These Pot Stocks Delivered Smoking Hot Q2 Results
Throughout 2017, 2018, and the first quarter of 2019, there wasn't a hotter industry on Wall Street than cannabis. With the North American black market selling tens of billions of dollars of weed annually, the expected legalization of pot in select U.S. states and Canada sent marijuana stock valuations through the roof.
However, promises can only take stock valuations so far. Inevitable growing pains struck the marijuana industry beginning in April 2019 and sent pot stocks tumbling. These issues have included supply bottlenecks, high tax rates on legal product, and a lack of traditional financing options.
But amid the chaos, and even an unprecedented pandemic, three pot stocks are showing Wall Street that they could be long-term weed winners. Last week, all three lifted the hood on absolutely stellar second-quarter operating results.
Source Fool.com
