1 Growth Stock To Buy and Hold in a Market Downturn
It is hard to put your faith and money in stocks from industries that aren't profitable yet. Marijuana is one such industry that is still in its nascent stage. With inflation fears gripping the market now, investors are more skeptical of marijuana stocks. But that doesn't make them bad investments. U.S. marijuana stocks can offer excellent long-term prospects.
One such company is Illinois-based multistate operator (MSO) Cresco Labs (OTC: CRLBF). The company doesn't operate a large number of dispensaries nationwide but has some smart strategies up its sleeve that could take it to great heights in the long run. Let's dig in.
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Source Fool.com