These 2 Pot Stocks Are Up Big in 2023. Here's Why
The shares of most cannabis stocks, already reeling from a difficult 2022, have continued to plummet in 2023. That drop is reflected in the decline of two cannabis ETFs: The AdvisorShares Pure Cannabis ETF is down more than 18%, and the ETFMG Alternative Harvest ETF is down more than 17% to start the year.
It's hard to find cannabis stocks whose shares are up for the year, including even profitable ancillary cannabis stocks, such as cannabis real estate investment trusts (REITs), whose shares have fallen along with the fortunes of their tenants.
Going against that tide, Scotts Miracle-Gro (NYSE: SMG) and TerrAscend (OTC: TRSSF) are up by double digits. Scott's diversity and its plan to return to profitability has encouraged the market, while TerrAscend's tight focus on a few limited-license states is helping it responsibly increase revenue.
Source Fool.com
