Why Now Might Be the Time to Load Up on Marijuana Stocks
The marijuana sector is a fickle one. When things are going well, stocks soar to ridiculous heights and valuations that are completely unwarranted. But when investors are down on the space, it seems as though prices can't stop falling. Right now, we're seeing the latter -- and for investors who can see past the recent bearishness, that means some exciting opportunities to scoop up quality cannabis stocks at prices we haven't seen for several months.
If you're prepared to be patient with the marijuana industry, it's worth taking a closer look right now. Top cannabis producers Curaleaf Holdings (OTC: CURLF) and Jushi Holdings (OTC: JUSHF) are down more than 25% in the past three months while the S&P 500 index has been relatively strong, rising more than 5%. But these stocks won't stay down forever, and here's why loading up on them and other multistate operators (MSOs) could be a great move right now.
Image source: Getty Images.
Source Fool.com
