5 Pot Stocks That Can Thrive in a Stock Market Crash
For years, marijuana stocks were the hottest investment on Wall Street. The expectation of taking an industry that does tens of billions of dollars in illicit sales annually and moving those dollars to legal channels proved far too enticing for Wall Street and investors to ignore.
However, the past 14-plus months have been nothing short of a disaster for cannabis stocks. A flurry of supply issues throughout Canada, crippling high tax rates on legal product in the U.S., financing concerns throughout North America, and now a global pandemic, have all contributed to the pot industry's struggles.
But if there's one important thing you need to know about marijuana stocks, it's that they're not all built alike. Although some are struggling mightily and (pardon the pun) a weeding out of the field has been long overdue, a handful of pot stocks are well-positioned to thrive during periods of instability and even a stock market crash. Here are five such names that investors can expect to thrive in virtually any economic environment.
Source Fool.com
