2 Cannabis Stocks That Are Quietly Trouncing the Market in 2026
Key PointsTrulieve and Cronos are both outperforming the S&P 500.
Cannabis stocks have not been the hottest sector in 2026, but two companies have quietly outperformed the S&P 500. Trulieve Cannabis (NYSE: TRLV) and Cronos Group (NASDAQ: CRON) have both risen approximately 27% through September 18, compared to the S&P 500's gain of about 12%. Unlike previous cannabis rallies fueled by speculation, these gains have been supported by tangible results.
Trulieve has undergone a significant transformation this year as a result of the federal rescheduling of state-licensed medical marijuana to Schedule III. The company restructured its operations to focus on medical marijuana facilities, becoming the first U.S. cannabis firm listed on the New York Stock Exchange in June.
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