Dec 17, 2020 at 8:15AM
Many marijuana stocks have enjoyed a great year in 2020. Despite the coronavirus pandemic, cannabis has been in high demand among customers, and many states deemed dispensaries to be essential businesses amid widespread lockdowns. And now, with four more states (Arizona, Montana, New Jersey, South Dakota) legalizing marijuana for recreational use and the economy potentially getting back to normal next year, 2021 could be another strong year for the industry, as the bullishness doesn t look to be ending anytime soon.
Two marijuana stocks that could be great buys in 2021 are
Trulieve Cannabis (OTC:TCNNF). While both stocks are doing great in 2020 and up more than 150% this year (compared to the
Dec 11, 2020 at 7:45AM
The cannabis industry is full of growth opportunities. It has not been uncommon to see multistate operators doubling their sales from one year to the next. But one company in the space that has been struggling to generate much growth is cannabidiol-focused
Charlotte s Web (OTC:CWBHF). Due to stagnant sales numbers and a lack of profitability, its stock is down 37% this year, in contrast to the sector benchmark
Horizons Marijuana Life Sciences ETF, which is down by around 3%.
Although the cannabidiol (CBD) stock looks like it might be a bargain, investors need to consider many factors before deciding whether or not it s worth it to take a chance on Charlotte s Web. Below, I ll take a look at why the business is struggling, what it needs to do to have a better year in 2021, and whether the share price is likely to bounce back anytime soon.