3 of the Most De-Risked Cannabis Stocks
It should come as no surprise that one of the most popular investment categories over the past couple of years has been marijuana stocks. With Canada giving the green light to recreational pot in October 2018, and two-thirds of all U.S. states legalizing medical marijuana, the outlook for cannabis stocks continues to point higher. Unfortunately, green arrows haven't been as common for the green rush of late.
While marijuana stocks were mostly unstoppable through the end of the first quarter, they've been nothing short of a disaster since then. Over the past 4 1/2 months, most cannabis stocks are down by a sizable double-digit percentage. Supply shortages in Canada, high tax rates in select U.S. states, and persistent operating losses for most big-name pot stocks have all been responsible for pushing marijuana valuations lower.
But there are three pot stocks for investors to consider that appear to be more de-risked than their peers. Mind you, that doesn't mean these three stocks are without risk. It merely means their downside risk is mitigated, relative to their competition.
Source Fool.com
