Mar 10, 2021 at 7:34AM Special purchase acquisition companies (SPACs) are some of the hottest buys of 2021. However, they also make for some ultra-risky investments, as investors don't have financial statements to look at to do the kind of analysis that they might normally do when picking a stock. Investors are essentially banking on the potential that a SPAC hits it big with an acquisition or merger. One of the most popular SPACs this year has been Churchill Capital Corp IV, which has soared 133% year-to-date (the S&P 500 is up just 5%). It also recently announced a merger with electric vehicle maker Lucid Motors. Churchill has been around for a bit, though. If you're looking for what could be the next big SPAC, there's one in the cannabis industry that should be on your radar today: