3 Pot Stocks With Rising Profit Projections
For years, the marijuana industry has been a go-to investment. Many of the most popular pot stocks have delivered market-trouncing gains since the beginning of 2016.
However, the past four months have been nothing short of painful for cannabis stock investors. Persistent supply issues throughout much of Canada have constrained sales for Canadian growers, while high tax rates in the U.S. have fueled the black market in states like California. The end result has been a steady decline in sales and profit forecasts throughout much of the industry. Whether we're talking about direct players that grow cannabis or ancillary players working behind the scenes, practically any company involved in the cannabis or cannabinoid industry has seen their profit projections decline.
However, there are exceptions. The following three marijuana stocks have all bucked the trend and seen their 2020 earnings-per-share consensus on Wall Street recently increase.
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