VGWCF - 3 Cannabis Stocks That Are Buy-the-Dip Candidates
Between the beginning of 2016 and the end of the first quarter of 2019, cannabis stocks could not be stopped. Investors who had the wherewithal, and stomach, to buy into the weed industry were handsomely rewarded.
But the past six-plus months have been nothing short of brutal for cannabis stock investors. For example, the Horizons Marijuana Life Sciences ETF, the first exchange-traded fund focused on cannabis, has lost more than half of its value since mid-March. Meanwhile, most brand-name pot stocks are down 50% or more.
While there are viable reasons for this substantive pullback in cannabis stocks, it could also be argued that this downward move has created an intriguing value proposition for a handful of names. The following three marijuana stocks might very well be considered "buy-the-dip" candidates.