3 Top Cannabis Stocks to Buy in September
The Horizons Marijuana Life Sciences ETF has been down more than 60% over the past year, and many pot stocks took a drubbing during that time. Although their businesses are generally unprofitable, they possess lots of potential in the long run, especially as more states legalize marijuana. Many of the stocks have been performing well, but a lack of progress on marijuana reform (at the federal level) and oversupply issues in the industry have weighed down otherwise promising cannabis stocks.
But the good news for long-term investors is that this has resulted in some great deals along the way. Three stocks that are cheap buys and can set you up for some great returns down the road are Cresco Labs (OTC: CRLBF), Jushi Holdings (OTC: JUSHF), and Ayr Wellness (OTC: AYRW.F)
Marijuana multi-state operator (MSO) Cresco Labs will be among the largest cannabis companies in the world when its acquisition of Columbia Care goes through. Together, the companies will have a footprint that spans 130-plus retail stores in 18 markets and annual revenue of more than $1.4 billion. Cresco anticipates the transaction will close by the end of the year.
Source Fool.com
