Though 2018 is not quite to the halfway point yet, it is worth examining some of the better marijuana stocks from the first part of the year. While pot stocks have seen some volatility throughout the early part of 2018, these top picks have all managed to continue to strengthen their brand and their standing in the industry. And while cannabis stocks may be overvalued right now, intertest is still how in this growing sector.
Here are the top five marijuana stocks of 2018, so far:
Cronos Group Inc.
Cronos Group Inc. (NASDAQ:CRON) (TSX-V:CRON) made news this year when they became the first Canadian weed stock to list on the Nasdaq exchange. They are a diversified company with global holdings, operating two wholly-owned Canadian Licensed Producers regulated under Health Canada’s Access to Cannabis for Medical Purposes Regulations, Peace Naturals Project Inc., and Original BC Ltd.
What really put them over the top this year was when they recently announced a deal with Los Angeles based MedMen, one of the largest retailers of legal cannabis in the U.S. Together they created MedMen Canada Inc., a joint partnership split evenly down the middle that will bring the MedMen brand into Canada via new products and retail stores.
At first glance, this struggling company does not seem like a top pick, after all, Aphria Inc. (TSX:APH) (USOTC:APHQF) is a company that just cannot seem to catch a break. However, when they announced this year that the recently acquired Nuuvera Inc. would be renamed Aphria International Inc. and remain a wholly-owned subsidiary of the company, it piqued the interest of many investors. This new entity will focus on the international market, looking at legalized cannabis