Is Popular Pot Stock OrganiGram a Buy in 2020?

To say that 2019 was a letdown for marijuana stock investors would be a massive understatement. Last year was supposed to be when cannabis stocks put the pieces of the puzzle together and became profitable as an industry. However, a myriad of issues, including supply problems in Canada and high tax rates in select U.S. states, gave further rise to an already resilient black market. As a result, most marijuana stocks were clobbered.

The thing is, with cannabis stocks going up in smoke, some investors now believe that they might be an intriguing value. One such name that's popped up on the value radar is popular marijuana stock OrganiGram Holdings (NASDAQ: OGI). It wound up shedding 31% of its value in 2019, and declined roughly 70% from its high, set in May.

But is this significant decline an opportunity for investors to pick up this pot stock on the cheap?

Source Fool.com