2 Top Marijuana Stocks to Watch in December
American and Canadian marijuana stocks alike have had an absolutely terrible 2019. Bureaucratic red tape in Canada has led to a painfully slow rollout of brick-and-mortar retail locations in key provinces like Ontario, whereas sky-high tax rates in the U.S. have kept the black market firmly in business in all-important states such as California.
The net result is that several leading North American cannabis companies have tabled mergers, cut back production, and even axed top executives in recent months. There has also been a noteworthy drop-off in high-dollar equity partnerships this year -- compared to 2017 and 2018 -- presumably due to the industry's slower-than-expected maturation. Consequently, pot stock valuations have fallen off a cliff in 2019.
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Source Fool.com
