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2 Best Cannabis Stocks to Buy in August

TheMotleyFool

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The vast majority of cannabis stocks flat out wilted under the summer heat in 2019. Top dogs like Aphria, Aurora Cannabis, and Canopy Growth (NYSE: CGC) all saw their market caps take a whopping 20% haircut in just the past 30 days.

The industry's recent move lower reflected a variety of negative headwinds, such as abrupt changes in management at bellwether companies like Canopy Growth and MedMen Enterprises, a fair number of scandals, looming oversupply in the Canadian adult-use market, as well as a host of underwhelming earnings reports.

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