3 Best Marijuana Stocks to Buy in December
The marijuana industry composite, the AdvisorShares Pure U.S. Cannabis ETF, is down by more than 50% this year so far. Cannabis stock investors are on the lookout for better times, not to mention the next big stock to invest in.
Given that marijuana legalization is far from guaranteed in the near term, investing in the largest and most profitable pure-play companies might not be the most successful strategy. Let's take a look at a trio of the best marijuana stocks to buy this December so that you'll have a few ideas about where to place your bets to succeed over the next few years.
22nd Century Group (NASDAQ: XXII) isn't a traditional marijuana company. It makes money by developing genetically engineered strains of cannabis, tobacco, and hops. This way, growers can maximize the growth rate and hardiness of their plants beyond what they'd be able to accomplish with lower-tech husbandry methods.
Source Fool.com
