3 Marijuana Stocks With Valuations That Still Make Sense

The cannabis movement was virtually unstoppable last year. Canada legalized recreational marijuana. President Trump signed the Farm Bill into law, giving the green light to hemp and hemp-based cannabidiol (CBD) production. And a handful of U.S. states legalized weed in some capacity. It was a banner year for the marijuana industry — but not so much for marijuana stocks, which had an abysmal fourth quarter.

However, that’s changed in a big way to begin 2019. Through Feb. 7, the Horizons Marijuana Life Sciences ETF, which holds a basket of more than four dozen pot stocks, had risen by just shy of 50% on a year-to-date basis.

In other words, marijuana stocks are back, and in a big way.

Image source: Getty Images.

Three pot stocks with reasonable valuations

Rapidly rising share prices, coupled with supply shortages and the ongoing capacity ramp-up throughout Canada, has led to nosebleed valuations throughout the

... read more at: https://www.fool.com/investing/2019/02/11/3-marijuana-stocks-with-valuations-that-still-make.aspx

by