After voters in four states (Arizona, Montana, New Jersey, and South Dakota) chose to legalize recreational marijuana last November, the cannabis industry looks even hotter than usual -- especially given the optimism that under a Joe Biden administration, we could see marijuana reform at the federal level. It's an exciting time for the industry, and buying cheap pot stocks before they take off can be a way to significantly grow your portfolio's value.
Two pot stocks that aren't expensive buys today are Harvest Health (OTC: HRVSF) and OrganiGram (NASDAQ: OGI) . Individually, you can buy a share of both companies for less than the cost of a cup of coffee each. It wasn't all that long ago that they were trading significantly higher; 2020 was a tough year for both businesses, with their share prices falling by more than 30%. Let's examine whether these stocks are likely to rebound in 2021, and whether they're good buys right now.
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These 2 Pot Stocks Cost Less Than $3. Can They Double Your Money?