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3 Reasons I Finally Decided to Invest in a Marijuana Producer


I've been writing about marijuana stocks for over four years, since before the Canadian pot market became fully legal in October 2018. However, given the risks in the sector, I didn't previously have the urge to invest in a cannabis producer. I have invested in hydroponics company Scotts Miracle-Gro as a safe way to gain exposure to the sector, but not ever directly in a company that's involved in the actual growing or selling of marijuana.

That changed last month when I bought shares of Cresco Labs (OTC: CRLBF), a Chicago-based pot producer. There are three main reasons I decided to finally pull the trigger and invest in the multi-state operator (MSO).

Image source: Getty Images.

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Source Fool.com

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