3 Best Marijuana Stocks to Buy in January

The past year hasn't been kind to marijuana investors, who have watched most cannabis stocks collapse as momentum for federal legalization has stalled in Congress. The Horizons Marijuana Life Sciences Index ETF was down 20% in 2021, off 34% from the highs it hit last February.

Many pot stocks did much worse, and the only reason the exchange traded fund is not down even more is the performance of companies like marijuana-focused real estate investment trust Innovative Industrial Properties -- a top 10 holding of the ETF, and one that performs well in good times and bad.

I recently discussed why I think Innovative Industrial is a strong buy for the sector, but there are other good marijuana stocks to consider as well, even those that have plummeted because of industry pessimism.

Source Fool.com