Cannabis stocks are in a bear market, with stalled federal U.S. legalization of marijuana being the biggest industry headwind. That’s despite an overwhelming 68% of Americans supporting legalization.
Suffice it to say, it’s difficult to find a pot stock performing well right now. Many U.S. cannabis companies have been reporting solid financial results; their stock prices just need to catch up.
One undervalued marijuana stock with tremendous long-term growth potential is Ascend Wellness Holdings Inc (CNSX:AAWH.U, OTCMKTS:AAWH).
The post Ascend Wellness Stock: This Pot Stock Has 280% Upside appeared first on Profit Confidential.