Hotshot cannabis stocks captured the imagination of Robinhood traders and veteran investors alike during the market chaos of 2020. It’s easy to see why: Even beaten-down stocks like Aurora Cannabis (NYSE: ACB) doubled in the last three months alone.
Cautious investors are right to be skeptical about the marijuana hype. The industry is far from mature, and there aren’t too many examples of success. At the same time, some cannabis stocks performed very well last year, and in the U.S., the entire group just saw yet another catalyst for growth.