3 Pot Stocks to Avoid Like the Plague in October

Over the past 18 months, the North American marijuana industry has struggled, and a number of popular pot stocks have been pulverized. Every next-big-thing investment contends with growing pains, and that's exactly what marijuana stocks are navigating their way through at the moment.

To our north, Canada has been punished by a plethora of regulatory-based supply issues. Meanwhile, in the U.S., high tax rates in select legalized states have made it difficult for licensed producers to compete with black-market growers.

While there's little question that cannabis can be one of the fastest-growing and most-exciting industries in North America this decade, not every pot stock can be a winner. As we prepare to move headlong into October, I'd strongly encourage investors to avoid the following three pot stocks like the plague.

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Source Fool.com