2 Hot Marijuana Stocks Even Warren Buffett Might Want to Buy in 2021
Cannabis companies seem like they're the opposite of what the famed investor Warren Buffett would like. They're typically unprofitable, have few products that competitors can't replicate, and they're often debt-laden. Plus, they spend a lot on the equipment and staff needed to cultivate marijuana, and few have a competitive moat big enough to protect their margins. And, as though all that weren't enough, their stocks tend to be highly unreliable investments with volatile prices.
But in the long run, it's inevitable that at least some cannabis companies will become prototypical buy-and-hold-until-the-end-of-time-style Buffett stocks. Despite the industry's present-day schlock, there are two contenders I think could eventually fit Mr. Buffett's exacting bill. While there's no guarantee that they'll ever actually make it to the Berkshire Hathaway portfolio, you shouldn't be too surprised if they do.
Image source: Getty Images.
Source Fool.com
