2 Top Marijuana Stocks to Watch in August
Since the beginning of the year, the marijuana sector has underperformed dramatically. The effects of COVID-19, oversupply in Canada, and falling consumer spending are all leading investors to get out of weed stocks en masse, with little regard for long-term outlook.
However, the market has changed dramatically from even just a quarter ago. There are now 1,000 marijuana stores open in Canada, and a federal bill to legalize weed in the U.S. was proposed by Sen. Tina Smith (D-Minn.) on July 31. When an entire sector becomes battered, it often creates opportunities for investors to buy top-performing businesses at a bargain price. Today, let's take a look at two companies that fit this category.
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Source Fool.com
