3 Best Cannabis Stocks to Buy Right Now
Cannabis is becoming synonymous with big business, but that doesn't mean it's easy to make money as an investor. Where there's an industry that's growing rapidly, there's sure to be inefficiency around every corner. And while that might be par for the course, it also means that it's a challenge to find the right stock to buy, because so many of the contenders are still finding their footing for the first time.
All of the stocks I'll discuss today have one big advantage: They can grow alongside the cannabis industry without being directly exposed to the risks of shifting consumer preferences or variations in the market price of marijuana. That means when direct-to-consumer (DTC) companies are busy competing with each other by futzing with their branding, their product offerings, and their retail footprints, it simply won't matter to your portfolio. Plus, these three stocks stand to gain from the long-term maturing of the industry as a whole -- and that makes them lucrative picks today.
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Source Fool.com
