5 Small-Cap Pot Stocks With Rising Profit Projections

Over the past three years, marijuana stocks have looked practically unstoppable. But since the beginning of May, they’ve proven quite fallible, with close to three dozen pot stocks declining by a double-digit percentage last month.

At the heart of investors’ concerns are supply chain problems throughout North America. In Canada, a backlog of cultivation applications, coupled with a shortage of compliant packaging solutions, has kept growers from planting, harvesting, processing, or selling cannabis. Since the green flag waved in October on recreational weed sales, cannabis store revenue has mostly flatlined.

Meanwhile, in the United States, pot sales in key markets like California have been disappointing. A combination of high tax rates (which have coerced illicit production) and marijuana oversupply have produced tax revenue that’s well below initial estimates.

Add these problems up, and it’s no surprise to learn that Wall Street has been reducing 2020 earnings-per-share (EPS) estimates throughout the industry.

But there are always exceptions to the rule — and in June, it’s the following five small-cap pot stocks that have seen their profit projections rise, according to Wall Street.

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Trulieve Cannabis

Vertically integrated U.S. dispensary operator Trulieve Cannabis (NASDAQOTH: TCNNF) shouldn’t

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