3 Cannabis Stocks to Avoid Like the Plague for the Second Half of 2020

Sean Williams, The Motley Fool
3 Cannabis Stocks to Avoid Like the Plague for the Second Half of 2020

For much of the past half-decade, cannabis stocks have been among the hottest investments on Wall Street. With Canada becoming the first industrialized country in the modern era to green light adult-use cannabis, and two-thirds of U.S. states legalizing weed in some capacity, the door appeared to be wide open for pot stocks to thrive and snag the tens of billions of dollars in cannabis sales conducted in the black market each year. Over the trailing 15-month period, most marijuana stocks have lost in excess of 50% of their value.