2 Cannabis Stocks You Can Buy and Hold for the Next Decade
The doldrums that cannabis stocks have drifted through over the last year have driven some investors out of the market.
It's hard to take losses of more than 70%, which were experienced last year by the AdvisorShares Pure U.S. Cannabis ETF. Curaleaf, the largest multi-state operator (MSO) by revenue, has seen its shares drop more than 48% over the past year, while other MSOs fared even worse. Price compression of cannabis, particularly in the more mature markets, made it hard for cannabis retailers to be profitable.
Despite the short-term woes of some cannabis companies, the future of the industry has nowhere to go but up.
Source Fool.com
