The 3 Marijuana Stocks You'll Want to Own for the Second Half of 2020
For years, marijuana stocks were the hottest thing since sliced bread on Wall Street. All it took was the promise of capacity expansion and eventually international aspirations to send cannabis stocks soaring to the heavens.
But that all changed in April 2019. Over the trailing 15 months, the vast majority of pot stocks have lost at least 50% of their value, if not considerably more. Following the legalization of adult-use weed in Canada, and with two-thirds of U.S. states having given the green light to weed in some capacity, the time for promises is over. Real results are being demanded by investors, and early stage growth hiccups for the marijuana industry have not allowed this to happen.
However, a small number of cannabis stocks are in position to be successful far earlier than many of their peers. While all "next big thing" industries need time to mature (and cannabis is no different), the following three marijuana stocks are the names you'll want to own for the second half of 2020.
Source Fool.com
