6 Cannabis Stocks That Have Produced a Real Operating Profit
Things certainly did not go as expected for cannabis stock investors in 2019. Following a first quarter that yielded incredible returns, pot stocks spent the remaining nine months of the year retracing their steps. A combination of high tax rates on weed in the U.S., supply issues in Canada, and a persistent black market pushed most cannabis stocks into steep losses last year.
However, there have been exceptions. While keeping in mind that there are a lot of one-time benefits and fair-value adjustments associated with marijuana stock income statements, six cannabis stocks have managed to produce at least one quarter of real operating profit (not to be confused with net income), without the aid of these one-time benefits. If you've been considering investing in the high-growth marijuana industry, the following six stocks are a good place to begin your research.
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Source Fool.com
