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Is Cronos Group Stock a Buy?

TheMotleyFool

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Cronos Group (NASDAQ: CRON) is a company that has captivated the attention of marijuana investors ever since tobacco-giant Altria Group (NYSE: MO) purchased a $1.8 billion stake back in 2019. In the past three months, Cronos stock is also up by almost 55%, aided by speculation that marijuana could finally be federally legalized under the upcoming Biden administration.

If pot were to be legalized in the U.S., it would greatly accelerate the company's efforts to expand into what could be the largest legal marijuana market in the world. Is Cronos the right choice for investors at the moment, or are there better alternatives to consider?

Image Source: Getty Images.

Source Fool.com

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