5 Marijuana Stocks With the Most Cash in 2020
It's pretty safe to say that last year did not go as planned for a majority of marijuana stock investors.
The belief had been that cannabis stocks would push decisively into the green, led by skyrocketing dried cannabis sales in Canada, the subsequent launch of derivatives, and more legalizations in select U.S. states. But supply issues constrained legal product in Canada, derivatives launched two months later than expected (in mid-December), and high tax rates have stymied adult-use sales in a number of U.S. states. Ultimately, most pot stocks lost money in 2019, and may continue to do so in 2020.
While the cannabis industry should make strides in 2020, it's pretty clear how important having adequate cash on hand has become. As we push headlong into the new year, the following five marijuana stocks currently boast the most cash on their balance sheets (as of the end of their most recent quarter). Note that "cash" includes cash, cash equivalents, and marketable securities, but not restricted cash.
Source Fool.com
