VFF - Here's Why We Bought These 3 Cannabis Stocks
The cannabis sector is widely projected to be one of the market's fastest-growing areas over the next decade, if not longer. The nascent Canadian recreational market should continue to boost that country's overall marijuana sales, more countries will likely eventually fully legalize cannabis, and the newly legal U.S. hemp market is poised to balloon.
The number of investment options in the cannabis realm can be mind-numbing. So we thought it would be interesting to ask three Motley Fool contributors who cover the space and invest in it to explain why they bought one of the cannabis stocks in their portfolios. Below, they detail their reasons for buying shares of KushCo Holdings (OTC: KSHB), Village Farms International (NASDAQ: VFF), and Charlotte's Web Holdings (OTC: CWBHF).
Remember, nearly all cannabis stocks are volatile and best suited to risk-tolerant investors.