3 Pot Stocks to Avoid Like the Plague in May [The Motley Fool]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: The Motley Fool
Though most investors are laser-focused on tech stocks, it's actually cannabis that could be one of the greatest growth trends of the 00s.According to New Frontier Data, the U.S. pot industry is expected to average an annual growth rate of % between 09 and 0, ultimately hitting more than $ billion in sales by mid-decade. Meanwhile, BDSA anticipates Canadian pot sales will more than double from $.6 billion to $6. billion between 00 and 06. And let's not forget that Mexico is on the cusp of recreational legalization. All told, North America could become a $0 billion weed market by the midpoint of the decade. That's an investment opportunity not to be ignored.However, history also tells us that not every company in a next-big-thing industry will be a winner. As the marijuana industry has matured, the line between the haves and have-nots have become more discernable.As move into May, the following three pot stocks stand out as those that should be avoided like the plague.Image source: Get
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News
- Why Marijuana and CBD Stocks Were Buzzing Today [Yahoo! Finance]Yahoo! Finance
- SNDL: Cannabis Rally Loses Steam Amidst Long-Term Uncertainty [Seeking Alpha]Seeking Alpha
- Why Marijuana Stocks Are Hopping Again on Tuesday [Yahoo! Finance]Yahoo! Finance
- Nova Announces Fourth Quarter and Year End 2023 Results [Yahoo! Finance]Yahoo! Finance
- SNDL Inc. (NASDAQ:SNDL) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SNDL
Sec Filings
- 3/21/24 - Form 6-K
- 3/21/24 - Form 20-F/A
- 3/21/24 - Form 40-F
- SNDL's page on the SEC website