3 Pot Stocks to Avoid Like the Plague in 2024
In a three-year stretch, marijuana stocks went from being the buzz of Wall Street to nothing short of a buzzkill.
When President Joe Biden took office in January 2021, there was the strong belief that he and a then Democrat-controlled Congress would have no trouble passing cannabis-reform measures. Unfortunately, meaningful reforms have continually fallen flat in the U.S. Senate, and President Biden has done little to advance the legalization of marijuana in the world's most lucrative market for weed.
Despite these ongoing setbacks, which have made life difficult for some marijuana-based businesses, cannabis still profiles as one of the fastest-growing global industries of the decade. According to market intelligence company BDSA, the worldwide cannabis industry is forecast to deliver compound annual growth of 13% through 2027 after generating an estimated $36.7 billion in total sales in 2023.
Source Fool.com
