Over the next decade, cannabis chronicles as one of the fastest-growing industries in North America. Although estimates vary wildly, as we’d expect from an industry that’s existed for decades in the black market, North American pot sales have the opportunity to reach $75 billion annually by the end of the decade. That’s growth Wall Street and retail investors should rightly not ignore.
However, we also know that not every company in next-big-thing investment industries will be a winner. As the pot industry has matured a bit over the past four years, we’ve witnessed clear separation between the haves and have-nots.
As we move headlong into March and look forward to warmer weather, investors would be wise to avoid the following three pot stocks like the plague.