Is It Finally Time To Buy Marijuana Stocks?

This week, Tracey is joined by Zacks Stock Strategist, David Borun, who is also the Editor of Zacks Marijuana Innovator newsletter and Zacks expert on how to invest in the marijuana industry.

It’s been a tough few years for marijuana investors as some of the popular Canadian stocks have sunk during that time.

Aurora Cannabis (ACB - Free Reporthas taken the biggest tumble, falling 96%.

But Canopy Growth (CGC - Free Reportis down 62.5% and Cronos Group (CRON - Free Reporthas fallen 42% over that same time.

Some investors have gotten disillusioned.

But there are 6 marijuana initiatives on the ballot in November in 5 states which could expand both recreational and medicinal use to new states.

Additionally, many fans of the industry are hoping for Federal legalization, possibly as soon as 2021, if the Democrats take control of the Senate.

Some Marijuana Stocks That Are Already Working

But investors do have some options of some companies that are involved in the marijuana industry.

Innovative Industrial Properties (IIPR - Free Reportis a REIT that targets medical-use cannabis facilities for acquisition and that includes sale-leaseback transactions.

It recently hit new 52-week highs. It also pays a dividend, currently yielding 3.5%.

Constellation Brands (STZ - Free Report), the spirits company, has also made a big investment in the industry by partnering with Canopy Growth to make weed-infused beverages.

In full disclosure, Tracey owns shares of IIPR in her own personal portfolio.

Disclaimer: Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the  more

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Cannabis Stock Buyer 9 months ago Member's comment

#Marijuana stocks: yes, $ACB: No