GrowGen Emerges as Best Cannabis Stock of 2020

Bloomberg, November 24, 2020

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.

The initial investment of starting a grow operation can require thousands of dollars in costs for grow lights, fans and other equipment. And while GrowGeneration caters to general at-home gardeners, GrowGen CEO Darren Lampert said its top focus is on pot. “That’s where most of the money is made,” he said.

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