This Is the Top Marijuana Stock to Buy in August
In the grand scheme of things, marijuana stocks have been serious moneymakers over the past three-plus years. Since 2014, global licensed-store cannabis sales have more than tripled, and worldwide growth prospects have allowed pot stocks to soar. In fact, some of the best-known cannabis stocks are up well over 1,000% since the beginning of 2016.
But the past four months haven't been kind to the green rush. Supply issues in Canada, high tax rates in select U.S. markets, and a host of scandals have depressed valuations throughout the industry. This isn't unexpected given that the marijuana industry is still maturing.
However, it is possible that this recent decline in cannabis stocks has yielded intriguing value within the industry. Keeping in mind that all investments in cannabis should be undertaken with a long-term perspective, my top marijuana stock to buy in August isn't a company most folks have on their radars, or have even heard of before. Ladies and gentlemen, I give you small-cap pot stock Planet 13 Holdings (OTC: PLNHF).
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