Published on 21 Feb 2023 on Insider Monkey via Yahoo Finance
11 Most Undervalued Pot Stocks To Buy According To Hedge Funds
In this article, we will take a look at the 11 most undervalued pot stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Pot Stocks To Buy According To Hedge Funds.
The marijuana industry is the US is progressing towards legal acceptance by the day. Pot stocks rose in December after President Joe Biden signed the Medical Marijuana Research Bill into law. The new law will affect the research processes for the development of marijuana products.
However, 2022 wasn’t a good year for many marijuana stocks. The euphoric rise in cannabis stocks experienced after the pandemic was nowhere to be seen last year as demand fell and companies had to tackle legal and structural challenges. For example, in California, wholesale prices in the industry fell as much as 95% since the state voted to legalize cannabis in 2016.