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- Millennial investors are buying weed stocks at a faster clip than Amazon and Netflix
Millennial investors are buying weed stocks at a faster clip than Amazon and Netflix
Cronos Group (CRON)
Aurora Cannabis (ACBFF)
Market capitalization: $8.35 billion
Current Owners on Robinhood: 77,248
Ownership growth over the last six weeks: N/A. The stock did not appear on the list until the week of September 6.
Over the past two weeks, users have more than doubled from 34,471 to 77,248, and the stock has jumped 16 positions on the list to 20th position.
Data gathered by Markets Insider from public Robinhood data.
Canopy Growth (CGC)
Market Capitalization: $11.86 billion
Current Owners on Robinhood: 69,521
Ownership growth over the last six weeks: 144%
The stock has jumped from the 96th position to 23rd position, just below payment company Square, led by Jack Dorsey, who also serves as CEO of Twitter.
Data gathered by Markets Insider from public Robinhood data.
Tilray (TLRY)
Market Capitalization: $11.59 billion
Current Owners on Robinhood: 35,280
Ownership growth over the last six weeks: N/A. The stock did not appear on the list until the week of August 23rd.
Tilray had a wild day after its CEO Brendan Kennedy appeared on Cramer's "Mad Money" on Wednesday. The stock has jumped from 81st on Robinhood's top 100 list in August to 39th.
Data gathered by Markets Insider from public Robinhood data.
22nd Century Group (XXII)
Market Capitalization: $339.67 million
Current Owners on Robinhood: 43,057
Ownership growth over the last six weeks: 11%
Compared to other companies, 22nd Century Group is a plant-biotechnology company which produces low-nicotine cigarettes. They have similar products on growing cannabis with varying levels of cannabinoids. The company has held steady as the 32nd most-owned stock on the app.
Data gathered by Markets Insider from public Robinhood data.
Netflix (NFLX)
Market Capitalization: $159.14 billion
Current Owners on Robinhood: 108,475
Ownership growth over the last six weeks: -6.1%
The streaming giant has lost on an average 1,635 Robinhood investors per week since August 16.
Data gathered by Markets Insider from public Robinhood data.
Amazon (AMZN)
Market Capitalization: $948.94 billion
Current Owners on Robinhood: 99,674
Ownership growth over the last six weeks: 1%
Amazon has held steady at the 14th position August 16.
Data gathered by Markets Insider from public Robinhood data.
Twitter (TWTR)
Market Capitalization: $22.65 billion
Current Owners on Robinhood: 117,365
Growth in the last six weeks: -2.5%
Twitter has dropped two places in the ranking to the 12th position since August 16.
Data gathered by Markets Insider from public Robinhood data.
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