Better Marijuana Stock: Canopy Growth vs. Cresco Labs
There's a general feeling of malaise in the air for cannabis stocks. And that malaise doesn't recognize international boundaries. Shares of the biggest Canadian cannabis producer, Canopy Growth (NYSE: CGC), are down nearly 70% over the last 12 months. It's a similar story for Cresco Labs (OTC: CRLBF), one of the top U.S. cannabis operators.
In recent weeks, Cresco has enjoyed more momentum than Canopy. However, Cresco stock has also dropped roughly twice as much this year as Canopy's shares. But which of these marijuana stocks is the better pick for long-term investors?
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Source Fool.com
