SNDL - The 5 Cheapest Pot Stocks in the World
Between the start of 2016 and the end of the first quarter in 2019, cannabis stocks were practically unstoppable. Early investors who had the wherewithal to buy and hold pot stocks often found themselves up by triple- or even quadruple-digit percentages in a relatively short amount of time.
However, the past six and a half months haven't been pretty. You could rightly say that the rug has been pulled out from underneath the feet of pot stock investors, with most marijuana stocks shedding 30%, 40%, or perhaps more than 50% of their value since the second quarter began.
While there are clear hurdles the industry needs to overcome, this precipitous decline in marijuana stocks has led to some arguably intriguing valuations. Right now, you won't find cheaper pot stocks on the planet, based on their forward price-to-earnings ratios, than the following five marijuana stocks.