After Outstanding Q2 Results, This Pot Stock Is Ready to Bloom
Cannabis stocks have fallen from their February highs, in part because investors did not see as much movement in cannabis reform as they had anticipated. The industry benchmark, the Horizons Marijuana Life Sciences ETF is down 6% so far this year compared to the S&P 500's surge of 19%. But now is not the time to give up on marijuana stocks. Most of the attractive U.S. multi-state operators (MSOs) are trading at a discount, making it a good time to think about adding them to your portfolio.
One such MSO is Illinois-based Cresco Labs (OTC: CRLBF), which has grown its revenue dramatically by expanding in key markets that offer limited licenses. Its success is evident in its recent second-quarter results for the period ended June 30. Let's look at how Cresco Labs can set cannabis investors up for a fruitful future.
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Source Fool.com
