3 Marijuana Stocks to Avoid Like the Plague in March
Following a stunning first quarter of 2019, which saw more than a dozen popular cannabis stocks rally by at least 70%, the past 11 months have been nothing short of a train wreck for the green rush. Supply issues (both shortages and bottlenecks) have plagued the adult-use legal Canadian market, while wide price gaps between legal and illicit weed have led to struggles for vertically integrated multistate operators in the United States.
Then again, there's little doubt that the legal pot industry could be a long-term moneymaker for investors. There are tens of billions of dollars being conducted annually in the black market, meaning there's plenty of potential to gradually transition these users to legal channels over time.
But let's be clear -- there will be losers within this industry. As we move headlong into March and also contend with the first stock market correction in two years, here are three marijuana stocks you'd be wise to avoid like the plague.
Source Fool.com
