by Fred Fuld III
Many of the cannabis related stocks have been burned during the last year, which makes them possible tax sale opportunities.
A tax selling stock is a stock that is currently selling for a low price due to heavy year-end selling for tax purposes, but was trading at much higher levels earlier in the year.
As the year-end approaches, many investors employ the technique called tax harvesting , which is the selling of loser stocks to offset any gains that may have been established during the year.
With all the heavy selling, the price of the stocks that have had big drops tends to drop far more than what would normally take place during the rest of the year.
So traders and investors are on the lookout for stocks that are heavily hit, hoping for a significant bounce in January, once the tax selling is over.
So if you are looking for these types of stocks, here is a selection of some marijuana stocks that have dropped by over 15% year-to-date, with five of then sinking by more than 50%.
| Stock | Symbol | YTD Return |
| Aphria | APHA | -17% |
| Aurora Cannabis | ACB | -28% |
| Cannabis Sativa | CBDS | -78% |
| Canopy Growth | CGC | -28% |
| Cronos | CRON | -25% |
| Hexo | HEXO | -38% |
| Mentor Capital | MNTR | -60% |
| Sundial Growers | SNDL | -55% |
| Terrra Tech | TRTC | -59% |
| Tilray | TLRY | -69% |
Hopefully some of these stocks will get high in January.
Disclosure: Author owns CBDS, CGC, MNTR, and has a long option position in ACB.
