3 Pot Stocks to Avoid Like the Plague in July
Want to make some serious green this decade? Investing in cannabis might be for you.
According to a report from New Frontier Data, U.S. weed sales are expected to grow by an average annual rate of 21% through 2025, ultimately hitting north of $41 billion. Meanwhile, cannabis-focused analytics company BDSA is looking for Canadian pot sales to catapult from $2.6 billion in 2020 to $6.4 billion by 2026.
However, history is very clear that not all companies in high-growth industries will be successful. Even with a promising outlook for legal cannabis in North America, the following three pot stocks should be avoided like the plague in July.
Source Fool.com
