CRBP - 3 Reasons Medical Marijuana Is a Better Long-Term Investment Than Recreational Pot
It's been a wild ride for pot stocks already in 2020. Last year, the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) fell by 39% while the S&P 500 soared by 31%. This year, the Life Sciences ETF is already down 35%, except this time the S&P 500 is also down by 11%. Unfortunately, some volatility is unavoidable as a result of the coronavirus pandemic. However, for cannabis investors who want to minimize their risk and look for safer options to invest in, there is a solution -- medical marijuana.
Some examples of stocks in this space include pharmaceutical companies like Corbus Pharmaceuticals (NASDAQ: CRBP) and Arena Pharmaceuticals (NASDAQ: ARNA) that have drugs that utilize cannabinoid receptors. Another is Trulieve Cannabis (OTC: TCNNF), a cannabis producer that's heavily focused on the medical marijuana segment, serving the Florida market where it has 46 dispensaries.
Here are three reasons why medical marijuana stocks are safer options for investors.