The First Cannabis Stock to Trade on the Nasdaq

There seem to be a lot of first happening in the cannabis investing space lately. People aren’t even willing to wait 50 days until 4/20 arrives so we can all have a good snicker about how clever their timing was. The first big event to take place last month was the emergence of a cannabis unicorn, MedMen, which is now the first cannabis startup to reach a billion dollar valuation. Before our MBAs had even wrapped up that article, and then wrapped up a proper joint of purple monkey balls to celebrate, a second even bigger event happened.

No, we’re not talking about the High Times IPO but something that’s not entirely dissimilar. A Canadian company called Cronos Group has become the first proper cannabis stock to begin trading on the Nasdaq. We’re not talking about all those boring cannabinoid stocks, but rather an actual marijuana producer that you can now trade on a U.S. stock exchange. Let’s take a closer look at Cronos Group (NASDAQ:CRON). (All numbers below are in USD.)

About Cronos Group