Marijuana Stocks That Lit Up The Market in 2017

Presently, 29 U.S. states and Washington, D.C., have legalized medical marijuana and D.C. and eight other states have gone a step further and legalized recreational marijuana. Our neighbor to the north, Canada, has long rooted medicinal marijuana market and is on course to legalize recreational marijuana this July.

Last year, $7.3 billion was generated from marijuana sales in North America alone and it is forecast to grow to $9.7 billion in 2017. With Canada’s recreational legalization approaching and more U.S states loosening their marijuana restrictions, the market is only going to get hotter and hotter. With that being said, here are a few marijuana stocks that lit up the market during 2017.

Aurora Cannabis (ACBFF) +221.5 percent

Aurora Cannabis, a Canadian marijuana producer, and supplier have begun to expand internationally export dried marijuana to countries overseas including Germany and Australia. Aurora had recently announced its intentions to acquire the smaller Canadian marijuana cultivator CanniMed Therapeutics (CMDDF) in preparation to meet the highly anticipated demands of the upcoming recreational market.

Aphria (APHQF) +206 percent

Aphria, another Canadian marijuana cultivator, and supplier have also expanded internationally to medical marijuana markets that do not have current grow laws in place. This marijuana stock just signed a deal with the retail-pharmacy chain, Shoppers Drug Mart, to become its supplier of medical marijuana. Aphria (APHQF) has also been expanding its production capacity their medical marijuana patients continues to increase monthly.

Canopy Growth (TWMJF) +150 percent

Canopy Growth, Canada’s top marijuana producer, and retailer has been in the headlines a lot regarding its strategic mergers and acquisitions. This marijuana stock made history with its announcement that Constellation Brands, Inc. (STZ) acquired 9.9-percent stake in the company for the production and retailing of marijuana-infused beverages.

CNRP Mining (CRPGF) +646 percent

CNRP Mining’s subsidiary X SPRAYS, unlike its peers, has focused on a higher margin market than traditional dried marijuana. The company’s sprays include hemp cannabidiol (CBD) that focus on pain relief, sleep, energy, and recovery. X-SPRAYS™ recently launched a test market for its two sprays, 300mg CBD and Sleep, with CBD with medical and recreational marijuana dispensaries in Colorado.

 

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Disclosure: MarijuanaStocks.com is owned by MAPH Enterprises LLC., a Florida Corporation that has been compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF). We own zero shares.

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