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cannabis growing companies

Marijuana stocks, as represented by the ETFMG Alternative Harvest ETF (MJ), an exchange-traded fund, have significantly underperformed the broader market. MJ has provided a total return of -21.7% over the past 12 months, well below the benchmark Russell 1000 Index’s total return of 26.5%. These performance figures and all statistics in the tables below are as of Dec. 31, 2021.

The marijuana industry consists of companies directly related to the research, development, and distribution of cannabis products, as well as companies that indirectly support these operations. Traditional stock market indices such as the Nasdaq continue to include more companies from the marijuana industry, as a growing number of regions around the world legalize marijuana. The number of U.S. states that permit marijuana use in some form increased to 36 after voters in several states approved marijuana legalization initiatives on their ballots in the 2020 U.S. presidential election.

Best Value Marijuana Stocks on the Nasdaq

Here are the top three marijuana stocks on the Nasdaq with the best value, fastest growth, and most momentum.

Some of the Nasdaq-listed marijuana companies include Tilray Inc. (TLRY) and OrganiGram Holdings Inc. (OGI). Many of these companies have managed to maintain fast revenue growth in spite of the COVID-19 pandemic.

GRWG, HYFM, and OGI are top for value, growth, and momentum, respectively

These are the marijuana stocks on the Nasdaq that had the highest total return over the past 12 months.

This is the list of the largest cannabis companies by market capitalization. Only the top cannabis companies are shown in this list and cannabis companies that are not publicly traded are excluded. The ranking and the market cap data shown on this page are updated daily.

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

What is the market capitalization of a company?