Stock Groups

3 Worst Performing Cannabis Stocks in September By StockNews

by Mike Robinson

[ad_1]

© Reuters. Three of the worst performing cannabis stocks in September

With states legalizing cannabis and growing public acceptance, the cannabis industry has been in the spotlight as it is one of the fastest-growing. However, this doesn’t mean every stock is necessarily a good buy. Investors are best advised to avoid cannabis stocks Canopy Growth Hexo (NASDAQ:), Hexo(NASDAQ :)),) and Flora Growth are both low-growth stocks with weak fundamentals. Continue reading. Cannabis stocks have shown volatility over the last year. As retail investors increased their investments, stocks surged and growth stocks outperformed. The sector saw another boost when Democrats gained the legislative and executive branches. This made it more likely that the federal legalization would be possible.

On the other hand, many cannabis producers are struggling as the crop’s price keeps trending lower due to advances in growing technology and increasing yield. Additionally, entry is free.

It is possible to steer clear of fundamentally weak stocks such as Hexo Corp., Flora Growth Corporation and Hexo Corp.

Continue reading on StockNews

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]