The artificial intelligence (AI) boom of 2023 has taken the world by storm. As the AI trend looks set to continue into next year, other undervalued stocks might be overlooked amid this hype.
Following a meteoric rise in 2021, cannabis stocks are going through a tough time. Nonetheless, the industry as a whole is thriving. The only factor thwarting the growth of cannabis companies now is federal legalization. Cannabis is a drug containing tetrahydrocannabinol (THC), a psychoactive substance that produces a "high" when consumed. As a result, it is subject to stringent regulations. However, it has been established that the drug has numerous medicinal benefits, which is likely why there is widespread support for federal legalization. According to a recent Gallup poll, roughly 70% of Americans believe cannabis should be federally legalized.
