The 3 Must-Knows of Cannabis Stock Investing
For years, there wasn't a hotter investment on Wall Street than cannabis stocks. Investors with the wherewithal and stomach to have invested in some of the most prominent pot stocks in 2016 or 2017 found themselves up, in some cases, by quadruple digits during the first quarter of 2019. In fact, more than a dozen pot stocks rocketed higher by at least 70% in Q1 2019.
Then the wheels came off the wagon. For much of the past 14 months, marijuana stocks have been some of the worst-performing equities on Wall Street. Were it not for the coronavirus disease 2019 (COVID-19) pandemic leading to a collapse in oil demand, thereby plunging many highly indebted drillers into bankruptcy or to the brink of bankruptcy, we'd still be talking about cannabis as the market's most disappointing industry.
And yet, there's still plenty of potential.
Source Fool.com
