3 Pot Stocks That Aren't as Cheap as They Appear
Throughout much of 2017, most of 2018, and the first quarter of 2019, marijuana stocks were virtually unstoppable. Promises of top-tier production, partnerships, and high-margin derivative products sent pot stocks into the stratosphere.
But over the past 13 months, cannabis stocks have cratered, with some losing as much as 95% of their value. This shakeout was inevitable as history has shown us that not every company can be a winner when the next big investment trend arises.
However, such significant declines in marijuana stock market caps have some investors wondering if now is the time to take advantage of perceived-to-be "cheap" valuations. After all, Wall Street is still counting on cannabis to be at least a $50 billion industry by 2030. But as you're about to see, a low share price doesn't mean a stock is cheap. Here are three pot stocks that appear cheap, but aren't remotely good values.
Source Fool.com
