Coronavirus Market Sell-Off: Are Any Marijuana Stocks a Buy Now?
The rapid spread of the SARS-CoV-2 coronavirus and the resulting COVID-19 disease have crushed the financial markets. This goes double for marijuana stocks, which have been hit particularly hard. Over the last month, for example, Canopy Growth has lost 33% of its value, and Curaleaf Holdings (OTC: CURLF) has cratered by nearly 35%. Both are much harder falls than the 17% drop of the S&P 500 index.
As with any deep sell-off, this raises the question of which cannabis stocks -- if any -- are now too cheaply priced to ignore. Let's dive in.
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Source Fool.com