2 Profitable Marijuana Stocks to Buy for 2020 and Beyond
The Canadian cannabis industry has been plagued with plenty of issues since its inception. Many pot companies have experienced massive declines in their market value over the past year. The slow rollout of retail stores in major Canadian provinces led to lower-than-expected demand, which drove inventory levels higher, resulting in massive writedowns and lower profit margins.
Health concerns related to vaping, the illegal market's cannibalization of market share, and mounting operating losses have wiped out significant gains across the industry in the past year. However, there are two marijuana companies north of the border defying the trends of margin pressure and slowing revenue growth. Aphria (NYSE: APHA) and OrganiGram (NASDAQ: OGI) are profitable Canadian cannabis companies that are also listed on U.S. exchanges.
Let's look at why these two pot players can be winning bets for long-term investors.
Source Fool.com
