In recent months, cannabis stocks have gained serious momentum on the possibility that the U.S. may reschedule marijuana at the federal level, which would be a significant win for these companies from a research, taxation, and labor perspective. More recently, the industry got another boost when Ohio voters made recreational marijuana legal - and looking ahead, Germany has its own landmark vote scheduled for next year.
Against this backdrop, cannabis stocks could potentially generate outsized gains for shareholders in the upcoming decade. But right now, several cannabis stocks are small- or micro-cap companies reporting massive losses. Many of these stocks are listed on the OTC markets, and remain speculative bets for long-term investors.
