After being comatose for the majority of the year, marijuana stocks mounted a strong rally following the decision by Maryland and Missouri to legalize recreational marijuana, It’s clear the move to state-approved recreational marijuana is picking up, but the key here remains the federal decriminalization of recreational pot.
For a broad measure of the pot sector, look at ETFMG Alternative Harvest ETF (NYSEARCA:MJ). The exchange-traded fund (ETF) rallied 33% to $6.02 on November 15 after declining to $4.54 on October 13.
One of the top 10 marijuana stocks in the ETFMG ETF is Cronos Group Inc (NASDAQ:CRON). This vertically integrated marijuana play has been generating strong financial growth and potentially strong long-term price appreciation that could drive its shares significantly higher.
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