3 Pot Stocks to Avoid Like the Plague in August
For the past 16 months, marijuana stocks have been a nightmarish holding for investors. Many have fallen 50% or more as growing pains have picked up throughout North America. Regulatory-based supply issues in Canada and exorbitant tax rates on legal weed in select U.S. states have allowed illicit marijuana to thrive.
The good news is that there's definitely a path forward for the North American legal cannabis industry. As the industry matures, standouts will emerge.
On the other hand, it means that not every pot stock can be a winner. While it's still a bit too early to concretely call certain marijuana stocks long-term winners or losers, there are a handful of companies that should be surrounded with yellow caution tape, at least in the near term. The following three pot stocks are the perfect examples of cannabis companies that should be avoided like the plague in August.
Source Fool.com
