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Should You Buy Cannabis Stocks Today or Wait for U.S. Legalization?

Should You Buy Cannabis Stocks Today or Wait for U.S. Legalization?

As bad as the stock market has been doing of late, cannabis stocks have been even much worse buys. As of Sept. 26, the Horizons Marijuana Life Sciences ETF's price is down 61% over the trailing 12 months, versus the S&P 500's more modest decline of 18%. Buying on the dip is a tricky prospect for cannabis investors because pot stocks have continually gone in one direction: down.