Is Cannabis Stock Aphria a Buy in 2020?
Ask any cannabis stock investor, and they'll tell you this isn't how it was supposed to go for the marijuana industry. After looking primed to push toward profitability, cannabis stocks faded in 2019. Supply issues in Canada, high tax rates in select U.S. states, and a resilient black market throughout North America have made life difficult for pot stocks.
But the substantive declines that cannabis stocks dealt with last year now have some folks believing pot stocks might be a bargain. One such name that continues to (pardon the pun) crop up is Ontario-based Aphria (NYSE: APHA).
But is Aphria, a top-tier Canadian grower that lost about half of its value since early April, really a cannabis stock that investors should consider buying in 2020? As you're about to see, probably not.
Source Fool.com
