2 Cannabis Stocks That Could Make You Richer
Cannabis stocks have taken a plunge so far this year. The AdvisorShares Pure Cannabis ETF is down 20.9% since the start of the year. Even the biggest pure-play U.S. cannabis companies, such as Trulieve Cannabis (OTC: TCNNF), Curaleaf, and Cresco Labs, have seen their shares take a plunge, dropping more than 27%, 24%, and 10%, respectively, since the start of the year.
Investors may think now is the time to get out of cannabis stocks, but those falling share prices provide an opportunity to lock in a low share price before things eventually bounce back. The U.S. cannabis industry is worth around $60 billion and is projected to be worth $100 billion by 2030, according to a report by Business Insider.
The key, of course, is finding the right marijuana stocks. It isn't that hard -- look for the ones that are growing revenue and already making a profit, such as Verano Holdings (OTC: VRNO.F) and Trulieve.
Source Fool.com
