Though it’s certainly prone to volatility, few industries offer the long-term growth potential of legal marijuana. Each and every Wall Street sales forecast implies a compound annual growth rate that’s in the double digits over the next decade, which could ultimately mean that patient investors in the green rush are handsomely rewarded.
But the big question remains: Which pot stocks to buy?
Most cannabis stock investors prefer to buy a handful of the best-known names in the business. Think Canopy Growth, Aurora Cannabis, Cronos Group (NASDAQ:CRON), and HEXO. But the thing is, there’s a sea of potential bargains in the cannabis arena that have mostly flown under Wall Street’s and investors’ radars. If I were you, I’d pay close attention to the following three off-the-radar cannabis stocks.
As you’re likely aware, all eyes are on the promise of cannabidiol (CBD) throughout North America.