3 Pot Stocks to Avoid Like the Plague in 2023
Over a two-year span, investors have watched marijuana stocks go from the buzz of Wall Street to nothing short of a buzzkill. When Democrats took control of both houses of Congress in 2021 and President Joe Biden ascended to the Oval Office, it was believed that cannabis reform was likely. Two years later, marijuana remains illegal at the federal level and cannabis banking reform measures continue to stall in the Senate.
But this lack of progress at the federal level hasn't dimmed the long-term hope for the industry. According to BDSA, worldwide cannabis sales are expected to nearly double from $30 billion in 2021 to $57 billion by 2026. That makes cannabis one of the fastest-growing industries on the planet.
Image source: Getty Images.
Source Fool.com
