This Is the Top Marijuana Stock to Buy in June
If you think investors have had a tough time staying the course in the stock market over the past three-plus months, take a gander at the cannabis industry. Following a blazing-hot first quarter in 2019 that saw more than a dozen popular pot stocks gallop higher by more than 70%, marijuana stocks have spent the majority of the past 14 months stuck in a vicious downtrend. Many have seen between 50% and 95% of their market value evaporate before shareholders' eyes.
And yet, cannabis remains an intriguing long-term opportunity. Even though the industry has suffered from some expected growing pains, we're seeing tens of billions of dollars in sales conducted annually in the black market. With Canada being the first industrialized country to legalize adult-use weed in the modern era, and numerous U.S. states legalizing cannabis to some extent, it wouldn't be difficult to steadily transition these North American black-market consumers over to legal channels.
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Source Fool.com
