These Top 2 Marijuana Stocks Have the Best Profit Margins
After two years of a legal market for marijuana in Canada, it has become more vital than ever for sector players to post profits. Experience has shown that blindly expanding production capacity with no preparation for oversupply issues can have devastating financial impacts. Investors are tired of Canadian cannabis companies losing money quarter after quarter and issuing more stock to pay for their operational mishaps. Investors' standards for cannabis businesses are rising.
Meanwhile, cannabis companies in the U.S. are gearing up in anticipation of the drug's possible legalization after the 2020 election. Having learned a few lessons from the Canadian market, U.S. marijuana players area lot more cautious with their expansion plans, resulting in higher average profit margins than their Canadian counterparts. Today, let's look at the top two marijuana stocks that are making decent profits.
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Source Fool.com
