2 Unstoppable Cannabis Stocks That Could Make You Richer in 2021 (and Beyond)

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The performance of the marijuana industry as a whole — as measured by the Horizons Marijuana Life Sciences ETF — was trending well below that of the S&P 500 for most of the past 12 months. But the U.S. presidential elections, during which voters in several states opted to make recreational and medical uses of cannabis legal, provided a nice boost to the sector.

Since Nov. 3, 2020, the Horizons Marijuana Life Sciences ETF has skyrocketed nearly 149%, and it is up by about 80% in the past twelve months, compared to nearly 17% gains for the S&P 500 in the same period. Two pot stocks that have performed consistently well over the past 12 months are Trulieve Cannabis (OTC: TCNNF) and Planet 13 (OTC: PLNH.F), as the graph below shows.

HMMJ Chart
Data source: YCharts.

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