Is Charlotte's Web Stock a Buy?
Marijuana is one sector that has seen some good days so far this year, even amid the coronavirus crisis. The spotlight is also on pharma stocks like Moderna, mostly in hope of a vaccine. But the marijuana sector seems to be emerging as an underdog, and a surge in cannabis sales since the pandemic hit has helped.
The U.S. cannabis industry in particular has seen tremendous growth this year, although the pandemic in many cases delayed the launch of "Cannabis 2.0" derivatives including vapes, concentrates, beverages, edibles, and more. Cresco Labs (OTC: CRLBF), Green Thumb Industries (OTC: GTBIF), and Curaleaf Holdings (OTC: CURLF) have all seen their revenue skyrocket. Meanwhile, Colorado-based Charlotte's Web Holdings (OTC: CWBHF) has failed to impress investors this year. Here are points to consider before putting this stock in your basket.
Image source: Getty Images.
Source Fool.com
