Can These Once-Hot Pot Stocks Recover?
When Canada legalized recreational marijuana in 2018, three stocks came to dominate the market: Aurora Cannabis (NYSE: ACB), HEXO (NYSE: HEXO), and Canopy Growth (NYSE: CGC). All three had already established their names in the medical cannabis space, so recreational pot legalization just gave them more scope.
However, external headwinds and a few internal mistakes led to huge losses for these companies last year. "Cannabis 2.0," the second wave of recreational cannabis legalization in October 2019 (including vapes, edibles, beverages, concentrates, and more), sparked some hope -- but issues remained as product launches took time and the coronavirus pandemic hit.
The situation is tough for these companies, but they seem to be making efforts to recover. Is there any hope for these pot stocks in 2020?
Source Fool.com
