Forget Aurora Cannabis, Cresco Labs Is a Better Marijuana Stock
The popular Canadian marijuana players have always been investors' favorites: Aurora Cannabis (NYSE: ACB) and Canopy Growth (NASDAQ: CGC) grabbed all the attention after Canada legalized recreational pot in October of 2018. These companies ramped up their production with rising demand in 2019. However, things went haywire when external headwinds caused a supply-and-demand imbalance, and 2020 has been a difficult year for both.
U.S. cannabis companies, on the other hand, are shining amid the coronavirus pandemic. Marijuana was labeled as an essential item in the U.S., and demand rose during lockdowns. Illinois-based pot company Cresco Labs (OTC: CRLBF) saw some explosive revenue numbers in its recent third quarter ended Sept. 30. Besides higher revenue, many other factors make this marijuana stock a much better choice than Aurora Cannabis. Let's take a look.
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Source Fool.com
