volume | Avg vol (3-month) | Market cap |
---|---|---|---|---|---|---|---|---|
ABBV | AbbVie Inc. | 166.41 | +1.75 | +1.06% | 4:00 pm GMT-4 | 5.53M | 5.64M | 294.65B |
BUD | Anheuser-Busch InBev SA/NV | 58.74 | +0.83 | +1.43% | 4:00 pm GMT-4 | 1.43M | 2.21M | 115.78B |
MO | Altria Group, Inc. | 42.09 | +0.79 | +1.91% | 4:01 pm GMT-4 | 9.84M | 12.51M | 72.30B |
TAP | Molson Coors Beverage Company | 64.23 | +0.35 | +0.55% | 4:00 pm GMT-4 | 1.35M | 1.73M | 13.64B |
SMG | The Scotts Miracle-Gro Company | 66.74 | -1.22 | -1.80% | 4:00 pm GMT-4 | 524.81k | 783.81k | 3.78B |
TLRY | Tilray Brands, Inc. | 1.73 | +0.01 | +0.58% | 4:00 pm GMT-4 | 20.53M | 29.16M | 1.34B |
WEED.TO | Canopy Growth Corporation | 10.91 | +0.12 | +1.11% | 4:00 pm GMT-4 | 2.93M | 2.90M | 994.06M |
CRON | Cronos Group Inc. | 2.37 | -0.04 | -1.66% | 4:00 pm GMT-4 | 3.87M | 2.97M | 903.68M |
CGC | Canopy Growth Corporation | 7.93 | +0.10 | +1.28% | 4:00 pm GMT-4 | 12.49M | 11.27M | 722.54M |
CRBP | Corbus Pharmaceuticals Holdings, Inc. | 39.24 | +2.71 | +7.42% | 4:00 pm GMT-4 | 283.54k | 969.02k | 412.30M |
ACB | Aurora Cannabis Inc. | 6.46 | -0.07 | -1.15% | 4:00 pm GMT-4 | 6.16M | 5.60M | 352.32M |
CANN | Trees Corporation | 0.0889 | +0.01 | +10.99% | 3:27 pm GMT-4 | 31.57k | 80.33k | 9.67M |
GWPH | - | - | - | - | - | - | - | - |
MJ | Amplify Alternative Harvest ETF | 3.73 | -0.07 | -1.84% | 4:00 pm GMT-4 | 1.46M | 3.17M | - |
NBEV | - | 0.0935 | -0.03 | -25.20% | 4:00 pm GMT-4 | 46.01M | - | - |
TGOD.TO | - | - | - | - | - | - | - | - |
TRST.TO | - | - | - | - | - | - | - | - |
Cannabis legalization has been an issue on many ballots in the past decade, with several states opening up to recreational use legalization. US Vice President Kamala Harris called on the federal government to move "as quickly as possible" in terms of reclassifying cannabis from its current Schedule I classification. If any efforts are successful in doing so, what would the cannabis market look like and who would stand to benefit the most? Poseidon Co-Founder & Managing Partner Emily Paxhia joins Market Domination to give insight into potential new legislation around cannabis and what investors and consumers alike can expect moving forward. Paxhia outlines the current efforts to change cannabis legislation in the US: "Importantly with cannabis legalization, we have several efforts running down the field. There is the rescheduling efforts, and we are hoping to see something come out of that soon. There's also the continued and loud discussions around banking reform in the legislative branch but we've also introduced a path through the judicial branch working with Boies Schiller Flexner [LLP] to challenge the 2004-2005 case on Raich Vs Gonzales which about the Commerce Clause."She continues by affirming: "Interestingly things that are catalytic that change the volume of capital flowing into the industry are very top down. We hear from investors that are paying attention to these federal reform signals, but what we are also really interested in is the state-to-state catalysts that really actually open up the markets and improve the business fundamentals." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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