After some profit-taking last week after huge vertical runs, I'm looking for pot stocks to work their way back up starting this week.
Many are at good buying opportunities where they sit right now, imo.
Some reading...
Cresco Labs, SNDL, and Green Thumb Industries top peers for best value, fastest growth, and best performance, respectively.
www.investopedia.com
The hardest part of this sector is that there are SO MANY little companies.
Eventually I think we'll see consolidation and end up with a few giants. Whether the little guys are squashed out of business or bought out remains to be seen.
MJ is an ETF that allows you to get exposed to the sector without "gambling" on individual companies.
Additional thoughts:
Legalization is inevitable, and with Covid crushing businesses and causing states to take in far less tax dollars than they are accustomed to, I think legalization will be fast-tracked across most of the country.
I hold the same stance on the sports gambling industry. Fast-tracked legalization to capture tax dollars.