2 Marijuana Stocks to Buy for 2020
This past year has been one to forget for many cannabis stocks, and the bad news for many marijuana companies is that the worst may not be over yet. But these two stocks could see a lot of growth in 2020, and that could make these companies great buys heading into the new year.
Aphria (NYSE: APHA) has been one of the few bright spots in the industry this year, as it has posted profits for two straight quarters. It's been slowly making a name for itself as one of the safer buys in the industry. Despite sales growing by nearly 850% in its most recent earnings report, Aphria still recorded an operating profit, which is a rarity among pot stocks.
And the good news for investors is that there's a lot more growth expected for the company, as Aphria recently obtained a cultivation license that will let it double its production capacity. If Aphria can continue growing at a high rate while also staying in the black, the stock could be destined for great results.
Source Fool.com
