Investing in marijuana stocks continues to be a difficult venture, despite the positive microeconomic and macroeconomic developments.
Pot companies have become leaner as they ramp up their revenues and move toward generating positive earnings before interest, taxes, depreciation, and amortization (EBITDA). But with the bearish stock market sentiment against taking on risk, many marijuana stocks have been decimated.
For contrarian investors who are willing to wait a few years, the payoff from cannabis stocks could be tremendous. I view the weakness in marijuana stock prices as an aggressive contrarian opportunity.
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