3 Pot Stocks to Avoid Like the Plague for the Rest of 2020
If you think the beating the stock market has taken over the past two months is brutal, then chances are you haven't paid close attention to the cannabis space. Over the past 12-plus months, marijuana stocks have lost anywhere from 50% to 95% of their value and have, in many instances, wiped away years of gains.
The good news, if there's any to be found from such an abysmal performance, is that there is a quantifiably large market for pot stocks over the long term. Tens of billions of dollars are conducted in black-market sales each year, meaning there's ample opportunity to move these consumers into legal channels.
But the obvious bad news is that not every pot stock can be a winner. With the North American cannabis industry wrought with challenges, I'd suggest avoiding the following three pot stocks like the plague for the remainder of 2020, if not beyond.
Source Fool.com
