The 5 Most Popular Cannabis Stocks Among Millennials
Marijuana stocks have taken investors for a wild ride in 2019. When the first quarter came to a close, more than a dozen of the most popular pot stocks had gained at least 70%, and the expectation was that numerous cannabis stocks would be pushing toward profitability by year's end.
However, now that we're just weeks from the end of 2019, most marijuana stocks are at or near multiyear lows, with many losing at least half of their value since March or April. A combination of supply issues in Canada and high tax rates in the U.S. have kept the green rush from taking off.
What this volatility hasn't done, though, is keep millennials from investing in cannabis stocks. According to online investing app Robinhood, five marijuana stocks are among its 50 most-held companies. This is notable because the average age of Robinhood's more than 6 million members is 32, meaning it's an excellent representation of what's catching the attention of millennial investors. Listed in descending order, here are millennials' favorite cannabis stocks.
Source Fool.com
