To say that 2019 didn't go as planned for marijuana stocks would be a serious understatement.
Everything looked perfect heading into 2019, with Canada having recently legalized adult-use sales and derivative products expected to hit dispensary shelves later in the year. Then, everything fell apart. The launch of derivatives was delayed until mid-December 2019, and supply issues wreaked havoc throughout the year. The end result was that most pot stocks lost money last year and saw their share prices get clobbered.
The good news is there very well could be exceptions to the rule in 2020. The following four cannabis stocks should be among the most profitable this year. And by "profitable," I don't mean just in earnings per share (EPS); I mean in terms of total net income for the year (i.e., Wall Street's EPS consensus for 2020 multiplied by a company's average outstanding share count in the most recent quarter).