There are two key things you should know about the cannabis industry, particularly in the U.S. First, it's still only in its early innings. Second, the potential market is huge. Those happen to be two characteristics that bode well for long-term investors.
Some cannabis companies are in especially strong positions to succeed -- and deliver great returns along the way. Here are three of the best marijuana stocks to buy in May.
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Pot stocks aren't known for being inexpensive. However,Ayr Wellness (OTC:AYRW.F) just might come as close to being a bargain in the cannabis industry as you'll find. Its shares trade at only a little over three times expected sales, well below the levels of other leading U.S. multi-state operators (MSOs).
Ayr recently opened its 50th cannabis dispensary nationwide. The company expects to launch at least 10 more dispensaries by the end of this year. And Ayr is targeting some of the fastest-growing markets in the country.