2 Pot Stocks That Could Make You Richer
Just about all growth stocks were hammered this year. But the story goes back earlier with cannabis stocks. Since they peaked in the first quarter of 2021, the lack of favorable momentum toward U.S. federal legalization has taken a major toll on their stock prices. Even steady sales growth in the last few quarters has failed to impress investors.
But these companies are growing revenue at a healthy rate that could make them top cannabis players by the time U.S. federal legalization happens.
According to GlobeNewswire, the global pot industry could grow from roughly $26 billion in 2021 to a value of $149 billion by 2031. So the optimistic view is that the market now is ideal for long-term investors to pounce on the following two growth stocks at beaten-down prices. These businesses are growing despite the legal status of cannabis.
Source Fool.com
