Cannabis stocks have taken a beating in recent weeks. The lack of profitability in the cannabis sector is making investors impatient. Regulatory issues at CannTrust Holdings is another factor that has damaged the industry’s credibility.
Does this mean that you should stay completely away from the cannabis sector? If you don’t like to take risks, you should probably stay away from that sector for its high risk and volatility. But if you’re willing to take some risk and be patient, you could be well rewarded.
Some small pot stocks still have strong growth prospects and are trading for very low prices. I’m talking here about Auxly Cannabis Group (TSXV:XLY), Supreme Cannabis Company (TSX:FIRE) and Fire Flower Holdings (TSX:FAF) stocks, which are trading for less than $2 at writing.
Let’s see what makes these stocks good buys.
Auxly is a cannabis company based in Vancouver that has operations across Canada
... read more at: https://www.fool.ca/2019/08/16/3-cheap-pot-stocks-to-buy-under-2/