Top 16 American Cannabis Stocks Ranked
I believe this is probably the most valuable post I have created on any blockchain. This information is difficult to find and is not well put together anywhere like coinmarketcap does for crypto. I will show the list ranked by their last reported quarterly sales, and then by their current market cap. I have only included companies that are directly involved in cannabis production or dispensing. This removes companies like GrowGeneration and KushCo Holdings, which are involved in grow equipment and packaging. It also removes CBD companies like CV Sciences and Charlotte's Web Holdings.
Total Sales / Market Cap
We can't exactly calculate the last quarter of sales for all companies because their financial years are all different and they have different reporting periods. We can add all of their most recent reported quarters up and calculate a total quarterly sales that way, which we come to $181 Million. The total market cap for all these companies comes to $21 Billion. With the legal market in the United States projected to grow to $165 Billion by 2025, there is a lot of potential for growth in here.
Table Explained
- Quarterly Sales - Sales for the previous 3 months
- Market Cap - The total value of all outstanding shares of equity in the company.
- Q/Q Growth - The percent change from last quarter to this quarter.
- Y/Y Growth - The percent change comparing this quarter to this same quarter one year prior.
- Sales/Cap - Takes quarterly sales as a percentage of market cap.
Ranked by Quarterly Sales (In Millions)
Ranked by Market Cap (In Billions)
Pie Chart (Percentage of Market Share)
Companies reporting in April
We have several companies reporting earnings in April, which should have an effect on the market, or likely is already effecting the market. Curaleaf has had great sales, but is a lot smaller than some of the other big cap stocks. It'll be interesting to see if it can maintain the #1 spot.
#cannabis #canna-curate #stocks #equities #marketcap #sales #revenue #growth #analysis
Great post with good info. Very interesting to see the numbers on these in direct comparison with each other. Cheers
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