2 pot stocks that are punished by investors

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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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