VFF - The 5 Cheapest Marijuana Stocks in 2020
To be blunt, marijuana stocks had an awful campaign in 2019. It certainly began promisingly with market-topping gains in the first quarter, but the past nine months has been deflating for cannabis stock investors, to say the least.
To our north, Canada has been plagued by supply problems, with the country's most populous province, Ontario, struggling to license new dispensaries. Meanwhile, certain U.S. states have been taxing the daylights out of consumers, thereby driving them back to illicit producers. The result has been a resilient black market throughout North America and, for the most part, ongoing losses for pot stocks.
Therefore, it should come as little surprise that profitability will be more in focus than ever for marijuana stocks in 2020. And when it comes to profitability, no pot stocks are cheaper on a forward earnings basis than the following five companies.