Everyone talks about how much the cannabis industry is going to grow over the next few years. But there are quite a few cannabis stocks that are delivering impressive sales growth right now.
I looked at the trailing-12-month revenue growth for the stocks of all cannabis-related companies with a market cap of at least $200 million. Here are the three stocks with the fastest-growing sales — and whether they’re smart picks to buy right now.
1. GW Pharmaceuticals
Before GW Pharmaceuticals (NASDAQ:GWPH) launched Epidiolex, some questioned if the company could really be successful with its new cannabidiol (CBD) drug. GW has answered those questions with an exclamation mark. The cannabinoid-focused biotech’s trailing-12-month revenue has skyrocketed by 758% over the last year.
The company has blown away sales estimates in every quarter since Epidiolex hit the U.S. market late last year. Epidiolex continues to pick up