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Because Congress is perceived to be on the verge of decriminalizing marijuana at the federal level to unwind the decades-old war on weed, several pot stocks are gaining momentum. However, not all cannabis companies are poised to capitalize on the legalization of cannabis in the United States.
Given this backdrop, we think it could be wise to avoid cannabis stocks with weak growth prospects and bleak financials. Accordingly, we believe GrowGeneration Corp. (GRWG), 4Front Ventures Corp. (FFNTF), Charlotte’s Web Holdings, Inc. (CWBHF), and Acreage Holdings, Inc. (ACRHF) are best avoided now.
