2 Cheap Cannabis Stocks to Avoid in October
Cannabis stocks aren't exactly in vogue right now. All of the biggest public marijuana companies massively underperformed the market over the last 12 months, with nearly all of them losing a lot of their value, and there may not be relief in sight.
For the bargain-hunting investor, now is the ideal time to be on the lookout. But not every bruised stock is a genuine opportunity, and many are likely to lose even more value, at least in the near term. Therefore, here are two inexpensively valued cannabis stocks you should probably steer clear of even if you're looking for a deal.
Canopy Growth (NASDAQ: CGC) is a Canadian cultivator that looks cheap and appears to be exposed to a lot of upside from cannabis legalization in the U.S., but it's a trap. First, take a look at this chart:
Source Fool.com
