Last year, Canada became the breeding ground for numerous pot stocks following the country’s decision to legalize the use of marijuana for medical and recreational purposes. What followed was a mad rush of investors to take advantage of the budding market, which is estimated to be worth $66 billion by 2025.
As the market grew bigger with the arrival of new players, identifying the wheat from the chaff has become a cumbersome task. On one end, there are promising stocks such as Village Farms (NASDAQ: VFF) that are low on market cap but high on fundamentals, while on the other end, there are stocks like CannTrust Holdings (NYSE: CTST) that are losing credibility by the day.
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