Cannabis stocks plummeted today, and it was a buying opportunity.
Major cannabis stocks including Aurora Cannabis, Tilray, Hexo, Aphria and VFF fell double-digit percentages. What a mess!
This was a great day to add to your cannabis stock collection and average your cost down. When stocks fall, they are at a discount. You can buy a cannabis ETF like MJ or YOLO and capitalize on today's sector wide 5% selloff.
I bought the pure cannabis ETF, YOLO, which was down 5% today along with Aurora Cannabis (ACB), Village (VFF) and Canopy Growth Corporation (CGC).
It was a bargain shopping day. The end of cannabis prohibition will come sooner than later, and now is the time to own some major future players in the space.
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Picture from Pixabay.