GRWG - 3 Top Pot Stocks to Watch in February
The cannabis market is growing rapidly. According to Fortune Business Insights, the global marijuana market hit a value of $28 billion in 2021 and could grow as large as $198 billion by 2028, averaging more than 30% in annual growth. But investors have had a hard time finding winning stocks due to an uneven legal landscape in the United States and worldwide.
Pot stocks could be speculative until the cannabis industry matures a bit. Still, these three stocks have shown an ability to execute their business model, and the marketwide correction has beaten them down significantly from their highs. Check out these three potential pot winners as top ideas for February.
Growing cannabis requires supplies, fertilizers, and equipment, which gardening company GrowGeneration (NASDAQ: GRWG) specializes in as the largest hydroponic supplier in the United States. The company keeps expanding its store footprint, and now has 62 locations across 13 states.
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3 Top Pot Stocks to Watch in February