While the market has suffered a lot this year, it has been harsh on cannabis stocks after they peaked in the first quarter of 2021. The domestic cannabis companies are doing pretty well and have outstanding long-term prospects. But lack of positive movement toward cannabis legalization has taken a toll on the stock prices.
Most top growth stocks have suffered this year, yet cannabis stocks would probably be investors' last choice to pick in this bear market. But note that this troubled market could be a great opportunity to buy these stocks at bargain prices.
When the industry reaches its full potential, top cannabis stocks like Illinois-based Cresco Labs (OTC: CRLBF) and Massachusetts-based Curaleaf Holdings (OTC: CURLF) won't be available at this beaten-down price anymore. Thanks to their smart growth strategies, revenue is surging at a drastic rate. Let's dive into why Cresco Labs and Curaleaf make for good investments now to get richer over the long haul.
For further details see:
2 Cannabis Stocks That Could Make You Richer