2 Best Cannabis Stocks to Own in 2020
Ever since Canada legalized marijuana for recreational purposes among adults on Oct. 17, 2018, the country's fledgling pot industry has lost a staggering amount of its value. The fundamental reason is that the black market remains the primary source of cannabis for the vast majority of Canadians. Underscoring this point, recent surveys have found that a jaw-dropping 71% of Canadians still buy their recreational cannabis from illicit sources, according to Statistics Canada.
Three issues underlie this unfavorable trend. First and foremost, illicit cannabis is considerably cheaper than government-regulated pot. Secondly, the lack of adequate numbers of brick-and-mortar retail outlets in most provinces has kept local black-market dealers firmly in business.
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Source Fool.com
