Marijuana stocks represent potentially lucrative investment opportunities. But the rewards come at a hefty price due to uncertainty on the developing competitive and regulatory backdrop. As Dan Ahrens, manager of a cannabis ETF, told CNN recently, buying cannabis stocks now is like “investing in alcohol post-Prohibition.”
One way forward is to follow advice from top Wall Street analysts. And that brings us to Bank of America’s Christopher Carey. The analyst covers a number of the most interesting cannabis stocks and spies several compelling investing opportunities.
With that in mind, here are three stocks the analyst is recommending, and one cannabis stock that he says is better to avoid. Let’s dive in.
Hexo Corp (HEXO)
Hexo Corp (NYSE:HEXO) is the No. 1 cannabis stock according to Carey. Although the Canadian cannabis producer was relatively under-the-radar, Hexo hit the headlines last August. That’s when Molson Coors Brewing (NYSE:... read more at: https://investorplace.com/2019/05/3-top-marijuana-stocks-to-buy-and-1-to-sell/