2 pot stocks that are punished by investors


MAll investors are hot and cold with marijuana stocks, to say the least. These days, the hot part of that equation seems to favor multi-state operators (MSOs), the companies that run the dispensaries where consumers get their “legitimate” weed.

In this video by Motley Fool Live recorded July 16Long-time Fool collaborator Eric Volkman and Health and Cannabis bureau chief Corinne Cardina briefly discuss a segment of the pot market that is much lower on the temperature scale for investors.

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Corinne Cardine: What about picks and shovels, how are they?

Eric Volkman: Not particularly good. They weren’t popular.

If we look at the two great games of pickax and shovel, we are talking GrowGeneration (NASDAQ: GRWG), which is a hydroponics retailer that just can’t stop acquiring assets, and Scotts Miracle Gro (NYSE: SMG), which is a more traditional piece that has crept into marijuana over the past couple of years. People seem to ignore them. I don’t necessarily think they should.

GrowGeneration is down. Again, 1% year-to-date while Scotts Miracle-Gro has slipped 11%. I don’t think it’s fair.

Corinne Cardina has no position in any of the stocks mentioned. Eric Volkman does not have a position in any of the stocks mentioned. The Motley Fool owns stock and recommends GrowGeneration Corp and Scotts Miracle-Gro. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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