GrowGeneration Corp., the largest hydroponic garden-center chain in North America, is on a tear-worthy of its name. The gardening supply company has gained over 700% so far this year, making it the best-performing cannabis stock of 2020 amid a sector-wide rally on hopes the U.S. is poised for federal legalization after the election. Investors are drawn to the $1.6 billion retailers, which sell equipment used to grow pot, as it’s one of the few U.S.-based cannabis plays listed on the Nasdaq. It’s also free of the legal risks that growers pose as it doesn’t sell the plant itself.
Mmp News Author, Medical Marijuana Program Connection, 11/25/2020 01:18:20