Wall Street's Upgrade of This Popular Pot Stock Overlooks Serious Flaws
Following a first quarter that was nothing short of incredible for pot stocks, the remaining nine months of 2019 left a lot to be desired. When the year ended, most cannabis stocks were not only down, but quite a few brand-name companies were bordering on multiyear lows.
If there was a silver lining (or should I say "green lining") to be found among this underperformance, it's that this precipitous decline in marijuana stocks has offered investors a second chance to buy into an industry that should see sales grow from $10.9 billion worldwide in 2018 to at least $50 billion by 2030. Even Wall Street appears to be slowly coming around to the idea that cannabis stocks may have bottomed out.
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Source Fool.com
