Better Buy: Aurora Cannabis vs. Scotts Miracle-Gro Company
Cannabis investments have proven to be very risky over the past year. With Aurora Cannabis (NYSE: ACB) and Scotts Miracle-Gro (NYSE: SMG), investors have two very different ways they can gain exposure to the industry. Are you better off investing in a cannabis producer with global reach, or a hydroponics company that has more of an indirect interest in the industry? Let's find out.
Aurora has a presence in more than two dozen countries across the world, and it's an appealing long-term investment if you expect cannabis legalization to continue its progress around the globe. The potential is significant: By 2025, Grand View Research projects that the legal marijuana market will grow to $66.3 billion, growing at a compounded annual growth rate of 23.9%. It's one of the reasons Aurora appeals to investors, because the company has ambitions that go beyond North America.
Source Fool.com
