3 Top Marijuana Stocks to Watch in March
Pot stocks are in a precarious place at the moment. Despite nearly nine straight months of staggering losses in 2019, the space has continued to break down at a worrying pace in 2020. Every single major Canadian marijuana company, in fact, has lost at least 10% of its value this year, with several companies posting losses of greater than 30% only two months into the new year. While some of this industrywide weakness can be attributed to the marketwide coronavirus sell-off, the vast majority of it is due to the confluence of anemic sales, deteriorating balance sheets, poor internal controls, a thriving black market, and regulatory bottlenecks.
With the legal marijuana space in full-scale retreat, bargain hunters might be tempted to nibble at some of these beaten-down equities right now. Before doing so, though, it might be a smart idea to simply watch a few of the industry's bellwether names during this turbulent period. Which marijuana stocks could be key indicators of where the industry is headed as a whole for the remainder of 2020 and beyond? Aurora Cannabis (NYSE: ACB), Cronos Group (NASDAQ: CRON), and Tilray (NASDAQ: TLRY) are three of the most important marijuana stocks to keep tabs on this month. Here's why.
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Source Fool.com
