Is This a Buying Opportunity in the Marijuana Stocks?

(0:30) – Everything You Need To Know About The Marijuana Industry
(4:30) – Stocks To Keep On Your Radar
(10:30) – Will It Ever Be Federaly Legal?
(15:15) – A Different Play On Cannabis: Beauty Products & REITs
(23:00) – What Should Investors Be Keeping Their Eye On?
(27:15) – Episode Roundup: CGC, ACB, HEXO, GWPH, IIPR, ZYNE

Welcome to Episode #230 of the Zacks Market Edge Podcast.

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.

This week, Tracey’s joined by Stock Strategist David Borun, the editor of Zacks Marijuana Innovators portfolio, to discuss what is going on with the cannabis industry.

Did the coronavirus pandemic help, or hurt, the cannabis industry?

In many states, cannabis was considered an essential business so most dispensaries remained open. But that doesn’t mean there wasn’t disruptions to some of the businesses.

Many of the stocks plunged when the stock market plunged in February and March on coronavirus fears.

Has that created a buying opportunity in some of the shares?

Many investors have focused on the Canadian cannabis growers the last few years. But the pandemic has caused a shake-up among the companies with several doing layoffs and cutting expenses.

Some intriguing places to look for deals are in pharmaceuticals.

What else should you know about the marijuana stocks in 2020?

Listen to this week’s podcast to find out.

Is This a Buying Opportunity in the Marijuana Stocks?

Author: CSN

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