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Cheaper Than A Big Mac: Weed Penny Stocks Emerge As Winners Amidst Market Downturn

Benzinga ·  Aug 29 17:17

The cannabis sector has seen its share of turbulence, highlighted by a 15.24% drop in the MSOS ETF (NYSE:MSOS) following the DEA's decision to delay the rescheduling of cannabis until December 2nd. This delay adds to the uncertainty in an already volatile market, particularly as the U.S. approaches a presidential election where candidates hold sharply opposing views on cannabis policy. Amidst the market backdrop, a few cannabis penny stocks, priced lower than one of McDonald's (NYSE:MCD) classic Big Macs, have shown resilience.

Sector-Wide Financial Health

According toViridian Capital Advisors, the broader cannabis sector shows a...

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