SNDL - 2 Cannabis Stocks to Avoid No Matter What
The cannabis sector has been on fire recently. Since Nov. 2, the Horizons Marijuana Life Sciences ETF -- an industry benchmark -- is up by 105.6%, compared to gains of 18.9% for the S&P 500 index in the same period. Recent developments in the U.S. have helped spur this bull run for pot companies, with several states voting during the November elections to make recreational and/or medical marijuana legal.
Further, the Democratic Party, which tends to have a more friendly attitude toward cannabis, now controls all three branches of the U.S. government. Thanks to these tailwinds, the future of the cannabis industry looks increasingly promising, and there are plenty of excellent marijuana stocks to consider purchasing. But there are also companies investors would do well to avoid. Two pot growers firmly on the latter list are Cronos Group (NASDAQ: CRON) and Sundial Growers (NASDAQ: SNDL) .
Here's why neither of these stocks is worth your hard-earned money.
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2 Cannabis Stocks to Avoid No Matter What